Published Date: 30-Sep-2022
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According to a new report, published by KBV research, The Global Postal Automation Systems Market size is expected to reach $1.2 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The Culler Facer Canceller market is experiencing a CAGR of 8.8% during (2022 - 2028). Its capacity to recognize and remove postage stamps as well as distinguish between different types of mail, including postal cards and letter envelopes, is credited with the expansion. Additionally, it removes complicated things that are inappropriate for machine processing.
The Hardware market is leading the market in the Global Postal Automation Systems Market by Type in 2021; thereby, achieving a market value of $746.5 million by 2028. It is due to the result of improvements in processors, sensors, identification, and scanning systems, as well as the need for new systems to increase the capacity of the current ones. Over the projection period, the category is predicted to continue to experience rapid expansion.
The Commercial Postal market would exhibit the highest CAGR of 8.4% during (2022 - 2028). Commercial postal services are expanding as more people use digital communications and e-commerce platforms. In addition, it is anticipated that over the next several years, demand for commercial automation postal services would rise due to a growth in the number of packages and parcels and a rise in the need to deliver goods to consumers rapidly.
The North America market dominated the Global Postal Automation Systems Market by Region in 2021; thereby, achieving a market value of $444.4 million by 2028. The Europe market is experiencing a CAGR of 6.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 7.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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