Parcel Sortation Systems Market worth 2.05 Billion USD by 2023

Browse 67 market data Tables and 49 Figures spread through 160 Pages and in-depth TOC on "Parcel Sortation Systems Market - Global Forecast to 2023"

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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.

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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.

Europe is expected to hold the largest share of the parcel sortation systems market between 2018 and 2023. 

Among all regions, Europe held the largest share of the parcel sortation systems market in 2017. Presence of prominent logistics and e-commerce companies and major parcel sortation systems solution providers in this region has led to the dominance of Europe in the parcel sortation systems market.

Major players in the parcel sortation systems market are Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs (US).

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