Home / Technology & Media / Parcel Sorting Systems Market: Growth, Future Prospects, & Competitive Analysis, 2018 - 2026

Parcel Sorting Systems Market: Growth, Future Prospects, & Competitive Analysis, 2018 - 2026

Overview:

The advent of the Internet has made it extremely easy to place order 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 that too in a required timeframe without any manual intervention is often one of the greatest challenges faced by depots. Technology has facilitated and provided consumers with the option to purchase goods with just the click of a mouse. The global ecommerce industry is growing at an incredible pace and the buyers expectations pertaining to the availability and speed of delivery cannot be neglected by the online stores, thereby creating the need for efficient parcel sorting solutions.

Rising industrial automation is one of the most prominent factors aiding the parcel sorting systems market growth. The disruption caused by Industrial Internet of Things (IoTs) and Industry 4.0 has led manufacturers across various industries to actively adopt advanced automation solutions in order to lower the costs and improve productivity. Another important factor complimenting the demand growth for parcel sorting systems is the unprecedented rise of the e-commerce industry. Rapid internet expansion coupled with growing mobile devices penetration especially in emerging markets is playing a significant part in this growth. The humungous volume of shipments calls for the need for efficient parcel sorting solutions, a factor influencing the parcel sorting systems market growth positively. With increasing labor costs and the growing focus of industries towards improving efficiency is expected to create a favorable environment for the parcel sorting systems market to further flourish. However, the fact that the deployment and maintenance costs associated with parcel sorting systems are high, might act as a restraining factor for the market growth. In addition, government regulations against automation might act another challenge for the parcel sorting systems market growth in the years to come.

Technological improvements pertaining to advanced scanning capabilities is 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.

Global Parcel Sorting Systems Market is segmented into the following categories:

  • By Type
    • 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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