Market Overview:
Parcel Sortation System enables manufacturers or distributors to sort or route the deliverables automatically with the help of RFID tags or many others. The use of automated sorting systems has minimized the lead time as well as reduced the cost incurred in hiring the labors or other distributors. Due to increasing prevalence of E-commerce as well as E trading, the global parcel sorting market will be expected to grow in upcoming years.
The Global Parcel Sortation Systems market is expected to see growth rate of 11.2% and may see market size of USD2.5 Billion by 2027,. Asia-Pacific is projected to be the fastest-growing market, expanding at a CAGR of
% from 2021 to 2027.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Dematic (United States), Vanderlande Industries B.V (TOYOTA) (Netherlands), BEUMER Group GmbH & Co. KG (Germany), BOEWE SYSTEC Group (Germany), Equinox MHE BV (Netherlands), Fives Group (France), Siemens AG (Germany), Interroll Holding Gmbh (Switzerland), Viastore Systems Inc. (Germany), Fives Group (France) and Daifuku Co. Ltd. (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Manufacturers of Parcel Sortation Systems Market Study:
Dematic (United States), Vanderlande Industries B.V (TOYOTA) (Netherlands), BEUMER Group GmbH & Co. KG (Germany), BOEWE SYSTEC Group (Germany), Equinox MHE BV (Netherlands), Fives Group (France), Siemens AG (Germany), Interroll Holding Gmbh (Switzerland), Viastore Systems Inc. (Germany), Fives Group (France) and Daifuku Co. Ltd. (Japan)
Parcel Sortation Systems Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Logistics, E-Commerce, Airports, Pharmaceuticals and Medical, Food & Beverages and Others |
Type | Linear Parcel Sortation Systems and Loop Parcel Sortation Systems |
Offering | Hardware,Software,Services |
Influencing Trend:
Express Parcel Routing Systems and Artificially Intelligent Parcel Sortation Systems
Market Growth Drivers:
Increasing Distribution Overheads and Increasing Adoption of E trading as well as E Commerce
Challenges:
Stringent Government Regulations Affecting Automation and Machines or Automated Systems couldn’t Handle Real Time Queries
Restraints:
Higher Initial Investment and Maintenance Cost and Data Violation will Hamper Overall Sorting Process
Opportunities:
Increasing Adoption in Emerging Countries and Further Technological Advancements
. The Global Parcel Sortation Systems market is gaining huge competition due to involvement of European companies that constantly invest in research & development to meet market expectation with new innovation.
Latest Industry Highlights:
On 11th September 2018, the company has developed the Premex XIO smart automated guidance vehicle (AGV). Premex SIO is a compact floor-type AGV which can load pallets up to a maximum load of 1 ton. The compact body allows the Premex XIO to travel at its maximum travel speed of 120 m/min.
On 30th October, 2018, Murata Machinery, Ltd. has acquired all issued shares of Horibe Machinery Co., Ltd., a leading manufacturer of machine tools. Horibe Machinery and its subsidiaries are now 100% owned subsidiaries of Muratec.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Parcel Sortation Systems market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Parcel Sortation Systems market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Distributors of Parcel Sorter Systems, System Integrators, Technology Consultants, Value-Added Resellers, Government Bodies, Venture Capitalists, and Private Equity Firms, Parcel Sorter Designers and Manufacturers, Logistics and E-Commerce Industries, Research Organizations and Consulting Companies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.