DUBLIN--(BUSINESS WIRE)--The "Postal Automation System Market by Component (Hardware, Software, and Services), Technology (Culler Facer Canceller, Letter Sorter, Flat Sorter, Parcel Sorter), Application (Government & Courier, Express & Parcel) & Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The postal automation system market is expected to grow from USD 753.3 million in 2018 to USD 1,022.2 million by 2023, at a CAGR of 6.30% between 2018 and 2023.
The key factors driving the growth of the postal automation system market include growing e-commerce industry, increasing labor costs, and rising need for automated sorting and delivery of parcels in the postal industry. However, the declining volume of traditional mails, along with high initial investments and maintenance costs, in hindering the growth of the market.
The market for parcel sorters is expected to witness a significant growth during the forecast period owing to the increasing demand for parcel sorters in the postal industry. The demand for parcel sorters is rapidly increasing owing to the rise in parcel volumes. Increased use of parcel shipping by traditional customers, along with the growth in internet retailing and new parcel shipping services, is boosting the demand for parcel sorters to automate and upgrade hub infrastructure.
Services pertaining to postal automation systems include maintenance and repair, training and consulting, and software upgrades. Postal automation systems have a long shelf life and hence, these require frequent servicing, in terms of hardware and software upgrades or capacity expansion. Postal automation systems also require periodic maintenance and upgrades. High-value contracts are signed between automation equipment manufacturers and postal operators for after-sales services. Fixing or replacement of a spare part, and system upgrades are usually not covered under the installation contract; these are covered under service agreements. Thus, the demand for services is expected to grow during the forecast period.
Major players operating in the market include Siemens (Germany), Toshiba (Japan), NEC (Japan), SOLYSTIC (France), Pitney Bowes (US), Vanderlande (Japan), Fives Group (France), Leonardo (Italy), Lockheed Martin (US), and Beumer Group (US).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Postal Automation System Market, By Component
7 Postal Automation System Market, By Technology
8 Postal Automation System Market, By Application
9 Postal Automation System Market, By Region
10 Competitive Landscape
11 Company Profiles
- Siemens AG
- Pitney Bowes
- Fives Group
- Lockheed Martin
- Beumer Group
- National Presort
- Eurosort Systems
- Bastian Solutions
- Falcon Autotech
- Bowe Systec
- GBI Intralogistics
- Fluence Automation
- ID Mail Systems
- Planet Intelligent Systems
- OCM SRL
For more information about this report visit https://www.researchandmarkets.com/research/b3w38z/postal_automation?w=4