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.
Browse 67 market data Tables and 49 Figures spread through 160 Pages and in-depth TOC on "Parcel Sortation Systems Market - Global Forecast to 2023"
Early buyers will receive 10% customization on reports.
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).
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.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441