How Is The Global Parcel And Postal Automation Systems Market Defined?
Parcel and postal automation systems refer to the use of technology and machinery to automate various processes involved in handling, sorting, processing, and delivering parcels and mail items within postal and courier services. These systems are designed to increase efficiency, accuracy, and throughput while reducing operational costs and manual labor.
Parcel And Postal Automation Systems Global Market Report 2024 provides data on the global parcel and postal automation systems market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Parcel And Postal Automation Systems market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Market Size And Growth Rate Of The Global Parcel And Postal Automation Systems Market Projected?
The parcel and postal automation systems market size has grown strongly in recent years. It will grow from $778.27 billion in 2023 to $837.24 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to growth in the e-commerce industry, increased number of packages and shipments, rise in demand for automation, the need for improved operational efficiency, and increased labor costs. The parcel and postal automation systems market size is expected to see strong growth in the next few years. It will grow to $1129.02 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to the growing need for effective methods for sorting packages, the need for monitoring of mail Items, the requirement to satisfy sustainability targets, the increasing need for accurate, efficient, and economical parcel handling, booming e-commerce sector. Major trends in the forecast period include the use of automated mobile robots, technological advancements in the parcel and postal automation industry, data management through data analytics, use of AI in parcel sorting.
What Are The Primary Growth Drivers In The Parcel And Postal Automation Systems Market?
The growing number of packages and shipments is expected to propel the growth of the parcel and postal automation systems market going forward. Packages and shipments encompass the process of preparing, transporting, and delivering goods from one location to another, with packages serving as the individual units containing items and shipments representing the collective consignment of packages sent together to a common destination. The growing number of packages and shipments is fueled by increased e-commerce activity, facilitated by advances in technology and changing consumer preferences, leading to heightened demand for logistics services worldwide. Packages and shipments use parcel and postal automation systems to streamline sorting, tracking, and delivery processes through advanced technologies, ensuring efficient handling and timely delivery. For instance, in 2023, according to recent figures of the parcel shipping index from Pitney Bowes Inc., a US-based shipping and mailing company, the total US parcel volume saw a notable increase in 2023, rising by 0.5% compared to the preceding year. Specifically, it surged from 21.5 billion units in 2022 to 21.7 billion units in 2023. Therefore, the increasing number of packages and shipments is driving the growth of the parcel and postal automation systems market, with market sizes reaching $G billion in 2023, $H billion in 2024, and $I billion in 2028.
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What Is The Segmentation Of The Global Parcel And Postal Automation Systems Market?
The parcel and postal automation systems market covered in this report is segmented –
1) By Component: Hardware, Services, Software
2) By Technology: Delivery Barcode Sorter, Facer Canceller System
3) By Application: Courier, Express, And Parcels, Government Postal
What Emerging Trends Are Shaping The Parcel And Postal Automation Systems Market Landscape?
Companies in the parcel and postal automation systems market are adopting advanced technologies like robot-based parcel sortation to enhance their competitive position. Robot-based parcel sortation utilizes autonomous robots to streamline the sorting process in logistics, processing thousands of parcels per hour and minimizing errors. For instance, in January 2024, Viettel Post (VTPost), a Vietnam-based logistics firm, implemented robot-based parcel sortation with 160 LiBiao ‘Mini Yellow’ autonomous guided robots at its Hanoi hub. This system processes around 6,000 parcels per hour and features over 1,000 destination chutes. The robots deliver parcels to designated chutes and return to induction stations to collect new orders.
Which Region Has The Fastest Expansion In The Parcel And Postal Automation Systems Market?
North America was the largest region in the parcel and postal automation systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parcel and postal automation systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
