Increasing need for automated systems in most industry verticals to boost demand for parcel sortation systems, says Fact.MR in its new market report.

Rockville, Jan. 30, 2023 (GLOBE NEWSWIRE) -- The global parcel sortation systems market size is estimated to reach US$ 2.7 billion by 2032, advancing at 6.7% CAGR from 2022 to 2032, as per a new industry analysis by Fact.MR, a market research and competitive intelligence provider.

A parcel sortation system is a network of conveyor belts that sorts packages according to their destination. It typically consists of one or more input stations, sorting and routing modules, distribution lines (parcels out to carriers), and a number of output stations.

Parcel sortation systems are widely utilized in a variety of industries, including food and beverage, automotive, electronics, logistics, retail, and pharmaceutical, among others. Companies' spending is increasing due to a rise in labor costs. As a result, businesses are using automated solutions that will help to reduce labor expenses while still providing high accuracy in the process. The growing need for automated systems in various industries is expected to boost the demand for parcel sortation systems.

Moreover, rapid increase in usage of Internet of Things technology has created a profitable potential for parcel sortation system makers. The incorporation of the Internet of Things in parcel sortation systems improves the visibility of the product's location. Furthermore, the demand for parcel sortation systems is projected to grow rapidly as the number of consumers using e-commerce platforms increases.

Download a Free Sample Copy of this Report –
https://www.factmr.com/connectus/sample?flag=S&rep_id=7945

With increasing Internet penetration rates in developing nations, particularly in Asia Pacific and Latin America, the adoption of online retailing is rising rapidly. As internet penetration increases in developing nations, demand for parcel sortation systems will rise significantly throughout the forecast period.

Key Takeaways from Market Study

• The global parcel sortation systems market is valued at US$ 1.4 billion in 2022.
• The market is anticipated to garner US$ 2.7 billion revenue by 2032.
• Worldwide demand for parcel sortation systems is expected to increase at a CAGR of 6.7% during the forecast period.
• The European market is projected to expand at a CAGR of 5.4% from 2022 to 2032.
• The United States market reached a value of US$ 322.1 million in 2022
  

“Rapidly growing e-Commerce industry, rising labor costs & industrial automation, and advancements in technologies such as AI and robots for sorting activities are the primary factors driving the growth of the global parcel sortation systems market. Moreover, the widespread usage of IoT technology is offering more prospects for market growth,” says a Fact.MR analyst

Key Segments of Parcel Sortation Systems Industry Research

• By Component:
  • Hardware
  • Software
  • Services
• By Type:
  • Linear
  • Loop
• By End Use:
  • Logistics
  • e-Commerce
  • Airports
  • Food & Beverages
  • Other End Uses
• By Region:
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA
    

Get Customization on this Report for Specific Research Solutions - https://www.factmr.com/connectus/sample?flag=RC&rep_id=7945

Regional Analysis

Europe is projected to lead the global parcel sortation systems market during the study period. The United Kingdom and Germany are expected to make substantial contributions to the European market.

Market players in Europe are heavily focused on smart technologies, such as robot-based and AI-based parcel sorting systems.

For example, in September 2021, LiBiao Robot introduced a new mobile robot-based parcel sortation system called "Mini Yellow." This was created primarily for European economies such as the United Kingdom, Germany, Italy, and France.

Key Companies Profiled

• Alstef Automation S.A
• Autotech Private Limited
• Bastian Solutions, LLC
• Beumer Group
• Murata Machinery, Ltd
• Honeywell International Inc
• Böwe Systec GmbH
• Daifuku Co. Ltd
• Siemens Logistics GmbH
• Dematic
• Equinox
• Falcon Fives
• GBI Intralogistics, Inc
• GreyOrange
• Interroll Group
• Intralox, L.L.C
• Invata Intralogisitcs
• Okura Yusoki Co. Ltd

Explore Our Safe & Secure Payment Options for Quick Buy – https://www.factmr.com/checkout/7945

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global parcel sortation systems market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the market on the basis of component (hardware, software, services) type (linear, loop) and end use (logistics, e-Commerce, airports, food & beverage, other end uses), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).

Check out more related studies published by Fact.MR Research: 

Fluoroscopy Equipment Market: The global fluoroscopy equipment market reached a valuation of around US$ 1.9 Bn in 2020, which amounts to around 9% share of the overall medical imaging systems market. Sales of fluoroscopy equipment are slated to accelerate at a CAGR of 6% to top US$ 3.5 Bn by 2031.

Veterinary Ophthalmic Equipment Market: Increasing urbanization and growing affluence level have been driving the adoption of pets, and, in turn, bolstering the demand for veterinary healthcare. However, it is interesting to note that, with rising urbanization and aging of pets, there has been increasing prevalence of diseases such as cataract, glaucoma, age-related macular degeneration, and diabetic retinopathy, especially in livestock animals and dogs & cats.

Air Sampling Equipment Market: Airborne hazards caused by fibres, gases, vapours, and dusts can lead to potentially fatal illnesses that affect the kidneys, lungs, and liver. Air sampling is a widely adopted method designed to monitor workers' exposure to potential airborne workplace threats.

MAP Sealing Equipment Market: The global MAP sealing equipment market is currently valued at US$ 3.3 billion and is projected to expand at a CAGR of 7.5% to reach US$ 6.9 billion by the end of 2032. North America accounts for a leading market share of over 30%. Overall, worldwide sales of MAP sealing equipment are expected to grow 2.1X by the end of 2032

LPG Vaporizer Market: LPG vaporizer is a boiler that is used for converting liquid LPG into gaseous form for usage as a fuel in heating appliances and vehicles. LPG vaporizer will witness an increase in the market due to less emissions caused by it.

About Us:

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Connect to Analyst: Shubham Patidar
Email : shubham@factmr.com   
Sales Team : sales@factmr.com
Follow Us: LinkedIn | Twitter | YouTube