Press release
Parcel Sortation System Global Market Growth Opportunities by 2033 | At a CAGR of 9.3% | Dematic, Körber AG, Fives, BEUMER Group, TGW Logistics
Parcel Sortation System Global Market
According to The Business Research Company's, 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 growth in the historic period can be attributed to growth in omnichannel retailing, growth in cross-border e-commerce, growth in subscription box services, increased awareness of green logistics, and increased focus on reducing delivery errors.
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%. The growth in the forecast period can be attributed to increasing e-commerce volume, rising demand for automation, rising urbanization, increasing investments in logistics infrastructure, and growing demand for same-day delivery. Major trends in the forecast period include technological advancements, AI integration, adoption of IoT, utilization of big data, and adoption of cloud-based sortation solutions.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/parcel-sortation-system-global-market-report
Market Drivers and Trends:
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. For instance, according to the United States Census Bureau, a US-based government agency, in the first quarter of 2024, US retail e-commerce sales hit $289.2 billion, up 2.1 percent (±0.7%) from the fourth quarter in 2023. Therefore, the growing e-commerce industry is driving the growth of the parcel sortation system market.
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. For instance, in January 2024, Viettel Post, a Vietnam-based provider of express delivery services, launched 160 LiBiao 'Mini Yellow' autonomous guided robots in Vietnam. It is installed in the storage and distribution hub, resulting in wholly automated package sortation technology. The robots employed by VTPost are equipped with AI-driven algorithms capable of autonomously identifying, categorizing, and sorting parcels based on size, weight, and destination. This automation reduces sorting errors and enhances processing speeds, optimizing overall logistics efficiency. This system includes real-time tracking and monitoring capabilities, allowing stakeholders to monitor parcel movement and status at every stage of the sorting process.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=17219&type=smp
Major Key Players of the Market:
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.
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id?id=17219&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Parcel Sortation System Global Market Growth Opportunities by 2033 | At a CAGR of 9.3% | Dematic, Körber AG, Fives, BEUMER Group, TGW Logistics here
News-ID: 3669893 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Parcel
Parcel Pending Smart Lockers Market Is Booming Worldwide | Major Giants Parcel P …
HTF MI just released the Global Parcel Pending Smart Lockers Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Key Players in This Report Include:
Parcel Pending, Luxer One,…
Modular Parcel Lockers: Building Flexibility and Opportunity in the Smart Parcel …
The smart parcel delivery locker market is experiencing explosive growth, driven by the surge in e-commerce and the increasing demand for secure and convenient package delivery solutions. Within this dynamic sector, the modular parcel locker segment presents a high-opportunity area, offering unparalleled flexibility and scalability for diverse deployment scenarios.
Market Dynamics and Growth Drivers
Modular parcel lockers are designed with interchangeable compartments and components, allowing for customized configurations to meet specific space…
Parcel Delivery Market Still Has Room to Grow | Smartbox Ecommerce Solutions, Am …
IMR posted new studies guide on Parcel Delivery Market Insights with self-defined Tables and charts in presentable format. In the Study you may locate new evolving Trends, Drivers, Restraints, Opportunities generated via targeting market related stakeholders. The boom of the Parcel Delivery marketplace became specifically driven with the aid of the growing R&D spending internationally.
Parcel Delivery Market Size Was Valued at USD 61.50 Billion in 2023 and is Projected to…
Collaborative Parcel Delivery Market Size, Status, Global Outlook 2024 To 2032 | …
The Global "Collaborative Parcel Delivery Market" 2024 Research Report presents a professional and complete analysis of the Global Collaborative Parcel Delivery Market in the current situation. The Collaborative Parcel Delivery Market is set for substantial growth fueled by the rising demand for efficient and sustainable last-mile delivery solutions. Collaborative parcel delivery models, which leverage shared resources and crowdsourced networks, offer cost-effective and environmentally friendly alternatives to traditional delivery methods. With…
Parcel Locker Market Recovery and Impact Analysis Report | InPost, Parcel Pendin …
Stratagem Market Insights recently released a survey report on "Parcel Locker Market - Status and Forecast to 2030". A detailed study accumulated to offer the Latest insights about acute features of the Enterogermina market. The report aims to deliver a detailed outline of the changing trends, growth scenarios, and market development activities to strategize business activities with useful strategies. The information in the Parcel Locker Market research report was gathered,…
Courier, Express, And Parcel Market is Booming Worldwide | FedEx, Deutsche Post …
Latest published market study on Worldwide Courier, Express, And Parcel Market provides an overview of the current market dynamics in the Worldwide Courier, Express, And Parcel space, as well as what our survey respondents-all outsourcing decision-makers-predict the market will look like in 2027. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some of the…
