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Parcel Sorting System Market Trends

Report ID: GMI6461
Published Date: Aug 2023
Report Format: PDF

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Parcel Sorting System Market Trends

Parcel sortation systems that offer modular design and scalability will allow businesses to adapt to changing demands more easily, thus gaining increased popularity. In January 2023, Siemens launched its new modular parcel sortation system, the FlexSort. It is designed to be scalable to meet the needs of any parcel sorting operation, from small businesses to large retailers. It is also easy to install and maintain, making it a cost-effective solution for businesses of all sizes. As parcel volumes fluctuate, modular systems can be expanded or contracted as needed without major disruptions, favoring their adoption over the coming years.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for parcel sorting system was valued at USD 1.9 billion in 2022 and is anticipated to grow at a CAGR of over 7% between 2023 and 2032m driven by the increasing competition and focus on differentiation.

The retail & e-commerce segment held around 20% market share in 2022, on account of the ability of parcel sorting systems to meet the fast-paced demands of online retail, expedite order fulfillment, and offer reliable shipping options.

North America accounted for over 30% market share in 2022 and expected to grow at a significant CAGR through 2032, due to the region's robust e-commerce landscape and technological advancements.

Beumer Group, Daifuku Co. Ltd, Dematic, Equinox, Honeywell International Inc, Interroll Group, Koerber AG, Pitney Bowes Inc, and Vanderlande Industries B.V.