Postal Automation Market worth US$4.900 billion by 2026
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market of “Postal Automation Market – Forecasts from 2019 to 2026”.
The prime factors propelling the growth of the postal automation market are the growing labor costs, the requirement for proper checking and accountability, and the expanding e-commerce industry.
As per the report, the market about Postal Automation Market is expected to grow at a steady pace.
The postal automation system is an intelligent system, which gives a solution for efficient parcel sorting and brings mails from the sender to the recipient in a responsible and fast manner. Mail parcel sorting systems, sorting systems, postal software, and automatic reading and coding systems are included in the postal automation system. Automation of the Postal industry produces a quicker and better categorization of letters and parcels, it further aids in the digitalization of this procedure.
Automation in the postal system simplifies the complete mail processing chain from pre-sorting to sequencing that helps in diminishing the fixed costs and aids in improving the quality of service provided. Moreover, it assists in raising the profitability, quality, competitiveness of the system, and lessening the labor costs as the process needs less labor. In addition, the increasing demand for industrial automation is further predicted to fuel the market growth for postal automation systems during the forecast period.
On the basis of components, the postal automation services will expand on records of the usual repairs and updates needed for the proper functioning of machines. In addition, the growing training and supervision required for running the machines will further accelerate the growth of postal automation services. The hardware component holds a considerable share to enhance organizational efficiency and raise the profitability of the company during the forecast period.
By product type, the parcel sorter section is supposed to retain a notable market share owing to the increasing necessity to cut down on exhaustive manual labor requirements. The escalating demand in the online shopping industry is also predicted to stimulate market growth for this segment.
By end-user, the Government postal applications are proposed to secure a notable market share because of the shift from traditional postal systems to automated ones during the forecast period.
Based on geography segmentation, the Asia-Pacific region holds gainful opportunities that can result in abundant growth during the forecasted period.
As a part of the report, the major players operating in the Postal Automation Market, that have been covered are Leonardo S.P.A, Siemens AG, Vanderlande N.V, Toshiba Corporation, NEC Corporation, Pitney Bowes, Solystic SAS, Fives Group, Beumer Group GmbH & Co. KG, and National Presort (NPI) LP.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-postal-automation-market
This analytics report segments the postal automation market on the following basis
- By Component
- By Product Type
- Culling and Cancelling
- Sorting Machine
- Parcel Sorter
- Mail Sorter
- Flat Sorter
- Mixed Mail Sorter
- By End-User
- Government Postal
- Private Postal
- By Geography
- North America
- South America
- United Kingdom
- The Middle East and Africa
- Saudi Arabia
- Asia Pacific
- North America
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