Global Postal Automation Market 2018-2023 - Siemens, Toshiba, NEC, Pitney Bowes, Solystic, Vanderlande, and Fives Group Dominate - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 6, 2018--The “Postal Automation Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The postal automation market is expected to grow at a CAGR of 7.37% over the forecast period of 2017-2023.
The rising labor costs, the need for proper checking and accountability, and growing e-commerce industry are some of the major factors driving the growth of this market. The growing trend of online communication has drastically decreased the postal market and it would lead to lower demand for automation of the posting of letters.
By component, postal automation services will grow on account of the regular repairs and updates required for the proper functioning of machines. In addition, the increasing training and supervision required for operating the machines will further drive the growth for postal automation services. The hardware component owns a substantial share so as to improve the organizational efficiency and boost the company profitability throughout the forecast period.
By geography, the Asia-Pacific region holds lucrative opportunities that can result in substantial growth during the forecasted period. The rising trend of e-commerce in developing countries like China, India, and South Korea among others will result in increased demand for a more automated and streamlined procedure. The presence of some of the major market players results in the easier availability of products and services in the emerging markets, thus augmenting the demand for these machines.
The North American and European regions were the early adopters of postal automation equipment and are now moving towards the upgrading their systems to provide better connectivity and meet the increasing needs, thereby boosting the demand for postal automation solution in the region.
Major industry players profiled as part of the report are Siemens AG, Toshiba, NEC, Pitney Bowes, Solystic, Vanderlande, and Fives Group among others.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Postal Automation Market By Component
6. Postal Automation Market By Product Type
7. Postal Automation Market By End-User
8. Postal Automation Market By Geography
9. Competitive Intelligence
10. Company ProfilesSiemens AG Toshiba NEC Pitney Bowes Solystic Vanderlande Fives Group Leonardo Beumer Group National Presort (NPI)
For more information about this report visit https://www.researchandmarkets.com/research/v5f4nr/global_postal?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181106005664/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics:Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/06/2018 10:43 AM/DISC: 11/06/2018 10:43 AM