Market Insights:
The advent of the Internet has made it extremely easy to place orders for goods online. This has resulted in an exponential rise in the volume of parcels and packages, thereby creating the need for efficient solutions to sort these parcels in order to deliver them to the customers. The ability to correctly and efficiently sort a complete product range, and that too in the required timeframe without any manual intervention, is often one of the greatest challenges faced by depots. Technology has facilitated and enabled consumers to purchase goods with the click of a mouse. The global e-commerce industry is growing at an incredible pace, and the buyers’ expectations pertaining to the availability and speed of delivery cannot be neglected by online stores, thereby creating the need for efficient parcel sorting solutions.
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Rising industrial automation is one of the most prominent factors aiding the parcel sorting systems market’s growth. The disruption caused by the Industrial Internet of Things (IoT) and Industry 4.0 has led manufacturers across various industries to actively adopt advanced automation solutions in order to lower costs and improve productivity. Another important factor complementing the growth in demand for parcel sorting systems is the unprecedented rise of the e-commerce industry. Rapid internet expansion coupled with growing mobile device penetration, especially in emerging markets, is playing a significant part in this growth. The humongous volume of shipments calls for the need for efficient parcel sorting solutions, a factor influencing the parcel sorting systems market’s growth positively. With increasing labor costs and the growing focus of industries towards improving efficiency, it is expected to create a favorable environment for the parcel sorting systems market to flourish further. However, the fact that the deployment and maintenance costs associated with parcel sorting systems are high might act as a restraint on market growth. In addition, government regulations against automation might pose another challenge to the parcel sorting systems market’s growth in the years to come.
Technological improvements pertaining to advanced scanning capabilities are one of the trends witnessed in the market. These improvements are aimed at further enhancing the label read rates and product identification in order to minimize manual intervention, thereby enabling delivery organizations to manage costs and manpower schedules in a better manner.
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The global parcel sorting systems market is segmented into the following categories:
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- Linear parcel sorting systems
- Loop Parcel Sorting Systems
- By Offering
- Hardware
- Software
- Services
- By end-user industry
- E-commerce
- Logistics
- Pharmaceuticals
- Airports
- Food and Beverages
- By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Key players identified in the parcel sorting systems market include, but are not limited to:
Siemens AG, Murata Machinery, Ltd., Dematic Corp., BEUMER Group, Vanderlande Industries B.V., Bastian Solutions, LLC, Fives Société Anonyme, Intelligrated, Inc., Invata Intralogistics, Inc., and Interroll Holding AG, among others.
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