The global postal automation systems market is expected to experience a moderate CAGR of 6. 8% during the forecast period. The current market valuation of postal automation systems is 854. 33 million US dollars in 2023. Demand for postal automation systems is expected to peak in the U. S. U. S. $1,649. 44 million through 2033.
Sorting and delivery procedures in the postal sector want to be automated due to the growing popularity of automated responses in many end-user sectors and the advent of revolutionary technologies such as Industry 4. 0 and digitalization. Prices for hard work increase due to lack of availability. Hard work is also expected to boost the postal apparatus systems sector.
In addition, Industry 4. 0 practices, as well as technologies such as RFID, barcode readers, scanners, etc. , are expected to evolve into intelligent, connected, and effective automated postal operations, which in turn is expected to particularly expand the market for postal automation systems.
Due to the explosion of online shopping, the number of packages sent has increased accordingly. For example, Shopify predicts that in 2019, e-commerce sales are expected to account for 13. 7% of global retail sales, with 1. 92 billion virtual shoppers worldwide. As a result, the demand for automated responses in the postal sector is expected to further drive the expansion of the e-commerce logistics sector. Great strides are expected to be made in the field of postal apparatus systems in the coming years. .
However, one of the main issues holding back the demand for postal automation systems is the increasing prevalence and use of smart devices, which have led to a reduction in the volume of traditional mail such as letters and mail. of postal automation systems are hampered by high access and maintenance costs.
Key takeaways
Competitive Landscape
Several technological advancements in the postal sector are leading to a trend towards fragmentation of the global market for postal automation systems. Since the market for postal apparatus systems is constantly evolving; Companies are looking for new tactics to increase their share of the postal apparatus systems market. Many of these companies see innovation and expansion as an opportunity to stay ahead of the competition.
RECENT DEVELOPMENTS
TMEIC Corporation Americas is pleased to announce the acquisition of the Ports and Terminals department of Orbita Ingeniera, S. L. This acquisition will likely allow TMEIC to offer its new and existing customers in ports and warehouses access to incredible OCR and proven capabilities, as well as a wider diversity of mechanization options. The existing Ports & Terminals department will be able to take advantage of opportunities for expansion and growth thanks to TMEIC’s financial support, operational support and market effect.
In October 2019, Siemens Logistics introduced a suite of state-of-the-art software solutions designed to streamline airport and airline operations. This is Service 4. 0: predictive maintenance of baggage handling systems. To formulate reliability and reduce unplanned outages, forecasts are made using aggregate and preventative knowledge. Measures are put in place.
Key Postal Automation Systems Market Segments
Technology:
Component:
Request:
By region:
Author:
Sudip Saha is the CEO and co-founder of Future Market Insights, an award-winning market research and advisory firm. Sudip is committed to shaping the market research industry with credible answers and consistently generates media buzz with its leadership in ideas. It is highly likely that his extensive experience in market research and allocation control in the area of consumer electronics will continue to be the number one end-use sector in the APAC, EMEA and Americas verticals, reflecting his growth-oriented strategy for clients.
He strongly believes in and advocates for innovation-based responses, emphasizing responses that are tailor-made to meet the needs of one customer at a time. His foresight and visionary technique recently earned him popularity as a “Global Business Consulting Icon” at the 2022 ET Inspiring Leaders Awards.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner, and member of the New York Chamber of Commerce) offers an in-depth look at the driving points driving demands in the marketplace. FMI is the world’s leading provider of market services. Intelligence, consulting, advisory and occasion facilities for the packaging, food and beverage, customer technology, healthcare, commercial and chemical markets. With an extensive team of more than 400 analysts worldwide, FMI provides global, regional and local expertise in industry spaces and trends. in more than 110 countries.
Contact us:
Nandini Singh Sawlani
The Associate Vice President of Future Market Insights is deeply committed to uncovering actionable insights for customers and food and beverage stakeholders. It brings a combination of analytics, industry trends, and customer habits to put knowledge into perspective.
What he does with the knowledge makes for a gripping read. She is a reviewer and contributor to publications such as Process Industry Informer and Spinal Surgery News as she understands the pulse of the market and the conversion of customer preferences.
He likes to invite experts to a roundtable to assess the effect of a trend on an industry. Read their discussion on the effect of AI on packaging.