Parcel Sortation Systems Market Dynamics, Growth Drivers, Market Constraints and Challenges 2024

According to Precision Business Insights (PBI), latest report, the parcel sortation systems market was valued at USD 1,092.9 million in 2023 and is expected to grow at a 9.7% CAGR from 2024 to 2030. The primary drivers of the expansion of the global parcel sortation system market include the growing trend of online shopping. In addition, growing e-commerce businesses are expected to boost the growth of the market.

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The parcel sortation systems market detailed segmentation
Based on the type, the market is segmented into the following:
• Cross Belt Sorter
• Shoe Sorter
• Till Tray Sorter
• Pusher Sorter
• Others

Based on the direction, the market is segmented into the following:
• Linear Parcel Sortation System
• Loop Parcel Sortation System

Based on the end user, the market is segmented into the following:
• Logistics
• E-Commerce
• Pharmaceutical & Medical Supply
• Airports
• Food & Beverages
• Others

Based on the end-user, the global parcel sortation systems market is segmented into logistics, e-commerce, pharmaceutical & medical supply, airports, food & beverages, and others. The e-commerce segment is expected to account for a larger revenue share in the global parcel sortation system market. The increasing trend of online shopping is expected to drive the market growth in this region. In addition, increasing disposable income in developing countries and increasing preferences and choices of people regarding goods and products are expected to drive the demand for e-commerce business. The ongoing trend of same-day delivery and next-day delivery in e-commerce platforms are expected to propel the growth of parcel sortation systems market over the forecast period.

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Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

The Asia Pacific parcel sortation system market is expected to increase over the forecast period due to the changing customer behaviours and increasing disposable income of end users. In addition, increasing number of internet users allows them to purchase products through online portals and online shops which is anticipated to boost the growth of parcel sortation systems market in this region over the forecast period. Furthermore, growing automation in warehouse and distribution sectors is expected to further propel market growth in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Parcel Sortation Systems market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Key players profiles in the parcel sortation systems market report are Siemens Logistics GmbH, Vanderlande Industries B.V., BEUMER GROUP, Bastian Solutions LLC, Murata Machinery Ltd., Interroll Group, Invata Instra logistics, Okura Yusoki Co Ltd., GBI Intralogistics Inc., Daifuku Co Ltd. Equinox, Pitney Bowes Inc., MHS Global, SOLYSTIC SAS, BOWE SYSTEC GMBH, Honeywell International Inc.

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This release was published on openPR.