Global Parcel Sortation Systems Market Growth (Status and Outlook) 2024-2030

Global Parcel Sortation Systems Market Growth (Status and Outlook) 2024-2030

According to our LPI (LP Information) latest study, the global Parcel Sortation Systems market size was valued at US$ 1395.1 million in 2023. With growing demand in downstream market, the Parcel Sortation Systems is forecast to a readjusted size of US$ 3469.7 million by 2030 with a CAGR of 13.9% during review period.

The research report highlights the growth potential of the global Parcel Sortation Systems market. Parcel Sortation Systems are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Parcel Sortation Systems. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Parcel Sortation Systems market.

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.

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.

Key Features:

The report on Parcel Sortation Systems market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Parcel Sortation Systems market. It may include historical data, market segmentation by Type (e.g., Horizontal Cross Strip Sorter, Vertical Cross Strip Sorter), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Parcel Sortation Systems market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Parcel Sortation Systems market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Parcel Sortation Systems industry. This include advancements in Parcel Sortation Systems technology, Parcel Sortation Systems new entrants, Parcel Sortation Systems new investment, and other innovations that are shaping the future of Parcel Sortation Systems.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Parcel Sortation Systems market. It includes factors influencing customer ' purchasing decisions, preferences for Parcel Sortation Systems product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Parcel Sortation Systems market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Parcel Sortation Systems market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Parcel Sortation Systems market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Parcel Sortation Systems industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Parcel Sortation Systems market.

Market Segmentation:

Parcel Sortation Systems market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

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.