Market Overview:
The global parcel sorting system market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for parcel sorting systems from various end-use industries, such as logistics, electronic commerce, airport, medical, food & beverage and others. Additionally, the rising adoption of automated solutions for parcel sorting is also propelling the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market to some extent during the forecast period. On basis of type, horizontal cross-band sorting machines are expected to hold a larger share in global parcel sorting system market during forecast period owing to its ability to sort parcels at high speeds with accuracy. On basis of application segment; logistics is anticipated witness highest CAGR over forecast period due increased demand for faster and accurate delivery services across globe .Whereas on basis regional analysis North America accounted largest share in 2017 due significant number installations done by U .
Product Definition:
A parcel sorting system is a type of automated handling system used to separate parcels according to their destination. They are important because they speed up the process of getting parcels delivered to their correct destinations.
Horizontal Cross - band Sorting Machine:
Horizontal cross-band sorting machine is used for sorting mailpieces according to their destination addresses. It's primary function is to sort letters and flat - rate boxes into separate bands for delivery purposes. The machine consists of a series of horizontal bars, each with a small door at the bottom which opens and closes as the mailpiece passes through the bar.
Vertical Sross - band Sorting Machine:
Vertical sross - band sorting machine is used in parcel sorting system to sort mail and parcels. It's a mechanical device which has two parallel moving arms, one of them contains a set of sorters while other holds the packages or letters. As the package is placed between these two arms it is pushed down and then another mechanism comes into action which lifts the package out from below and places it on an elevated platform where it can be delivered or sent to its destination.
Application Insights:
The logistics application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for efficient parcel sorting systems at major airports across the world. As per a 2016 study by GAVS, Inc., nearly 80% of all parcels are delivered to households, while 20% of parcels are delivered at businesses. Thus, increasing number of business locations would result in increased demand for parcel sorting system globally.
Electroniccommerce is expected to grow significantly over the forecast period owing to rising consumer awareness regarding product availability across different time zones and global reachability provided by internet retailers.
Regional Analysis:
Asia Pacific region is expected to witness the highest CAGR of XX% during the forecast period. The growth can be attributed to rising internet usage and e-commerce in developing countries such as China, India, and Japan. Rising demand for electronic products has led to an increase in parcel sorting at delivery centers across these countries. Moreover, increasing trade activities between Asia Pacific economies are anticipated to fuel regional market growth over the forecast period.
North America region accounted for more than 25% share of global revenue in 2017 owing to high demand from U.S.
Growth Factors:
- Increasing demand for parcel sorting system from the e-commerce sector
- Rising number of online shoppers globally
- Proliferation of parcel delivery services
- Growing need for automation in the parcel sorting process
- Advancements in technology and innovation
Scope Of The Report
Report Attributes
Report Details
Report Title
Parcel Sorting System Market Research Report
By Type
Horizontal Cross - band Sorting Machine, Vertical Sross - band Sorting Machine
By Application
Logistics, Electronic Commerce, Airport, Medical, Food & beverage, Other
By Companies
Vanderlande, Honeywell, Siemens, BEUMER, Interroll, Fives, Dematic, Bastian Solutions,, Murata machinery, Okura Nikko Hotels, Invata Intralogistics, GIEICOM, OMH, Better Convey
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global Parcel Sorting System Market Report Segments:
The global Parcel Sorting System market is segmented on the basis of:
Types
Horizontal Cross - band Sorting Machine, Vertical Sross - band Sorting Machine
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Logistics, Electronic Commerce, Airport, Medical, Food & beverage, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vanderlande
- Honeywell
- Siemens
- BEUMER
- Interroll
- Fives
- Dematic
- Bastian Solutions,
- Murata machinery
- Okura Nikko Hotels
- Invata Intralogistics
- GIEICOM
- OMH
- Better Convey
Highlights of The Parcel Sorting System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horizontal Cross - band Sorting Machine
- Vertical Sross - band Sorting Machine
- By Application:
- Logistics
- Electronic Commerce
- Airport
- Medical
- Food & beverage
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Parcel Sorting System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A parcel sorting system is a computerized system used to sort mail. It can be used to sort letters, packages, or any other type of mail.
Some of the major companies in the parcel sorting system market are Vanderlande, Honeywell, Siemens, BEUMER, Interroll, Fives, Dematic, Bastian Solutions,, Murata machinery, Okura Nikko Hotels, Invata Intralogistics, GIEICOM, OMH, Better Convey.
The parcel sorting system market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Parcel Sorting System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Parcel Sorting System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Parcel Sorting System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Parcel Sorting System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Parcel Sorting System Market Size & Forecast, 2020-2028
4.5.1 Parcel Sorting System Market Size and Y-o-Y Growth
4.5.2 Parcel Sorting System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Horizontal Cross - band Sorting Machine
5.2.2 Vertical Sross - band Sorting Machine
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Logistics
6.2.2 Electronic Commerce
6.2.3 Airport
6.2.4 Medical
6.2.5 Food & beverage
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Parcel Sorting System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Parcel Sorting System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Horizontal Cross - band Sorting Machine
9.6.2 Vertical Sross - band Sorting Machine
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Logistics
9.10.2 Electronic Commerce
9.10.3 Airport
9.10.4 Medical
9.10.5 Food & beverage
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Horizontal Cross - band Sorting Machine
10.6.2 Vertical Sross - band Sorting Machine
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Logistics
10.10.2 Electronic Commerce
10.10.3 Airport
10.10.4 Medical
10.10.5 Food & beverage
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Horizontal Cross - band Sorting Machine
11.6.2 Vertical Sross - band Sorting Machine
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Logistics
11.10.2 Electronic Commerce
11.10.3 Airport
11.10.4 Medical
11.10.5 Food & beverage
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Horizontal Cross - band Sorting Machine
12.6.2 Vertical Sross - band Sorting Machine
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Logistics
12.10.2 Electronic Commerce
12.10.3 Airport
12.10.4 Medical
12.10.5 Food & beverage
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Horizontal Cross - band Sorting Machine
13.6.2 Vertical Sross - band Sorting Machine
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Logistics
13.10.2 Electronic Commerce
13.10.3 Airport
13.10.4 Medical
13.10.5 Food & beverage
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Parcel Sorting System Market: Competitive Dashboard
14.2 Global Parcel Sorting System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vanderlande
14.3.2 Honeywell
14.3.3 Siemens
14.3.4 BEUMER
14.3.5 Interroll
14.3.6 Fives
14.3.7 Dematic
14.3.8 Bastian Solutions,
14.3.9 Murata machinery
14.3.10 Okura Nikko Hotels
14.3.11 Invata Intralogistics
14.3.12 GIEICOM
14.3.13 OMH
14.3.14 Better Convey
