Parcel Sortation Systems Market Analysis, Growth, Share and Forecast 2023 - PowerPoint PPT Presentation

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Parcel Sortation Systems Market Analysis, Growth, Share and Forecast 2023

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Parcel Sortation Systems Market by Type (Linear, Narrow Belt Sorters, Shoe Sorters, Small Parcel Sorters, and Loop, Cross-Belt Sorters Tilt Tray Sorters), Offering (Hardware, Software, and Services), End User Industry, and Geography - Global Forecast to 2023 – PowerPoint PPT presentation

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Title: Parcel Sortation Systems Market Analysis, Growth, Share and Forecast 2023


1
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.
2
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_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id131502194
3
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.
4
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
5
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.
6
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 -
https//www.marketsandmarkets.com/Market-Reports/p
arcel-sortation-system-market-131502194.html
7
MarketsandMarkets Presents
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche markets.
8
MarketsandMarkets Presents
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 Email
sales_at_marketsandmarkets.com Visit Our Website
https//www.marketsandmarkets.com Content
Source https//www.marketsandmarkets.com/PressRel
eases/parcel-sortation-system.asp
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