Postal Automation Market Trends, Strategies, and Outlook by 2024-2033

The postal automation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market. Postal Automation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities. Market Size - The postal automation market size has grown strongly in recent years. It will grow from $3.66 billion in 2023 to $3.91 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to the increased number of people purchasing online, the renovation of existing postal automation systems, the rise in demand for package delivery services, and the capacity expansion of systems. The postal automation market size is expected to see strong growth in the next few years. It will grow to $5.13 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to use of automated systems for mail and package sorting, packing, and delivery, high growth in the e-commerce industry, and the use of cost savings helps in operational efficiency to streamline processes. Major trends in the forecast period include improvements in automation technologies, strategic alliances, and introduce cutting-edge designs. Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/postal-automation-global-market-report Scope Of Postal Automation Market The Business Research Company's reports encompass a wide range of information, including: 1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth. 2. Drivers: Examination of the key factors propelling market growth. 3. Trends: Identification of emerging trends and patterns shaping the market landscape. 4. Key Segments: Breakdown of the market into its primary segments and their respective performance. 5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market. 6. Macro Economic Factors: Assessment of broader economic elements impacting the market. Postal Automation Market Overview Market Drivers - The increasing demand for package delivery services is expected to propel the growth of the postal automation market going forward. Package delivery services are defined as companies or organizations that specialize in transporting packages or parcels from one location to another. The rise in package delivery services is driven by e-commerce growth and changing consumer preferences for convenient shopping experiences. Package delivery services use postal automation to streamline sorting, tracking, and delivery processes, enhancing efficiency and ensuring timely and accurate package delivery to customers worldwide. 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 demand for package delivery services is driving the growth of the postal automation market. Market Trends - Major companies operating in the postal automation market are focusing on developing and adopting automation technologies, such as robot-based parcel sortation technology, to gain a competitive edge in the market. The robot-based parcel sortation technology is a cutting-edge system that utilizes autonomously guided robots to streamline the parcel sorting process in logistics operations. These robots are capable of processing thousands of parcels per hour, significantly increasing order throughput speed and reducing error rates to nearly zero. In January 2024, Viettel Post (VTPost), a Vietnam-based logistics company, adopted fully automated robot-based parcel sortation technology with the installation of 160 LiBiao ‘Mini Yellow’ autonomous guided robots at its storage and distribution hub in Hanoi. It is the new sorting system providing VTPost with the capacity to process around 6,000 parcels of various sizes, weights, and shapes every hour at the. multi-client site. The system has more than 1,000 destination chutes, and when robots reach the assigned chute, they stop running and deposit their parcel before returning to an induction station, collecting another order, and starting the process over again. The postal automation market covered in this report is segmented – 1) By Type: Culler Facer Cancelle