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Tuesday, 26 November 2019

Parcel Sortation Systems Market by Type, Offering, End User Industry, and Geography - Global Forecast to 2023

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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Scope of the Report:

In this research report, the overall parcel sortation systems market has been segmented on the basis of type, offering, end-user industry, and geography.

By Offering

Hardware
- Processors
- Cameras
- Sensors
- Pressure sensors
- Analog flow sensors
- Displacement sensors
- Proximity sensors
- Optical sensors
- Diverters
- Electrical and mechanical components
- Displays
Software
Services

By Type

Linear Parcel Sortation Systems
- ARB sorters
- Linear/vertical belt sorters
- Pop-up/narrow belt sorters
- Shoe sorters
- Small parcel sorters
- Paddle sorters
- Pusher sorters
Loop Parcel Sortation Systems
- Cross-belt sorters (horizontal)
- Flat sorters/bomb bay sorters
- Tilt tray sorters

By End-User Industry

Logistics
- Courier
- Freight forwarding
- Postal services
- Storage and warehousing
E-Commerce
Airports
- International airports
- Domestic airports
Pharmaceuticals and Medical Supply
- Active pharmaceutical ingredient suppliers
- Drug manufacturers
- Distributors
Food & Beverages
- Unprocessed or minimally processed food
- Processed culinary ingredients
- Processed food
Others
- Footwear
- Apparel

By Geography

North America (the US, Canada, Mexico)
Europe (Germany, the UK, France, Russia, Rest of Europe)
APAC (China, South Korea, Japan, Australia, Rest of APAC)
RoW (the Middle East and Africa, South America)

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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Monday, 23 September 2019

SGS (Switzerland) and Bureau Veritas (France) are the Leading Players in the Pre-Shipment Inspection Market

The global pre-shipment inspection market is expected to increase from USD 11.60 Billion in 2018 to USD 14.83 Billion by 2023, at a CAGR of 5.04% between 2018 and 2023. Some of the key factors driving this market are the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities.

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Key players in the pre-shipment inspection market include SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and Cotecna (Switzerland), among others. Some of the major strategies adopted by these market players to compete in the pre-shipment inspection market were expansions, contracts, partnerships, and mergers and acquisitions. This market is evolving globally with the increasing competition to offer niche pre-shipment inspection services.

Leading players in the pre-shipment inspection market are as follows:

SGS Group is a Switzerland-based company that offers inspection, verification, testing, and certification services in APAC, the Americas, Europe, Africa, and the Middle East. The company operates in sectors including agricultural, minerals, oil and gas, and chemicals; life sciences; consumer testing; systems and services certification; industrials; environmental; automotive; and government and institution services. The company generated maximum revenue, which was nearly 44%, from the European, African, and the Middle Eastern regions as of 2016. Its strategically balanced portfolio reduces the business risks and enables it to tap opportunities in new and existing markets. In terms of key business strategies, SGS Group adopted the acquisition strategy in the pre-shipment inspection services. For instance, in July 2017, SGS announced the completion of its acquisition of Central Illinois Grain Inspection, Inc. (CIGI), a USDA-licensed agency inspecting grains and bi-products for export and domestic quality settlements with growers.

Bureau Veritas is a France-based company that delivers high-quality service solutions to companies in sectors such as oil and gas, food, and consumer goods to meet the growing challenges in terms of quality, safety, and environment protection. The company operates in regions such as Europe, APAC, and the Americas. The company adopted the strategy of service expansion. For instance, in May 2015, exporters have reconfirmed Bureau Veritas for 3 years for the delivery of verification services to Tanzania. Since May 1, Bureau Veritas provides PVOC services under this new phase of the program.

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Tuesday, 30 July 2019

Parcel sortation systems market | Logistics is expected to hold the largest share between 2018 and 2023

"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 projected 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 progress of the parcel sortation systems market is driven by growing labor costs, rising industrial automation, and growth in e-commerce.

Factors such as developing 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.

Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131502194

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.

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.

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

Monday, 15 April 2019

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.

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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.

About MarketsandMarkets™

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

Wednesday, 20 March 2019

Parcel Sortation Systems Market: Key insights on Major Players | Global Forecast to 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.

Parcel sortation systems offer a highly efficient and accurate means of routing, sorting, consolidating, and diverting a wide range of parcel types to unique destinations for the purposes of packaging, palletizing, storing, and shipping, among others. A parcel sortation system comprises several sub-components working together under the direction of a warehouse execution system or warehouse control system and machine controllers. Parcel sortation systems enable automated sorting of a parcel; parcel sortation can be done on the basis of several parameters, including size, volume, bar code reading, or fragility of the items in the parcel. Parcel sortation systems are used to sort parcels that differ in volumes, carrying pharmaceuticals, or other fragile products.

These systems also enable the next/same day delivery of parcels to consumers. Earlier, parcel sorting was done manually, which is time consuming and costly. Manual way of sorting parcels is prone to errors and is not an ideal solution to sort large volumes of parcels. Automated parcel sortation systems can sort large volumes of parcels efficiently and provide a long-term solution to end users. Moreover, these systems have a higher throughput capacity, provide higher cost benefits, and are a safer and more secure option to sort parcels. 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 creating huge growth opportunities for the players in the parcel sortation systems market.

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Among all end-user industries, the parcel sortation systems market for the e-commerce industry is expected to register 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.

Between the 2 types of parcel sortation systems, the market for loop parcel sortation systems is expected to grow at 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.

Among all offerings, the parcel sortation systems market for services is expected to grow at 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 regions, the parcel sortation systems market in APAC is expected to grow at the highest CAGR between 2018 and 2023. China, South Korea, and Australia are some of the prominent countries driving the growth of the parcel sortation systems market in this region. Increasing penetration of e-commerce and logistics companies and new airport construction projects in several countries in this region are driving the growth of the parcel sortation systems market in APAC.

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MarketsandMarkets™ INC.
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Wednesday, 21 March 2018

Pre-Shipment Inspection Market expected to be worth 14.83 Billion USD by 2023

According to the new research report "Pre-Shipment Inspection Market by Sourcing Type (In-House and Outsourced), EXIM (Export Goods, Import Goods), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals), and Geography - Global Forecast to 2023", the pre-shipment inspection market is expected to reach USD 14.83 Billion by 2023 from USD 11.60 Billion in 2018, growing at a CAGR of 5.04% between 2018 and 2023. The growth of this market is mainly driven by the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities.

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Export goods held a larger share of the pre-shipment inspection market in 2017

There has been an increase in the number of product recalls due to faulty components and parts. Such incidents are on the rise than ever before due to use of sub-standard parts and materials. Moreover, the electronics, capital goods, and luxury goods industries have to adhere to stringent quality standards, thereby increasing the need for pre-shipment inspection for export goods.

Pre-shipment inspection market for outsourced services is expected to grow at the highest CAGR during the forecast period

Many large firms are increasingly outsourcing pre-shipment inspection services because the increased regulations make it costly to conduct test in-house, thereby helping the firms to reduce the overall cost of inspection. The demand for outsourcing pre-shipment inspection services to third-party vendors is increasing for applications such as consumer goods and manufacturing owing to the capital-intensive nature of in-house pre-shipment inspection activities.

Consumer goods and retail application held the largest share of the pre-shipment inspection market in 2017

In the current highly regulated marketplace, manufacturing and retailing is no longer limited to producing and selling goods but also ensuring that the product follows thoroughly standardized processes and comply with international standards. Customers in the consumer goods and retail markets are more demanding and less predictable than ever before. Therefore, superior consumer understanding and thought leadership play a crucial role in engaging the customers.

Asia Pacific (APAC) accounted for the largest share of the pre-shipment inspection market in 2017

In the APAC region, China is a prominent exporter to several countries around the world; this factor has led to a rise in TIC services in the country to ensure compliance with international standards. The rising dominance of emerging Asian countries such as China and India in international trade would require them to produce goods complying with internationally accepted standards.

SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), and Cotecna (Switzerland) are the major players included in the report with their market share analysis. The report also covers various innovators involved in this market. Cayley Aerospace (US), Guangdong Inspection (China), Asia Quality Focus (Hong Kong), Solarbuyer (US), AIM Control Group (Vietnam) are a few innovators in the market.

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