North America Postal Automation Systems Market Size, Share & Industry Trends Analysis Report By Technology (Parcel Sorter, Culler Facer Canceller, Letter Sorter, Flat Sorter, Mixed Mail Sorter), By Type, By Application, By Country and Growth Forecast, 2022 - 2028
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the North America Postal Automation Systems Market
Market Report Description
The North America Postal Automation Systems Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
It could seem tiresome to include so many universal traits in such a long list. However, it's crucial to stress that before recently, many of these traits were absent from postal systems due to their extreme familiarity and the resulting unquestioning acceptance of them. The evolution of various postal systems adopted by various societies over the centuries into the essentially similar pattern of today's state monopoly service has been a long and difficult process, even though the basic need for a system to swap official correspondence has been felt by all societies and has been met in many ways.
Today, the postal networks of many nations are used by their governments to deliver a variety of services, many of which are unrelated to the basic purpose of sending letters. It has been required to construct a network of post offices stretching into the most distant places to provide for collecting, transportation, and delivery of mail across the country.
A network of such offices, manned by state employees, offers effective banking services in places where it would be unprofitable for a corporate or state bank to open a branch office.Various social security payments, including pensions and family allowances, are also paid by several governments through vouchers that may be redeemed at post offices. Some nations also levy taxes through the use of post offices, typically through the sale of licenses and revenue or tax stamps. In actuality, the postal system offers a vast variety of supplementary services.
In the United States, companies and individuals can use the United States Postal Service's mail processing and delivery services. The retail industry is going through a dramatic change as more gadgets, like smartphones, ipads, and laptops can access the internet. To meet the growing needs of the public and give them a better shopping experience, many merchants are deploying efficient postal automation systems solutions.
The US market dominated the North America Postal Automation Systems Market by Country in 2021; thereby, achieving a market value of $320.6 million by 2028. The Canada market is experiencing CAGR of 9.1% during (2022 - 2028). Additionally, The Mexico would witness a CAGR of 8.2% during (2022 - 2028).
Based on Technology, the market is segmented into Parcel Sorter, Culler Facer Canceller, Letter Sorter, Flat Sorter, Mixed Mail Sorter, and Others. Based on Type, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Government Postal and Commercial Postal. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Vanderlande Industries B.V. (Toyota Industries Corporation), Pitney Bowes, Inc., Körber AG, Leonardo SpA, Lockheed Martin Corporation, NEC Corporation, Interroll Group, Fives Group, Toshiba Infrastructure Systems & Solutions Corporation and SOLYSTIC SAS.
Scope of the Study
Market Segments Covered in the Report:
- Parcel Sorter
- Culler Facer Canceller
- Letter Sorter
- Flat Sorter
- Mixed Mail Sorter
- Government Postal
- Commercial Postal
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Vanderlande Industries B.V. (Toyota Industries Corporation)
- Pitney Bowes, Inc.
- Körber AG
- Leonardo SpA
- Lockheed Martin Corporation
- NEC Corporation
- Interroll Group
- Fives Group
- Toshiba Infrastructure Systems & Solutions Corporation
- SOLYSTIC SAS
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free