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Postal Automation Market Competitive And Growth Analysis 2024 | Siemens AG, Honeywell International Inc., Toshiba Corporation, NEC Corporation, Leonardo S.p.A
Postal Automation Global Market Report 2024
As per the report, the postal automation market size has grown strongly in recent years. It will grow from $3.66 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The postal automation market size is expected to see strong growth in the next few years. It will grow to $5.13 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%.
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Driving Forces Behind The Surge In Package Delivery Services And Its Impact On The Postal Automation Market
The increasing demand for package delivery services is expected to propel the growth of the postal automation market going forward. Package delivery services are defined as companies or organizations that specialize in transporting packages or parcels from one location to another. The rise in package delivery services is driven by e-commerce growth and changing consumer preferences for convenient shopping experiences. Package delivery services use postal automation to streamline sorting, tracking, and delivery processes, enhancing efficiency and ensuring timely and accurate package delivery to customers worldwide. For instance, in 2023, according to recent figures of the parcel shipping index from Pitney Bowes Inc., a US-based shipping and mailing company, the total US parcel volume saw a notable increase in 2023, rising by 0.5% compared to the preceding year. Specifically, it surged from 21.5 billion units in 2022 to 21.7 billion units in 2023. Therefore, the increasing demand for package delivery services is driving the growth of the postal automation market.
Innovative Advancements In Postal Automation
Major companies operating in the postal automation market are focusing on developing and adopting automation technologies, such as robot-based parcel sortation technology, to gain a competitive edge in the market. The robot-based parcel sortation technology is a cutting-edge system that utilizes autonomously guided robots to streamline the parcel sorting process in logistics operations. These robots are capable of processing thousands of parcels per hour, significantly increasing order throughput speed and reducing error rates to nearly zero. In January 2024, Viettel Post (VTPost), a Vietnam-based logistics company, adopted fully automated robot-based parcel sortation technology with the installation of 160 LiBiao 'Mini Yellow' autonomous guided robots at its storage and distribution hub in Hanoi. It is the new sorting system providing VTPost with the capacity to process around 6,000 parcels of various sizes, weights, and shapes every hour at the. multi-client site. The system has more than 1,000 destination chutes, and when robots reach the assigned chute, they stop running and deposit their parcel before returning to an induction station, collecting another order, and starting the process over again.
The postal automation market covered in this report is segmented -
1) By Type: Culler Facer Cancellers, Letter Sorters, Flat Sorters, Parcel Sorters, Mixed Mail Sorters, Other Types
2) By Component: Hardware, Software, Services
3) By Application: Government Postal, Courier, Express And Parcel
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Major companies operating in the postal automation market report are Siemens AG, Honeywell International Inc., Toshiba Corporation, NEC Corporation, Leonardo S.p.A., Murata Machinery Ltd., Dematic Corporation, YASKAWA Electric Corporation, Pitney Bowes Inc., Vanderlande Industries B.V., Korber AG, BEUMER Group GmbH & Co. KG, Interroll Group, OPEX Corporation, Bastian Solutions LLC, Solystic SAS, National Presort LP, Falcon Autotech Private Limited, Fives North American Combustion Inc., GBI Intralogistics Solutions, EuroSort Systems B.V., Bowe Systec GmbH
Contents of the report:
1. Executive Summary
2. Postal Automation Market Report Structure
3. Postal Automation Market Trends And Strategies
4. Postal Automation Market - Macro Economic Scenario
5. Postal Automation Market Size And Growth
…..
27. Postal Automation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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