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Parcel Sortation System Market Size, Industry Analysis, Outlook 2033
Parcel Sortation System Market Size
As per the report, the parcel sortation system market size has grown strongly in recent years. It will grow from $1.78 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The parcel sortation system market size is expected to see strong growth in the next few years. It will grow to $2.77 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.
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What Is Driving The Growth Of The Global Parcel Sortation System Market?
E-commerce Boom Drives Growth Of Parcel Sortation System Market
The growing e-commerce industry is expected to propel the growth of the parcel sortation system market going forward. The e-commerce industry refers to the sector that involves buying and selling goods and services over the Internet. The e-commerce industry is increasing due to several factors, such as convenience, a diverse product offering, competitive pricing, ease of comparison, and personalized purchasing experiences. Parcel sortation systems in e-commerce automate and optimize the sorting and distribution of packages, ensuring efficient management of the high volume of parcels from online sales
What Is The Key Trend In The Global Parcel Sortation System Market?
Advancements In Robot-Based Parcel Sorting Systems In The Logistics Industry
Major companies operating in the parcel sortation system market are developing robot-based parcel sorting systems and AI-driven vision systems for enhanced accuracy and efficiency. Robot-based parcel sorting systems are advanced automated systems that utilize robots to sort and handle parcels in logistics and distribution centers. These systems leverage robotic technology to enhance the sorting process's efficiency, accuracy, and speed.
How Is The Global Parcel Sortation System Market Segmented?
The parcel sortation system market covered in this report is segmented -
1) By Type: Linear Parcel Sortation Systems, Loop Parcel Sortation System, Other Types
2) By Offering: Hardware, Software, Services
3) By Application: Logistics, E-commerce, Airports, Pharmaceuticals and Medical Supply, Food And Beverage, Other Applications
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How Is The Competitive Landscape Of The Global Parcel Sortation System Market?
Major companies operating in the parcel sortation system market are Honeywell International Inc., Kawasaki Heavy Industries, FANUC America Corporation, Daifuku Co. Ltd., Yaskawa America, Vanderlande, Pitney Bowes Inc., Dematic, Körber AG, Fives, BEUMER Group, TGW Logistics, Interroll Group, Daifuku, Bastian Solutions, Murata Machinery Ltd., Siemens Logistics GmbH, Viastore Systems, National Presort Inc., Böwe Systec, Muratec America, Mantissa Corporation, Okura Yusaki Co. Ltd.
Contents Of The Global Parcel Sortation System Market
1. Executive Summary
2. Parcel Sortation System Market Report Structure
3. Parcel Sortation System Market Trends And Strategies
4. Parcel Sortation System Market - Macro Economic Scenario
5. Parcel Sortation System Market Size And Growth
…..
27. Parcel Sortation System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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