Sorting for Success: Key Factors Behind the $2.8 Billion Parcel Sortation System Market by 2028

The report "Parcel Sortation System Market by Type (Activated Roller Belt Sorters, Pop Up Sorters, Shoe Sorters, Cross Belt Sorters, Tilt Tray Sorters), Offering (Hardware, Software, Services), Application (Logistics, E-commerce) - Global Forecast to 2028" The Parcel Sortation System Market is expected to reach USD 2.8 billion by 2028 from USD 2.0 billion in 2023, at a CAGR of 7.0 % during the 2023–2028 period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=131502194

Parcel Sortation System Market

The significant growth factors associated with the Parcel Sortation System Market is the thriving e-commerce industry and the growing adoption of parcel sortation system in the industry. Additionally, labor cost inflation and an increase in industrial automation is driving the need of a Parcel Sortation System Market. Furthermore, advancements in parcel sortation technologies using AI and ML, cost reduction, and favorable government policies and incentives are also contributing to the market's growth.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=131502194 

Linear Parcel Sortation System Type segment is expected to account for the largest share of the Parcel Sortation System Market during the forecast period.

The linear parcel sortation system type majorly comprises activated roller belt sorters, pop up sorters, shoe sorters, paddle sorters, pusher sorters, and others. Companies that are looking for high-speed parcel sortation systems prefer linear parcel sortation systems. These systems use a linear conveyor system to transport packages and sort them efficiently based on predefined criteria. These systems offer high-speed sorting, accurate routing, and improved productivity, benefiting businesses and logistics operations.

Logistics application is projected to account for a significant share of the Parcel Sortation System Market during the forecast period.

The leading position of logistics can be attributed to the increasing shipments of parcels and cartons and the growing need to deliver packages in the shortest timeframe. Deployment of advanced parcel sortation systems can give logistics companies a competitive advantage in the industry. Parcel sortation systems allow logistics companies to sort and route parcels rapidly, ensuring timely deliveries and also meeting customer expectations for fast shipping.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/parcel-sortation-system-market-131502194.html

Asia Pacific is expected to register the highest CAGR during the forecast period.

Asia Pacific’s rapid economic growth, urbanization, and industrialization have resulted in higher adoption of automation. Increasing penetration of e-commerce and logistics companies and new airport construction projects in several countries in this region are driving the growth of the Parcel Sortation System Market in Asia Pacifc. Moreover, the growth of the Parcel Sortation System Market in this region can be attributed to the tremendous growth of the e-commerce, food & beverage, and manufacturing industries in the emerging economies of China, Japan, India, and South Korea. Additionally, Governments in developing countries are taking steps to promote the growth of their countries’ communications infrastructure. Asia-Pacific is gradually becoming a manufacturing hub for many businesses because of the affordable labour and the high adoption rate of Industry 4.0.

The major companies in the Parcel Sortation System Market include Vanderlande (Netherlands), Beumer Group (Germany), Honeywell International (US), and Bastian Solutions (US), Fives (France). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Parcel Sortation System Market.

News Covered:

https://www.prnewswire.com/news-releases/parcel-sortation-system-market-worth-2-8-billion-by-2028---exclusive-report-by-marketsandmarkets-301870006.html  

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. 

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more