Overview and Scope
Postal automation refers to the use of technology and automated systems to streamline and optimize the processing, sorting, and delivery of mail and parcels within the postal industry. The goal of postal automation is to improve the efficiency, accuracy, and speed of postal operations while reducing costs and enhancing the overall customer experience.
Sizing and Forecast
The postal automation market size has grown strongly in recent years. It will grow from $3.66 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the increased number of people purchasing online, the renovation of existing postal automation systems, the rise in demand for package delivery services, and the capacity expansion of systems.
The postal automation market size is expected to see strong growth in the next few years. It will grow to $5.13 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to use of automated systems for mail and package sorting, packing, and delivery, high growth in the e-commerce industry, and the use of cost savings helps in operational efficiency to streamline processes. Major trends in the forecast period include improvements in automation technologies, strategic alliances, and introduce cutting-edge designs.
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Segmentation & Regional Insights
The postal automation market covered in this report is segmented –
1) By Type: Culler Facer Cancellers, Letter Sorters, Flat Sorters, Parcel Sorters, Mixed Mail Sorters, Other Types
2) By Component: Hardware, Software, Services
3) By Application: Government Postal, Courier, Express And Parcel
North America was the largest region in the postal automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the postal automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for package delivery services is expected to propel the growth of the postal automation market going forward. Package delivery services are defined as companies or organizations that specialize in transporting packages or parcels from one location to another. The rise in package delivery services is driven by e-commerce growth and changing consumer preferences for convenient shopping experiences. Package delivery services use postal automation to streamline sorting, tracking, and delivery processes, enhancing efficiency and ensuring timely and accurate package delivery to customers worldwide. For instance, in 2023, according to recent figures of the parcel shipping index from Pitney Bowes Inc., a US-based shipping and mailing company, the total US parcel volume saw a notable increase in 2023, rising by 0.5% compared to the preceding year. Specifically, it surged from 21.5 billion units in 2022 to 21.7 billion units in 2023. Therefore, the increasing demand for package delivery services is driving the growth of the postal automation market.
Key Industry Players
Major companies operating in the postal automation market report are Siemens AG; Honeywell International Inc.; Toshiba Corporation; NEC Corporation; Leonardo S.p.A.; Murata Machinery Ltd.; Dematic Corporation; YASKAWA Electric Corporation; Pitney Bowes Inc.; Vanderlande Industries B.V.; Korber AG; BEUMER Group GmbH & Co. KG; Interroll Group; OPEX Corporation; Bastian Solutions LLC; Solystic SAS; National Presort LP; Falcon Autotech Private Limited; Fives North American Combustion Inc.; GBI Intralogistics Solutions; EuroSort Systems B.V.; Bowe Systec GmbH
The postal automation market report table of contents includes:
1. Executive Summary
2. Postal Automation Market Characteristics
3. Postal Automation Market Trends And Strategies
4. Postal Automation Market – Macro Economic Scenario
5. Global Postal Automation Market Size and Growth
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31. Postal Automation Market Other Major And Innovative Companies
32. Global Postal Automation Market Competitive Benchmarking
33. Global Postal Automation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Postal Automation Market
35. Postal Automation Market Future Outlook and Potential Analysis
36.Appendix
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