Postal Automation System Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Postal Automation System Market: Overview
The global postal automation system market has been treading a growth path over the recent years. Postal automation involves bringing mail from sender to recipient quickly, reliably, and economically.
Emergence of e-commerce has made it extremely simple to order goods online. This in turn has led to massive increase in the volume of packages and parcels. In this scenario, efficient solutions are needed for sorting parcels for faster delivery to customers.
However, postal automation system faces design and operational challenges. Design of advanced postal automation system in times of Industrial Internet of Things (IoT) along with technical glitches challenges the operational process of these systems. In addition, technical glitches related to sensing element in postal automation systems could challenge the entire operation, which may result in delay in delivery of parcels and mails. Furthermore, unexpected problem in control software could lead to malfunctioning of automated systems, resulting in delays in sorting and delivering process.
Global Postal Automation System Market: Trends and Opportunities
Growth of e-commerce, increasing labor costs, and rising need for automated solutions for sorting and delivery of parcels in the postal industry are providing lucrative opportunities to the postal automation system market.
Postal automation system are mainly used for governmental postal and courier, express, and parcel. Of them, governmental postal applications holds prominence accounting for significant share in the postal automation system market. However, courier, express, and parcel (CEP) applications is predicted to surpass in terms of growth rate during the forecast period. Rising volume of parcels and packages to be sorted and shipped by CEP companies along with rising demand from consumers for faster delivery are some key factors behind the growth of postal automation system for CEP applications.
Parcel sorter technology segment accounted for the leading market share in 2017. Sortation systems play a key role to improve the efficiency of postal operations. Sortation systems such as parcel sorters and flat sorters are extensively used by postal companies. With rising volume of parcels postal operators are under pressure for faster delivery of parcels. To address this, postal operators are employing innovative automation technologies to withstand challenging business environments. With declining volume of traditional mail, postal operators are under pressure to improve their infrastructure to handle increasing volume of parcel mail.
Global Postal Automation System Market: Geographical Outlook
Among the key regions for postal automation system, North America is likely to account for the leading share in the overall market. Vis-à-vis market share, North America is at the fore as the region is home to key postal and CEP companies. In addition, renovation of existing postal automation systems in North America has resulted in capacity expansion of these systems, which in turn has resulted in the growth of postal automation system in the region.
However, among all, Asia Pacific postal automation system is anticipated to rise at the leading rate during the forecast period. High growth of e-commerce industry in India, China, and Japan is creating vast opportunities for players in the Asia Pacific postal automation system market.
Global Postal Automation System Market: Competitive Outlook
Some of the key players in the postal automation system market are Siemens, NEC, Pitney Bowes, Fives Group, Lockheed Martin, Dematic, Eurosort System, Fluence Automation, Bowe Systec, ID Mail Systems, Planet Intelligent Systems, Toshiba, SOLYSTIC, Vanderlande, Leonard, Beumer Group, Interroll, Intelligrated, Bastian Solutions, GBI Intralogistics, Opex, and OCM SRl.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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