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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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.
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.
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.
High deployment and maintenance costs are restraining
the growth of the parcel sortation systems market. Top companies such
as Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER
Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions
(US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs
(US) have adopted the strategies of partnerships and contracts, and
expansions to strengthen their position in the market.
Dematic has adopted inorganic growth strategies to
strengthen its position in the parcel sortation systems market. In
November 2015, Dematic acquired Reddwerks, a US-based warehouse
execution software provider; in January 2015, the company acquired FSU
Investments Limited, a UK-based financial management firm, which holds a
major stock in SDI Group Ltd, a UK-based provider of technological
solutions to retail, e-commerce, and wholesale companies.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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