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Parcel Sortation Systems Market: By Type, By Direction, By End-user, and Geography
Parcel Sortation Systems Market: By Type, By Direction, By End-user, and Geography
Parcel Sortation Systems Market was valued at US$ 1,092.9 million in 2023 and is expected to grow at a 9.7% CAGR from 2024 to 2030. Parcel sortation systems are automated procedures that involve the identification of parcel items on a conveyor system and directing them to certain destinations by using certain devices that are controlled by task-specific software. The growing e-commerce business and increasing demand for faster and more efficient delivery system is expected to drive the growth of the parcel sortation systems market over the forecast period. In addition, the growing trend of online shopping has increased the need for efficient and sophisticated parcel sorting systems that can handle larger volumes of packages and process them quickly and accurately which is expected to boost the growth of the parcel sortation systems market.
Furthermore, the development of new innovative technologies and systems in the market such as automated sorting machines and software solutions is anticipated to further aid the growth of the parcel sortation systems market over the forecast period. For instance, in September 2020, PHOTONEO S.R.O launched a new 3D machine vision which enables robots to pick 2,350 parcels per hour. However, the factors such as high installation and maintenance cost, need for skilled personnel to operate and maintain system, and complexity of integrating parcel sortation systems with existing logistics networks are anticipated to hold back and hinder the growth of parcel sortation systems market over the forecast period. Moreover, the growing trend of same-day and next-day delivery services are expected to provide opportunities to the market players in the growth of parcel sortation systems market. In addition, as e-commerce is still in early stages, there is a significant opportunity to expand parcel sortation systems market over the forecast period.
In February 2022 - Korber AG announced their acquisition of Siemens Logistics, Siemens. The acquisition was made for approximately US$ 569 million.
Study Period
2024-2030Base Year
2023CAGR
9.7%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The parcel sortation system market is expected to grow over the forecasted period due to the growing e-commerce business along with the increasing trend of online shopping leading to increase in need for sophisticated parcel sorting system which can handle larger volume of packages and process them quickly and accurately. This is driving the development of new innovative technologies such as software solutions and automated sorting machines which is expected to drive the growth of parcel sortation systems market at a significant rate over the forecast period.
The Asia Pacific parcel sortation system market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the changing customer preference and increasing disposable income of end users. North America region is expected to have a significant growth over the forecast period owing to the presence of major market players and manufacturers of parcel sorting systems in this region. Furthermore, the growing adoption of automation in manufacturing units with technologies such as Artificial Intelligence and IoT are expected to further aid the market growth in this region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 1,092.9 million |
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Market CAGR |
9.7% |
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By Type |
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By Direction |
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By End User |
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Download Free Sample Report
The parcel sortation systems market was valued at US$ 1,092.9 million in 2023 and is expected to grow at a 9.7% CAGR from 2024 to 2030
The growing e-commerce business and increasing need for sophisticated parcel sorting system is expected to drive the market growth over the forecast period.
The leading players in the global parcel sortation systems market are Siemens Logistics GmbH, Vanderlande Industries B.V., BEUMER GROUP, Bastian Solutions LLC, Murata Machinery Ltd., Interroll Group, Invata Instra logistics, Okura Yusoki Co Ltd., GBI Intralogistics Inc., Daifuku Co Ltd. Equinox, Pitney Bowes Inc., MHS Global, SOLYSTIC SAS, BOWE SYSTEC GMBH, Honeywell International Inc.
| 1.Executive Summary |
| 2.Global Parcel Sortation Systems Market Introduction |
| 2.1.Global Parcel Sortation Systems Market - Taxonomy |
| 2.2.Global Parcel Sortation Systems Market - Definitions |
| 2.2.1. By Type |
| 2.2.2. By Direction |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3.Global Parcel Sortation Systems Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Parcel Sortation Systems Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Parcel Sortation Systems Market By Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Cross Belt Sorter |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Shoe Sorter |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Till Tray Sorter |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Pusher Sorter |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6.Global Parcel Sortation Systems Market By Direction, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Linear Parcel Sortation System |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Loop Parcel Sortation System |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7.Global Parcel Sortation Systems Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Logistics |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. E-Commerce |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Pharmaceutical & Medical Supply |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Airports |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Food & Beverages |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Others |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8.Global Parcel Sortation Systems Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9.North America Parcel Sortation Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Cross Belt Sorter |
| 9.1.2.Shoe Sorter |
| 9.1.3.Till Tray Sorter |
| 9.1.4.Pusher Sorter |
| 9.1.5.Others |
| 9.2. Direction Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Linear Parcel Sortation System |
| 9.2.2.Loop Parcel Sortation System |
| 9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Logistics |
| 9.3.2.E-Commerce |
| 9.3.3.Pharmaceutical & Medical Supply |
| 9.3.4.Airports |
| 9.3.5.Food & Beverages |
| 9.3.6.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Parcel Sortation Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Cross Belt Sorter |
| 10.1.2.Shoe Sorter |
| 10.1.3.Till Tray Sorter |
| 10.1.4.Pusher Sorter |
| 10.1.5.Others |
| 10.2. Direction Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Linear Parcel Sortation System |
| 10.2.2.Loop Parcel Sortation System |
| 10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Logistics |
| 10.3.2.E-Commerce |
| 10.3.3.Pharmaceutical & Medical Supply |
| 10.3.4.Airports |
| 10.3.5.Food & Beverages |
| 10.3.6.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Parcel Sortation Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Cross Belt Sorter |
| 11.1.2.Shoe Sorter |
| 11.1.3.Till Tray Sorter |
| 11.1.4.Pusher Sorter |
| 11.1.5.Others |
| 11.2. Direction Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Linear Parcel Sortation System |
| 11.2.2.Loop Parcel Sortation System |
| 11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Logistics |
| 11.3.2.E-Commerce |
| 11.3.3.Pharmaceutical & Medical Supply |
| 11.3.4.Airports |
| 11.3.5.Food & Beverages |
| 11.3.6.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Parcel Sortation Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Cross Belt Sorter |
| 12.1.2.Shoe Sorter |
| 12.1.3.Till Tray Sorter |
| 12.1.4.Pusher Sorter |
| 12.1.5.Others |
| 12.2. Direction Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Linear Parcel Sortation System |
| 12.2.2.Loop Parcel Sortation System |
| 12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Logistics |
| 12.3.2.E-Commerce |
| 12.3.3.Pharmaceutical & Medical Supply |
| 12.3.4.Airports |
| 12.3.5.Food & Beverages |
| 12.3.6.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Parcel Sortation Systems Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Cross Belt Sorter |
| 13.1.2.Shoe Sorter |
| 13.1.3.Till Tray Sorter |
| 13.1.4.Pusher Sorter |
| 13.1.5.Others |
| 13.2. Direction Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Linear Parcel Sortation System |
| 13.2.2.Loop Parcel Sortation System |
| 13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Logistics |
| 13.3.2.E-Commerce |
| 13.3.3.Pharmaceutical & Medical Supply |
| 13.3.4.Airports |
| 13.3.5.Food & Beverages |
| 13.3.6.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Siemens Logistics GmbH |
| 14.2.2.Vanderlande Industries B.V. |
| 14.2.3.BEUMER GROUP |
| 14.2.4.Bastian Solutions LLC |
| 14.2.5.Murata Machinery Ltd. |
| 14.2.6.Interroll Group |
| 14.2.7.Daifuku Co. Ltd. |
| 14.2.8.Equinox |
| 14.2.9.Pitney Bowes Inc. |
| 14.2.10.MHS Global |
| 14.2.11.SOLYSTIC SAS |
| 14.2.12.BOWE SYSTEC GMBH |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.