Parcel Sortation Systems Market Worth to Outgrow by USD 3074.85 million By 2027
Posted On July 08, 2021
According to the research report by Value Market Research, the Global Parcel Sortation Systems Market is likely to grow to USD 3074.85 million by 2027 with a CAGR of 9.3% during the year 2021-2027. The key factors driving the global parcel sortation system market are the increasing cost of skilled labor leading to adoption of automated systems to reduce labor cost and the need for high accuracy and efficiency in the process. It is expected to witness exponential growth owing to increasing need for automation in various industry sectors, increasing penetration of ecommerce, increasing adoption of IoT technology and integration of the same in parcel sortation systems. Furthermore, the constantly increasing number of manufactured products and strict timeline to deliver them will also positively impact the sortation system market. However, factors such as high installation and maintenance cost, real-time technical issues and government policies against automation will impede parcel sortation systems market growth.
A parcel sortation system can sense and sort parcels according to size, weight and destination, can read and apply labels and arrange the parcels in the correct delivery area at the fulfillment center. All these operations are performed automatically with the help of task-specific software. This technology has automated the distribution process and solved a lot of issues faced by parcel distributors. It allows distributors to save time, reduce cost and enhance shipping accuracy, visibility and tracing. It eliminates time consuming and repetitive task and helps to process large number of orders each day. Parcel sortation systems are widely being used in various applications such as, e-commerce, logistics, and airport among others.
"Global Parcel Sortation Systems Market Report By Component (Hardware, Software, Services,) By Type (Linear Parcel Sortation Systems, Loop Parcel Sortation Systems), By End-User (Logistics, E-Commerce, Airports, Pharmaceuticals And Medical Supply, Food & Beverages, Others (Footwear Apparel) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2027" is an elaborate report providing market data on the basis of segments and geography.
On the basis of component the market is segmented into Hardware, Software, Services. By type the parcel sortation systems market is categorised as Linear Parcel Sortation Systems, Loop Parcel Sortation Systems. By end-user the parcel sortation systems market is categorised as Logistics, E-Commerce, Airports, Pharmaceuticals and Medical Supply, Food & Beverages, Others (Footwear Apparel). By geography the report is bifurcated into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Parcel Sortation Systems is the dominating region. The data tables in this section depict the market estimate by market segment.
The Report Segments Global Parcel Sortation Systems Market -
- Linear Parcel Sortation Systems
- Loop Parcel Sortation Systems
- Pharmaceuticals and Medical Supply
- Food & Beverages
- Others (Footwear Apparel)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Players Profiled In the Report:
Vanderlande, Dematic, Muratec, Intelligrated, BEUMER Group Fives, Siemens, Bastian Solutions, Interroll, and Invata Intralogistics.
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