The parcel sortation system market 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 thriving e-commerce industry and growing adoption of parcel sortation systems in the industry are major factors driving the growth of the global parcel sortation system market. Moreover, the rising demand for faster parcel delivery is also a key factor contributing to the market growth.
The major players in the parcel sortation system market with a significant global presence are Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France). The market players have adopted various strategies, such as developing advanced products, partnerships, contracts, expansions, and acquisitions, to strengthen their position in the parcel sortation system market. The organic and inorganic strategies have helped the market players expand globally by providing advanced solutions in the parcel sortation system market.
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Vanderlande offers several parcels sortation systems; these systems have applications in the retail and e-commerce, food & beverages, aerospace, transportation and logistics, manufacturing, and other industries. It has installed baggage handling systems at ~600 airports. The company’s parcels sortation systems move 3.7 billion luggage worldwide annually and sort more than 20 million parcels daily. Vanderlande offers its products and solutions with the help of its subsidiaries.
Beumer Group is among the frontrunners in the parcel sortation systems market. BEUMER is an international manufacturing leader in intralogistics in the fields of conveying, loading, palletizing, packaging, sortation, and distribution technology. BEUMER is a global player and serves various industries such as fashion, consumer goods, retail, cement, lime, gypsum, power plants, e-commerce chemical, fertilizer, mining, food & beverage, pharmaceutical, aviation, packaging, and parcel multimedia, and distribution. In addition to its material handling systems, the Beumer Group also provides comprehensive customer support, including maintenance, spare parts, and training services.
Honeywell International is a diversified technology and manufacturing company serving its customers worldwide. The company offers parcel sorting products through its Honeywell Intelligrated subsidiary. Honeywell Intelligrated offers intelligent automated material handling solutions that drive distribution and fulfillment productivity for retailers, manufacturers, and logistics providers across the world. The company designs, manufactures, integrates, and installs complete material handling automation solutions, including conveyors, IntelliSort sortations, Alvey palletizers, robotics and automated storage and retrieval systems. In addition, it offers warehouse execution systems, fulfilment technologies, labour management software, voice solutions, store solutions, and mobility and wireless software. Company focuses on providing parcel sorters suitable for applications in several industries, including retail, e-commerce, wholesale, food & beverages, consumer packaged goods, pharmaceuticals and medical supply, third-party logistics, and post and parcel.
Bastian Solutions is material handling and information system provider. Its product portfolio comprises conveyors, safety equipment, storage equipment, lift tables, industrial carts, ergonomic products, loading dock equipment, casters, industrial racks, and material handling spare parts & accessories. These products have applications in several industries, including e-commerce, manufacturing, aerospace, automotive, consumer goods, food & beverages, pharmaceuticals, and retail and apparel. Bastian Solutions has adopted product development as its key strategy to strengthen its presence in the parcel sortation systems market. In addition, the company focuses on expanding its presence globally. In line with this, the company announced the expansion of its AutoStore distribution territory in South America, Australia, New Zealand, and India.
Parcel Sortation System Market 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
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