Parcel and Postal Automation Systems: "Innovative conveyor and sorting systems" According to a new market research report titled, "Parcel and Postal Automation Systems Market by Component (Hardware, Services), Type (Parcel Sorter, Mail Sorting, Automatic Reading and Coding Systems), Application (Courier, Express and Parcel, Government Postal), and Geography — Global Forecast to 2028", published by Meticulous Research®, the parcel and postal automation systems market is expected to grow at a CAGR of 16.7% from 2021 to reach $9.61 billion by 2028.
Download Free Sample Report Now @ https://www.meticulousresearch.com/download-samplereport/cp_id=4427?utm_source=FreePR&utm_medium=Social&utm_campaign=Product&utm_con tent=10-02-2022 Parcel and postal automation systems are used to automate parcel sortation processes. Parcel automated systems are utilized to provide high address reading rates and high processing speed. The utilization of automated systems in the postal industry enables efficient sorting and delivery of parcel packages by avoiding manual errors.
Growth in the e-commerce industry, increasing labor costs, and the rising global need for automated sorting and delivery processes are the major factors driving the growth of the parcel and postal automation systems market.
Moreover, factors such as the adoption of automated mobile robots and AI for parcel sorting, increasing technological advancements in the parcel and postal automation industry, and growing visualization tools to improve data management are driving the growth of this market.
The Impact of COVID-19 on the Parcel and Parcel Automation Systems Market
The COVID-19 pandemic caused a widespread economic downturn as several countries imposed strict lockdowns to contain the infection, resulting in the closure of manufacturing industries and disruptions in supply chains and production schedules. However, there has been a significant positive impact of the COVID-19 pandemic on the online retail industry.
To cope with the growing demand for increased parcel volumes, nearly 80% of the postal service operators adopted and transformed to advanced solutions and automation. Major investments and adoption included infrastructure changes, automation, and staff management. Moreover, there was an increased focus on parcels instead of postal mails and letters, cross-border e-commerce, improving customer experience, domestic e-commerce, and financial services.