Logistics is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023

The parcel sortation systems market was valued at USD 1.21 Billion in 2017 and is expected to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. Factors such as increasing labor costs, rising industrial automation, and growth in e-commerce are expected to drive the growth of the market during the forecast period.

Download PDF brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131502194
 
The objective of the report is to provide a detailed analysis of the parcel sortation systems market based on type, offering, end user, and geography. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market. It also provides a detailed overview of the value chain pertaining the parcel sortation systems market.

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).

About MarketsandMarkets™

 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441