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.
Download Free
Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4427?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=23-11-2021
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.
Speak to our Analysts
to Understand the Impact of COVID-19 on Your Business:
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.
Quick Buy – Parcel and
Postal Automation Systems Market Research Report:
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.
TOP 10 COMPANIES IN PARCEL AND POSTAL AUTOMATION SYSTEMS
MARKET
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
Download Free
Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4427?utm_source=blog&utm_medium=social&utm_campaign=Product&utm_content=23-11-2021
