Press release
Parcel Sortation Systems Market worth $5.30 billion by 2030, growing at a CAGR of 10.38% - Exclusive Report by 360iResearch
The "Parcel Sortation Systems Market by Type (Cross-Belt Sorters, Linear Sorters, Shoe Sorters), Offering (Hardware, Services, Software), End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Parcel Sortation Systems Market to grow from USD 2.65 billion in 2023 to USD 5.30 billion by 2030, at a CAGR of 10.38%.
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Parcel sortation systems are advanced and sophisticated solutions designed to optimize sorting and distributing parcels within a logistics and distribution facility. They play an essential role in various industries, such as e-commerce, retail, courier services, postal operations, and express delivery. The rapid rise in e-commerce activity worldwide and technological advancements such as AI-powered sorters are increasing the necessity of parcel sortation systems. However, high initial investment costs and lack of standardization in parcel sortation systems hamper the growth of parcel sortation systems. Furthermore, the adoption of IoT-enabled devices and the emergence of Industry 4.0 technologies are driving further adoption of parcel sortation systems.
In EMEA, the parcel sortation systems market is characterized by a robust logistics infrastructure and a high level of automation. Major players in this region include companies offering advanced sortation technologies tailored to the diverse needs of e-commerce and traditional logistics operations. Additionally, a growing emphasis on sustainability and eco-friendly practices is influencing the adoption of efficient sortation solutions. In APAC, the parcel sortation system market is experiencing rapid growth, driven by the booming e-commerce sector, particularly in countries including China and India. The market here is characterized by a diverse range of players, from established global leaders to emerging local manufacturers, all vying to meet the escalating demand for efficient parcel processing. In the Americas, the market is marked by a competitive landscape with a strong presence of leading logistics and automation companies. The region places significant importance on advanced technologies for sortation, with an increasing focus on incorporating robotics and AI-driven systems for enhanced efficiency and accuracy.
Market Segmentation & Coverage:
This research report categorizes the Parcel Sortation Systems Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Cross-Belt Sorters, Linear Sorters, Shoe Sorters, and Tilt-Tray Sorters. The Shoe Sorters is projected to witness significant market share during forecast period.
Based on Offering, market is studied across Hardware, Services, and Software. The Software is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Airports, Food & Beverage, Logistics, Pharmaceutical, Postal, and Retail & eCommerce. The Food & Beverage 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 Americas commanded largest market share of 39.53% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Parcel Sortation Systems 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 Sortation Systems 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 Sortation Systems Market, highlighting leading vendors and their innovative profiles. These include Bastian Solutions, LLC by Toyota Industries Corporation, BEUMER Group GmbH & Co. KG, Böwe Systec GmbH, Cornerstone Automation Systems, LLC, DMT Solutions Global Corporation, EuroSort Systems B.V., Falcon Autotech Pvt. Ltd., Fortna Inc., GBI Intralogistics Solutions, Honeywell International Inc., Iconvey | Huanan Xinhai (Shenzhen) Technology Co., Ltd., Interroll Group, Kengic Intelligent Technology Co.,Ltd., Kion Group AG, Mailroom Solutions, Monk Conveyors Ltd., Murata Machinery, Ltd., Nanyang Limin Technology Development Co., Ltd., NPI Sorters, Okura Yusoki Co., Ltd., Pitney Bowes Inc., Scaletronic ApS, Siemens AG, Vanderlande Industries B.V., and VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Parcel Sortation Systems Market, by Type
7. Parcel Sortation Systems Market, by Offering
8. Parcel Sortation Systems Market, by End-User
9. Americas Parcel Sortation Systems Market
10. Asia-Pacific Parcel Sortation Systems Market
11. Europe, Middle East & Africa Parcel Sortation Systems Market
12. Competitive Landscape
13. 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 Sortation Systems Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Parcel Sortation Systems Market?
3. What is the competitive strategic window for opportunities in the Parcel Sortation Systems Market?
4. What are the technology trends and regulatory frameworks in the Parcel Sortation Systems Market?
5. What is the market share of the leading vendors in the Parcel Sortation Systems Market?
6. What modes and strategic moves are considered suitable for entering the Parcel Sortation Systems Market?
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