Postal Automation System Market Forecasts to 2028 – Global Analysis By Component (Software, Hardware, Services), Application (Government Postal, Courier, Express, & Parcel), and By Geography
According to Stratistics MRC, the Global Postal Automation System Market is accounted for $870.53 million in 2020 and is expected to reach $1552.58 million by 2028 growing at a CAGR of 7.5% during the forecast period. Increasing e-commerce industry, growing need for important mail and rising urbanizations are the major factors propelling the market growth. However, huge costs of initial investments and maintenance are hampering the market growth.
Postal automation is a matter of bringing mail quickly, reliably and economically from sender to recipient. One of the important tasks in postal automation is to locate destination address block (DAB) and to extract the pin-code from the address part. The long-range goal of postal automation is a continuous flow of the mainstream. Postal automation system can be used by enterprises to maintain a wide range of business decisions include product positioning or pricing ranging from operational to strategic.
Based on application, the courier, express, & parcel segment is estimated to have a lucrative growth due to the increasing volumes of parcels and packages to be shipped and sorted by CEP companies, along with the rising expectation of customers for faster delivery.
By geography, North America is going to have a lucrative growth during the forecast period due to the presence of major postal and CEP companies in the region. Renovation of existing postal automation systems in North America has resulted in the installation or capacity expansion of these systems, thereby contributing to the growth of the market in the region.
Some of the key players profiled in the Postal Automation System Market include NEC Corporation, Siemens AG, Toshiba Corporation, NPI Sorters, Dematic, EuroSort Systems BV, Honeywell International Inc, Bastian Solutions, Inc, Falcon Autotech Private Limited, GBI Intralogistics, Inc, Fluence Automation, LLC, ID Mail Systems, Inc, OPEX Corporation, and Planet Artificial Intelligence GmbH.
• Mail Sorting Systems
• Parcel Sorting Systems
• Parcel and Postal Software
• Automatic Reading and Coding Systems
• Government Postal
• Courier, Express, & Parcel
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
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- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
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