Parcel Sortation System Market

Parcel Sortation System Market Size, Share, Statistics and Industry Growth Analysis Report by Type (Activated Roller Belt Sorters, Pop Up Sorters, Shoe Sorters, Cross Belt Sorters, Tilt Tray Sorters), Offering (Hardware, Software, Services), Application (Logistics, E-commerce) - Global Forecast to 2028

Report Code: SE 6136 Jul, 2023, by marketsandmarkets.com

[236 Pages Report] The global Parcel Sortation System Market Size is estimated to be worth USD 2.0 Billion in 2023 and is projected to reach USD 2.8 Billion by 2028, at a CAGR of 7.0% during the forecast period.

The market is expanding due to several factors. Significantly growing e-commerce industry and growing adoption of parcel sortation system in industry, labor cost inflation and increase in industrial automation. Additionally, rising demand for faster delivery is driving the growth of the market.

Parcel Sortation System Market

Parcel Sortation System Market

Parcel Sortation System Market Forecast to 2028

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Parcel Sortation System Market Trends

Driver: Thriving e-commerce industry and growing adoption of parcel sortation system in the industry

E-commerce refers to the buying and selling of products and services over the internet, and it has experienced explosive growth in recent years. The demand for e-commerce is increasing worldwide. This is driving the parcel sortation systems market growth as there is an increasing need to sort and deliver a greater number of parcels. This growth can be attributed to various factors, including the increasing convenience and accessibility of online shopping, improved logistics and shipping networks, and a shift in consumer preferences towards digital platforms. According to the US Department of Commerce, e-commerce sales as a percentage of the total retail sales in the US have increased from USD 503.3 billion in 2019 to USD 856.8 billion in 2022, contributing 9% and 11.2%, respectively.

Restraint: Higher costs related to deployment and maintenance of parcel sortation systems

The expenses related to parcel sortation systems broadly include the initial capital expenditure for purchasing the sorting equipment, installation costs, ongoing maintenance, repairs, and upgrades. The set up and installation of parcel sortation systems requires high capital expenditure as it involves the installation of conveyors, actuators, and belts, among others. These costs can burden budgets and make it difficult for firms to justify the investment, especially for smaller organisations or those with limited resources. Depending on the sorting capacity of the overall system, the installation project cost can reach up to USD 2–5 million. The high costs discourage several midsized and small end users that opt for traditional/manual parcels sorting systems; this affects the overall demand for parcel sortation systems. Several companies abstain from investing in parcel sorting systems due to high initial investments and a long payback period.

Opportunity: Integration of emerging technologies like AI, Industry 4.0, IoT, with sorting systems

The evolution of traditional warehouses into smart, connected, and more efficient automated warehouses through integrating Industry 4.0 has provided huge growth opportunities for the companies in the parcel sortation systems market. The deployment of Industry 4.0-based systems creates an operational environment with optimal output through integrating, automating, and managing the logistic movement of goods inside a warehouse, a distribution center, or a fulfillment center. The increasing adoption of Industry 4.0-based systems necessitates transitioning traditional or manual ways of all operations in a supply chain, such as sorting, picking, and transporting, toward automation. This is expected to boost the adoption of parcel sortation systems.

The increasing adoption of Internet of Things (IoT) systems in the field of warehouse management and logistics is another trend expected to revolutionize manufacturing operations. IoT devices, along with radio-frequency identification (RFID) and sensors, offer several benefits in terms of reduced labor costs, increased shipment accuracy and operation speed, improved tracking, and enhanced visibility for retailers, among others. Moreover, Incorporating AI algorithms into parcel sortation systems can enable intelligent decision-making skills. The modular architecture of Industry 4.0 and IoT systems enables simple scaling, allowing greater package volumes and seamlessly expanding operations.

Challenge: Real-time technical issues during sortation

Real-time technical challenges related to any sensing element in a parcel sorting system could disrupt the entire sorting process. For instance, if the camera or sensor installed in a parcel sortation system is not able to read a barcode properly, it would not be able to react effectively to a given command. Camera or sensor failure can also lead to the halting of the process, resulting in a delay in the entire production process. Mechanical failure may also be the consequence of improper maintenance; it may cause decreased production and poor performance. Parcel sortation systems are designed to handle standard package sizes and shapes. However, irregularly shaped, or damaged parcels can pose challenges during sorting. Moreover, any fault in the control software may lead to the improper functioning of the parcel sortation system. Sorting errors can arise when parcels are routed incorrectly or directed to the wrong destination. This might occur as a result of technical flaws in the sorting mechanism, misalignment of diverters or conveyors, or faulty sensors that detect package qualities.

Parcel Sortation System Market Ecosystem

Parcel Sortation System Market by Ecosystem

Parcel Sortation System Market: Key Trends

Vanderlande,Beumer Group, Honeywell International, Bastian Solutions, and Fives are the top players in the parcel sortation system market. These parcel sortation system companies boast sortation technology trends with a comprehensive product portfolio and solid geographic footprint.

Loop parcel sortation system to grow with highest CAGR during the forecast period 2023-2028.

Loop or circular parcel sorters are used to sort parcels or cartons in facilities with space constraints or challenging layouts. These sorters can handle tight-radius curves as well as inclines and declines, thereby maximizing space utilization. Parcel induction points and sortation destinations can be arranged in several ways enabling users to utilize space better and achieve optimal sortation system performance. Moreover,the Loop Parcel Sortation System can seamlessly integrate with existing warehouse management systems, allowing for streamlined operations and real-time tracking of parcels. This integration enables efficient inventory management, order fulfillment, and enhanced visibility throughout the supply chain.

Logistics application of parcel sortation system to account for the largest share in the market during forecast period.

The rising demand for faster delivery is a key driver for the expansion of the Logistics application market. Logistics companies are facing challenges in terms of delivery of parcels, such as increasing volume of parcels or cartons, growing pressure to meet service level demands, shorter order delivery time, smaller orders, and rising need to provide accuracy in terms of order delivery. These all challenges can be resolved by adoptiong the parcel sortation systems. These systems ensure precise and effective parcel routing by automating the sorting procedure. They identify and sort parcels according to their destination, size, weight, or other specifications by scanning barcodes or using cutting-edge technology like optical character recognition. These companies use parcel sortation systems to expedite the delivery of parcels to their respective destinations while maintaining a high level of customer service.

Software segment to grow with a highest CAGR in the market during forecast period

Software in a parcel sortation system is used for analyzing the data about a parcel’s parameters generated via sensors and cameras. It is also used to make logical reasoning to sort packages and forward them to their respective destinations, through diverters and conveyor systems, It enables automation, tracking, and coordination of various components within the system, ensuring smooth package flow, accurate sorting, and real-time monitoring. Earlier, companies used historical data for decision making and sorting; however, with the adoption of Industry 4.0 and IoT applications, a large volume of data is generated to make decisions through the software installed in the parcel sortation systems.

North America held the largest share of the parcel sortation system market in 2022.

The parcel sortation market in North America is a rapidly growing market for the logistics and e-commerce industries. North America, comprising countries like the US and Canada, has a robust and highly developed logistics infrastructure, propelling the demand for efficient parcel sortation systems. North America also has a thriving logistics industry driven by critical factors such as extensive supply chains and warehousing and distribution networks. Parcel sortation systems play a crucial role in optimizing the flow of packages through these complex logistics networks and ensuring accurate and timely deliveries.

Parcel Sortation System Market by Region

Parcel Sortation System Market Statistics by Region

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Key Market Players

The major companies in the parcel sortation system market include Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the parcel sortation system companies.

Parcel Sortation System Market Report Scope:

Report Metric

Details

Estimated Market Size in 2023

USD 2.0 Billion

Projected Market Size in 2028

USD 2.8 Billion

Growth Rate

CAGR of 7.0%

Years Considered

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

Value (USD million/billion)

Segments Covered

Offering, Type, and Application

Regions covered

North America, Asia Pacific, Europe, and Rest of the World

Companies covered

Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France).
A total of 25 players are covered.

Parcel Sortation System Market Highlights

In this report, the overall parcel sortation system market has been segmented based on offering, type, application, and region.

Segment

Subsegment

By Offering

  • Hardware
  • Software
  • Services

By Type

  • Linear Parcel Sortation Systems
    • Activated Roller Belt Sorters
    • Pop Up Sorters
    • Shoe Sorters
    • Paddle Sorters
    • Pusher Sorters
    • Others
  • Loop Parcel Sortation System
    • Cross Belt Sorters
    • Flat Sorters
    • Tilt Tray Sorters
  • Others

By Application

  • Logistics
  • E-commerce
  • Airports
  • Pharmaceuticals & Medical Supply
  • Food & Beverage
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Rest of the World
    • Middle East
      • Saudi Arabia
      • UAE
      • Rest of Middle East
    • Africa
    • South America

Recent Developments

  • In March 2022, Vanderlande has announce a new automated piece picking robot as an addition to its smart item robotics (SIR) portfolio of technologies, which fits with Vanderlande’s strategy of accelerating the use of robotics for warehousing.
  • In December 2021, Beumer Group has introduced a new type of small- and medium sized parcels sortation system into operation.
  • In May 2021, Fives launched website for  Smart Automation Solution. The new site, which replaces the previous Automation and Intralogistics pages, emphasises the Division's capacity to deliver a comprehensive offering for all markets.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS AND EXCLUSIONS 
    1.4 STUDY SCOPE 
           1.4.1 MARKETS COVERED
                    FIGURE 1 PARCEL SORTATION SYSTEM MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA 
           FIGURE 2 PARCEL SORTATION SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up analysis
                               FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using bottom-up analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED BY KEY PLAYERS FROM PARCEL SORTATION SYSTEMS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON PARCEL SORTATION SYSTEM MARKET 
    2.6 LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 45)
    FIGURE 7 PARCEL SORTATION SYSTEM MARKET, 2019−2028 (USD MILLION)
    FIGURE 8 LINEAR PARCEL SORTATION SYSTEMS SEGMENT HELD LARGER MARKET SHARE IN 2022
    FIGURE 9 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
    FIGURE 10 LOGISTICS SEGMENT CAPTURED LARGEST MARKET SIZE IN 2022
    FIGURE 11 NORTH AMERICA ACCOUNTED FOR LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN MARKET 
           FIGURE 12 RISING AUTOMATION IN LOGISTICS AND E-COMMERCE INDUSTRIES TO SUPPORT MARKET GROWTH
    4.2 PARCEL SORTATION SYSTEM MARKET, BY OFFERING 
           FIGURE 13 HARDWARE SEGMENT ACCOUNTED FOR LARGEST MARKET SIZE IN 2022
    4.3 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY TYPE 
           FIGURE 14 SHOE SORTERS TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
    4.4 PARCEL SORTATION SYSTEM MARKET, BY APPLICATION 
           FIGURE 15 LOGISTICS SEGMENT TO CAPTURE LARGEST SHARE OF MARKET IN 2023
    4.5 PARCEL SORTATION SYSTEM MARKET, BY REGION 
           FIGURE 16 CHINA TO REGISTER HIGHEST CAGR IN MARKET DURING 2023−2028
 
5 MARKET OVERVIEW (Page No. - 52)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 PARCEL SORTATION SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Labor cost inflation and increase in industrial automation
                               FIGURE 18 CHANGES IN LABOR COSTS BETWEEN 2015 AND 2022, BY REGION
                    5.2.1.2 Thriving e-commerce industry and subsequent rise in adoption of parcel sortation systems
                               FIGURE 19 E-COMMERCE SALES AS PERCENTAGE OF TOTAL RETAIL SALES IN US, 2019–2022
                               TABLE 1 TOP 10 COUNTRIES IN TERMS OF E-COMMERCE CONTRIBUTION TO GDP IN 2022
                    5.2.1.3 Rising demand for faster parcel delivery
                               FIGURE 20 IMPACT ANALYSIS OF DRIVERS AND OPPORTUNITIES ON MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 High costs related to deployment and maintenance of parcel sortation systems
                               FIGURE 21 IMPACT ANALYSIS OF RESTRAINTS AND CHALLENGES ON MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Emerging application areas of parcel sorting systems
                    5.2.3.2 Integration of emerging technologies, such as AI, Industry 4.0, and IoT, with sorting systems
           5.2.4 CHALLENGES
                    5.2.4.1 Real-time technical issues during sortation
                    5.2.4.2 Requirement for high initial investments
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 22 MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM MAPPING 
           TABLE 2 PARCEL SORTATION SYSTEM MARKET: ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 23 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN MARKET
    5.6 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 24 MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 3 MARKET: PORTER’S FIVE FORCES ANALYSIS
    5.7 CASE STUDY ANALYSIS 
           TABLE 4 UPS DEVELOPED ORION SYSTEM TO IMPROVE ROUTE PLANNING AND PACKAGE SORTING PROCESSES
           TABLE 5 ZALANDO USES FERAG’S PARCEL SORTATION SYSTEM IN ITS DISTRIBUTION CENTERS
           TABLE 6 MARKET ASSESSMENT FOR OPTIMIZING REVERSE LOGISTICS THROUGH PARCEL SORTATION
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 PREDICTIVE ANALYTICS
           5.8.2 INTERNET OF THINGS
           5.8.3 INDUSTRY 4.0
           5.8.4 MACHINE LEARNING
    5.9 PRICING ANALYSIS 
           5.9.1 AVERAGE SELLING PRICE (ASP) TREND
                    TABLE 7 AVERAGE SELLING PRICE OF VARIOUS TYPES OF PARCEL SORTATION SYSTEMS
                    TABLE 8 AVERAGE SELLING PRICE OF PARCEL SORTATION SYSTEMS, BY REGION
                    FIGURE 25 AVERAGE SELLING PRICE OF PARCEL SORTATION SYSTEMS, 2019−2028
           5.9.2 PRICING ANALYSIS OF PRODUCTS OFFERED BY KEY PLAYERS
                    FIGURE 26 AVERAGE SELLING PRICE OF PARCEL SORTATION SYSTEMS, BY RUNNING SPEED
                    TABLE 9 APPROXIMATE AVERAGE SELLING PRICE OF PARCEL SORTATION SYSTEMS, BY RUNNING SPEED
    5.1 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
           5.10.2 BUYING CRITERIA
                    FIGURE 28 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 11 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.11 TRADE ANALYSIS 
           5.11.1 IMPORT SCENARIO
                    FIGURE 29 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8437, BY KEY COUNTRY, 2018–2022 (USD MILLION)
           5.11.2 EXPORT SCENARIO
                    FIGURE 30 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8437, BY KEY COUNTRY, 2018–2022 (USD MILLION)
    5.12 KEY CONFERENCES AND EVENTS, 2022–2025 
           TABLE 12 PARCEL SORTATION SYSTEM MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.13 PATENT ANALYSIS 
           FIGURE 31 TOP 10 COMPANIES/INSTITUTIONS WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 13 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 32 NUMBER OF PATENTS GRANTED EVERY YEAR, 2013–2022
           TABLE 14 LIST OF KEY PATENTS IN MARKET, 2021–2023
    5.14 REGULATORY LANDSCAPE 
           5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.14.2 STANDARDS AND REGULATIONS RELATED TO MARKET
           5.14.3 SAFETY STANDARDS FOR PARCEL SORTATION SYSTEMS
                    TABLE 18 MAJOR SAFETY STANDARDS
 
6 TRENDS IMPACTING PARCEL SORTATION SYSTEM MARKET (Page No. - 83)
    6.1 INTRODUCTION 
    6.2 AUTOMATION AND ROBOTICS 
    6.3 MODULAR AND SCALABLE SYSTEMS 
    6.4 REAL-TIME TRACKING AND TRACEABILITY 
    6.5 INTEGRATION WITH LAST-MILE DELIVERY 
    6.6 SUSTAINABLE SOLUTIONS 
    6.7 ARTIFICIAL INTELLIGENCE (AI) OPTIMIZATION 
 
7 PARCEL SORTATION SYSTEM MARKET, BY OFFERING (Page No. - 86)
    7.1 INTRODUCTION 
           FIGURE 33 MARKET, BY OFFERING
           FIGURE 34 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
           TABLE 19 MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           TABLE 20 MARKET, BY OFFERING, 2023–2028 (USD MILLION)
    7.2 HARDWARE 
           7.2.1 PROCESSORS
                    7.2.1.1 Help in data processing and coordination of components
           7.2.2 CAMERAS
                    7.2.2.1 Used to capture images of parcels from different angles
           7.2.3 SENSORS
                    7.2.3.1 Used to extract information about parcels and make decisions based on that data
           7.2.4 DIVERTERS
                    7.2.4.1 Separate single parcel from streams of parcels
           7.2.5 OTHERS
                    TABLE 21 HARDWARE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 22 HARDWARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.3 SOFTWARE 
           7.3.1 MAKES DECISIONS BY ANALYZING COLLECTED DATA
                    TABLE 23 SOFTWARE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 24 SOFTWARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    7.4 SERVICES 
           7.4.1 INCLUDE MAINTENANCE AND UPGRADES
                    TABLE 25 SERVICES: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 26 SERVICES: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
8 PARCEL SORTATION SYSTEM MARKET, BY TYPE (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 35 MARKET, BY TYPE
           FIGURE 36 LOOP PARCEL SORTATION SYSTEMS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 27 MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 28 MARKET, BY TYPE, 2023–2028 (USD MILLION)
    8.2 LINEAR PARCEL SORTATION SYSTEMS 
           TABLE 29 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 30 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 31 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 32 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 33 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 34 LINEAR PARCEL SORTATION SYSTEMS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.2.1 ACTIVATED ROLLER BELT SORTERS
                    8.2.1.1 Ideal for installation at warehouses with space constraints
           8.2.2 POP UP SORTERS
                    8.2.2.1 Ensure safe handling of delicate items
           8.2.3 SHOE SORTERS
                    8.2.3.1 Used to sort fragile products that require smooth, gentle movement
           8.2.4 PADDLE SORTERS
                    8.2.4.1 Ideal for difficult-to-sort parcels
           8.2.5 PUSHER SORTERS
                    8.2.5.1 Ideal for applications in warehouses with space constraints
           8.2.6 OTHERS
    8.3 LOOP PARCEL SORTATION SYSTEMS 
           TABLE 35 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 36 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 37 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 38 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 39 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 40 LOOP PARCEL SORTATION SYSTEMS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           8.3.1 CROSS BELT SORTERS
                    8.3.1.1 Versatile and efficient solutions for parcel sorting
           8.3.2 FLAT SORTERS
                    8.3.2.1 Used for parcel sorting applications by mid-sized and small end users
           8.3.3 TILT TRAY SORTERS
                    8.3.3.1 Easy-to-use sortation systems used in small warehouses and distribution centers
    8.4 OTHERS 
           TABLE 41 OTHERS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 42 OTHERS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
           TABLE 43 OTHERS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 44 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
9 PARCEL SORTATION SYSTEM MARKET, BY APPLICATION (Page No. - 106)
    9.1 INTRODUCTION 
           FIGURE 37 MARKET, BY APPLICATION
           FIGURE 38 E-COMMERCE SEGMENT TO REGISTER HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
           TABLE 45 MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 46 MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 LOGISTICS 
           TABLE 47 LOGISTICS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 48 LOGISTICS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 49 LOGISTICS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 50 LOGISTICS: MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.2.1 COURIER
                    9.2.1.1 Courier companies prime end users of parcel sortation systems
           9.2.2 FREIGHT FORWARDING
                    9.2.2.1 Parcel sortation systems used by freight forwarding companies to distribute goods and products effectively
           9.2.3 POSTAL SERVICES
                    9.2.3.1 Substantial adoption of parcel sortation systems in postal services to handle increasing volume of parcels
           9.2.4 STORAGE AND WAREHOUSING
                    9.2.4.1 Use parcel sortation systems to streamline operations and expedite delivery process
    9.3 E-COMMERCE 
           9.3.1 RAPID GROWTH OF E-COMMERCE INDUSTRY TO SUPPORT MARKET GROWTH
                    FIGURE 39 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF PARCEL SORTATION SYSTEM MARKET FOR E-COMMERCE DURING FORECAST PERIOD
                    TABLE 51 E-COMMERCE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 52 E-COMMERCE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 53 E-COMMERCE: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 54 E-COMMERCE: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.4 AIRPORTS 
           9.4.1 RISING AIR CARGO TRANSPORTATION TO DRIVE MARKET
                    TABLE 55 AIRPORTS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 56 AIRPORTS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 57 AIRPORTS: MARKET, BY REGION, 2019–2022 (USD MILLION)
                    TABLE 58 AIRPORTS: MARKET, BY REGION, 2023–2028 (USD MILLION)
    9.5 PHARMACEUTICAL AND MEDICAL SUPPLY 
           FIGURE 40 LOOP PARCEL SORTATION SYSTEMS TO ACCOUNT FOR LARGEST SIZE OF MARKET FOR PHARMACEUTICAL & MEDICAL SUPPLY FROM 2023−2028
           TABLE 59 PHARMACEUTICAL & MEDICAL SUPPLY: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 60 PHARMACEUTICAL & MEDICAL SUPPLY: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 61 PHARMACEUTICAL & MEDICAL SUPPLY: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 62 PHARMACEUTICAL & MEDICAL SUPPLY: MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.5.1 ACTIVE PHARMACEUTICAL INGREDIENT SUPPLIERS
                    9.5.1.1 Use parcel sortation systems to improve efficiency in API manufacturing
           9.5.2 DRUG MANUFACTURERS
                    9.5.2.1 Use parcel sortation systems to speed up drug distribution
           9.5.3 DISTRIBUTORS
                    9.5.3.1 Accelerate pharmaceutical and medical supplies with parcel sortation systems
    9.6 FOOD & BEVERAGE 
           TABLE 63 FOOD & BEVERAGE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 64 FOOD & BEVERAGE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 65 FOOD & BEVERAGE: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 66 FOOD & BEVERAGE: MARKET, BY REGION, 2023–2028 (USD MILLION)
           9.6.1 UNPROCESSED OR MINIMALLY PROCESSED FOOD
                    9.6.1.1 Parcel sortation systems used to optimize supply chain of unprocessed or minimally processed food items
           9.6.2 PROCESSED FOOD
                    9.6.2.1 Parcel sortation systems used to examine and sort eatables before dispatch
    9.7 OTHERS 
           TABLE 67 OTHERS: MARKET, BY TYPE, 2019–2022 (USD MILLION)
           TABLE 68 OTHERS: MARKET, BY TYPE, 2023–2028 (USD MILLION)
           TABLE 69 OTHERS: MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 70 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
 
10 PARCEL SORTATION SYSTEM MARKET, BY REGION (Page No. - 124)
     10.1 INTRODUCTION 
             FIGURE 41 MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2023 TO 2028
             TABLE 71 MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 72 MARKET, BY REGION, 2023–2028 (USD MILLION)
     10.2 NORTH AMERICA 
             10.2.1 NORTH AMERICA: RECESSION IMPACT
                        FIGURE 42 NORTH AMERICA: MARKET SNAPSHOT
                        TABLE 73 NORTH AMERICA: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 74 NORTH AMERICA: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 75 NORTH AMERICA: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 76 NORTH AMERICA: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 77 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 78 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 79 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 80 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.2.2 US
                        10.2.2.1 Thriving e-commerce and logistics industries to drive market
             10.2.3 CANADA
                        10.2.3.1 Presence of logistics and e-commerce companies to favor market growth
             10.2.4 MEXICO
                        10.2.4.1 Entry of prominent logistics and food and beverage companies to create opportunities for market players
     10.3 EUROPE 
             10.3.1 EUROPE: RECESSION IMPACT
                        FIGURE 43 EUROPE: PARCEL SORTATION SYSTEM MARKET SNAPSHOT
                        TABLE 81 EUROPE: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 82 EUROPE: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 83 EUROPE: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 84 EUROPE: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 85 EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 86 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 87 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 88 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.3.2 GERMANY
                        10.3.2.1 Rising demand from e-commerce industry to support market growth
             10.3.3 UK
                        10.3.3.1 Growing adoption of automation solutions in warehouses to create conducive environment for market growth
             10.3.4 FRANCE
                        10.3.4.1 Increasing adoption of AI and Industry 4.0 in industrial sector to support market growth
             10.3.5 REST OF EUROPE
     10.4 ASIA PACIFIC 
             10.4.1 ASIA PACIFIC: RECESSION IMPACT
                        FIGURE 44 ASIA PACIFIC: PARCEL SORTATION SYSTEM MARKET SNAPSHOT
                        TABLE 89 ASIA PACIFIC: MARKET, BY OFFERING, 2019–2022 (USD MILLION)
                        TABLE 90 ASIA PACIFIC: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
                        TABLE 91 ASIA PACIFIC: MARKET, BY TYPE, 2019–2022 (USD MILLION)
                        TABLE 92 ASIA PACIFIC: MARKET, BY TYPE, 2023–2028 (USD MILLION)
                        TABLE 93 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 94 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 95 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 96 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             10.4.2 CHINA
                        10.4.2.1 Growing e-commerce industry and presence of key market players to drive market
             10.4.3 SOUTH KOREA
                        10.4.3.1 Growing number of pharmaceutical and medical supply, food & beverage, and logistics companies to drive market
             10.4.4 JAPAN
                        10.4.4.1 Presence of prominent parcel sortation system providers to boost market
             10.4.5 REST OF ASIA PACIFIC
     10.5 REST OF THE WORLD (ROW) 
             TABLE 97 REST OF THE WORLD: PARCEL SORTATION SYSTEM MARKET, BY OFFERING, 2019–2022 (USD MILLION)
             TABLE 98 REST OF THE WORLD: MARKET, BY OFFERING, 2023–2028 (USD MILLION)
             TABLE 99 REST OF THE WORLD: MARKET, BY TYPE, 2019–2022 (USD MILLION)
             TABLE 100 REST OF THE WORLD: MARKET, BY TYPE, 2023–2028 (USD MILLION)
             TABLE 101 REST OF THE WORLD: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 102 REST OF THE WORLD: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             TABLE 103 REST OF THE WORLD: MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 104 REST OF THE WORLD: MARKET, BY REGION, 2023–2028 (USD MILLION)
             10.5.1 SOUTH AMERICA
                        10.5.1.1 Automation of food processing facilities to induce demand for parcel sortation systems
             10.5.2 MIDDLE EAST
                        TABLE 105 MIDDLE EAST: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 106 MIDDLE EAST: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
                        10.5.2.1 Saudi Arabia
                                     10.5.2.1.1 Growing investments in parcel sortation systems by logistics companies to support market growth
                        10.5.2.2 UAE
                                     10.5.2.2.1 Demand from pharmaceuticals and food & beverages industries to create growth opportunities for market players
                        10.5.2.3 Rest of Middle East
             10.5.3 AFRICA
                        10.5.3.1 High focus on warehouse automation to accelerate market growth
 
11 COMPETITIVE LANDSCAPE (Page No. - 147)
     11.1 OVERVIEW 
     11.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 107 OVERVIEW OF STRATEGIES ADOPTED BY PARCEL SORTATION SYSTEM VENDORS
     11.3 REVENUE ANALYSIS OF TOP COMPANIES 
             FIGURE 45 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN PARCEL SORTATION SYSTEM MARKET
     11.4 MARKET SHARE ANALYSIS 
             TABLE 108 MARKET SHARE ANALYSIS, 2022
             FIGURE 46 MARKET: SHARE OF KEY PLAYERS
     11.5 COMPANY EVALUATION MATRIX 
             11.5.1 STARS
             11.5.2 EMERGING LEADERS
             11.5.3 PERVASIVE PLAYERS
             11.5.4 PARTICIPANTS
                        FIGURE 47 MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2022
     11.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 48 MARKET (GLOBAL): SMES EVALUATION MATRIX, 2022
     11.7 PARCEL SORTATION SYSTEM MARKET: COMPANY FOOTPRINT 
             TABLE 109 COMPANY FOOTPRINT
             TABLE 110 TYPE: COMPANY FOOTPRINT
             TABLE 111 APPLICATION: COMPANY FOOTPRINT
             TABLE 112 REGION: COMPANY FOOTPRINT
     11.8 COMPETITIVE BENCHMARKING 
             TABLE 113 MARKET: LIST OF KEYS STARTUPS/SMES
             TABLE 114 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     11.9 COMPETITIVE SCENARIOS AND TRENDS 
             TABLE 115 MARKET: PRODUCT LAUNCHES, 2021−2022
             TABLE 116 MARKET: DEALS, 2021−2022
             TABLE 117 MARKET: OTHERS, 2022
 
12 COMPANY PROFILES (Page No. - 163)
     12.1 KEY PLAYERS 
(Business overview, Products offered, Recent Developments, MNM view)*  
             12.1.1 VANDERLANDE
                        TABLE 118 VANDERLANDE: BUSINESS OVERVIEW
                        FIGURE 49 VANDERLANDE: COMPANY SNAPSHOT
                        TABLE 119 VANDERLANDE: PRODUCT OFFERINGS
                        TABLE 120 VANDERLANDE: PRODUCT LAUNCHES AND DEVELOPMENTS
             12.1.2 BEUMER GROUP
                        TABLE 121 BEUMER GROUP: BUSINESS OVERVIEW
                        TABLE 122 BEUMER GROUP: PRODUCT OFFERINGS
                        TABLE 123 BEUMER GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 124 BEUMER GROUP: DEALS
             12.1.3 HONEYWELL INTERNATIONAL
                        TABLE 125 HONEYWELL INTERNATIONAL: BUSINESS OVERVIEW
                        FIGURE 50 HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
                        TABLE 126 HONEYWELL INTERNATIONAL: PRODUCT OFFERINGS
             12.1.4 BASTIAN SOLUTIONS
                        TABLE 127 BASTIAN SOLUTIONS: BUSINESS OVERVIEW
                        TABLE 128 BASTIAN SOLUTIONS: PRODUCT OFFERINGS
                        TABLE 129 BASTIAN SOLUTIONS: DEALS
             12.1.5 FIVES
                        TABLE 130 FIVES: BUSINESS OVERVIEW
                        FIGURE 51 FIVES: COMPANY SNAPSHOT
                        TABLE 131 FIVES: PRODUCT OFFERINGS
                        TABLE 132 FIVES: PRODUCT LAUNCHES AND DEVELOPMENTS
                        TABLE 133 FIVES: DEALS
                        TABLE 134 FIVES: OTHERS
             12.1.6 SIEMENS
                        TABLE 135 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 52 SIEMENS: COMPANY SNAPSHOT
                        TABLE 136 SIEMENS: PRODUCT OFFERINGS
                        TABLE 137 SIEMENS: PRODUCT LAUNCHES AND DEVELOPMENTS
             12.1.7 DEMATIC
                        TABLE 138 DEMATIC: BUSINESS OVERVIEW
                        TABLE 139 DEMATIC: PRODUCT OFFERINGS
             12.1.8 INTERROLL
                        TABLE 140 INTERROLL: BUSINESS OVERVIEW
                        FIGURE 53 INTERROLL: COMPANY SNAPSHOT
                        TABLE 141 INTERROLL: PRODUCT OFFERINGS
             12.1.9 INVATA INTRALOGISTICS
                        TABLE 142 INVATA: BUSINESS OVERVIEW
                        TABLE 143 INVATA: PRODUCT OFFERINGS
             12.1.10 MURATA MACHINERY
                        TABLE 144 MURATA MACHINERY: BUSINESS OVERVIEW
                        FIGURE 54 MURATA MACHINERY: COMPANY SNAPSHOT
                        TABLE 145 MURATA MACHINERY: PRODUCT OFFERINGS
                        TABLE 146 MURATA MACHINERY: OTHERS
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.   
     12.2 OTHER PLAYERS 
             12.2.1 AMH MATERIAL HANDLING
                        TABLE 147 AMH MATERIAL HANDLING: COMPANY OVERVIEW
             12.2.2 ATMOS
                        TABLE 148 ATMOS: COMPANY OVERVIEW
             12.2.3 BOWE SYSTEC
                        TABLE 149 BOWE SYSTEC: COMPANY OVERVIEW
             12.2.4 CONVEYCO
                        TABLE 150 CONVEYCO: COMPANY OVERVIEW
             12.2.5 DORNER
                        TABLE 151 DORNER: COMPANY OVERVIEW
             12.2.6 EQUINOX MHE
                        TABLE 152 EQUINOX MHE: COMPANY OVERVIEW
             12.2.7 EUROSORT
                        TABLE 153 EUROSORT: COMPANY OVERVIEW
             12.2.8 FALCON AUTOTECH
                        TABLE 154 FALCON AUTOTECH: COMPANY OVERVIEW
             12.2.9 ICONVEY
                        TABLE 155 ICONVEY: COMPANY OVERVIEW
             12.2.10 INTRALOX
                        TABLE 156 INTRALOX: COMPANY OVERVIEW
             12.2.11 KNAPP
                        TABLE 157 KNAPP: COMPANY OVERVIEW
             12.2.12 OKURA YUSOKI
                        TABLE 158 OKURA YUSOKI: COMPANY OVERVIEW
             12.2.13 PITNEY BOWES
                        TABLE 159 PITNEY BOWES: COMPANY OVERVIEW
             12.2.14 SOLYSTIC
                        TABLE 160 SOLYSTIC: COMPANY OVERVIEW
             12.2.15 VIASTORE SYSTEMS
                        TABLE 161 VIASTORE: COMPANY OVERVIEW
 
13 ADJACENT MARKET (Page No. - 215)
     13.1 ASRS MARKET 
     13.2 INTRODUCTION 
             FIGURE 55 ASRS MARKET, BY TYPE
             FIGURE 56 UNIT LOAD SEGMENT HELD LARGEST SHARE OF ASRS MARKET IN 2022
             TABLE 162 ASRS MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 163 ASRS MARKET, BY TYPE, 2022–2027 (USD MILLION)
     13.3 UNIT LOAD 
             13.3.1 OFFERS UNIQUE OPERATIONAL, SECURITY, AND PRODUCTIVITY BENEFITS
                        TABLE 164 UNIT LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 165 UNIT LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
                        TABLE 166 UNIT LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 167 UNIT LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.4 MINI LOAD 
             13.4.1 PROVIDES HIGH-DENSITY OPERATIONS, RAPID ACCELERATION, AND HIGH-SPEED MOVEMENT ON THREE-DIMENSIONAL AXIS
                        TABLE 168 MINI LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 169 MINI LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
                        TABLE 170 MINI LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 171 MINI LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.5 VERTICAL LIFT MODULE (VLM) 
             13.5.1 OFFERS ADVANTAGES OF GREATER ACCURACY AND EFFICIENT SPACE UTILIZATION
                        TABLE 172 VLM: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 173 VLM: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
                        FIGURE 57 ASIA PACIFIC TO HOLD LARGEST SHARE OF ASRS MARKET FOR VLM DURING FORECAST PERIOD
                        TABLE 174 VLM: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 175 VLM: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.6 CAROUSEL 
             13.6.1 VERTICAL CAROUSEL
                        13.6.1.1 Helps to save floor space
             13.6.2 HORIZONTAL CAROUSEL
                        13.6.2.1 Ensures effective storage and retrieval processes
                                     TABLE 176 CAROUSEL: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                                     TABLE 177 CAROUSEL: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
                                     TABLE 178 CAROUSEL: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)
                                     TABLE 179 CAROUSEL: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)
     13.7 MID LOAD 
             13.7.1 HIGHLY FLEXIBLE SOLUTION THAT CAN AUTOMATE NEW OR EXISTING PROCESSES
                        TABLE 180 MID LOAD: ASRS MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                        TABLE 181 MID LOAD: ASRS MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
                        TABLE 182 MID LOAD: ASRS MARKET, BY REGION, 2018–2021 (USD MILLION)
                        TABLE 183 MID LOAD: ASRS MARKET, BY REGION, 2022–2027 (USD MILLION)
 
14 APPENDIX (Page No. - 230)
     14.1 INSIGHTS FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
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The study involves four major activities that estimate the size of the parcel sortation system market. Exhaustive secondary research was conducted to collect information related to the market. Following this was validating these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the parcel sortation system market. Subsequently, market breakdown and data triangulation procedures were used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data were collected and analyzed to estimate the overall market size, further validated by primary research.

Primary Research

In the primary research process, numerous sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information about this report. The primary sources from the supply-side included various industry experts such as Chief X Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from parcel sortation system providers, such as Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France).; research organizations, distributors, professional and managed service providers, industry associations, and key opinion leaders. Approximately 25% of the primary interviews were conducted with the demand side and 75% with the supply side. These data were collected mainly through questionnaires, emails, and telephonic interviews, accounting for 80% of the primary interviews.

Parcel Sortation System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the parcel sortation system market and other dependent submarkets listed in this report.

  • The key players in the industry and markets were identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Market Size Estimation Methodology-Bottom-up Approach

Parcel Sortation System Market Size, and Bottom-up Approach

Market Size Estimation Methodology-Top-Down Approach

Parcel Sortation System Market Size, and Top-Down Approach

Data Triangulation

After estimating the overall market size, the total market was split into several segments. The market breakdown and data triangulation procedures were employed wherever applicable to complete the overall market engineering process and gauge exact statistics for all segments. The data were triangulated by studying various factors and trends from both the demand and supply sides. The market was also validated using both top-down and bottom-up approaches.

Market Definition

A parcel sortation system is an automated system used by logistics companies and shipping carriers to automate the sorting and routing of parcels or packages. This system helps to efficiently process large parcels and ensure timely delivery to the intended destinations. A parcel sortation system comprises several sub-components working together under the direction of a warehouse management system or warehouse control system and machine controllers. It enables automated parcel sorting, which can be done based on several parameters, including size, volume, bar code reading, or fragility of the items in the parcel.

Key Stakeholders

  • Government bodies and policymakers
  • Industry organizations, forums, alliances, and associations
  • Market research and consulting firms
  • Raw material suppliers and distributors
  • Research institutes and organizations
  • Original equipment manufacturers (OEMs) of parcel sortation systems
  • Traders and suppliers
  • Parcel sortation system manufacturers
  • Engineering and manufacturing companies
  • E-commerce and retail companies
  • Logistic companies
  • Airports
  • Pharmaceuticals and medical suppliers
  • Retail service providers
  • Research organizations and consulting companies
  • Technology investors
  • Technology standard organizations, forums, alliances, and associations
  • Associations and industrial bodies

The main objectives of this study are as follows:

  • To define, describe, and forecast the global parcel sortation system market, based on type, offering, application, and region, in terms of value
  • To forecast the market size, in terms of value, for various segments with respect to four main regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the major drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the probable impact of the recession on the market in the future
  • To provide a comprehensive overview of the value chain of the parcel sortation system ecosystem
  • To profile the key players and comprehensively analyze their market rankings and core competencies2
  • To analyze the competitive developments such as contracts, expansions, partnerships, and product launches in the parcel sortation system market
  • To analyze the opportunities in the market for various stakeholders by identifying
    the high-growth segments of the parcel sortation system market and provide a detailed competitive landscape for the market players

Available Customizations:

With the given market data, MarketsandMarkets offer customizations according to the specific requirements of companies. The following customization options are available for the report:

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Company Information:

  • Detailed analysis and profiling of different market players (up to five)
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We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 6136
Published ON
Jul, 2023
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