Parcel Sortation Systems Market

Global Parcel Sortation Systems Market Size (2023 to 2028)

The global parcel sortation systems market size is expected to be worth USD 1.70 Billion in 2023. It is expected to grow at a CAGR of 9.6% during the forecast period and reach a value of USD 2.69 Billion by 2028.

Parcel sortation is a process that performs the sortation of products (goods, luggage, mail, etc.) that are about to be delivered in the parcel.

MARKET DRIVERS:

Technological advancements are one of the major factors propelling the growth of the parcel sortation systems market. These systems are integral parts of every warehousing and distribution center, which are willing to reduce the manual burdens of shipping & checking orders in the fulfillment operation. The rise in industrial transitions towards automation is a significant factor escalating the growth of the global parcel sortation systems market. Also, the increasing expenses of distribution overheads are another factor boosting the growth of the target market all around the world.

The rising adoption of E-Commerce and E-trading coupled with the growing number of internet users globally is further boosting the growth rate of the parcel sortation systems market. The surge in demand for IoT technologies is accelerating the development of the target market and will follow the same over the forecast period. The growing demand for these parcel sortation systems in warehouse management and the reduced prices of these systems are expected to create lucrative growth opportunities for the expansion of the players in the global parcel sortation systems market.

MARKET RESTRAINTS:

However, the higher costs that are involved in the maintenance of these systems, their initial investment, and the risk of data violation are the major restraints that are becoming the challenges for the growth of the global parcel sortation systems market. In addition, implementations of the regulations by numerous governments that are against the automation of industries are further hindering the market's growth.

REPORT COVERAGE:

This research report on the global parcel sortation systems market has been segmented and sub-segmented into the following categories.

Global Parcel Sortation Systems Market – By Type of System:

• 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

Global Parcel Sortation Systems Market – By Type of Offering:

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

 Global Parcel Sortation Systems Market – By End User Outlook:

• Logistics
  • Courier
  • Freight forwarding
  • Postal services
  • Storage & warehousing
• E-Commerce
• Airports
  • International Airports
  • Domestic Airports
• Pharmaceuticals & Medical Supply
  • Active pharmaceutical ingredient suppliers
  • Drug manufacturers
  • Distributors
• Food & Beverages
  • Unprocessed Or Minimally Processed Food
  • Processed Culinary Ingredients
  • Processed Food
• Footwear & Apparel

Global Parcel Sortation Systems Market - By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis of the global parcel sortation systems market, Europe's regional market held the major share of the target market in revenue. The major factors that are driving the growth of the target market in this area are the growing advancements in logistics and the presence of various major e-commerce companies in the locale. Also, the constant growth of advancements in logistics is attributed to the competition among players in this region. Moreover, the high availability of manufacturers and customers for the sortation systems is creating the demands and requirements for these systems in the European vicinity.

KEY MARKET PLAYERS:

The major players of the Parcel sortation systems market are Bastian Solutions, Equinox Mhe, Beumer Group, Dematic, Bowe Systec, Falcon Autotech, Fives, GBI Intralogistics, Intelligrated, Interroll, Intralox, Muratec, OCM SRL, Okura Yusoki, Pitney Bowes, Siemens

RECENT HAPPENINGS IN THE MARKET:

• Bastian Solutions, a technologically advanced logistics company that was owned by Toyota, has announced that it is becoming the global integrator for AutoStore, a company that manufactures automated storage and retrieval which are designed around the robotic shuttles that are widely used in the warehousing sector.
• Dematic, an intralogistics innovator and one of the major players in the Global Parcel Sortation Systems Market, was issued a patent covering the invention of the Autonomous Mobile Picking Unit by the US Patent Office.