Market Overview

Parcel Sortation Systems: Global Market to 2023 by Type, Offering, End-User Industry, and Geography - Increasing Labor Cost and Industrial Automation is a Major Driver - ResearchAndMarkets.com

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The "Parcel
Sortation Systems Market by Type, Offering, End User Industry, and
Geography - Global Forecast to 2023"
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The parcel sortation systems market is likely to be valued at USD 1.31
billion in 2018 and is expected to reach USD 2.05 billion by 2023, at a
CAGR of 9.3% between 2018 and 2023.

Among all end-user industries, the parcel sortation systems market for
the e-commerce industry is expected to grow at the highest rate between
2018 and 2023. Exponential increase in the number of parcels to be
sorted and delivered to customers worldwide is one of the major factors
driving the growth of the parcel sortation systems market for this
industry.

Among all offerings, the parcel sortation systems market for services is
expected to grow at the highest rate between 2018 and 2023. Frequent
servicing requirements, in terms of hardware and software upgrades or
capacity expansion, is a major factor driving the growth of the parcel
sortation systems market for services.

Between the 2 types of parcel sortation systems, the market for loop
parcel sortation systems is expected to grow at a higher CAGR between
2018 and 2023. The growth of this market can be attributed to the
benefits offered by loop parcel sortation systems in terms of optimum
space utilization, which makes them ideal for small and midsized
warehouses and distribution centers.

Market Dynamics

Drivers

  • Increasing Labor Cost and Industrial Automation
  • Growth in E-Commerce

Restraints

  • High Deployment and Maintenance Costs

Opportunities

  • Emerging Application Areas of Parcel Sorting Systems
  • Integration of Industry 4.0 and IoT With Sorting Systems

Challenges

  • Real-Time Technical Challenges
  • Formulation of Government Regulations Against Automation
  • Value Chain Analysis

Companies Featured

  • Bastian Solutions
  • Beumer Group
  • Bowe Systec
  • Dematic
  • Equinox Mhe
  • Falcon Autotech
  • Fives
  • GBI Intralogistics
  • Intelligrated
  • Interroll
  • Intralox
  • Invata Intralogisitcs
  • Muratec
  • OCM SRL
  • Okura Yusoki
  • Pitney Bowes
  • Siemens
  • Solystic
  • Vanderlande
  • Viastore

For more information about this report visit https://www.researchandmarkets.com/research/94542l/parcel_sortation?w=4

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