The Europe Postal Automation Systems Market would witness market growth of 6.8% CAGR during the forecast period (2022-2028).
Senders can make a payment by stamping their letters. They might also go to the post office with their mail and pay a postmaster or a clerk there. Sending heavier mail is more expensive. People either drop off their letters and goods at the post office or put them in a mailbox to mail. Postal employees sort mail at the post office according to size. Letters are processed by a device that removes the stamps.
To prevent the stamps from being used again, the machine prints lines over them. The device also prints the date, time, and stamping location. It is known as the postmark. The mail is then sorted by postal personnel based on where it is heading (the place where it is going). They might sort it manually or with the use of equipment.
Sorted mail is bundled by postal staff and placed in durable bags. The destination of the mail is indicated on these bags. Mail is delivered by truck, rail, ship, or airplane by postal personnel. Letter carriers deliver mail to each address at the final location. Numerous postal couriers commute on foot or in little mail vehicles.
One of the biggest e-commerce markets in Europe is found in Germany. The number of online shoppers, the percentage of people using the internet, and the average annual spending are all higher than in Europe. Total sales in 2021 reached USD 127.5 billion, a 24 percent increase over the previous year. Germany's internet population is projected to grow from 62.4 million in 2020 to 68.4 million in 2025. German shoppers are often risk-averse and demand high-quality goods. The growing utilization of smartphones hypes the online market which drives the growth of the postal automation system market.
The Germany market dominated the Europe Postal Automation Systems Market by Country in 2021; thereby, achieving a market value of $76.6 million by 2028. The UK market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.5% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Postal Automation Systems Market will Hit $1.2 Billion by 2028, at a CAGR of 7.2%
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.
By Technology
By Type
By Application
By Country
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