Parcel Sortation Systems Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3828
Parcel Sortation Systems Market size is anticipated to grow lucratively from 2019 to 2025 impelled by rise in industrial automation. Several automated machines are used in industries for sortation of products, which will be beneficial in lowering of labor costs, minimizing errors & mistakes, and increasing efficiency. The automation in industries provides opportunities in the sorting of final products into different lots in lesser time. With the increase in demand for sorting systems, highly automated processes need to be incorporated into the industry for capacity management, driving the parcel sortation systems market growth.
Increasing labor costs and demands are also factors propelling the growth parcel sortation systems market. The increase in the availability of highly skilled labor in industries is driving the per capita labor cost and demand, increasing the cost to the company. To reduce these high labor costs and demands, industries are implementing automated systems, which will lower the manpower and provide accuracy in their processes. Growing needs for automated systems in these industries will drive the market.
Increasing demand for the IoT technology has provided manufacturers a new advancement in the parcel sortation systems market. Integrating IoT technology into these systems is a breakthrough in the growth & development for industry growth. This technology offers better visibility of the location of the product. It provides effective connectivity of various departments of sortation such as packaging, labeling, and other sections and offers efficient data and information processing. The monitoring of individual products & processes, setting standards, and control of the performance parameters of these systems are the major benefits of the integration of IoT technology into parcel sortation systems.
Several governmental regulations against automation in the industry are affecting the growth of parcel sortation systems market. The main concern of governmental bodies regarding the automation of the industries is growing unemployment. With the increase in automation, manpower in these industries will reduce and several processes and roles would be performed with the help of automated machines, which will increase unemployment in the industry. Government bodies are forcing industries for recruitment and eradication of unemployment by developing new regulations & policies that are mandatory for operating various industries.
In the parcel sortation systems market, linear sortation systems are witnessing high demand. Features of these systems include low noise, superior reliability, optimized layout, ease of maintenance, precision, low operating costs, and improved productivity. The wide range of benefits provided by these systems is driving the parcel sortation systems market demand. Linear system sortation has two techniques of sorting, linear cross belt, and linear tilt tray. Moreover, the systems receive products at one end, moving the products along the sortation length, and sorting the products to one/both. These sorters can be belt/chain driven and have sorting techniques that can be mounted or integrated into the sortation conveyor. Such factors are driving the market.
Growing applications of these systems in the e-commerce industry are positively impacting the parcel sortation systems market. The demand for e-commerce products is increasing rapidly with the e-commerce industry witnessing a large number of customer orders, driving the need for automated sorting systems that provide adequate distribution within a limited period of time. The benefits of these systems in the e-commerce industry include process transparency, error-free operations, increased scalability, low processing time, low dependency on skilled manpower, and improved process visibility, among others. Unit sorters, such as tilt tray and cross belt sorters, are efficient in performing operations of batch picking and help separate discrete orders. With the growth in the e-commerce industry, the demand and requirement for advanced sortation system will increase, providing an opportunity to the market growth.
Europe accounted for the largest share in the parcel sortation systems market. Advanced logistics and presence of several e-commerce companies have led to the development and growth of the industry in the region. The competition in this region is growing continuously owing to the increase in technological advancements. High availability of manufacturers and customers for sortation systems has developed the demands and requirements in the region. The demand for IoT technology in several industries is forcing manufacturers to integrate this technology with their offerings to provide effective and efficient value to their industrial processes and operations. Industries are demanding various specifications depending on their needs and requirements.
Key players functioning in parcel sortation systems market include Bastian Solutions, Equinox Mhe, Beumer Group, Dematic, Bowe Systec, Falcon Autotech, Fives, GBI Intralogistics, Intelligrated, Interroll, Intralox, Muratec, OCM SRL, Okura Yusoki, Pitney Bowes, Siemens, Solystic, Vanderlande, and Viastore, among others. Players in the market are competing based on the demand and customer requirements for custom based solutions, which will suit their requirements with various strategies being implemented such as market segmentation, product differentiation, product positioning, and market penetration. With the advent of new technological advancements, the market will witness a high cost of design and production, and the prices of these systems will increase rapidly.
Parcel Sortation Systems Market, By Component
Parcel Sortation Systems Market, by Type
- Linear systems
- Loop systems
Parcel Sortation Systems Market, by Application
- Food & beverage
- Retail & e-commerce
- Transportation & logistics
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- South Africa
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