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Global Parcel Sortation System Market 2021: Growth Factors Details and Competitive Analysis 2029

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Global Parcel Sortation System Market 2021: Growth Factors Details and Competitive Analysis 2029

August 05
12:23 2021
Global Parcel Sortation System Market 2021: Growth Factors Details and Competitive Analysis 2029
Parcel Sortation System Market
Rapidly growing e-commerce in the region, supported by increasing consumer disposable income, is a significant driver for logistics, marking a vital point of differentiation between market players aiming for speedy and accurate delivery. The growing logistics and distribution sectors are prompting the owners to use parcel sortation systems to provide better customer service.

Parcel Sortation System Market

The Parcel Sortation System Market Report has been at the forefront of technology, and warehouses have turned the corner by incorporating modern sortation systems. Warehouses and distribution centers have transformed themselves from traditional sorting and picking to sortation systems that optimize these processes. The global e-commerce market generated about USD 2.84 trillion in revenue in 2018, and the number is anticipated to double during the forecast period.

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The Major Players Covered in this Report: Daifuku Co., Ltd, SSI Schafer Automation GmbH, Kion Group (Dematic) AG, Vanderlande Industries Holding B.V., BEUMER Group GmbH & Co. KG, Siemens Logistics GmbH, ABB Ltd, Equinox Global Services B.V., Fives Intralogistics Corp. (Fives Group), FANUC CORPORATION, Honeywell International Inc. (Honeywell Intelligrated), Fuji Yusoki Kogyo Co., Ltd, Interroll (Schweiz) AG, Shenzhen Dorabot Inc. (Yaskawa America, Inc.), TGW Systems Inc., KUKA Aktiengesellschaft (AG), Mitsubishi Electric Corporation, Murata Machinery, Ltd., Okura Yusoki Co., Ltd., Shanxi Oriental Material Handing Co., Ltd., & more…

Parcel Sortation System Market Segmentation:

By Type

  • Linear Sortation Systems
  • Loop Sortation Systems

 By Application

  • Retail and E-Commerce
  • Post and Parcel
  • Food and Beverage
  • Pharmaceutical and Medical
  • Airports

Years that have been considered for the study of this report are as follows:

  • History Year: 2015-2018
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year: 2021 to 2029

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Parcel Sortation System in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Parcel Sortation System market during the forecast period 2021-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia.

Full Report Link @ https://straitsresearch.com/report/Parcel Sortation System-Market 

Significant Growth in E-Commerce Industry:
The global e-commerce industry is growing at an unprecedented rate and is the largest consumer of the material handling system industry.
The exponential growth of the industry has urged the need for distributors that are in close proximity to the customers. With the rising customer base and availability of a variety of products on a single website, the distribution of the products has become difficult as there are fewer items per order.
The use of parcel sortation systems offers excellent flexibility to handle incoming returns and outgoing orders at the same time on the same sorter, eliminating the need for two machines and processes. The capability of the sorter in efficiently handling 10–3000 destinations have significantly driven its demand in e-commerce and e-tail industries.

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