Parcel Sortation Systems Market Set to Soar to US$5.9 Bn in 2030, Finds Fairfield Market Research

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Parcel Sortation Systems are Here to Revolutionise the Logistics Landscape. Fairfield Market Research’s New Report Delves into the Intricate Dynamics of this Market, Unveiling Several Compelling Insights.

London, April 02, 2024 (GLOBE NEWSWIRE) — Global parcel sortation systems market is projected to witness significant growth in the coming years, driven by the increasing demand for efficient logistics operations. Fairfield Market Research’s latest report highlights the market’s expected expansion, fueled by technological advancements and eCommerce proliferation. The study expects this market to reach US$5.9 Bn by 2030-end, from US$3.2 Bn attained in 2023.

The parcel sortation systems market is anticipated to experience robust growth, with an estimated CAGR of 8.9% during the forecast period. This growth trajectory is attributed to several key factors. The escalating demand for streamlined logistics operations across various industries is propelling the adoption of parcel sortation systems.

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REPORT SCOPE

Report Attributes Details
Base Year 2022  
Forecast Year 2023 – 2030
Market Size in 2022 US$3.2 Bn
Estimated Market Size in 2030 US$5.9 Bn
CAGR 8.9%  
Growth Drivers
  • Increasing Boom Around Faster Delivery
  • Exceptional eCommerce Expansion
  • Rising Need for Sorting Flexibility, and Customisation
Segmentation
  • By System Type (Linear Sortation Systems, Loop Sortation Systems, Pop-up Sortation Systems, Sliding Shoe Sortation Systems)
  • By Offering (Hardware, Software, Services)
  • By End-use Industry (eCommerce and Retail, Logistics and Transportation, Food and Beverage, Pharmaceuticals and Healthcare, Misc)
Regional Coverage
  • North America (US, Canada)
  • Europe (Germany, UK, France, Italy, Turkey, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, Rest of Latin America)
  • Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa)

With businesses striving to optimise their supply chain networks and enhance operational efficiency, the integration of advanced sorting technologies becomes imperative. Moreover, the rapid expansion of the eCommerce sector is significantly contributing to market growth.

The exponential growth of eCommerce, fueled by changing consumer preferences and digitalisation, is a major catalyst for market expansion. With consumers demanding faster delivery options, retailers and logistics companies are investing in robust parcel sortation systems to meet evolving customer expectations and gain a competitive edge in the market.

The convergence of robotics and AI technologies is driving innovation in parcel sorting systems. Automated guided vehicles (AGVs), and robotic arms are being integrated into sorting lines to automate material handling tasks and improve operational efficiency.

The market is witnessing a paradigm shift towards automation in logistics and warehouse operations. Automated parcel sortation systems, equipped with cutting-edge technologies such as Artificial Intelligence (AI) and Internet of Things (IoT), are gaining traction due to their ability to enhance sorting accuracy and efficiency.

The exponential rise in online shopping activities has led to a surge in parcel volumes, necessitating sophisticated sorting solutions to manage the influx effectively. Parcel sortation systems play a pivotal role in facilitating timely and accurate order fulfilment, thereby bolstering customer satisfaction and loyalty.

For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/parcel-sortation-systems-market

Key Research Insights

  • Linear sortation systems take the lead with around 45% market share.
  • With nearly 55% market value share, the software segment are at the forefront.
  • North America’s parcel sortation systems market spearheads with a share of 55%.

Insights into Segmentation Analysis

Linear Parcel Sortation Systems Lead

Automated parcel sortation systems are witnessing high demand owing to their ability to handle large volumes efficiently while minimising manual intervention.

Linear parcel sortation systems, although traditional, remain popular due to their simplicity, reliability, and cost-effectiveness.

Loop parcel sortation systems are gaining prominence in high-volume sorting applications, thanks to their high-speed operation and continuous flow design.

eCommerce to be the Prime End-Use Sector

The eCommerce segment dominates the market, driven by the rapid growth of online retail and the need for rapid order fulfilment.

The logistics and transportation sector represents a significant market opportunity, with companies investing in parcel sortation systems to streamline distribution operations and reduce turnaround times.

The food and beverage industry is also adopting parcel sortation systems to ensure efficient inventory management and delivery of perishable goods.

Key Report Highlights

  • The proliferation of cross-border eCommerce is opening new avenues for market growth. As businesses expand their reach globally, there is a growing demand for advanced parcel sortation systems capable of handling international shipments and customs clearance procedures seamlessly.
  • Sustainability is emerging as a key focus area for market players. Eco-friendly sorting solutions, such as recyclable materials and energy-efficient conveyor systems, are gaining traction as businesses strive to minimise their environmental footprint and adhere to stringent regulatory norms.

Insights into Regional Analysis

North America Marches Ahead

Dominates the parcel sortation systems market, fueled by the presence of major eCommerce players and advanced logistics infrastructure.

The US, in particular, is witnessing robust market growth, driven by the proliferation of online shopping platforms and the increasing demand for same-day and next-day delivery services.

Europe Picks Pace as Embraces Automation

Europe is experiencing significant market growth, propelled by the expansion of eCommerce and the adoption of automation technologies in logistics operations.

Countries such as Germany, the UK, and France are at the forefront of market expansion, with a strong emphasis on enhancing supply chain efficiency and customer satisfaction.

Asia Pacific’s Pace Attributes to eCommerce Boom

Emerging as a lucrative market for parcel sortation systems, driven by rapid urbanisation, digitisation, and the burgeoning eCommerce sector.

China, and India are key contributors to market growth in the region, supported by government initiatives to develop robust logistics infrastructure and promote technological innovation in the logistics sector.

Key Market Companies in Global Parcel Sortation Systems Industry

  • Siemens AG
  • Honeywell Intelligrated
  • Vanderlande Industries
  • Beumer Group
  • Fives Intralogistics
  • Daifuku Co., Ltd.
  • Bastian Solutions
  • Interroll Group
  • Murata Machinery, Ltd.
  • Swisslog Holding AG
  • Tompkins International
  • OKURA YUSOKI CO., LTD.
  • Dematic
  • Toshiba Corporation
  • Hyster-Yale Group

Global Parcel Sortation Systems Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – (By System Type Coverage, By Offering Coverage, By End-use Industry Coverage, By Geographic Coverage and By Companies): https://www.fairfieldmarketresearch.com/report/parcel-sortation-systems-market

About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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