Market Research Reports Global Postal Automation System Market Report 2019

Revenue Report Of Postal Automation
System Market 2019
The demand for Postal Automation System Market 2019 is anticipated to be
high for the next few years. By considering this demand we provide latest
Postal Automation System Market Report which gives complete industry
analysis, market outlook, size, growth and forecast till 2023. This report will
assist in analyzing the current and future business trends, sales and revenue
forecasts.
Global Postal Automation System Market Overview:
The Global Postal Automation System Market is Valued at USD 710 Million in 2018 and will reach
USD 960 Million by the end of 2023.
Some of the major factors driving the growth of the
Global Postal Automation System Market are rapid
growth in the E-commerce industry, rising labor
costs, and increasing 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.
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The Global Postal Automation System Market is segmented based on the Component, Technology,
Application and Region. On the basis of Component, the Global Postal Automation System Market is
classified into hardware, software, and services. Based on the Technology, the Global Postal
Automation System Market is sub-segmented into delivery bar code sorter, facer canceller system,
automated package processing system, automated parcel & bundle sorter, and others. On the basis
of Application, the Global Postal Automation System Market is sub-segmented into the public post
and private post.
In terms of the geographic analysis, Postal Automation System Market in Asia-Pacific is expected to
grow at the highest CAGR during the forecast period. This can be attributed to the increasing
automation of warehouses and distribution centers in this region and rapid penetration of e-
commerce and logistics companies in this region. Additional factors such as increase in labor costs
and automation of supply chain processes are supporting the growth of the Postal Automation
System in this region. China and India are among the developing countries that have huge growth
potential for the Postal Automation System Market in Asia-Pacific.
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