Parcel and Postal Automation Systems Market Worth $4,497.1 Million by 2025Published On: September 14, 2018
Meticulous Research® – leading global market research company published a research report titled “Parcel and Postal Automation Systems Market by Product (Parcel Sorting Systems, Mail Sorting Systems, Automatic Reading and Coding systems, Parcel and Postal Software), Component (Hardware, Software, Services), Application (Courier, Express, & Parcel; Government Postal), and Geography– Global Forecast to 2025”.
According to this latest publication from Meticulous Research®, the global parcel and postal automation systems market is projected to reach $4,497.1 million in 2025 from $2,830.0 million in 2018, growing at a CAGR of 6.8%. The growth of this market will be driven by factors such as growth in the e-commerce industry, increasing labor costs, and rising need for automated sorting and delivery processes in the postal industry. On the other hand, the declining volume of traditional mails, along with design and operational challenges are expected to be the key challenges of this market.
Browse in-depth Report at: https://www.meticulousresearch.com/product/parcel-postal-automation-systems-market/
The global parcel and postal automation systems market study presents historical market data in terms of values (2016 and 2017), estimated current data (2018), and forecasts for 2025-by product (parcel sorting systems, mail sorting systems, automatic reading and coding systems, and parcel and postal software), component (hardware, software, and services), and application (courier, express, & parcel; government postal). The study also evaluates industry competitors and analyzes the market at regional and country level.
On the basis of product, the global parcel and postal automation market is segmented into parcel sorting systems, mail sorting systems, automatic reading and coding systems, and parcel and postal software broadly. Parcel sorting systems segment is further segmented into linear and loop parcel sorters. Linear parcel sorters hold the largest share of the parcel sorting systems; however, loop parcel sorters are expected to grow at the fastest growth rate owing to increasing parcel volumes and increased utilization of space by companies. Mail sorting systems are further segmented into letter sorters, culler facer cancellers, flat sorters, and mixed mail sorters. The letter sorter systems segment accounted for the largest share of the mail sorting systems market, whereas culler facer cancellers will witness the fastest growth during the forecast period owing to advancements in IT solutions.
On the basis of application, parcel and postal automation systems market is segmented into two major segments namely, government postal; and courier, express & parcels. Courier, express & parcels segment accounted for the largest share of the global parcel and postal automation systems market in 2017. However, government postal segment will witness the fastest growth during the forecast period owing to increasing adoption of digitization and developments in the government postal sector.
This research report analyzes major geographies and provides comprehensive analysis of North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and RoE), Asia Pacific (China, Japan, Korea, India, and RoAPAC), Latin America, and Middle East & Africa. North America accounted for the largest share of the global parcel and postal automation systems market in 2017. Factors such as highly growing e-commerce industry in the U.S., increasing demand for automation, and presence of well-established infrastructure which allows implementation of advanced technologies are expected to drive the growth of parcel and postal automation systems market in this region. However, APAC region is expected to grow with the highest growth rate during the forecast period. Factors such as rising online and e-commerce sales are driving the growth of the parcel and postal automation systems market in this region.
The key players profiled in the global parcel and postal automation systems market report are Siemens AG, Beumer Group, Pitney Bowes, Vanderlande Industries, Solystic SAS, Toshiba, NEC Corporation, Zebra Technologies, Fives Group, and National Presort Inc.
Key questions answered in the report-
- Which are the high growth market segments in terms of product, component, application and region/countries?
- What was the historical market for parcel and postal automation systems across the globe?
- What are the market forecasts and estimates for the period 2018-2025?
- What are the major drivers, restraints, opportunities, and challenges in the global parcel and postal automation systems market?
- Who are the major players in the global parcel and postal automation systems market?
- How is the competitive landscape and who are the market leaders in the global parcel and postal automation systems market?
- What are the recent developments in the global parcel and postal automation systems market?
- What are the different strategies adopted by the major players in the global parcel and postal automation systems market?
- What are the geographical trends and high growth regions/ countries?
- Who are the local emerging players in the global parcel and postal automation systems market and how do they compete with the global players?
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