Postal Automation Systems Market

Postal Automation System Market - An Overview

The global postal automation system market is expected to witness strong growth during the forecast period between 2021 and 2031.

Postal automation systems are intelligent solutions that are deployed for efficient parcel sorting and delivering mails to recipients with increased speed and reliability.

Some of the products in postal automation systems include postal software, parcel sorting systems, mail sorting systems, automatic reading, postal software, and coding software.

Postal automation systems have proven beneficial in simplifying the entire mail processing chain, beginning from the pre-sorting step to the sequencing step. Postal automation systems have also proven beneficial in decreasing fixed costs and improving the overall quality of the service offered.

Postal automation systems have also helped in decreasing the need for manual mailing, which has lowered labor costs.

Postal Automation System Market - Trends and Opportunities

Rising need for parcel delivery and automated sorting in the postal industry is the key growth driver of global postal automation system market.

Key reason behind need for postal automation system over conventional products is increasing need to reduce human errors, as well as manpower to perform different operations efficiently.

Also, increasing demand for industrial automation could trigger the demand for postal automation systems and help in creating revenue-generating opportunities for prominent players in global market, in the coming years.

In addition to this, continuous growth witnessed in the e-commerce industry could trigger the growth in overall postal automation system market, in future.

Furthermore, increase in volume of packages and parcels in leading economies worldwide is expected to boost the growth in global market, in the coming years.

The mixed mail sorters segment is expected to emerge as largest contributor, in terms of revenue, to overall market because of increasing demand to process large number of emails, as well as rising need to include large-scale automated sorting in smaller area in leading economies globally.

Postal Automation System Market - Competitive Landscape

The global postal automation system market is competitive, with the presence of several leading players. Many of these players have become successful owing to years of delivering consistent results and are expected to account for a large share in overall market, in the coming years.

It is expected that entry of new players will further intensify the competition in overall market, in the years ahead.

New product launches could help prominent postal automation system market players in gaining a competitive edge over other players and in creating revenue-generating opportunities.

Research and development activities could be key, revenue-generating growth strategy for well-established postal automation system market players, in the coming years.

Other strategies such as signing of collaborative agreements with smaller players could help well-established market players in expanding their presence in overall market and increasing their revenue shares.

Few prominent players in global market include Toshiba Corporation, Siemens AG, NEC Corporation, Beumer Group, and Lockheed Martin Corporation.

Postal Automation System Market - Regional Assessment

The global postal automation system market is classified into four regions, namely, North America, Asia Pacific, Europe, and rest of the world.

North America is expected to offer revenue-generating opportunities for players in global postal automation system market because of prominent CEP and postal companies in countries such as the U.S. and Canada.

Asia Pacific is anticipated to witness significant growth in overall postal automation system market owing to continuous growth witnessed in the e-commerce industry in both developed and developing economies such as China and India.

Europe is projected to witness moderate growth in overall postal automation systems market because of fewer number of well-established market players in countries such as the U.K. and Germany.

The rest of the world is expected to witness moderate growth in global market, in the coming years.