Parcel Sortation Systems Market Detailed Analysis by Emerging Technology with Top Key Players – Interroll Holding GmBH, Viastore Systems, Vanderlande Industries B.V., Bastian Solutions, Daifuku
The global parcel sortation systems market accounted to US$ 1.32 Bn in 2018 and is expected to grow at a CAGR of 9.1% during the forecast period 2019 – 2027, to account to US$ 3.09 Bn by 2027.
Growing population across the globe, is tremendously impacting the demand for multiple product categories in automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. In order to cater to this enormously increasing demand, manufacturers are striving hard to increase their productions significantly. But increased production demands for extensive requirement of sorting and storage facilities. Warehouses, storage centers, and distribution centers play a vital role in maintaining stocks of consumer goods of various companies. Minimal damage to the products while storage; less storage costs; and easy sorting; are the factors that manufacturers and supply chain partners are opting for efficient storage and sortation systems.
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• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Parcel Sortation Systems Market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
The major players operating in the market for Parcel Sortation Systems market include Interroll Holding GmBH, Invata Intralogistics, Beumer Group, Viastore Systems Inc., Vanderlande Industries B.V., Bastian Solutions Inc., Daifuku Co. Ltd., Dematic, Honeywell Intelligrated, and Murata Machinery, Ltd. among others.
The research report provides an in-depth analysis of the major Parcel Sortation Systems industry leading players along with the company profiles and strategies adopted by them. This enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.
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The automation technology has impacted positively on almost every industry and the adoption of different automated technologies are consistently growing in both developed countries as well as developing nations. The manufacturing industry is one of the early adopters of automated technologies, which is majorly attributed to the increasing labor cost also ageing population. The automated technologies also facilitated the manufacturing industry to pace up their production volume and gain increased revenues. With the growing number of consumer goods, the parcel sortation facility centers are heavily challenged by the inefficiency of the traditional parcel sortation systems such as sorting huge volumes of parcels, shorter processing window, and increasing technical errors. Owing to this, the warehouses, logistics facility centers, airports and dockyards are increasingly procuring automated technologies to easily sort the parcels in the designated segments. This factor is propelling the growth parcel sortation systems market in the current scenario.
Parcel Sortation Systems Market regional outlook - Asia Pacific is expected to be a rapidly growing market over the forecast period
A moderately stable political climate leads to many policy and regulatory changes in APAC region. Policies in this region are gradually becoming conducive for the growth of the business. Levying high entry barriers on foreign investments has led to slow development of this region. Also, the government in these countries take more than expected time to impose their statuary norms which subsequently affects the trade in the region. Government of emerging economies in Asian region are committed to focus on attracting FDI for the development of their economy. For this, the governments are taking various initiatives like Make in India. This would result in increased investment in infrastructure and IT sector. Thus, the parcel sortation systems market is anticipated to witness growth in the APAC region, being supported by government initiatives.
GLOBAL PARCEL SORTATION SYSTEMS - MARKET SEGMENTATION
Parcel Sortation Systems Market - By Type
• Linear Parcel Sortation System
• Loop Parcel Sortation System
Parcel Sortation Systems Market - By End-User Industry
• Food & Beverages
• Post & Parcel
Parcel Sortation Systems Market - By Geography
• North America
o Rest of Europe
• Asia Pacific (APAC)
o South Korea
o Rest of Asia Pacific
• Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of Middle East and Africa
• South America (SAM)
o Rest of SAM
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