Global Parcel Sortation Systems Market Growth (Status and Outlook) 2023-2029

Global Parcel Sortation Systems Market Growth (Status and Outlook) 2023-2029

Parcel sortation automation involves the use of technology for package processing, taking care of many of the tasks that would be time-consuming and repetitive to do by hand.

LPI (LP Information)' newest research report, the “Parcel Sortation Systems Industry Forecast” looks at past sales and reviews total world Parcel Sortation Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Parcel Sortation Systems sales for 2023 through 2029. With Parcel Sortation Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Parcel Sortation Systems industry.

This Insight Report provides a comprehensive analysis of the global Parcel Sortation Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Parcel Sortation Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Parcel Sortation Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Parcel Sortation Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Parcel Sortation Systems.

The global Parcel Sortation Systems market size is projected to grow from US$ 1395.1 million in 2022 to US$ 3469.7 million in 2029; it is expected to grow at a CAGR of 13.9% from 2023 to 2029.

The asia-pacific region was the largest market owner of parcel sorting systems in 2018, with a market share of 42%, followed by Europe and North America, with market shares of 26% and 23%, respectively.In terms of application, it has the largest revenue in the logistics industry in recent years, ranked 2nd and 3rd in e-commerce and airport respectively, and its market share in 2018 is 31%, 27% and 19% respectively. Due to different strategies, the market share gap keeps widening.Over the next seven years, we expect global revenue to grow at a compound annual rate of 13%.At present, the quantity of goods of e-commerce has been increasing exponentially. The general management mode has been unable to correctly manage e-commerce warehouses, and the working speed of workers is far from keeping up with the market demand.The emergence of automatic sorting system is very clever to help e-commerce solve this big problem.The biggest advantage of the automatic sorting system is the automatic operation mode. Different from manual work, the automatic sorting system is more accurate and efficient, and its automatic operation mode can operate 24 hours a day.In the future, e-commerce industry will have a large number of demand for automatic sorting system, and the development prospect of automatic sorting system will be better and better.In this report, there are two types of parcel sorting system: horizontal cross belt sorting machine and vertical cross belt sorting machine.Horizontal cross-belt sorters are the main type of parcel sorting system, accounting for 68% of the global market share in 2018.The technology of parcel sorting system has been relatively mature, new enterprises cannot surpass the reputation and design of existing famous brands in a short time, and the technical and capital barriers in this industry are relatively high.The team therefore recommends that new entrants be carefully considered before entering the field.With the continuous development of science and technology, parcel sorting system will present the following characteristics in the future.Greatly reduce labor intensity, improve efficiency;Accurate sorting, few errors;Easy to assemble, with the characteristics of flexible layout, convenient maintenance, low cost advantages.With the implementation of the "area" initiative, the international competition, the development of logistics industry in China faces enormous challenges, in order to cope with the challenges, the domestic relevant departments and enterprises are also actively, using high technology content of facilities of logistics operations, will need more than two months of original international logistics distribution shortened from a week.But with the development of logistics industry in our country, the industry and consumers for the logistics service level and quality requirements also more and more high, this requires the sorting link of the logistics industry is more and more high quality, at the same time for sorting device selection requirement also gradually improve, from the original only look at to consider sorting equipment system efficiency, safety, environmental protection, maintenance and operation factors such as noise, power consumption, the application scope of automatic sorting system will be more and more widely.

This report presents a comprehensive overview, market shares, and growth opportunities of Parcel Sortation Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Horizontal Cross Strip Sorter
Vertical Cross Strip Sorter

Segmentation by application
Logistics
Electronic Commerce
Airport
Drugs and Medical Supplies
Food and Beverage
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Vanderlande
Beumer
Honeywell Intelligrated
Bastian Solutions
Fives Group
Dematic
Interroll
Muratec
Invata Intralogisitics
Bowe Systec

Please note: The report will take approximately 2 business days to prepare and deliver.