Postal Automation System Market Size Worth $1,308.8 Million By 2030 | CAGR: 6.56%

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

• Hardware component accounted for the highest revenue, owing to advances in processors, recognition, sensors, and scanner systems, as well as the desire for new systems to enhance existing capacity.
• Parcel sorting system category accounted for spearheading revenue growth. Sortation is the process of identifying goods on conveyer systems and redirecting them to the desired destination using a variety of software-controlled devices
• Culler facer canceller is anticipated to see a robust CAGR over the forecast period. This is due to culler facer canceller capacity to distinguish between different types of mail, including postal cards and letter envelopes, by thickness, width, stiffness, and length is said to be a contributing factor to its expansion.
• North America had a major share in 2021 and is estimated to witness lucrative growth over the projected period. The dominance is attributed to the growing use of advanced technologies in postal services and the presence of significant market players in the region.
• The global players include Siemens AG, NEC, Toshiba, Pitney Bowes, Vanderlande, and Solystic.

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)

• Hardware
• Software
• Services

Postal Automation System, Application Outlook (Revenue - USD Million, 2018 - 2030)

• Government Postal
• Courier, Express, & Parcel

Postal Automation System, Product Outlook (Revenue - USD Million, 2018 - 2030)

• Mail Sorting System
• Parcel Sorting System
• Postal and Parcel Software
• Automatic Reading and Coding Systems

Postal Automation System, Technology Outlook (Revenue - USD Million, 2018 - 2030)

• Culler Facer Cancellers
• Letter Sorters
• Flat Sorters
• Parcel Sorters
• Mixed Mail Sorters
• Others

Postal Automation System, Regional Outlook (Revenue - USD Million, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa