The parcel sortation systems market is likely to be
valued at USD 1.31 Billion in 2018 and is expected to reach USD 2.05
Billion by 2023, at a CAGR of 9.3% between 2018 and 2023. The growth of
the 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 creating huge growth opportunities
for the players in the parcel sortation systems market.
The parcel sortation systems market has been
segmented on the basis of type, offering, end-user industry, and
geography. Linear parcel sortation systems held a larger share of the
parcel sortation systems market in 2017. This can be attributed to the
benefits offered by linear parcel sortation systems in terms of their
higher throughput capacity and ability to sort different kinds of
parcels. These factors make linear parcel sortation systems an ideal
solution for end-user companies that deal in parcels of different shapes
and sizes. Linear parcel sortation systems can be further classified
into ARB sorters, linear/vertical belt sorters, pop-up/narrow belt
sorters, shoe sorters, small parcel sorters, paddle sorters, and pusher
sorters.
Among all offerings, the parcel sortation systems
market for services is expected to register the highest CAGR between
2018 and 2023. Frequent servicing requirements, in terms of hardware and
software upgrades or capacity expansion, is the major factor driving
the growth of the parcel sortation systems market for services.
Among all end-user industry, the parcel sortation
systems market for e-commerce is expected to grow at the highest CAGR
between 2018 and 2023. The growth of the parcel sortation systems market
for this industry can be attributed to the exponential increase in the
number of parcels to be sorted and delivered to customers worldwide.
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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