With the exponential growth in e-commerce and direct-to-consumer parcel shipments, more carriers' shipping and handling facilities are assessing a change in their current conveyance and sortation equipment and processes. Bulk flows of parcels in sortation systems refer to an unorganized mix of randomly spaced, differently sized boxes, cartons, polybags, and padded envelopes moving along a conveyor haphazardly until each is sorted manually. This has opened up opportunities for a shift towards developing and adopting singulated parcel flow, an orderly stream of evenly spaced parcels of similar size and construction through automation.
Access Full Report @ https://www.databridgemarketresearch.com/de/reports/global-parcel-sortation-systems-market
The Global Parcel Sortation Systems Market is expected to reach USD 5,792.32 million by 2029 from USD 2,150.39 million in 2021, growing with a CAGR of 13.9% in the forecast period of 2022-2029. The major factors driving the growth of the parcel sortation systems market are continuous development in the global e-commerce industry, minimizing manual intervention, and reducing labor costs. The growing consumer preference for online shopping is bound to lead the e-commerce business to grow. This will drive the demand for parcel sortation systems in the market. Moreover, the market players were increasingly involved in many collaborations, product developments, updates, and acquisitions to increase their market share.
Increasing e-commerce deliveries in urban areas using IoT technology across the world will drive the market's growth rate
The recent boom in the e-commerce industry and its widespread adoption owing to the increase in online shopping and technological developments have made the domain susceptible to innovations. The latest trends in technologies such as AI, Ml, and IoT are paving their way into various areas of supply chain management, such as procurement, transportation, inventory management, and parcel sortation. All these technologies help to make the supply chain more effective, thus increasing productivity. The adoption of IoT in logistics enables the gathering of critical data. Thus, IoT adoption helps to increase the efficiency of the modern distribution center and drives the growth of parcel sortation systems in the market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Linear Parcel Sortation Systems, Loop Parcel Sortation Systems), Offering (Hardware, Software, Services), Tray Size (Medium, Small, Large), Parcel Handling Capacity (Less than 20000 Parcels/hr,20000 to 30000 Parcels/hr, More than 30000 Parcel/hr), End User (E-Commerce, Logistics, Pharmaceuticals, and Medical Supply, Food & Beverages, Others
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
|
|
Market Players Covered
|
Siemens Logistics GmbH (Germany), Vanderlande Industries B.V. (Netherlands), BEUMER GROUP (Germany), Bastian Solutions, LLC (U.S.), FIVES (France), Murata Machinery, Ltd. (Japan), Interroll Group (Switzerland), Invata Instralogistics (U.S.), viastore (Germany), Okura Yusoki Co., Ltd. (Japan), GBI Intralogistics, Inc. (U.S.), Daifuku Co., Ltd. (Japan), Pitney Bowes Inc. (U.S.), MHS Global (U.S.), SOLYSTIC SAS (France), BOWE SYSTEC GMBH (Germany), Honeywell International Inc. (U.S.), Intralox (Netherlands) among others
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
|
Segment Analysis:
Global parcel sortation systems market is segmented into five notable segments which are based on type, offering, tray size, parcel handling capacity and end user.
- 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 global parcel sortation systems market with 55.91% market share 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 centers 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 global parcel sortation systems market with 54.02% market share as hardware-based sortation systems increase 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 tray size segment is expected to dominate the global parcel sortation systems market with 50.03% market share as a huge number of parcels and packages are of medium sizes which require medium-sized trays and fuel 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 segment is expected to dominate the global parcel sortation systems market with 61.12% market share as the majority of providers provide less than 20000/HR parcel handling capacity. In addition, any parcel sorting system has a minimum operation handling volume of around 10,000 to 20,000 parcels/.
The off-shore turbine segment will dominate the parcel handling capacity segment of the parcel sortation systems market
The 20000 parcels/hr segment will emerge as the dominating segment under parcel handling capacity in 2022 with approximately 61% market share. This is because of the growing number of infrastructural development activities and store based retailers in the market, especially in developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
- On the basis of end user, the global parcel sortation systems market is segmented into logistics, e commerce, pharmaceutical and medical supply, food & beverages and others. In 2022, e-commerce segment is expected to dominate the global parcel sortation systems market with 40.54% market share as e-commerce industry is growing exponentially in recent years which also increases the number of parcels to be sorted and delivered to customers worldwide.
The e-commerce segment will dominate the end user segment of the parcel sortation systems market
The e-commerce segment will emerge as the dominating segment under end-user segment in 2022. This is because of the growing number of e-commerce platforms in the market especially in developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in parcel sortation systems market: Siemens Logistics GmbH (Germany), Vanderlande Industries B.V. (Netherlands), BEUMER GROUP (Germany), Bastian Solutions, LLC (U.S.), FIVES (France), Murata Machinery, Ltd. (Japan), Interroll Group (Switzerland), Invata Instralogistics (U.S.), viastore (Germany), Okura Yusoki Co., Ltd. (Japan), GBI Intralogistics, Inc. (U.S.), Daifuku Co., Ltd. (Japan), Pitney Bowes Inc. (U.S.), MHS Global (U.S.), SOLYSTIC SAS (France), BOWE SYSTEC GMBH (Germany), Honeywell International Inc. (U.S.), Intralox (Netherlands).
Market Development
- In January 2020, Material Handling Systems announced the launch of a new Activated Roller Belt (ARB) Large Parcel Singulator. The new product was designed to keep automated sortation systems running smoothly, transforming a bulk flow of packages into a single-file stream critical for high-throughput operations. It was capable of handling 12,000 parcels per hour. This enhanced company's product portfolio in the market
- In September 2021, Siemens Logistics GmbH announced the up-gradation of vision, the company's singulation technology. With the upgrade, the technology was able to achieve peak values of up to 18,000 items per hour. It could process a broad range of shipments regarding size, format, and packaging materials. The key component of vision was a sophisticated artificial intelligence (AI)-based vision system that accurately detects the shape, size, and relative position of each shipment. This enabled the company to add value to the existing product and increase its adoption
- In August 2020, Intralox announced the launch of Smart Singulator. The new product was able to take a bulk of small parcels and de-stacks, identify, and simulate that flow into a single-file flow of items. It incorporated vision, and proven Activated Roller Belt (ARB) technology at the highest rates in the industry at up to 14,000 PPH. With this, the company was able to reinforce its singular product portfolio
Regional Analysis
Geographically, the countries covered in the parcel sortation systems market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in parcel sortation systems market during the forecast period 2022 - 2029
- In 2021, Asia-Pacific is expected to dominate the global parcel sortation systems market as the region has the largest market in terms of parcel volume. In addition, e- commerce sales are growing very fast in Asia-Pacific countries, which is increasing the growth of the market in the Asia-Pacific region.
Europe is estimated to be the fastest-growing region in parcel sortation systems market the forecast period 2022 - 2029
Europe is anticipated to be a very appealing region during the forecast period. U.K. has witnessed high growth due to large number of courier and parcel deliveries and due to the rising number of market players in the region.
COVID-19 Impact
Customers' adoption of online shopping has increased because of the SARS-CoV-2 pandemic, creating new opportunities for the development of innovative parcel sortation equipment. This has resulted in a greater emphasis on last-mile delivery services, necessitating the improvement of logistics companies' last-mile capabilities. Furthermore, the sudden increase in deliveries has caused logistical firms to struggle with sorting and assembling orders. This is increasing the demand for efficient parcel sortation systems in various regions.
For more detailed information about the parcel sortation systems on market report, click here – https://www.databridgemarketresearch.com/de/reports/global-parcel-sortation-systems-market
