November 23, 2021 06:32 ET | Source: Meticulous Market Research Pvt. Ltd.'s meticulous market research Pvt. Limited company
Reading, California, November 23, 2021 (GLOBE NEWSWIRE) - According to a report entitled "By component (hardware, service), type (parcel sorter, mail sorting, automatic reading and coding system), application (Express, express and parcels, government post) and geography-global forecast to 2028", released by Meticulous Research®, predicts that the parcel and postal automation system market will grow from 2021 to 2028 at a compound annual growth rate of 16.7% It will reach 9.61 billion US dollars in the year.
Download the free sample report now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4427 The parcel and postal automation system is used to automate the parcel sorting process. The parcel automation system is used to provide high address reading rate and high processing speed. The use of automated systems in the postal industry can avoid manual errors and achieve efficient sorting and delivery of parcels.
The growth of the e-commerce industry, the increase in labor costs, and the growing global demand for automated sorting and delivery processes are the main factors driving the growth of the parcel and postal automation system market.
In addition, factors such as the use of automated mobile robots and artificial intelligence for parcel sorting, technological advances in the parcel and postal automation industries, and the growing number of visualization tools used to improve data management are driving the growth of this market.
The impact of COVID-19 on the parcel and parcel automation system market
The COVID-19 pandemic has caused a widespread economic recession as some countries have implemented strict lockdowns to control infections, leading to the closure of manufacturing industries and disruption of supply chains and production plans. However, the COVID-19 pandemic has had a major positive impact on the online retail industry.
In response to the increasing demand for parcel volumes, nearly 80% of postal service operators have adopted and transformed into advanced solutions and automation. Major investments and adoption include infrastructure changes, automation and staff management. In addition, there is increasing focus on parcels instead of postal mail and letters, cross-border e-commerce, improving customer experience, domestic e-commerce and financial services.
The COVID-19 pandemic has promoted the adoption of automated systems. Multiple suppliers are involved in restructuring business models, adopting new distribution strategies (including outsourcing), and improving delivery capabilities to improve organizational efficiency, customer experience, and last-mile delivery. In the first and second quarters of 2020, high consumption of basic commodities caused disruptions in the global supply chain. The closure of local retailers, manufacturing plants and operational processes disrupted merchandise distribution and enhanced e-commerce channels.
Talk to our analysts to understand the impact of COVID-19 on your business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=4427
Overview of the parcel and postal market
The parcel and postal automation system market is segmented according to components, types, applications, and geographic locations. The research also assessed industry competitors and analyzed the country-level market.
Based on components, by 2021, the hardware part is expected to account for the largest share of the entire parcel and postal automation system market. The larger market share of this segment is mainly due to the increase in the number of packages and the increase in manual labor costs. The hardware used in parcel sorting includes sensors, controllers, bar code readers, dimensions, weighing and scanning systems (DWS), transport conveyors and sensing devices. However, during the forecast period, the service sector is expected to grow at the highest compound annual growth rate. The rapid growth of this market segment is mainly attributable to the increasing demand for solving technical problems and providing frequent services for automatic parcel sorting systems; increasing demand for frequent hardware and software upgrades; services; regular maintenance and repairs to make it normal Work.
According to the type, by 2021, the information management system part is expected to account for the largest share of the parcel and postal automation software market. The large market share of this market segment is mainly due to the increasing demand for the application of integrated barcode recognition technology for the automated receiving, sorting and distribution of station parcels; and the need for an information management system for user recording, uploading and real-time monitoring of parcel delivery The details of. However, during the forecast period, the parcel business segment market is expected to grow at the highest compound annual growth rate. The high growth rate of this segment is mainly due to the increasing demand for operational efficiency and flexibility to easily configure the sorting logic and consistent package handling within the network.
According to the type, by 2021, the parcel sorter segment is expected to account for the largest share of the entire parcel and postal automation system market. The huge market share of this segment is mainly attributable to the growing demand for highly labor-intensive parcel processing, as well as the continuous research carried out by major market participants to automate parcel processing. However, during the forecast period, the automatic reading and coding system segment is expected to grow at the highest compound annual growth rate. The high growth rate of this segment is mainly due to the growing demand for high speed, flexibility and reading performance; and the demand for easy-to-use stamp, label and symbol training systems.
According to the type, by 2021, the linear parcel sorter segment is expected to account for the largest share of the entire parcel sorter market. The huge market share of this segment is mainly attributed to the increasing demand for automated systems to sort parcels, small parcels and other items into narrow space turning windows, and occupy a larger area than traditional circular sorting The machine is smaller. However, the circular parcel sorter segment is expected to grow at the highest compound annual growth rate during the forecast period. The high growth rate of this market segment is mainly attributed to the increasing demand for sorting individual items for order fulfillment, and for sorting luggage, parcels and transport bags for transportation, receiving and cross-docking.
Quick purchase-parcel and postal automation system market research report: https://www.meticulousresearch.com/Checkout/53102073
According to the type, by 2021, the letter sorting machine segment is expected to account for the largest share of the entire mail sorting system market. The huge market share of this segment is mainly due 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, during the forecast period, the mixed mail sorter segment is expected to grow at the highest compound annual growth rate. The high growth rate of this segment is mainly due to the growing demand for handling a wide range of mail, and the increasing need for large-scale automatic sorting in a smaller area.
According to the application, by 2021, the express delivery, express delivery and parcel market segments are expected to account for the largest share of the entire parcel and postal automation system market. The larger market share of this segment is mainly attributable to the growing demand for express delivery of B2C orders to deliver goods purchased in local stores or medical express orders to their respective customers. The increasing demand to save staff time and reduce overall costs, as well as the increase in express and parcel deliveries, is driving the growth of this market segment.
Based on geographic location, North America is expected to account for the largest share of the global parcel and postal automation system market in terms of value by 2021. The huge market share in the region is mainly due to the existence of large automation companies, the adoption of advanced technologies in logistics and distribution services, and the adoption of automation systems in the e-commerce field.
In addition, the rapid refurbishment of existing postal automation systems and additional installations or capacity expansions, the U.S. Postal Service's (USPS) substantial investment in postal automation systems, and the high inorganic growth strategies adopted by companies operating in this market to expand automated installations satisfy The growing package volume system is one of the factors driving the market growth in this region.
In terms of value, Europe is expected to occupy the second place in terms of market share in the parcel and postal automation system market. The huge market share in the region is mainly attributable to the growth of industry retail and e-commerce, the adoption of the latest technology in the logistics industry, and the ever-increasing cooperation and partnerships among participants operating in this market.
Government-funded funds for increasing digitization and the emphasis on parcel and postal automation are driving the development of the European market. Such practices encourage logistics operators and distribution companies to deploy automatic sorters and package operation solutions to ensure higher accuracy of package delivery and reduce errors.
According to data from Parcel Monitor, by 2021, European e-commerce revenue is expected to exceed US$450 billion, with more than 500 million e-commerce users, and nearly 60% of the region’s population shop online. The growth in e-commerce sales in the region is expected to accelerate the adoption of parcel and postal automation systems.
The main players operating in the global parcel and postal automation system market are Siemens Logistics GmbH (Germany), Beumer Group GmbH & Co. KG (Germany), Pitney Bowes, Inc. (USA), Vanderlande Industries BV (Netherlands), SOLYSITIC SAS (France), Toshiba Infrastructure Systems & Solutions Corporation (Japan), Fives Group (France), National Presort, LP (United States), Leonardo SpA (France), Dematic Holding Sarl (United States), Interroll Group (Switzerland), EuroSort Systems BV (Netherlands), NEC Philippines (Philippines), Zebra Technologies Corporation (United States), Honeywell Intelligrated (United States), etc.
To get a deeper understanding of the market through detailed content and data sheets, please click here: https://www.meticulousresearch.com/product/parcel-postal-automation-systems-market-4427
Parcel and postal automation system market, by component
Parcel and postal automation system market, by type
Parcel and postal automation system market, by application
Parcel and postal automation system market, by geographic location
Download the free sample report now @ https://www.meticulousresearch.com/download-sample-report/cp_id=4427
In this crisis, Meticulous Research® continuously evaluates the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to develop strategies and maintain growth for the post-COVID-19 world. If you want to evaluate the impact of COVID-19 on any industry here, please let us know-https://www.meticulousresearch.com/custom-research
Automatic storage and storage by load (unit, micro, micro), type (VLM, carousel, VBM, shuttle), application, end user (automotive, healthcare, food and beverage, semiconductor, manufacturing, retail, warehousing) Retrieval System Market-Global Forecast to 2028
https://www.meticulousresearch.com/product/automated-storages-and-retrieval-systems-market-5159
Automated material handling systems market by type (ASRS, AGV and robotic systems), components, functions, end-use industries (automotive, healthcare, food and beverage, semiconductor, manufacturing, retail, warehousing, logistics, aviation and post)— Global forecast to 2028
https://www.meticulousresearch.com/product/automated-material-handling-systems-market-5149
The airport logistics system market by product (sorting equipment, scanners, conveyors, destination-coded vehicles, freight information systems), services (maintenance and support, integration and deployment, consulting) and geography-global forecast to 2025
https://www.meticulousresearch.com/product/airport-logistics-systems-market-4390
Meticulous Research® was established in 2010 and was merged into Meticulous Market Research Pvt. Ltd. became a private limited company in 2013 under the Companies Act 1956. Since its establishment, the company has become a leading supplier of high-quality market intelligence in North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The name of our company defines our services, advantages and values. Since its establishment, we have only focused on researching, analyzing and presenting key market data, paying great attention to details. With meticulous primary and secondary research techniques, we have established strong data collection, interpretation and data analysis capabilities with the best analyst team, including qualitative and quantitative research. We design smart and value-driven syndicated market research reports, customized research, rapid turnaround research and consulting solutions that have been carefully analyzed to meet the business challenges of sustainable growth.
Contact: Mr. Khushal Bombe Meticulous Market Research Inc. 1267 Willis St, Ste 200 Redding, California, 96001, US USA: 1-646-781-8004 Europe: 44-203-868-8738 Asia Pacific: 91 744- 7780008 Electronics Email-sales@meticulousresearch.com Visit our website: https://www.meticulousresearch.com/ Connect with us on LinkedIn-https://www.linkedin.com/company/meticulous-research Content source: https:/ /www.meticulousresearch.com/ www.meticulousresearch.com/pressrelease/154/parcel-postal-automation-systems-market-2028