According to the new market research report "Parcel Sortation Systems Market
by Type (Linear, Narrow Belt Sorters, Shoe Sorters, Small Parcel
Sorters, and Loop, Cross-Belt Sorters Tilt Tray Sorters), Offering
(Hardware, Software, and Services), End User Industry, and Geography -
Global Forecast to 2023", the parcel sortation systems market
is expected to be valued at USD 1.31 Billion in 2018 and is likely to
reach USD 2.05 Billion by 2023, at a CAGR of 9.3% between 2018 and
2023. The growth of the parcel sortation systems market is propelled by
increasing labor costs, rising industrial automation, and growth in
e-commerce. Factors such as emerging application areas of parcel
sorting systems and integration of Industry 4.0 and IoT with sorting
systems are creasing huge growth opportunities for the players in the
parcel sortation systems market.
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Browse 67 market data Tables and 49 Figures spread through 160 Pages and in-depth TOC on "Parcel Sortation Systems Market - Global Forecast to 2023"https://www.marketsandmarkets.com/Market-Reports/parcel-sortation-system-market-131502194.html
Hardware is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.
Among all offerings, hardware held the largest share
of the parcel sortation systems market in 2017. The leading position of
hardware, in terms of market size, can be attributed to the upgrades in
sensor, processor, and diverter technologies, resulting in capacity
enhancement of parcel sortation systems, in terms of volume and
attributes of a parcel. Hardware can be further classified into
processors, cameras, sensors, diverters, electrical and mechanical
components, and displays.
Logistics is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.
Among all end-user industries, logistics held the
largest share of the parcel sortation systems market in 2017. The
leading position of logistics, in terms of market share, can be
attributed to the increasing shipments of parcels and cartons and the
growing need to deliver parcels in the shortest timeframe.
Market for loop parcel sortation systems is expected to register a higher CAGR during the forecast period.
between the 2 types of parcel sortation systems, the
market for loop parcel sortation systems is expected to register a
higher CAGR between 2018 and 2023. The growth of the market for loop
parcel sortation systems can be attributed to the benefits offered by
these systems in terms of optimum space utilization, which makes them
ideal for small and midsized warehouses and distribution centers.
Europe is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023.
Among all regions, Europe held the largest share of
the parcel sortation systems market in 2017. Presence of prominent
logistics and e-commerce companies and major parcel sortation systems
solution providers in this region has led to the dominance of Europe in
the parcel sortation systems market.
Major players in the parcel sortation systems market
are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER
Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions
(US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs
(US).
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