In 2022, the postal automation systems market was estimated to be worth USD 0.7 billion. It is anticipated that the market for postal automation systems will increase from USD 0.7483 billion in 2023 to USD 1.276 billion by 2032, with a compound annual growth rate (CAGR) of 6.90% over the five-year forecast period (2023–2022). The primary market factors fostering market expansion are the expanding acceptance of automated solutions across several end-user sectors and considerable technological breakthroughs.
Due to significant technical breakthroughs like Industry 4.0 and digitization as well as the increased acceptance of automated solutions across a variety of end-user industries, the postal industry now has to automate its sorting and delivery processes. The market for postal automation is also predicted to benefit from growing labour costs of labor.
the implementation of Industry 4.0 practises using numerous technologies, like RFID, barcode readers, scanners, etc., to build automated postal operations that are smart, connected, and efficient. The market is expected to grow dramatically as a result.
The massive expansion in e-commerce has resulted in a remarkable increase in the amount of shipments and parcels. For instance, Shopify projects that 1 point 92 billion people will use digital devices worldwide in 2019 and that 13 point 7 percent of all retail sales will be made online. Due to the demand for automated solutions in the postal industry, it is projected that the e-commerce logistics sector would expand. As a result, it is projected that automation in the postal sector would grow dramatically over the forecast period.
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Key Companies in the postal automation system market include
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Segmentation
Hardware, software, and services are included in the Postal Automation System Market segmentation based on components. The market was controlled by the hardware industry.
Technology-based market segmentation for the postal automation system includes delivery barcode sorters and facer canceller systems. The category with the highest revenue was the delivery barcode sorter.
Based on application, the Postal Automation System Market is segmented into public and government posts. The category for government posts produced the maximum revenue.
The analysis offers market information for North America, Europe, Asia-Pacific, and the rest of the world, organised by region. This industry will be dominated by the North American postal automation system market. Important elements including the presence of sizable postal and CEP companies in the area are driving the market expansion in the area.
The market in the region has also grown as a result of the installation of these systems or the capacity expansion of existing postal automation systems in North America.
The demand for automated solutions in the postal and parcel sector has also increased as a result of the region’s quick development of e-commerce. For instance, the US Department of Commerce says that from 9.8% in the first quarter of 2018 to 10.7% in the first quarter of 2019, e-commerce’s share of total U.S. retail sales climbed. Retail e-commerce sales in the US were around USD 146.2 billion during that quarter.
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