Parcel Sortation Systems Market with New Principle and Updated Strategies 2027 - Bastian Solutions, Daifuku, Dematic, Honeywell, Murata Machinery

Latest market study on "Parcel Sortation Systems Market to 2027 by Type (Linear Parcel Sortation System and Loop Parcel Sortation System) and End User (Logistics, E-Commerce, Food & Beverage, Post & Parcel, Airport, Pharmaceutical, and Others) - Global Analysis and Forecast", the Parcel Sortation Systems market is estimated to reach US$ 3.09 Bn by 2027 from US$ 1.32 Bn in 2018. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Large populations of Asia Pacific region coupled with rising disposable incomes to propel the e-commerce sector which would drive the Parcel Sortation Systems market. The parcel sortation system industry has changed considerably over the past few years with technological development. Automation technology has positively impacted every end-user industry and the adoption of different automated technologies is consistently growing in both developed and developing regions. The manufacturing industry is one of the early adopters of automated technologies, which is majorly attributed to the increasing labor cost and ageing population.

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The demand for parcel sortation systems among the end user industries is consistently growing attributing to the fact that, the manufacturing industries are rapidly increasing their production in order to meet the surging customer demands. Parcel sortation system is an integral part of any warehousing and distribution centers which reduces the manual tasks of shipping and checking orders in a fulfillment operation. The ecosystem for Parcel Sortation System, involves the component providers, system integrators, consultants, and end-user of these systems.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Electronics and Semiconductor, and many more.

Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Parcel Sortation Systems market globally. This report on 'Parcel Sortation Systems Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Increase in the production volume of consumer goods is boosting the market for parcel sortation systems. Also, significant growth in E-commerce sector is also boosting the growth of the global market. However, technological complexities associated with the use of parcel sortation system may restrain the market growth during the forecast period. Further, growing demand in the warehouse management system and an overall reduction in the cost of parcel sortation system are expected to deliver ample growth opportunity to the industry players in the near future.

With the continuous increase in the demand for parcel sortation system, numerous players operating in the market are mainly investing in order to compete in the market efficiently. The companies are highly participating in new product developments to hold their position in the global parcel sortation system market. For instance, in 2018, Dematic made an advancement in the product distribution with the Dematic Roller Non-Contact Accumulation (RNCA) platform. The platform provides a variety of options for product takeoff from sortation systems - horizontal, decline, powered and gravity variants offer compact and controlled singulation. Also, Interroll developed a new infeed, hence expanding its modular platform solutions enabling efficient material flow. The new infeed modules are perfectly designed to work with Interroll crossbelt sorters.

The key companies operating in the field of parcel sortation systems that are profiled in the report include Bastian Solutions Inc., Daifuku Co. Ltd., Dematic, Honeywell Intelligrated, Murata Machinery, Ltd., Interroll Holding GmBH, Invata Intralogistics, Beumer Group, Viastore Systems Inc., and Vanderlande Industries B.V. among others. Several other players are also functioning in the market worldwide, contributing significant revenue shares year on year.

Reasons to Buy:

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Parcel Sortation Systems market.

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- The key findings and recommendations highlight crucial progressive industry trends in the global Parcel Sortation Systems market, thereby allowing players across the value chain to develop effective long-term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

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