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Parcel And Postal Automation Systems Market Expansion Continues, with Forecast Valuation of $1214.61 Billion by 2029
Parcel And Postal Automation Systems Market
Parcel And Postal Automation Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, there has been robust growth in the market size of parcel and postal automation systems. The size of this market will increase from $837.24 billion in 2024 to $903.13 billion the following year, reflecting a Compound Annual Growth Rate (CAGR) of 7.9%. Factors that played significant roles during this historic period of growth include a boom in the e-commerce sector, an increase in package and shipment volumes, a rising demand for automation, improved operational efficiency requirements, and a spike in labor costs.
Parcel And Postal Automation Systems Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for substantial expansion in the parcel and postal automation systems market in the forthcoming years. The market size is forecasted to surge to $1214.61 billion by 2029, with a compound annual growth rate (CAGR) estimated at 7.7%. This projected growth can be ascribed to several factors, among them are an increasing demand for efficient package sorting strategies, the necessity of mail item tracking, fulfillment of sustainability objectives, and a rising call for precise, efficient, and cost-effective parcel management. The boom in the e-commerce sector also contributes to this growth. Interesting trends to look out for in this forecast period include the utilization of automated mobile robots, a technological revolution within the parcel and postal automation domain, data oversight via data analytics, and the deployment of AI in parcel sorting.
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What Are the Drivers Transforming the Parcel And Postal Automation Systems Market?
The future growth of the parcel and postal automation systems market is anticipated to be driven by the escalating number of packages and shipments. These terms refer to the procedures of packaging, shipping, and delivery of items from one place to another. A package is a single unit that contains items, whereas a shipment is an aggregate freight of packages delivered to a destination. The rise in packages and shipments is triggered by burgeoning e-commerce activity, propelled by technological developments and altering consumer inclinations, thereby escalating the global demand for logistics services. Parcel and postal automation systems are employed in package and shipment processes to enhance sorting, tracking, and delivery through advanced technology, guaranteeing effective management and punctual delivery. For example, Pitney Bowes Inc.'s parcel shipping index recently reported that the total US parcel volume witnessed a significant growth in 2023, with a 0.5% increase from the previous year. Specifically, the parcel volume jumped from 21.5 billion units in 2022 to 21.7 billion units in 2023. Consequently, the rising number of packages and shipments is contributing to the expansion of the parcel and postal automation systems market.
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What Long-Term Trends Will Define the Future of the Parcel And Postal Automation Systems Market?
Leading enterprises functioning in the parcel and postal automation systems industry are leveraging advanced technologies such as robot-based parcel sortation mechanisms to secure a competitive position in the market. This pioneering technology employs autonomous robots to expedite and simplify the parcel sorting process in logistics tasks. These robots have the capabilities to sort thousands of parcels on an hourly basis, boosting the speed of order execution and substantially lowering the incident of errors to virtually zero. For example, in January 2024, Viettel Post (VTPost), a logistics firm based in Vietnam, embraced this sophisticated robot-based parcel sorting technology wholeheartedly by integrating about 160 autonomously driven LiBiao 'Mini Yellow' robots into its storage and distribution hub located in Hanoi. This state-of-the-art sorting system gives VTPost the ability to handle approximately 6,000 parcels of varied sizes, weights, and forms every hour at the shared client site. The system operates with over 1,000 destination funnels, and when the robot arrives at the preassigned chute, it halts, deposits its parcel, then returns to the induction point to pick up another order and restart the process.
Which Segments in the Parcel And Postal Automation Systems Market Offer the Most Profit Potential?
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
Subsegments:
1) By Hardware: Automated Sorting Systems, Conveyors And Material Handling Equipment, Barcode Scanners And Readers, Automated Storage And Retrieval Systems (ASRS), Weighing And Dimensioning Systems, Automated Guided Vehicles (AGVs), Robotic Arms For Sorting And Packing, Labeling And Printing Machines
2) By Services: Consulting And System Design, Installation And Integration Services, Training Services, Maintenance And Support Services, Managed Services, Upgrade And Retrofit Services
3) By Software: Parcel Management Software, Warehouse Management Systems (WMS), Transportation Management Systems (TMS), Tracking And Tracing Software, Sorting And Routing Software, Fleet Management Software, Analytics And Reporting Software
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Which Firms Dominate the Parcel And Postal Automation Systems Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Parcel And Postal Automation Systems Market?
North America was the largest region in the parcel and postal automation systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parcel and postal automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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