Global Parcel Sortation Systems Market, By Type (Linear Parcel Sortation Systems, Loop Parcel Sortation Systems), Offering (Hardware, Software, Services), Tray Size (Medium, Small, Large), Parcel Handling Capacity (Less than 20000 Parcels/hr,20000 to 30000 Parcels/hr, More than 30000 Parcel/hr), End User (E-Commerce, Logistics, Pharmaceuticals, and Medical Supply, Food & Beverages, Others), Country (U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America) Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Parcel Sortation Systems Market
Parcel sortation systems market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.6% in the forecast period of 2022 to 2029 and expected to reach USD 5,792.32 million by 2029.
Parcel sortation is the process of identifying items on a conveyor system and diverting them to specific destinations using a variety of devices controlled by task-specific software. They can also read any applicable labels or even apply new ones. These operations are incredibly important to ensuring the packages get to their final destination, but arranging deliveries is the task that provides the most direct benefit to that end. Parcel sortation arranges the containers into the correct delivery areas to get them on their way to their final destination. Sortation can have a great impact on the efficiency of your fulfilment automation. Parcels come in a variety of shapes and sizes and need to be arranged accordingly. Conveyor systems and other mechanical processes can help streamline your fulfilment automation and keep things moving.
The major factors driving the growth of the parcel sortation systems market are continuous development in global ecommerce industry, the increasing labor costs and industrial automation, and developments in technologies such as AI and robots for sorting operations. Widespread adoption of IoT technology is creating opportunities for the growth of the market. Government regulations imposed on automation technologies are acting as the major restraint for parcel sortation systems market. High variety in parcel sizes and volume is acting as a significant challenge for the growth of the market.
This Parcel sortation systems market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Parcel Sortation Systems Market Scope and Market Size
The parcel sortation systems market is segmented on the basis of type, offering, tray size, parcel handling capacity, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the global parcel sortation systems market is segmented into linear parcel sortation systems and loop parcel sortation systems. In 2022, linear parcel sortation systems segment is expected to dominate the market, as linear parcel sortation systems offer various benefits in terms of their higher throughput capacity and ability to sort different kinds of parcels over loop parcel sortation systems and enable warehouses and distribution centres to significantly reduce inventory by receiving and dispatching goods just-in-time, contributing to the growth of the segment in the market.
- On the basis of offering, the global parcel sortation systems market is segmented into hardware, software, and services. In 2022, hardware segment is expected to dominate the market, as hardware-based sortation systems increases sorting efficiency. In addition, hardware implementation can speed up sorting applications and makes extensive use of concurrent data comparisons and swaps each clock cycle.
- On the basis of tray size, the global parcel sortation systems market is segmented into small, medium, and large. In 2022, medium segment is expected to dominate the market, as huge number of parcels and packages are of medium sizes which require medium sized trays and fuels the adoption of medium tray size in the parcel sortation systems market.
- On the basis of parcel handling capacity, the global parcel sortation systems market is segmented into less than 20000 parcels/hr, 20000 to 30000 parcels/hr and more than 30000 parcels/hr. In 2022, less than 20000 Parcels/hr is expected to dominate the market as majority of providers provides less than 20000/HR parcel handling capacity. In addition, any parcel sorting systems has a minimum operation handling volume of around 10,000 to 20,000 parcels/hr.
- On the basis of end users, the global parcel sortation systems market is segmented into logistics, e commerce, pharmaceutical, medical supply, food & beverages, and others. In 2022, e-commerce is expected to dominate the market as ecommerce industry is growing exponentially in recent years, which also increase the number of parcels to be sorted and delivered to customers worldwide.
Global Parcel sortation systems Market Country Level Analysis
Global Parcel sortation systems market is analysed, and market size information is provided by country, type, offering, tray size, parcel handling capacity, and end user.
The countries covered in global parcel sortation systems market report are U.S., Canada, Mexico in North America, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe in Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia Pacific (APAC), South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa (MEA) in Middle East and Africa (MEA), Brazil, Argentina, Rest of South America in South America. In 2022, Asia-Pacific is anticipated to dominate the global parcel sortation systems market with a market share of 32.26%, as the region has the largest market in terms of parcel volume. Also, e-commerce sales are growing very fast in Asia Pacific countries which is increasing the growth of the market in the Asia-Pacific region.
China accounted for maximum share in the parcel sortation systems market due to high flow in parcel volume and increasing shipments. U.S. accounts for second largest market as the region has large number of local players. U.K. has witnessed high growth due to large number of courier and parcel deliveries in the region.
The country section of the parcel sortation systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Parcel Sortation Systems
Global parcel sortation systems market also provides you with detailed market analysis for every country growth in installed base of different kind of products, impact of technology using life line curves and changes regulatory scenarios and their impact on the parcel sortation systems market. The data is available for historic year 2012 to 2020.
Competitive Landscape and Parcel sortation systems Market Share Analysis
Parcel sortation systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Parcel sortation systems market.
Some of the major players operating in the Parcel sortation systems market are Siemens Logistics GmbH (A Subsidiary of Siemens AG), Vanderlande Industries B.V., BEUMER GROUP, Bastian Solutions, LLC, FIVES, Dematic, Murata Machinery, Ltd., Interroll Group, Invata Instralogistics, viastore, Okura Yusoki Co., Ltd.,GBI Intralogistics, Inc., Daifuku Co., Ltd.,Equinox, Pitney Bowes Inc., MHS Global, SOLYSTIC SAS, BOWE SYSTEC GMBH, Honeywell International Inc, Intralox among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In March 2022, Interroll Group announced the launch of Split Tray Sorter. The new product ensured maximum availability, a very long service life, and fast payback times for the automatic sortation of conveyed goods weighing up to 12 kilograms. With this, the company provided ideal solutions for logistics service providers and courier, express, and parcel service providers for making customer-oriented distribution centers even more productive by efficiently separating small parts sortation from other transport goods
- In November 2022, Invata Intralogistics implemented a new 406,000 square foot, omni-channel fulfilment center for Destination Maternity Corporation in Florence, New Jersey, U.S. The company designed, built, and controlled a warehouse automation system handling all aspects of Destination Maternity’s retail distribution, wholesale distribution, e-commerce fulfilment, and reverse logistics processing. Some of the systems incorporated were a Bomb Bay sorter feeding 600 discharge destinations at sortation speeds averaging 15,000 units per hour, 24v routing sorters, 5 narrow belt sorters, 11 merges, and machine interface stations among others.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for Parcel sortation systems market through expanded product range.
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