Parcel Sorter Market: Growth, Trends by 2024

The global parcel sorter market size was valued at USD 3.00 billion in 2021 and is projected to grow from USD 3.30 billion in 2022 to USD 6.70 billion by 2029, exhibiting a CAGR of 10.6% during the forecast period. The Asia-Pacific dominated the parcel sorter market with a share of 40.66% in 2021.

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Parcel Sorter Market Share, Size & COVID-19 Impact Analysis, By Type (Cross Belt Sorter, Shoe Sorter, Till Tray Sorter, Pusher Sorter, and Others), By Direction (Linear Parcel Sortation System and Loop Parcel Sorting System), By End-user (Logistics, E-Commerce, Pharmaceutical & Medical Supply, Airports, Food & Beverages, and Others), and Regional Forecast Between, 2022-2029

Top Companies of parcel sorter market:

• Koerber AG (U.S.)
• Beumer Group (Germany)
• Pitney Bowes Inc (U.S.)
• Vanderlande Industries B.V. (Netherlands)
• Dematic (Kion Group AG) (Netherlands)
• Honeywell International Inc (U.S.)
• Interroll Group (Switzerland)
• Intralox (Netherlands)
• Fives Group (France)
• National Presort Inc (U.S.)

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Parcel Sorter Market Drivers and restrains:

• Drivers:
  • Growth in E-Commerce: The increasing volume of online shopping and e-commerce transactions drives demand for efficient parcel sorting systems to handle high order volumes.
  • Technological Advancements: Innovations in sorting technology, such as automated sorting systems, AI integration, and advanced sensors, enhance the efficiency and accuracy of parcel sorting.
  • Need for Operational Efficiency: Companies seek to improve operational efficiency and reduce processing time, leading to increased adoption of advanced parcel sorter systems.
  • Expansion of Logistics and Supply Chain Networks: The growth of logistics and supply chain networks necessitates sophisticated parcel sorting solutions to manage and streamline parcel distribution.
  • Focus on Reducing Labor Costs: Automated parcel sorters help reduce labor costs and human errors by automating repetitive sorting tasks, driving market growth.
• Restraints:
  • High Initial Investment: The substantial upfront cost of purchasing and installing advanced parcel sorter systems can be a barrier for smaller companies and startups.
  • Maintenance and Operational Costs: Ongoing maintenance and operational costs, including the need for regular servicing and potential repairs, can impact the total cost of ownership.
  • Complex Integration with Existing Systems: Integrating new parcel sorters with existing logistics and IT systems can be complex and may require significant adjustments and customization.
  • Space Requirements: Advanced parcel sorting systems often require significant space and infrastructure, which can be a constraint for companies with limited facility space.
  • Technological Obsolescence: Rapid advancements in technology may lead to faster obsolescence of existing systems, necessitating frequent upgrades or replacements to stay competitive.

Reasons to buy this report:

This report provides a detailed analysis of the current market status, trends, growth segments, and competitive dynamics in the parcel sorter market. It enables businesses to identify opportunities for growth and development while also highlighting potential challenges and risks. By evaluating business segments and product portfolios, the report enables stakeholders to make more informed market strategies and investments.

A thorough understanding of the industry dynamics outlined in the report can significantly improve decision-making and facilitate the development of effective success strategies in the parcel sorter market. Overall, this report is an excellent resource for those seeking in-depth information about this rapidly changing industry.

Regional Atributes:

• North America (Type, Direction, End-user, and Country)
  • U.S. (By Direction)
  • Canada (By Direction)
  • Mexico (By Direction)
• Europe (Type, Direction, End-user, and Country)
  • Germany (By Direction)
  • U.K. (By Direction)
  • France (By Direction)
  • Italy (By Direction)
  • Rest of Europe
• Asia Pacific (Type, Direction, End-user, and Country)
  • China (By Direction)
  • Japan (By Direction )
  • India (By Direction )
  • South Korea (By Direction)
  • Rest of Asia Pacific
• Middle East and Africa (Type, Direction, End-user, and Country )
  • GCC Countries (By Direction )
  • South Africa (By Direction )
  • Rest of Middle East and Africa
• Latin America (Type, Direction, End-user, and Country )
  • Brazil (By Direction )
  • Argentina (By Direction)
  • Rest of Latin America

Table of Contents:

• Introduction
  • Research Scope
  • Market Segmentation
  • Research Methodology
  • Definitions and Assumptions
• Executive Summary
• Market Dynamics
  • Market Drivers
  • Market Restraints
  • Market Opportunities
• Key Insights
  • Key Industry Developments – Merger, Acquisitions, and Partnerships
  • Porter’s Five Forces Analysis
  • SWOT Analysis
  • Technological Developments
  • Value Chain Analysis

TOC Continued…!

Industry developments of parcel sorter market:

• Korber AG acquired Siemens Logistics, a subsidiary of Siemens AG. Siemens Logistics deals in the global mail and parcel business. The acquisition was done for approximately USD 569 million.
• Interroll Group launched a new split tray sorter named MT015S. It is an automated sortation system, which is suitable for various industry verticals such as logistics, e-commerce, and pharmaceuticals. It has a weighing capacity of 12 kg.
• 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.
• Neetwk GmbH launched a new Optisorter Vertical Packet and parcel sorting system. It has features such as high performance system, space efficiency, easy operation, and smooth sorting system. The product was developed for industries such as logistics, e-commerce, and warehouse.
• Daifuku Co Ltd signed an agreement with AFT Industries AG. Based in Germany, the company deals in the manufacturing and distribution of material handling systems and parcel sortation systems. The agreement was aimed at using parcel sortation systems for the automotive industry.

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