Parcel Sortation System Market worth $2.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

CHICAGO, July 5, 2023 /PRNewswire/ -- The parcel sortation system market is expected to reach USD 2.8 billion by 2028 from USD 2.0 billion in 2023, at a CAGR of 7.0 % during the 2023–2028 period according to a new report by MarketsandMarkets™. The significant growth factors associated with the parcel sortation system market is the thriving e-commerce industry and the growing adoption of parcel sortation system in the industry. Additionally, labor cost inflation and an increase in industrial automation is driving the need of a parcel sortation system market. Furthermore, advancements in parcel sortation technologies using AI and ML, cost reduction, and favorable government policies and incentives are also contributing to the market's growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131502194

Browse in-depth TOC on "Parcel Sortation System Market" 
183 – Tables
57 – Figures
236 – Pages

Parcel Sortation System Market Report Scope:

Linear Parcel Sortation System Type segment is expected to account for the largest share of the parcel sortation system market during the forecast period.

The linear parcel sortation system type majorly comprises activated roller belt sorters, pop up sorters, shoe sorters, paddle sorters, pusher sorters, and others. Companies that are looking for high-speed parcel sortation systems prefer linear parcel sortation systems. These systems use a linear conveyor system to transport packages and sort them efficiently based on predefined criteria. These systems offer high-speed sorting, accurate routing, and improved productivity, benefiting businesses and logistics operations.

Logistics application is projected to account for a significant share of the parcel sortation system market during the forecast period.

The leading position of logistics can be attributed to the increasing shipments of parcels and cartons and the growing need to deliver packages in the shortest timeframe. Deployment of advanced parcel sortation systems can give logistics companies a competitive advantage in the industry. Parcel sortation systems allow logistics companies to sort and route parcels rapidly, ensuring timely deliveries and also meeting customer expectations for fast shipping.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=131502194

Asia Pacific is expected to register the highest CAGR during the forecast period.

Asia Pacific's rapid economic growth, urbanization, and industrialization have resulted in higher adoption of automation. Increasing penetration of e-commerce and logistics companies and new airport construction projects in several countries in this region are driving the growth of the parcel sortation system industry in Asia Pacifc. Moreover, the growth of the parcel sortation system market in this region can be attributed to the tremendous growth of the e-commerce, food & beverage, and manufacturing industries in the emerging economies of China, Japan, India, and South Korea. Additionally, Governments in developing countries are taking steps to promote the growth of their countries' communications infrastructure. Asia-Pacific is gradually becoming a manufacturing hub for many businesses because of the affordable labour and the high adoption rate of Industry 4.0.

The major companies in the parcel sortation system companies include Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the parcel sortation system market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=131502194

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Asset Management System Market With Covid-19 Impact by Solution (GPS, RFID, RTLS, Barcode), Asset Type (Electronic Assets, Returnable Transport Assets, In-Transit Equipment, Manufacturing Assets, Staff), Industry, Geography - Global Forecast to 2025

RFID Market Size, Share & Industry Growth Analysis Report by Offering (Tags, Readers, Software & Services), Tag Type (Passive, Active), Wafer Size, Frequency, Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band), Material, Application & Region - Global Growth Driver and Industry Forecast to 2030

Smart Manufacturing Market by Information Technology, Enabling Technology, Industry (Process and Discrete) and Geography (North America, Europe, Asia Pacific, Rest of World) (2021-2027)

Warehouse Robotics Market by Type (AMR, AGV, Articulated, Cylindrical and SCARA) Function (Pick & Place, Palletizing & Depalletizing, Transportation, Packaging), Payload, Industry, and Region, 2026

Warehouse Management System Market by Offering (Software, Services), Deployment (On Premises, Cloud), Tier Type (Advanced, Intermediate, Basic), Industry, and Region-2026

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/parcel-sortation-system-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/parcel-sortation-system.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg