Product Code: 138042-01-23
Parcel Sorting Systems Market is Expected to Grow at 6.1% by 2031. The advent of the Internet has made it extremely easy to place order for goods online. This has resulted in an exponential rise in the volume of parcels and packages thereby creating the need for efficient solutions to sort these parcels in order to deliver them to the customers. The ability to correctly and efficiently sort a complete product range that too in a required timeframe without any manual intervention is often one of the greatest challenges faced by depots. Technology has facilitated and provided consumers with the option to purchase goods with just the click of a mouse. The global ecommerce industry is growing at an incredible pace and the buyers expectations pertaining to the availability and speed of delivery cannot be neglected by the online stores, thereby creating the need for efficient parcel sorting solutions.
Rising industrial automation is one of the most prominent factors aiding the parcel sorting systems market growth. The disruption caused by Industrial Internet of Things (IoTs) and Industry 4.0 has led manufacturers across various industries to actively adopt advanced automation solutions in order to lower the costs and improve productivity. Another important factor complimenting the demand growth for parcel sorting systems is the unprecedented rise of the e-commerce industry. Rapid internet expansion coupled with growing mobile devices penetration especially in emerging markets is playing a significant part in this growth. The humungous volume of shipments calls for the need for efficient parcel sorting solutions, a factor influencing the parcel sorting systems market growth positively. With increasing labor costs and the growing focus of industries towards improving efficiency is expected to create a favorable environment for the parcel sorting systems market to further flourish. However, the fact that the deployment and maintenance costs associated with parcel sorting systems are high, might act as a restraining factor for the market growth. In addition, government regulations against automation might act another challenge for the parcel sorting systems market growth in the years to come.
Technological improvements pertaining to advanced scanning capabilities is one of the trends witnessed in the market. These improvements are aimed at further enhancing the label read rates and product identification in order to minimize manual intervention thereby enabling delivery organizations to manage costs and manpower schedules in a better manner.
Key Players Identified in the Parcel Sorting Systems Market include but are not limited to:
MHS Global, BOWE SYSTEC GMBH, BEUMER GROUP, Okura Yusaki Co., Ltd., Pitney Bowes Inc and Others.
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Parcel Sorting Systems market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Parcel Sorting Systems market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Type
Linear Parcel Sorting Systems
Loop Parcel Sorting Systems
Offering
Hardware
Software
Services
End-user Industry
E-commerce
Logistics
Pharmaceuticals
Airports
Food and Beverages
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Parcel Sorting Systems market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Parcel Sorting Systems market?
Which is the largest regional market for Parcel Sorting Systems market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Parcel Sorting Systems market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Parcel Sorting Systems market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Parcel Sorting Systems Market
- 2.2. Global Parcel Sorting Systems Market, By Type, 2022 (US$ Million)
- 2.3. Global Parcel Sorting Systems Market, By Offering, 2022 (US$ Million)
- 2.4. Global Parcel Sorting Systems Market, By End-user Industry, 2022 (US$ Million)
- 2.5. Global Parcel Sorting Systems Market, By Geography, 2022 (US$ Million)
- 2.6. Attractive Investment Proposition by Geography, 2022
3. Parcel Sorting Systems Market: Competitive Analysis
- 3.1. Market Positioning of Key Parcel Sorting Systems Market Vendors
- 3.2. Strategies Adopted by Parcel Sorting Systems Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Parcel Sorting Systems Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Parcel Sorting Systems Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Linear Parcel Sorting Systems
- 5.3.2. Loop Parcel Sorting Systems
6. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Hardware
- 6.3.2. Software
- 6.3.3. Services
7. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Growth & Revenue Analysis: 2022 Versus 2031
- 7.3. Market Segmentation
- 7.3.1. E-commerce
- 7.3.2. Logistics
- 7.3.3. Pharmaceuticals
- 7.3.4. Airports
- 7.3.5. Food and Beverages
8. North America Parcel Sorting Systems Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 8.3. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 8.4. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 8.5.Parcel Sorting Systems Market: By Region, 2021-2031, USD (Million)
- 8.5.1.North America
- 8.5.1.1. U.S.
- 8.5.1.1.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 8.5.1.1.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 8.5.1.1.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 8.5.1.2. Canada
- 8.5.1.2.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 8.5.1.2.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 8.5.1.2.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 8.5.1.3. Rest of North America
- 8.5.1.3.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 8.5.1.3.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 8.5.1.3.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
9. UK and European Union Parcel Sorting Systems Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.3. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.4. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.Parcel Sorting Systems Market: By Region, 2021-2031, USD (Million)
- 9.5.1.UK and European Union
- 9.5.1.1. UK
- 9.5.1.1.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.1.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.1.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.1.2. Germany
- 9.5.1.2.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.2.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.2.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.1.3. Spain
- 9.5.1.3.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.3.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.3.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.1.4. Italy
- 9.5.1.4.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.4.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.4.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.1.5. France
- 9.5.1.5.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.5.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.5.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 9.5.1.6. Rest of Europe
- 9.5.1.6.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 9.5.1.6.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 9.5.1.6.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
10. Asia Pacific Parcel Sorting Systems Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.3. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.4. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.Parcel Sorting Systems Market: By Region, 2021-2031, USD (Million)
- 10.5.1.Asia Pacific
- 10.5.1.1. China
- 10.5.1.1.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.1.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.1.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.1.2. Japan
- 10.5.1.2.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.2.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.2.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.1.3. India
- 10.5.1.3.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.3.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.3.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.1.4. Australia
- 10.5.1.4.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.4.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.4.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.1.5. South Korea
- 10.5.1.5.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.5.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.5.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 10.5.1.6. Rest of Asia Pacific
- 10.5.1.6.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 10.5.1.6.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 10.5.1.6.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
11. Latin America Parcel Sorting Systems Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 11.3. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 11.4. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 11.5.Parcel Sorting Systems Market: By Region, 2021-2031, USD (Million)
- 11.5.1.Latin America
- 11.5.1.1. Brazil
- 11.5.1.1.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 11.5.1.1.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 11.5.1.1.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 11.5.1.2. Mexico
- 11.5.1.2.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 11.5.1.2.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 11.5.1.2.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 11.5.1.3. Rest of Latin America
- 11.5.1.3.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 11.5.1.3.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 11.5.1.3.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
12. Middle East and Africa Parcel Sorting Systems Market, 2021-2031, USD (Million)
- 12.1. Market Overview
- 12.2. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 12.3. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 12.4. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 12.5.Parcel Sorting Systems Market: By Region, 2021-2031, USD (Million)
- 12.5.1.Middle East and Africa
- 12.5.1.1. GCC
- 12.5.1.1.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 12.5.1.1.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 12.5.1.1.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 12.5.1.2. Africa
- 12.5.1.2.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 12.5.1.2.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 12.5.1.2.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
- 12.5.1.3. Rest of Middle East and Africa
- 12.5.1.3.1. Parcel Sorting Systems Market: By Type, 2021-2031, USD (Million)
- 12.5.1.3.1. Parcel Sorting Systems Market: By Offering, 2021-2031, USD (Million)
- 12.5.1.3.1. Parcel Sorting Systems Market: By End-user Industry, 2021-2031, USD (Million)
13. Company Profile
- 13.1. MHS Global
- 13.1.1. Company Overview
- 13.1.2. Financial Performance
- 13.1.3. Product Portfolio
- 13.1.4. Strategic Initiatives
- 13.2. BOWE SYSTEC GMBH
- 13.2.1. Company Overview
- 13.2.2. Financial Performance
- 13.2.3. Product Portfolio
- 13.2.4. Strategic Initiatives
- 13.3. BEUMER GROUP
- 13.3.1. Company Overview
- 13.3.2. Financial Performance
- 13.3.3. Product Portfolio
- 13.3.4. Strategic Initiatives
- 13.4. Okura Yusaki Co., Ltd.
- 13.4.1. Company Overview
- 13.4.2. Financial Performance
- 13.4.3. Product Portfolio
- 13.4.4. Strategic Initiatives
- 13.5. Pitney Bowes Inc
- 13.5.1. Company Overview
- 13.5.2. Financial Performance
- 13.5.3. Product Portfolio
- 13.5.4. Strategic Initiatives
- 13.6. Others
- 13.6.1. Company Overview
- 13.6.2. Financial Performance
- 13.6.3. Product Portfolio
- 13.6.4. Strategic Initiatives