Transforming Last-Mile Delivery: Parcel Sortation Systems Market Expected to Exceed 2.05 Billion USD by 2023

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MarketsandMarkets Presents
The Parcel Sortation Systems Market is expected
to be valued at USD 1.31 Billion in 2018 and is
likely to reach USD 2.05 Billion by 2023, at a
CAGR of 9.3 between 2018 and 2023. The growth
of the Parcel Sortation Systems Market is
propelled by increasing labor costs, rising
industrial automation, and growth in e-commerce.
Factors such as emerging application areas of
parcel sorting systems and integration of
Industry 4.0 and IoT with sorting systems are
creasing huge growth opportunities for the
players in the Parcel Sortation Systems Market.
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MarketsandMarkets Presents
Hardware is expected to hold the largest share of
the Parcel Sortation Systems Market between 2018
and 2023. Among all offerings, hardware held the
largest share of the Parcel Sortation Systems
Market in 2017. The leading position of hardware,
in terms of market size, can be attributed to the
upgrades in sensor, processor, and diverter
technologies, resulting in capacity enhancement
of parcel sortation systems, in terms of volume
and attributes of a parcel. Hardware can be
further classified into processors, cameras,
sensors, diverters, electrical and mechanical
components, and displays. Download PDF Brochure _at_
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MarketsandMarkets Presents
Logistics is expected to hold the largest share
of the Parcel Sortation Systems Market between
2018 and 2023. Among all end-user industries,
logistics held the largest share of the Parcel
Sortation Systems Market in 2017. The leading
position of logistics, in terms of market share,
can be attributed to the increasing shipments of
parcels and cartons and the growing need to
deliver parcels in the shortest timeframe.
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MarketsandMarkets Presents
Market for loop Parcel Sortation Systems is
expected to register a higher CAGR during the
forecast period. between the 2 types of parcel
sortation systems, the market for loop parcel
sortation systems is expected to register a
higher CAGR between 2018 and 2023. The growth of
the market for loop parcel sortation systems can
be attributed to the benefits offered by these
systems in terms of optimum space utilization,
which makes them ideal for small and midsized
warehouses and distribution centers. Speak To
Analyst _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id131502194
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MarketsandMarkets Presents
Europe is expected to hold the largest share of
the Parcel Sortation Systems Market between 2018
and 2023. Among all regions, Europe held the
largest share of the Parcel Sortation Systems
Market in 2017. Presence of prominent logistics
and e-commerce companies and major parcel
sortation systems solution providers in this
region has led to the dominance of Europe in the
parcel sortation systems market.
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MarketsandMarkets Presents
Key Players Major Players in the Parcel
Sortation Systems Market are Dematic (US),
Muratec (Japan), Vanderlande (Netherlands),
BEUMER Group (Germany), Intelligrated (US), Fives
(France), Bastian Solutions (US), Siemens
(Germany), Interroll (Germany), and Invata
Intralogisitcs (US). Browse For More Details -
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arcel-sortation-system-market-131502194.html
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MarketsandMarkets Presents
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