|
 (EMAILWIRE.COM, September 19, 2018 )
According to this latest publication from Meticulous Research®, the global Parcel and Postal Automation Systems Market is projected to reach $4,497.1 million in 2025 from $2,830.0 million in 2018, growing at a CAGR of 6.8%. The growth of this market will be driven by factors such as growth in the e-commerce industry, increasing labor costs, and rising need for automated sorting and delivery processes in the postal industry. On the other hand, the declining volume of traditional mails, along with design and operational challenges are expected to be the key challenges of this market.
Meticulous Research® – leading global market research company published a research report titled “Parcel and Postal Automation Systems Market by Product (Parcel Sorting Systems, Mail Sorting Systems, Automatic Reading and Coding systems, Parcel and Postal Software), Component (Hardware, Software, Services), Application (Courier, Express, & Parcel; Government Postal), and Geography– Global Forecast to 2025”.
Read more below, or download now: https://www.meticulousresearch.com/download-sample-report/?cp_id=4427
Increasing popularity of e-commerce is driving more and more people online and processing millions of orders per day is a challenging task for the e-commerce and logistics industry. The global electronic retail sales are set to increase to over USD 4 trillion by 2020, accounting for almost 15% of total retail spending. The outlook is equally healthy for B2B e-commerce, with Forbes predicting sales worth USD 6.7 trillion by the same year. Moreover, according to the Wall Street Journal, these online sales also generate the need for reverse logistics – about one-third of all products are ultimately returned by consumers, rising to around 40% in the apparel industry. A large amount of package transfers has undoubtedly fueled the demand from postal operators to adopt automation in the parcel and postal handling for efficient goods delivery.
Key Findings in the Global Parcel and Postal Automation Systems Market Study:
By Component, Services Will Witness the Fastest Growth in the Parcel and Postal Automation Systems Market during the Forecast Period (2018–2025)
The services segment includes maintenance and repair services, training, and regular software upgrades. Postal automation systems have a long shelf life and therefore these require frequent hardware and software upgrades, servicing and capacity expansion. Postal automation systems also require periodic maintenance and repair in order to function adequately. High-value contracts are signed between automation equipment manufacturers and postal operators for after-sales services. Companies also offer software support services to help resolve technical issues and update software. Each service option provides access to web self-help, technical support, product repairs, data updates, and rate changes. 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.
Asia Pacific comprising of China, India, Korea, Japan, and Rest of Asia Pacific (RoAPAC) will witness the fastest growth during the forecast period (2018–2025). The parcel and postal automation systems market is rapidly growing in the Asia-Pacific region due to rising online and e commerce sales.
Scope of the Report:
Market by Component
Hardware
Services
Software
Market by Product
Parcel Sorting Systems
Linear Parcel Sorters
Loop Parcel Sorters
Mail Sorting Systems
Culler Facer Cancellers
Letter Sorters
Flat Sorters
Mixed Mail Sorters
Automatic reading and coding systems
Parcel and Postal Software
Market by Application
Government Postal
Courier, Express, & Parcel.
Download free sample now: https://www.meticulousresearch.com/download-sample-report/?cp_id=4427
About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Meticulous Research™
Viren
+91 744-7780008
viren@meticulousresearch.com 
|
