During the forecast period, the market for postal automation systems is anticipated to grow at a moderate rate of 6.8%. The market for postal automation systems is expected to be worth US$ 854.33 Mn in 2023. By 2033, it is predicted that the market for postal automation systems would increase to a high of US$ 1649.44 Mn.
Due to the growing acceptance of automated solutions across a wide range of end-user industries and the arrival of game-changing technologies like industry 4.0 and digitization, postal sector sorting and delivery methods must be automated. Increasing labour costs brought on by a shortage of personnel are also anticipated to support the postal equipment systems industry.
The letter-handling device utilised to deliver high address reading rates and high processing speed is called the postal automation equipment. In order to reduce human error, it streamlines the sorting and delivery process in the postal sector. It provides more affordable options with better customer support.
Additionally, it is anticipated that Industry 4.0 practises and a variety of technologies, including RFID, barcode readers, scanners, and others, will develop smart, connected, and efficient automated postal operations, greatly expanding the market for postal automation systems.
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Due to the explosion of online shopping, there has been a corresponding increase in the number of packages sent. For instance, Shopify predicts that in 2019, e-commerce sales are expected to account for 13.7% of global retail sales, with 1.92 billion global digital buyers. As a result, the demand for automated solutions in the postal sector is anticipated to propel the growth of the e-commerce logistics sector even further. As a result, a lot more progress should be made toward postal equipment systems in the coming years.
However, one of the primary issues limiting demand for postal automation systems is the increasing prevalence of the internet and the usage of smart devices, which has led to a decrease in the volume of traditional mail such as letters and mail. In addition, the sales of postal automation systems are being held back by the high expenses of entry and upkeep.
Key Takeaways
- In 2021, the parcel sorter market sector accounted for almost 30% of total sales.
- Over the projected time frame, the CFC is anticipated to grow at a robust CAGR of over 7%.
- In 2021, hardware accounted for over 66% of total income. This was mostly due to improvements in processing power, sensor accuracy, identification accuracy, and scanner accuracy, as well as the need for new systems to augment the aging infrastructure.
- Over the forecast period, the commercial postal services subsegment is projected to grow at the fastest rate (about 10% CAGR).
- Over the forecast period, the services sector is expected to expand at a robust CAGR of around 8%. The expansion is due to the rising need for a variety of services, such as international and domestic mail registration, transport tracking, mail item sorting, customs control area processing, document generation for international and domestic mail, information delivery for a tracking site, monitoring of mail items, and a report on the activities of sorting centers.
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Competitive Landscape
Various technological developments in the postal industry are leading to a trend toward market fragmentation in the global postal automation systems market. Since the postal equipment systems market is always changing; companies are always coming up with new ways to increase their postal equipment systems market share. Many of these companies see innovation and growth to get ahead of the competition.
Recent Developments
TMEIC Corporation Americas is pleased to announce that it has acquired the Ports and Terminals Division from Orbita Ingeniera, S.L. This acquisition is likely to allow TMEIC to offer its new and existing customers in the ports and depots access to superior and tried-and-true OCR competencies, as well as a wider range of mechanization options. The current Ports and Terminals Division will be able to afford growth and development opportunities thanks to TMEIC’s financial backing, operational support, and market impact.
In October 2019, Siemens Logistics has proposed a suite of innovative software solutions designed to streamline airport and airline operations. This is Service 4.0—predictive maintenance for baggage treatment systems. To improve system dependability and cut down on unscheduled outages, predictions are made using aggregated data, and preventative measures are put into place.
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Key Segments in the Postal Automation Systems Market
Technology:
- Culler Facer Canceller
- Letter Sorter
- Flat Sorter
- Mixed Mail Sorter
- Parcel Sorter
- Others
Component:
- Hardware
- Software
- Services
Application:
- Commercial Postal
- Government Postal
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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