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Parcel Sorting Robots Market worth $2,764.21 million by 2030, growing at a CAGR of 20.68% - Exclusive Report by 360iResearch
Parcel Sorting Robots Market | 360iResearch
The Global Parcel Sorting Robots Market to grow from USD 741.19 million in 2023 to USD 2,764.21 million by 2030, at a CAGR of 20.68%.
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Parcel sorting robots are designed to streamline and automate the process of sorting various types of parcels within warehouse settings or sorting facilities, improving both speed and efficiency. These robots can recognize and process vast amounts of information-packed bar codes, QR codes, or labels as they are enabled with advanced artificial intelligence (AI) and computer vision technology. The surge in e-commerce activities, the necessity for faster and error-free operations, and increasing interest in automation across end-use industries encourage the adoption of parcel sorting robots by the end-use sectors. However, high initial investment, cost of maintenance, and the requirement of skilled professionals to operate sophisticated robots may adversely impact the use of parcel sorting robots for various end-use applications. Moreover, advancements in AI and machine learning, coupled with the development of more sophisticated and agile robots, offer immense growth opportunities for the parcel sorting robots market.
The parcel sorting robots market is evolving in the Americas owing to the high pace of industrial automation adoption and the flourishing e-commerce industry in these regions, driving the need for enhanced logistics systems where parcel sorting robots play a crucial role. In the EMEA region, there is a growing emphasis on streamlining logistic processes, resulting in increased deployment of parcel sorting robots in warehouses to increase productivity and reduce human error. Rapid expansion of the manufacturing sector and significant demand for automation technologies. have encouraged the adoption of parcel-sorting robots by the end-use sectors in the APAC region. Besides, technological breakthroughs to enhance the operational efficiency of parcel sorting robots are expected to boost their use by the end-use industries worldwide.
Market Segmentation & Coverage:
This research report categorizes the Parcel Sorting Robots Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Articulated Robotic Arms and Autonomous Mobile Robots (AMRs). The Autonomous Mobile Robots (AMRs) is further studied across Direct Sorting Mobile Robots, Elevated Mobile Robots, and Platform-based Mobile Robots. The Articulated Robotic Arms is projected to witness significant market share during forecast period.
Based on Type, market is studied across Autonomous and Non-Autonomous or Guided. The Autonomous is projected to witness significant market share during forecast period.
Based on Application, market is studied across Food & Beverages, Logistics & Warehousing, Manufacturing, Medical & Pharmaceuticals, and Retail. The Logistics & Warehousing is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Aftermarket and OEM. The OEM is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.12% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Parcel Sorting Robots Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Parcel Sorting Robots Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Parcel Sorting Robots Market, highlighting leading vendors and their innovative profiles. These include Ambi Robotics Inc., Bastian Solutions, LLC, Cimcorp Oy by Murata Machinery, Dematic Corp., Fetch Robotics, Inc., Fives SAS, Geekplus Technology Co., Ltd., Grey Orange Pte. Ltd., Hi-tech Robotic Systemz Ltd., Hitachi, Ltd., inVia Robotics, Inc., KUKA AG, Magazino GmbH, MOV.AI Ltd., Onward Robotics, OPEX Corporation, Prime Vision B.V., RightHand Robotics, Inc., Seegrid Corporation, Siemens AG, Starship Technologies, Inc., Unbox Robotics Pvt. Ltd., Vanderlande Industries B.V., WuXi AppTec Co., Ltd., Yaskawa Electric Corporation, and Zhejiang Libiao Robotics Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Parcel Sorting Robots Market, by Product
7. Parcel Sorting Robots Market, by Type
8. Parcel Sorting Robots Market, by Application
9. Parcel Sorting Robots Market, by Distribution Channel
10. Americas Parcel Sorting Robots Market
11. Asia-Pacific Parcel Sorting Robots Market
12. Europe, Middle East & Africa Parcel Sorting Robots Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Parcel Sorting Robots Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Parcel Sorting Robots Market?
3. What is the competitive strategic window for opportunities in the Parcel Sorting Robots Market?
4. What are the technology trends and regulatory frameworks in the Parcel Sorting Robots Market?
5. What is the market share of the leading vendors in the Parcel Sorting Robots Market?
6. What modes and strategic moves are considered suitable for entering the Parcel Sorting Robots Market?
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About 360iResearch
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