Parcel Sortation Systems Market Set to Reach USD 5,792.32 million by 2029, Driven by CAGR of 13.6% | Data Bridge Market Research
The Parcel Sortation Systems market research report, as published by Market Insight Reports, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Parcel Sortation Systems market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the business’s views.
Data Bridge Market Research analyses that the market is growing with a CAGR of 13.6% in the forecast period of 2022 to 2029 and expected to reach USD 5,792.32 million by 2029.
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Top Industry Players:
Some of the major players operating in the Parcel sortation systems market are Siemens Logistics GmbH (A Subsidiary of Siemens AG), Vanderlande Industries B.V., BEUMER GROUP, Bastian Solutions, LLC, FIVES, Dematic, Murata Machinery, Ltd., Interroll Group, Invata Instralogistics, viastore, Okura Yusoki Co., Ltd.,GBI Intralogistics, Inc., Daifuku Co., Ltd.,Equinox, Pitney Bowes Inc., MHS Global, SOLYSTIC SAS, BOWE SYSTEC GMBH, Honeywell International Inc, Intralox among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Market Segmentation:
The parcel sortation systems market is segmented on the basis of type, offering, tray size, parcel handling capacity, and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the global parcel sortation systems market is segmented into linear parcel sortation systems and loop parcel sortation systems. In 2022, linear parcel sortation systems segment is expected to dominate the market, as linear parcel sortation systems offer various benefits in terms of their higher throughput capacity and ability to sort different kinds of parcels over loop parcel sortation systems and enable warehouses and distribution centres to significantly reduce inventory by receiving and dispatching goods just-in-time, contributing to the growth of the segment in the market.
On the basis of offering, the global parcel sortation systems market is segmented into hardware, software, and services. In 2022, hardware segment is expected to dominate the market, as hardware-based sortation systems increases sorting efficiency. In addition, hardware implementation can speed up sorting applications and makes extensive use of concurrent data comparisons and swaps each clock cycle.
On the basis of tray size, the global parcel sortation systems market is segmented into small, medium, and large. In 2022, medium segment is expected to dominate the market, as huge number of parcels and packages are of medium sizes which require medium sized trays and fuels the adoption of medium tray size in the parcel sortation systems market.
On the basis of parcel handling capacity, the global parcel sortation systems market is segmented into less than 20000 parcels/hr, 20000 to 30000 parcels/hr and more than 30000 parcels/hr. In 2022, less than 20000 Parcels/hr is expected to dominate the market as majority of providers provides less than 20000/HR parcel handling capacity. In addition, any parcel sorting systems has a minimum operation handling volume of around 10,000 to 20,000 parcels/hr.
On the basis of end users, the global parcel sortation systems market is segmented into logistics, e commerce, pharmaceutical, medical supply, food & beverages, and others. In 2022, e-commerce is expected to dominate the market as ecommerce industry is growing exponentially in recent years, which also increase the number of parcels to be sorted and delivered to customers worldwide.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Strategic Points from Table of Content:
– Market Summary
– Economic Impact Competition Analysis by Players
– Production, Revenue (Value) by geographical segmentation
– Human Computer Interaction Market Size by Type and Application
– Regional Market Status and Outlook
– Human Computer Interaction Market Analysis and Outlook
– Market Forecast by Region, Type, and Application
– Cost Investigation, Market Dynamics
– Marketing Strategy comprehension, Distributors and Traders
– Market Effect Factor Analysis
– Research Finding/ Conclusion
– Appendix
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