Parcel Sortation Systems Market by Type Offering - Global Forecast 2023


Posted February 13, 2019 by poojapatange

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

 
The parcel sortation systems market is likely to be valued at USD 1.31 Billion in 2018 and is expected to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% between 2018 and 2023. The growth of the 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 creating huge growth opportunities for the players in the parcel sortation systems market.

The parcel sortation systems market has been segmented on the basis of type, offering, end-user industry, and geography. Linear parcel sortation systems held a larger share of the parcel sortation systems market in 2017. This can be attributed to the benefits offered by linear parcel sortation systems in terms of their higher throughput capacity and ability to sort different kinds of parcels. These factors make linear parcel sortation systems an ideal solution for end-user companies that deal in parcels of different shapes and sizes. Linear parcel sortation systems can be further classified into ARB sorters, linear/vertical belt sorters, pop-up/narrow belt sorters, shoe sorters, small parcel sorters, paddle sorters, and pusher sorters.

Among all offerings, the parcel sortation systems market for services is expected to register the highest CAGR between 2018 and 2023. Frequent servicing requirements, in terms of hardware and software upgrades or capacity expansion, is the major factor driving the growth of the parcel sortation systems market for services.

Among all end-user industry, the parcel sortation systems market for e-commerce is expected to grow at the highest CAGR between 2018 and 2023. The growth of the parcel sortation systems market for this industry can be attributed to the exponential increase in the number of parcels to be sorted and delivered to customers worldwide.

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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Issued By Puja
Country United States
Categories Electronics
Tags parcel sortation system market
Last Updated February 13, 2019