- Cross Belt Sorter
- Shoe Sorter
- Till Tray Sorter
- Pusher Sorter
- Others
Parcel Sortation Systems Market was valued at USD 1,092.9 million in 2022 and is expected to grow at a 9.7% CAGR from 2023 to 2029. Parcel sortation systems are automated procedures that involve the identification of parcel items on a conveyor system and directing them to certain destinations by using certain devices that are controlled by task-specific software. The growing e-commerce business and increasing demand for faster and more efficient delivery system is expected to drive the growth of the parcel sortation systems market over the forecast period. In addition, the growing trend of online shopping has increased the need for efficient and sophisticated parcel sorting systems that can handle larger volumes of packages and process them quickly and accurately which is expected to boost the growth of the parcel sortation systems market.
Furthermore, the development of new innovative technologies and systems in the market such as automated sorting machines and software solutions is anticipated to further aid the growth of the parcel sortation systems market over the forecast period. For instance, in September 2020, PHOTONEO S.R.O launched a new 3D machine vision which enables robots to pick 2,350 parcels per hour. However, the factors such as high installation and maintenance cost, need for skilled personnel to operate and maintain system, and complexity of integrating parcel sortation systems with existing logistics networks are anticipated to hold back and hinder the growth of parcel sortation systems market over the forecast period. Moreover, the growing trend of same-day and next-day delivery services are expected to provide opportunities to the market players in the growth of parcel sortation systems market. In addition, as e-commerce is still in early stages, there is a significant opportunity to expand parcel sortation systems market over the forecast period.
Parcel Sortation Systems Market Key Developments:
In February 2022 - Korber AG announced their acquisition of Siemens Logistics, Siemens. The acquisition was made for approximately USD 569 million.
Parcel Sortation Systems Market Summary
Study Period
2023-29
Base Year
2022
CAGR
9.7%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Parcel Sortation Sythems Market Dynamics
The parcel sortation system market is expected to grow over the forecasted period due to the growing e-commerce business along with the increasing trend of online shopping leading to increase in need for sophisticated parcel sorting system which can handle larger volume of packages and process them quickly and accurately. This is driving the development of new innovative technologies such as software solutions and automated sorting machines which is expected to drive the growth of parcel sortation systems market at a significant rate over the forecast period.
Asia-Pacific Got Significant Share Of
Parcel Sortation Systems Market Regional Analysis
The Asia Pacific parcel sortation system market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the changing customer preference and increasing disposable income of end users. North America region is expected to have a significant growth over the forecast period owing to the presence of major market players and manufacturers of parcel sorting systems in this region. Furthermore, the growing adoption of automation in manufacturing units with technologies such as Artificial Intelligence and IoT are expected to further aid the market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The parcel sortation systems market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029).
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Parcel Sortation Systems Market Segmentation
By Type
By Direction
- Linear Parcel Sortation System
- Loop Parcel Sortation System
By End User
- Logistics
- E-Commerce
- Pharmaceutical & Medical Supply
- Airports
- Food & Beverages
- Others
Frequently Asked Questions
The parcel sortation systems market was valued at USD 1,092.9 million in 2022 and is expected to grow at a 9.7% CAGR from 2023 to 2029.
The growing e-commerce business and increasing need for sophisticated parcel sorting system is expected to drive the market growth over the forecast period.
The leading players in the global parcel sortation systems market are Siemens Logistics GmbH, Vanderlande Industries B.V., BEUMER GROUP, Bastian Solutions LLC, Murata Machinery Ltd., Interroll Group, Invata Instra logistics, Okura Yusoki Co Ltd., GBI Intralogistics Inc., Daifuku Co Ltd. Equinox, Pitney Bowes Inc., MHS Global, SOLYSTIC SAS, BOWE SYSTEC GMBH, Honeywell International Inc.
- Siemens Logistics GmbH
- Vanderlande Industries B.V.
- BEUMER GROUP
- Bastian Solutions LLC
- Murata Machinery Ltd.
- Interroll Group
- Invata Instra logistics
- Okura Yusoki Co Ltd.
- GBI Intralogistics Inc.
- Daifuku Co. Ltd. Equinox
- Pitney Bowes Inc.
- MHS Global
- SOLYSTIC SAS
- BOWE SYSTEC GMBH
- Honeywell International Inc