- Cross Belt Sorter
- Shoe Sorter
- Till Tray Sorter
- Pusher Sorter
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.
In February 2022 - Korber AG announced their acquisition of Siemens Logistics, Siemens. The acquisition was made for approximately USD 569 million.
Fastest Growing Market
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.
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.