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Parcel And Postal Automation Systems Market Overview, Competitive Analysis, Key Trends And Outlook 2024 To 2033
Parcel And Postal Automation Systems Market Share
As per the report, the parcel and postal automation systems market size has grown strongly in recent years. It will grow from $778.27 billion in 2023 to $837.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The parcel and postal automation systems market size is expected to see strong growth in the next few years. It will grow to $1129.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
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Demand Scaling Up Parcel And Postal Automation Systems Market Growth
The growing number of packages and shipments is expected to propel the growth of the parcel and postal automation systems market going forward. Packages and shipments encompass the process of preparing, transporting, and delivering goods from one location to another, with packages serving as the individual units containing items and shipments representing the collective consignment of packages sent together to a common destination. The growing number of packages and shipments is fueled by increased e-commerce activity, facilitated by advances in technology and changing consumer preferences, leading to heightened demand for logistics services worldwide. Packages and shipments use parcel and postal automation systems to streamline sorting, tracking, and delivery processes through advanced technologies, ensuring efficient handling and timely delivery. 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 number of packages and shipments is driving the growth of the parcel and postal automation systems market.
Revolutionizing Parcel Sorting With Robot-Based Technology
Major companies operating in the parcel and postal automation systems market are focusing on advanced 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. For instance, 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 parcel and postal automation systems market covered in this report is segmented -
1) By Component: Hardware, Services, Software
2) By Technology: Delivery Barcode Sorter, Facer Canceller System
3) By Application: Courier, Express, And Parcels, Government Postal
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Major companies operating in the parcel and postal automation systems market are Schneider Electric SE, Honeywell International Inc., Toshiba Corporation, NEC Corporation, Leonardo S.p.A., Murata Machinery Ltd., Rockwell Automation Inc., Zebra Technologies Corp., Daifuku Co. Ltd., Dematic Corporation, YASKAWA Electric Corporation, Pitney Bowes Inc., Vanderlande Industries B.V., Körber AG, Fives, BEUMER Group GmbH & Co. KG, Siemens Logistics GmbH, Interroll Group, OPEX Corporation, Bastian Solutions LLC, Solystic SAS, National Presort LP, Falcon Autotech Private Limited, GBI Intralogistics Solutions, EuroSort Systems B.V., Bowe Systec GmbH
Contents of the report:
1. Executive Summary
2. Parcel And Postal Automation Systems Market Report Structure
3. Parcel And Postal Automation Systems Market Trends And Strategies
4. Parcel And Postal Automation Systems Market - Macro Economic Scenario
5. Parcel And Postal Automation Systems Market Size And Growth
…..
27. Parcel And Postal Automation Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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