Parcel And Postal Automation Systems Market By Product, Component, Application , And Geography– Global Forecast To 2025

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The Global Parcel And Postal Automation Systems Market is projected to reach USD 4,497.1 million in 2025 from USD 2,830.0 million in 2018, growing at a CAGR of 6.8%. Parcel and postal automation systems include parcel sorting systems, mail sorting systems, automatic reading and coding systems, and parcel and postal software. Growth in the e-commerce industry, increasing labor costs, and rising need for automated sorting and delivery processes in the postal industry are the key factors driving the growth of the global parcel and postal automation systems market.

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Growing E-Commerce Industry Fuels the Growth of the Global Parcel and Postal Automation Systems Market

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.

E-commerce is a booming market, and according to the United States Department of Commerce, it has grown 15% to reach USD 395 billion in total sales in 2016 and, more sales means many more packages to ship. One of the major factors driving market growth is the increasing complexity of Cross-border e-commerce. According to the global online shopping study 2016 by Pitney Bowes, 66% of online shoppers purchased a product from a retailer in another country. Cross-border shipping involves many more considerations than domestic delivery, including compliance, duties and taxes and the challenge of meeting customer expectations for fast and affordable delivery across the planet. By streamlining parcel sorting management, shippers are able to save on time and costs, increase fulfillment efficiency and improve shipping accuracy, and tracking and visibility, thus driving the parcel and postal automation systems market.

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