Parcel Sortation Systems Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Cross Belt Sorter, Shoe Sorter, Till Tray Sorter, Pusher Sorter, and Others), By Direction (Linear Parcel Sortation System and Loop Parcel Sortation System), By End-user (Logistics, E-Commerce, Pharmaceutical & Medical Supply, Airports, Food & Beverages, and Others), and Region

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.  

Key Developments:

• In February 2022, Korber AG announced their acquisition of Siemens Logistics, Siemens. The acquisition was made for approximately US$ 569 million.
• In March 2020, Beumer Group launched BG sorter Compact CB, a new compact cross belt sorter. It has a range of features such as flexibility, robust nature, easy integration, and energy efficiency.