Dublin, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The "Postal Automation Systems - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Postal Automation System Market to Reach $1.3 Billion by 2030
The global market for Postal Automation System estimated at US$851.8 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
The global market analysis encompasses various segments, including hardware, software, services, parcel sorters, flat sorters, letter sorters, culler facer cancellers, mixed mail sorters, other technologies, government postal, courier, express, and parcel services, as well as postal automation systems.
Hardware, a key segment under scrutiny, is expected to achieve a 5.5% Compound Annual Growth Rate (CAGR), reaching a market value of US$690 million by the conclusion of the analysis period. Meanwhile, the Software segment is projected to exhibit a 5.9% CAGR over the next eight years.
Notably, the U.S. market is appraised at $323.1 million, with China forecasted to experience a robust 7.3% CAGR, ultimately achieving a market size of $144.2 million by 2030. This comprehensive report, spanning from 2022 to 2030, offers invaluable insights into annual sales, growth trends, and regional dynamics across these technology sectors.
It sheds light on the evolving landscape of technology adoption within postal services, emphasizing digital advancements and automation systems. Industry professionals seeking to comprehend the future of these technologies and their global impact on postal and courier services will find this report to be an indispensable resource.
Additionally, it highlights noteworthy growth forecasts for Japan and Canada, both expected to grow at rates of 4.2% and 5.5%, respectively, during the 2022-2030 period. Germany, within Europe, is anticipated to maintain a steady growth rate of approximately 5.4% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Postal Automation Systems - A Prelude
- Market Outlook
- Hardware Component to Register Significant Growth
- Parcel Sorters Hold Dominant Share by Technology
- Governmental Postal Emerges as the Major Application Segment
- Geographic Market Analysis
- A Note on Changing Dynamics of Postal & Delivery Services Worldwide
- RECENT MARKET ACTIVITY
- Postal Automation Systems - Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
3. MARKET TRENDS & DRIVERS
- Inherent Issues of Traditional Postal Systems and Need to Reinvent Postal Services Drives Trend towards Digitization and Automation
- Market Poised to Benefit from the Shift towards Smart and Connected Automated Postal Operations
- The Crucial Role of AI and Other Advanced Technologies in Enhancing Operations of Postal and Mail Delivery Service Providers
- AI to Enhance Processing of Parcel Data at the USPS
- Focus on Automated Sorting & Delivery Processes to Spur Market Growth
- Emergence of Internet of Postal Things (IoPT) Presents Significant Potential for Growth
- Postal Services Poised to Benefit from Mobile Robots
- Rapid Growth of E-Commerce Industry Fuels Demand for Parcel Automation Systems
- Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023
- Global E-Commerce Market as a % of Retail Sales for the Period 2017-2023
- Leading Retail E-Commerce Countries Worldwide: Ranked by Sales in $ Billion for 2019
- Rising Labor Costs Drive Market Growth
- Growing Volumes of Parcels and Packages and Need for Faster Delivery Drive Need for Automated Parcel Systems
- Global Parcel Shipping Volumes in Billions for the Years 2018, 2020, 2022 and 2024
- Parcel Shipping Volumes Worldwide in Billion Parcels for Select Countries: 2018
- Innovations in Post and Parcel Automation Systems Spur Growth
FOCUS ON SELECT PLAYERS (Total 50 Featured)
- Accenture Plc (Ireland)
- Ammeraal Beltech Holding BV (USA)
- BEUMER Group GmbH & Co. KG (Germany)
- Escher Group (Ireland)
- Falcon Autotech Private Limited (India)
- Fives Group (France)
- Leonardo S.p.A. (Italy)
- Lockheed Martin Corporation (USA)
- Mitsubishi Electric Corporation (Japan)
- National Presort, Inc. (USA)
- NEC Corporation (Japan)
- Pitney Bowes Inc. (USA)
- Siemens Logistics GmbH (Germany)
- SOLYSTIC SAS (France)
- Toshiba Corporation (Japan)
- Vanderlande Industries B.V. (The Netherlands)
- Zebra Technologies Corp. (USA)
For more information about this report visit https://www.researchandmarkets.com/r/fkpqx
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