Parcel Sortation Systems Market

1. MarketsandMarkets Presents Parcel Sortation Systems Market worth 2.05 Billion USD by 2023 https://www.marketsandmarkets.com/Market-Reports/parcel-sortation-system-market-131502194.html

2. Parcel Sortation Systems Market by Type (Linear, Narrow Belt Sorters, Shoe Sorters, Small Parcel Sorters, and Loop, Cross-Belt Sorters Tilt Tray Sorters), Offering (Hardware, Software, and Services), End User Industry, and Geography - Global Forecast to 2023 The parcel sortation systems market was valued at USD 1.21 Billion in 2017 and is expected to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 2023. Factors such as increasing labor costs, rising industrial automation, and growth in e-commerce are expected to drive the growth of the parcel sortation systems market during the forecast period. The objective of the report is to provide a detailed analysis of the parcel sortation systems market based on type, offering, end user, and geography. The report provides detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the parcel sortation systems market. It also provides a detailed overview of the value chain pertaining the parcel sortation systems market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=131502194

3. The parcel sortation systems market comprises component manufacturers, system integrators, and distributors. Some of the major players that manufacture and develop parcel sortation systems and solutions are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and InvataIntralogisitcs (US). Target Audience of the Report: Distributors of parcel sorter systems Government bodies, venture capitalists, and private equity firms Manufacturers of processors, cameras, sensors, diverters,  electrical and mechanical components, and displays Parcel sorter designers and manufacturers Logistics and e-commerce industries Research organizations and consulting companies System integrators Technology consultants Value-added resellers Make an Inquiry@https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=131502194

4. Hardware is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023. Among all offerings, hardware held the largest share of the parcel sortation systems market in 2017. The leading position of hardware, in terms of market size, can be attributed to the upgrades in sensor, processor, and diverter technologies, resulting in capacity enhancement of parcel sortation systems, in terms of volume and attributes of a parcel. Hardware can be further classified into processors, cameras, sensors, diverters, electrical and mechanical components, and displays. Logistics is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023. Among all end-user industries, logistics held the largest share of the parcel sortation systems market in 2017. The leading position of logistics, in terms of market share, can be attributed to the increasing shipments of parcels and cartons and the growing need to deliver parcels in the shortest timeframe. Market for loop parcel sortation systems is expected to register a higher CAGR during the forecast period. between the 2 types of parcel sortation systems, the market for loop parcel sortation systems is expected to register a higher CAGR between 2018 and 2023. The growth of the market for loop parcel sortation systems can be attributed to the benefits offered by these systems in terms of optimum space utilization, which makes them ideal for small and midsized warehouses and distribution centers. :

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