The global postal automation system market size is expected to reach USD 1,308.8 Million by 2030, according to a new study by Polaris Market Research. The report "Postal Automation System Market Share, Size, Trends, Industry Analysis Report, By Component (Hardware, Software and Services); By Application; By Product; By Technology; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increased demand for automated sorting and quicker parcel delivery drives market growth. Companies across various industries are adopting advanced sortation systems due to rising automation to cut labor costs, eliminate errors, and boost productivity. Major technology suppliers and developers are becoming more interested in cutting-edge postal automation systems, which benefit the market. To ensure high accuracy and speed of parcel delivery, postal operators are expected to invest in these technologies.
Furthermore, transforming traditional postal operations into connected, effective, and smart operations through adopting Industry 4.0 methods opens up a wealth of economic potential. Automotive, retail, electronics, pharmaceutical, food & beverage, and a wide range of other industries are expected to adopt parcel automation systems in the upcoming years.
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The global market is experiencing profitable growth due to the expansion of e-commerce, rising labor costs, and the growing demand for automated parcel sorting and delivery solutions in the postal sector. Government postal agencies handle large volumes of business mail, letters, and flats. It is anticipated that increased government investment to support the industry growth in the coming years due to an increase in parcel quantities.
Additionally, it helps businesses standardize their processes for sorting packages at different levels, such as the mail room or carrier route level and other operations related to package tracking and delivery.
The globalization of electronic communications has spurred online shopping, and last-mile delivery services are a rising global market for numerous logistics companies. Therefore, the increasing volume of packages and parcels that CEP firms must sort and send, together with the growing consumer demand for faster delivery, are some of the major driving forces for the development of the postal automation system.
Postal Automation System Market Report Highlights
Polaris Market Research has segmented the postal automation system market report based on component, application, product, technology, and region:
Postal Automation System, Component Outlook (Revenue - USD Million, 2018 - 2030)
Postal Automation System, Application Outlook (Revenue - USD Million, 2018 - 2030)
Postal Automation System, Product Outlook (Revenue - USD Million, 2018 - 2030)
Postal Automation System, Technology Outlook (Revenue - USD Million, 2018 - 2030)
Postal Automation System, Regional Outlook (Revenue - USD Million, 2018 - 2030)