Postal Automation System Market Overview
The Postal Automation System Market is expected to grow at a CAGR of 9.10% and reach USD 2 billion by the end of the forecast period. The postal automation system is a cutting-edge letter-handling technology that provides high address reading rates and processing speed. This is a practical and clever parcel sorting solution. It is used in the postal industry to decrease human error. It facilitates the procedure and serves as a dependable and timely source. The issue of handling the manual procedure would be resolved by the postal automation system. Automation in the postal business has improved thanks to major technical breakthroughs like 4.0 and digitalization. Parcel sorting systems, postal software, mail sorting systems, and other coding systems are all part of the postal automation system business.
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The postal automation system market requires effective and time-saving technologies to pre-sort and sequence mail. The Postal Automation System improves the quality of services while lowering their costs. By sorting and delivering to the relevant end-user, the Postal Automation System Market reduces labor costs. The growing popularity of e-commerce has increased parcels and packages. The postal sector’s automated method will help the logistical e-commerce industry even more.
Market Segmentation
Based on the Application, the global Postal Automation System Market is segmented into Public Post and Governmental Postal.
Based on the Technology, the global Postal Automation System Market is segmented into Delivery Barcode Sorter and Facer Canceller System.
Based on the Components, the global Postal Automation System Market is segmented into Hardware.
Regional Classification
The presence of several significant firms in the North American region has aided expansion. The market’s growth factor is boosted by increasing demand from various industries in North America, such as BFSI, government, and others. Due to India, Japan, and China, the Asia Pacific area is predicted to grow at the fastest rate in the future years. In several parts of the world, a growing economy is the primary driver of market expansion. The existence of large postal and CEP companies in the region is principally responsible for the region’s market share leadership.
Existing postal automation systems in North America have been renovated, resulting in their installation or capacity extension, contributing to market growth in the region. The postal automation system market in APAC, however, is predicted to develop at the fastest rate among all regions over the forecast period. High e-commerce growth in China, Japan, and India, among other APAC countries, is offering massive growth prospects for market participants.
Industry News
The major key players in the Postal Automation System Market are Toshiba Corporation (Japan), Mitsubishi Logistics, Inc. (Japan), Escher Group (the U.S.), NEC Corporation (Japan), Siemens AG (Germany), Accenture PLC (Ireland), Fujitsu, Ltd. (Tokyo), Falcon Autotech (India), Vanderlande (Netherlands), and Solystic SAS (France).
Material handling specialist MHS international has been picked by the general logistic system to automate its newly built 12,034-meter square international sorting center in Sordio, Italy, on the outskirts of Milan. Bentelers EV systems, beep Inc., and Mobile Eye have teamed up to create and deploy automotive-grade and electric vehicles in private and public settings across North America.
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