Global Letter Sorters Market to Reach $285.7 Million by 2030
The global market for Letter Sorters estimated at US$179.9 Million in the year 2023, is expected to reach US$285.7 Million by 2030, growing at a CAGR of 6.8% over the period 2023-2030. Government Postal Application, one of the segments analyzed in the report, is expected to record 6.7% CAGR and reach US$156.6 Million by the end of the analysis period. Growth in the Courier, Express & Parcel Application segment is estimated at 7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $47 Million, While China is Forecast to Grow at 10.1% CAGR
The Letter Sorters market in the U.S. is estimated at US$47 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$67.3 Million by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.
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