According to a new market research report titled,
"Parcel and Postal Automation Systems Market by Component (Hardware,
Services), Type (Parcel Sorter, Mail Sorting, Automatic Reading and Coding
Systems), Application (Courier, Express and Parcel, Government Postal), and
Geography — Global Forecast to 2028", published by Meticulous Research®,
the parcel and postal automation systems market is expected to grow at a CAGR
of 16.7% from 2021 to reach $9.61 billion by 2028.
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Parcel and postal automation systems are used to automate
parcel sortation processes. Parcel automated systems are utilized to provide high
address reading rates and high processing speed. The utilization of automated
systems in the postal industry enables efficient sorting and delivery of parcel
packages by avoiding manual errors.
Growth in the e-commerce industry, increasing labor costs,
and the rising global need for automated sorting and delivery processes are the
major factors driving the growth of the parcel and postal automation systems
market.
Moreover, factors such as the adoption of automated mobile
robots and AI for parcel sorting, increasing technological advancements in the
parcel and postal automation industry, and growing visualization tools to
improve data management are driving the growth of this market.
The Impact of COVID-19 on the Parcel and Parcel Automation
Systems Market
The COVID-19 pandemic caused a widespread economic downturn
as several countries imposed strict lockdowns to contain the infection,
resulting in the closure of manufacturing industries and disruptions in supply
chains and production schedules. However, there has been a significant positive
impact of the COVID-19 pandemic on the online retail industry.
To cope with the growing demand for increased parcel
volumes, nearly 80% of the postal service operators adopted and transformed to
advanced solutions and automation. Major investments and adoption included
infrastructure changes, automation, and staff management. Moreover, there was
an increased focus on parcels instead of postal mails and letters, cross-border
e-commerce, improving customer experience, domestic e-commerce, and financial
services.
The COVID-19 pandemic boosted the adoption of automation systems.
Several vendors are involved in reorganizing business models, adopting new
distribution strategies, including outsourcing, and improving delivering
capabilities to enhance organizational efficiencies, customer experience, and
last-mile delivery. High consumption of essential commodities led to
disruptions in global supply chains in the first and second quarters of 2020.
The closure of local retailers, manufacturing plants, and operational processes
disrupted the distribution of goods and enhanced e-commerce channels.
Parcel and Postal Market Overview
The parcel and postal automation systems market is segmented
based on component, type, application, and geography. This study also evaluates
industry competitors and analyzes the market at the country level.
Based on component, in 2021, the hardware segment is
expected to account for the largest share of the overall parcel and postal
automation systems market. The large market share of this segment is mainly
attributed to the rising number of parcel volumes and the increasing cost of
manual labor. The hardware used in parcel sorting includes sensors,
controllers, barcode readers, dimension, weigh and scan systems (DWS),
transportation conveyors, and induction equipment. However, the services
segment is expected to grow at the highest CAGR during the forecast period. The
rapid growth of this segment is mainly attributed to the rising need to solve
technical issues and provide frequent servicing to automated parcel sorting
systems; growing demand for frequent hardware and software upgrades; servicing;
periodic maintenance, and repair to function adequately.
Based on type, in 2021, the information management system
segment is expected to account for the largest share of the parcel and postal
automation software market. The large market share of this segment is mainly
attributed due to the rising demand for automated receiving and dispatching,
sorting, and distribution of parcels at stations through the application of
integrated barcode identification technology; and the need for information
management systems for user records, uploads, and to monitor the detailed information
of delivery of parcels immediately. However, the parcel operations type segment
is expected to grow at the highest CAGR during the forecast period. The high
growth rate of this segment is mainly attributed to increasing demand for
operational efficiency and flexibility for easy configuration of the sorting
logic and network-wide consistent parcel processing.
Based on type, in 2021, the parcel sorters segment is
expected to account for the largest share of the overall parcel and postal
automation systems market. The large market share of this segment is mainly
attributed to the growing demand for highly labor-intensive processing of
parcels and ongoing research carried out by major players in the market to
automate parcel processes. However, the automatic reading and coding system
segment is expected to grow at the highest CAGR during the forecast period. The
high growth rate of this segment is mainly attributed to the growing need for
high speed, flexibility, and reading performance; and the demand for easy-to-use
training systems for stamps, labels, and symbols.
Based on type, in 2021, the linear parcel sorters segment is
expected to account for the largest share of the overall parcel sorters market.
The large market share of this segment is mainly attributed to the increasing
need for automated systems to sort parcels, small parcels, and other items into
tight space diverted windows within a smaller footprint than traditional loop
sorters. However, the loop parcel sorters segment is expected to grow at the
highest CAGR during the forecast period. The high growth rate of this segment
is mainly attributed to the rising demand for sorting individual items for
order fulfillment, sorting case goods, parcels, and shipping bags for shipping,
receiving, and cross-docking.
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Based on type, in 2021, the letter sorters segment is
expected to account for the largest share of the overall mail sorting systems
market. The large market share of this segment is mainly attributed to the
reliable extraction and interpretation of address information, logos, and
labels to ensure that items are quickly sorted and delivered to their
respective locations. However, the mixed mail sorters segment is expected to
grow at the highest CAGR during the forecast period. The high growth rate of
this segment is mainly attributed to the growing need for processing a wide
range of mails and the increasing need to incorporate large-scale automated
sorting in a smaller area.
Based on application, in 2021, the courier, express, and
parcels segment is expected to account for the largest share of the overall
parcel and postal automation systems market. The large market share of this
segment is mainly attributed to the growing courier demand for B2C orders to
deliver items purchased at local stores or medical courier orders to its
respective customers. The rising need to save staff time and reduce overall
expenses and the increase in the courier and parcel volumes delivered are
boosting the growth of this segment.
Based on geography, in 2021, North America is expected to
account for the largest share of the global parcel and postal automation
systems market by value. The region’s large market share is mainly attributed
to the presence of major automation companies, the adoption of advanced
technologies in logistics and distribution services, and the adoption of
automation systems in the e-commerce sector.
Moreover, speedy renovations and increasing installation or
capacity expansion of existing postal automation systems, high investments by
the United States Postal Service (USPS) in postal automation systems, and high
inorganic growth strategies followed by companies operating in this market for
the expansion installation of automation systems for meeting the growing
volumes of parcels are among some of the factors boosting the market growth in
the region.
Europe is expected to hold the second position in terms of
market share in the parcel and postal automation systems market by value. The
region’s large market share is mainly attributed to growing retail and
e-commerce in industries, suitable logistics industry to adopt the newest
technologies, and rising collaborations and partnerships among players
operating in this market.
Government-sponsored funding on increasing digitalization
and the emphasis on parcel and postal automation is boosting the European
market. Such practices encourage logistics operators and distribution companies
to deploy automatic sorters and parcel operations solutions to ensure higher
accuracy and reduced errors in parcel deliveries.
According to Parcel Monitor, Europe’s e-commerce revenue is
expected to exceed $450 billion by 2021, with e-commerce users exceeding 500
million, with nearly 60% of the region’s population shopping online. The
increasing e-commerce sales across the region are expected to accelerate the
adoption of the parcel and postal automation systems.
The key players operating in the global parcel and postal
automation systems market are Siemens Logistics GmbH (Germany), Beumer Group
GmbH & Co. KG (Germany), Pitney Bowes, Inc. (U.S.), Vanderlande Industries
BV (Netherlands), SOLYSITIC SAS (France), Toshiba Infrastructure Systems &
Solutions Corporation (Japan), Fives Group (France), National Presort, LP
(U.S.), Leonardo S.p.A (France), Dematic Holding S.a.r.l., (U.S.), Interroll
Group (Switzerland), EuroSort Systems B.V. (Netherlands), NEC Philippines, Inc
(Philippines), Zebra Technologies Corporation (U.S.), and Honeywell
Intelligrated (U.S.) among others.
To gain more insights
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Scope of the Report:
Parcel and Postal Automation Systems Market, by Component
Hardware
Services
Software
Information Management System
Data Sorting Management
Parcel Operations
Other Software
Parcel and Postal Automation Systems Market, by Type
Parcel Sorters
Linear Parcel Sorters
Loop Parcel Sorters
Mail Sorting Systems
Letter Sorters
Culler Face Cancellers
Flat Sorters
Mixed Mail Sorters
Automatic Reading and Coding Systems
Parcel and Postal Automation Systems Market, by Application
Courier, Express, and Parcels
Government Postal
Parcel and Postal Automation Systems Market, by Geography
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
Middle East & Africa
UAE
South Africa
Rest of MEA
Latin America
Mexico
Brazil
Rest of LATAM
TOP 10 COMPANIES IN
PARCEL AND POSTAL AUTOMATION SYSTEMS MARKET @ https://meticulousblog.org/top-10-companies-in-parcel-and-postal-automation-systems-market/?utm_source=FreePR&utm_medium=Social&utm_campaign=Product&utm_content=03-01-2022
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