Elevating Operations: Parcel Sortation System Market Expected to Hit $2.8 Billion by 2028
With an estimated value of USD 2.0 billion in 2023 and a projected increase to USD 2.8 billion by 2028, the Parcel Sortation System Market is expected to grow steadily, with a Compound Annual Growth Rate (CAGR) of 7.0% over the forecast period. This growth trajectory reflects the rising need for effective parcel sorting solutions brought about by the global upsurge in e-commerce. Logistics and distribution centres are under pressure to improve sorting efficiency and streamline operations in order to satisfy the increasing expectations of customers for prompt and accurate delivery as online shopping continues to soar. Systems for sorting parcels are essential for streamlining order fulfilment procedures, cutting expenses, and raising customer satisfaction levels. Innovations in automation technologies, such robotics and artificial intelligence, are driving the market's growth since they make it possible to sort packages more quickly and precisely across a range of indus...