Global Postal Automation System Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
As per a recent study report published by the Market Research Future on the global postal automation system market, states that it will grow at a steady pace over the period from 2017 to 2023. The market is set to witness rapid growth by 2023, which will be a surplus growth recorded at CAGR of 9.10%.
The names of some of the well-known players in the global postal automation system market are listed as –
Mitsubishi Logistics, Inc. (Japan), Falcon Autotech (India), Siemens AG (Germany), Toshiba Corporation (Japan), NEC Corporation (Japan), Accenture PLC (Ireland), Escher Group (U.S.), Vanderlande (Netherlands), Fujitsu, Ltd. (Tokyo), and Solystic SAS (France).
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Key Findings:
- The global postal automation system market is expected to reach USD 2.2 billion market value by 2023 at a CAGR of 9.10% during the forecast period 2017-2023
- By the technology, facer canceller system accounts for the largest market and is expected to reach USD 845.8 million. Also, the facer canceller system is growing at a CAGR of 10.13% during the forecast period
- By the component, hardware is dominating the market and has generated USD 574.3 million markets in 2017 and is expected to grow at a CAGR of 10.75%
- By the applications, public post office type is dominating the market and has generated USD 867.36 million markets in 2017 and is expected to grow at a CAGR of 9.44%
- Geographically, North America region has been projected to hold the largest market share in the global postal automation system market followed by Europe region, while the Asia Pacific
Market Key Trends & Challenges
The postal automation is gaining momentum owing to the mounting adoption of new technology such as optical character recognition, as well as rising urbanizations, which are the prime factors that are propelling the Postal Automation System Market. There some other factors boosting the market growth of postal automation, which includes improving the living standard of people and rising need for important mail. In a case of point, NEC Corp signed a contract on December 19, 2016, for culler facer cancellers in support of postal automation. The purpose is to supply thirteen systems for three of the Swiss Post’s large-scale mail sorting centers.
At the same time, the factor of adoption of artificial intelligence and machine learning are eventually motivating the demand for the postal automation system market. In a case of point, the machine-printed and handwritten addresses are done by the automation system, which needs little investments that makes more viable for the industries and consume less time.
The giant companies such as Fujitsu, Mitsubishi Logistics, Inc, Toshiba Corporation (Japan), NEC Corporation (Japan), Escher Group (U.S.), Siemens AG (Germany), Accenture PLC (Ireland), Ltd. (Tokyo), are the leading manufacturers of the postal automation system in the market. With the advancement in technology, these companies are heavily investing in the latest technologies with advanced solutions to fulfill the need for their services. Apart from this, a various number of system is being used in this postal automation such as a tag reader, multi-sorting tilt-tray system, compact flat sorting machine, compact letter sorter, culler facer canceller, and video coding machine, integrated reading, open mail handling system, and others are helping the system to service in the best way.
On the flip side, the factors which are hampering the growth of the postal automation are rising labor cost that has forced the manufacturer to adopt the postal automation system for its fewer installations cost, and the digital and electronic devices.
Intended Audience
- Postal automation system companies
- Original equipment manufacturers
- Postal automation system providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
Market Segmentation
The global postal automation system market is categorized by the elements of the component, technology, and applications.
The component includes hardware, software, and services.
The technology segment includes delivery bar code sorter, facer canceller system, automated package processing system, and automated parcel & bundle sorter.
The applications segment includes public post and private post.
Regional Framework
The regional study of the global postal automation system market includes North America, Europe, Asia Pacific, and the rest of the world.
The North American region is one of the leading regions in the world in terms of market share in the postal automation system market. The reason for the growth is surging massive demand from various sectors such as government, BFSI, and others.
The postal automation system market in the Europe region might witness rapid growth in the forthcoming period. Whereas, Asia Pacific region with countries like China, Japan, and India are emerging in the global postal automation system market and might be the highest CAGR in the coming years.
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Table of Contents
1 Executive Summary
2 Market Dynamics
2.1 Market Drivers
2.1.1 Increasing Trend Towards Automation Systems
2.1.2 Increasing Demand for Urgent or Speedy Delivery of Mails
2.2 Market Inhibitors
2.2.1 Availability of Electronic Substitutions
2.2.2 High Cost of Installation
2.3 Market Opportunities
2.3.1 Increasing Volume of Mails From Banking Sector Creating Demand for Automated Systems
2.4 Supply Chain Analysis
2.5 Porter’s Five Forces Analysis
3 Global Postal Automation System Market, by Technology
3.1 Introduction
3.2 Market by Sub-segment
3.2.1 Facer Canceller System
3.2.2 Delivery Barcode Sorter
3.2.3 Automated Package Processing System
3.2.4 Others System
Continued……..
List of Tables
Table 1 Global Postal Automation System Market, by Technology, 2017-2023 (Usd Million)
Table 2 Global Facer Canceller System Market, by Country, 2017-2023 (Usd Million)
Table 3 Global Delivery Barcode Sorters Market, 2017-2023 (Usd Million)
Table 4 Global Postal Automation Market by Automated Package Processing Market, 2017-2023 (Usd Million)
Table 5 Global Postal Automation Market for Other System, 2017-2023 (Usd Million)
Table 6 Global Postal Automation System Market, by Components, 2017-2023 (Usd Million)
Table 7 Global Postal Automation Market, by Software Market, 2017-2023 (Usd Million)
Table 8 Global Postal Automation Market, by Services, 2017-2023 (Usd Million)
Continued………
List of Figures
Figure 1 Global Postal Automation System Market: Drivers & Restraint
Figure 2 Global Postal Automation System Market Supply Chain
Figure 3 Global Postal Automation System Market: Porter’s Five Forces Analysis
Figure 4 Global Postal Automation System Market, by Technology, 2017-2023 (Usd Million)
Figure 5 Global Facer Canceller System Market, 2017-2023 (Usd Million)
Figure 6 Global Postal Automation Market by Delivery Barcode Sorters Market, 2017-2023 (Usd Million)
Figure 7 Global Automated Package Processing Market, 2017-2023 (Usd Million)
Figure 8 Global Postal Automation Market for Other System, 2017-2023 (Usd Million)
Continued…….
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