The most recent study conducted by Report Ocean, titled “Global Parcel Sortation Systems Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Parcel Sortation Systems. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Parcel Sortation Systems Market is valued approximately USD $ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $ over the forecast period 2022-2029. Parcel sorter gathers packages into correct delivery locations to get them on their way to their end destination. It is a method of material handling used in distribution facilities to sort products. The purpose of the parcel sorting systems is to increase efficiency while processing large quantities of parcels while reducing the time required for human intervention. These usually have a ring shape and are driven by conveyors. The key factor driving the market growth is rising e-commerce industry and growing industrial automation and rise in labor cost to fuel the market growth. The use of automation in end-user industries like e-commerce, logistics and others allows increase in performance by reducing errors and raising quality. Additionally, the growing use of IoT and robotics in industrial automation would accelerate the growth of the parcel sorter market. Systems built on the Internet of Things (IoT) are used to make sorting systems more efficient, affordable, and effective.
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The growth of the global market for package sorters is anticipated to be driven by an increase in the e-commerce sector. Online orders for products have increased as a result of rising internet usage and the convenience of online shopping. Furthermore, as consumers largely concentrate on purchases online, the need for sorter systems increases.
According to Statista, in 2015 the global retail e-commerce sales was USD 1,548 billion and the number is anticipated to reach USD 8,148 billion by 2026. As a result, rising ecommerce sector is anticipated to create the lucrative demand for the market. Additionally, integration of industry 4.0 and IoT with sorting systems would create the lucrative opportunity for the market during forecast period. However, the high installation and maintenance costs of Parcel Sortation Systems stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Parcel Sortation Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, due to changing consumer behavior and rising end-user disposable income. Additionally, an increase in internet users has made it possible for individuals to shop online. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as presence of key manufacturers of parcel sorting systems and the adoption of automation in manufacturing sector, with technologies such as IoT and AI would create lucrative growth prospects for the Parcel Sortation Systems market across North America region.
Major market players included in this report are:
Koerber AG (U.S.)
Beumer Group (Germany)
Pitney Bowes Inc (U.S.)
Vanderlande Industries B.V. (Netherlands)
Dematic (Kion Group AG) (Netherlands)
Honeywell International Inc (U.S.)
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Interroll Group (Switzerland)
Intralox (Netherlands)
Fives Group (France)
National Presort Inc (U.S.)
Recent Developments in the Market:
In 2022, Siemens Logistics, a division of Siemens AG, was acquired by Korber AG. The international mail and parcel business is managed by Siemens Logistics. About USD 569 million was spent on the acquisition.
In 2021, The MT015S split tray sorter was launched by Interroll Group. It is an automated sortation system that may be used in a wide range of sectors, including e-commerce, logistics, and pharmaceuticals.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Linear Parcel Sortation Systems
Loop Parcel Sortation Systems
By Offering:
Hardware
Software
Services
By End User:
Logistics
E-Commerce
Airports
Pharmaceuticals and Medical Supply
Food & Beverages
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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