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.
Analog flow sensors
Electrical and mechanical components
Linear Parcel Sortation Systems
Linear/vertical belt sorters
Pop-up/narrow belt sorters
Small parcel sorters
Loop Parcel Sortation Systems
Cross-belt sorters (horizontal)
Flat sorters/bomb bay sorters
Tilt tray sorters
By End-User Industry
Storage and warehousing
Pharmaceuticals and Medical Supply
Active pharmaceutical ingredient suppliers
Food & Beverages
Unprocessed or minimally processed food
Processed culinary ingredients
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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