Home > Semiconductors & Electronics > Parcel Sortation Systems Market
Parcel Sortation Systems Market Size
Parcel Sortation Systems Market is expected to grow at a significant pace during 2024-2032, driven by the rapid growth of the e-commerce sector. With the rise of online shopping, retailers are facing numerous challenges in efficiently processing and delivering a high volume of parcels to customers. To that end, parcel sortation systems play a vital role in streamlining the order fulfillment process, reducing errors, and improving delivery speed. From sorting hubs to last-mile delivery, these tracking solutions enable businesses to streamline operations, optimize routes, and deliver parcels more efficiently. As a result, companies are better positioned to meet the rising expectations of customers in today's fast-paced and digitally driven logistics landscape.
Parcel Sortation Systems Market Trends
In response to the evolving customer expectations, the demand for parcel sortation systems is growing with the rapid integration of advanced tracking technologies, such as RFID and IoT sensors. This is mainly due to the growing need for real-time tracking and visibility throughout the delivery process. According to DispatchTrack in 2022, tracking orders was a top priority for 90% of customers. By leveraging these technologies, parcel sortation systems can provide customers with accurate and up-to-date information on the status of their shipments for enhancing transparency and reliability.
Parcel Sortation Systems Market Analysis
Based on product type segment, the linear parcel sortation systems industry is poised to gain traction by 2032, due to their versatility and efficiency. These systems deploy conveyor belts and automated sorting mechanisms to quickly and accurately sort parcels based on predefined criteria, such as destination, size, or weight. They are well-suited for high-volume sorting applications and can be easily integrated into existing warehouse and distribution center layouts, subsequently enhancing their appeal.
Parcel sortation systems industry from the E-commerce end-use segment is expected to grow significantly from 2024 to 2032, driven by higher usage by retailers, fulfillment centers, and logistics companies to automate the sorting and distribution of parcels. These systems help companies manage the increasing complexity of order fulfillment while reducing labor costs and improving operational efficiency. By implementing parcel sortation systems, e-commerce businesses can scale their operations and handle peak demand periods more effectively, contributing to the segment growth.
Asia Pacific parcel sortation systems market is anticipated to witness an upward growth trajectory till 2032, led by rapid expansion of e-commerce in countries, such as China, India, and Southeast Asia. Additionally, government initiatives aimed at improving infrastructure are helping in promoting digital commerce for creating favorable conditions in the region. As e-commerce will continue to thrive and supply chain networks become more sophisticated, the product demand will further soar.
Parcel Sortation Systems Market Share
Major companies in the parcel sortation systems industry comprise:
- Equinox Mhe
- GBI Intralogistics
- Bastian Solutions
- Okura Yusoki
- Solystic
- Beumer Group
- Viastore
- Intralox
- Bowe Systec
- Falcon Autotech
- Dematic
- Vanderlande
- Pitney Bowes
- Fives
- OCM SRL
These participants are focusing on the adoption of strategic initiatives, such as mergers, acquisitions, partnerships, collaborations, and product developments for establishing a strong foothold in the industry.
Parcel Sortation Systems Industry News
In September 2023, Interroll introduced its latest innovation in autonomous material handling: the Autonomous Mobile Robot (AMR) Top Module, for expanding its Light Conveyor Platform (LCP). This roving conveyor solution underwent successful testing with industry leaders MiR and Omron, establishing it as a preferred choice for efficient and flexible material handling.