Global Parcel Sorting Systems Market Report 2022: The market is projected to reach $1.8 billion by 2026

DUBLIN, April 14, 2022 /PRNewswire/ — The “Parcel Sorting Systems – Global Market Development and Analysis” Report has been added ResearchAndMarkets.com Offer.

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Reaching Global Parcel Sorting Systems Market $1.8 billion until 2026

Amid the COVID-19 crisis, the global Parcel Sorting Systems Market is estimated at $1.3 billion in 2020 is expected to reach a revised size of $1.8 billion to 2026 and growing at a CAGR of 6.7% over the analysis period.

Technological advances and automation are contributing to positive growth in the parcel and postal solutions markets in both developed and developing regions of the world. In particular, the significantly increasing adoption of the technology by warehouse operators, logistics partners, delivery centers and logistics companies in regional countries is driving the growth of the market.

Hardware, one of the segments analyzed in the report, is expected to reach a CAGR of 6.3% $984.8 million until the end of the analysis period. After a thorough analysis of the business impact of the pandemic and the economic crisis it caused, growth in the Software segment is adjusted to a revised annual growth rate of 6.9% for the next 7 years. This segment currently accounts for a 33.2% share of the global parcel sorting systems market.

The US market is estimated at $306.1 million by 2021, while China is expected to achieve $237.9 million until 2026

The package sorting systems market in the United States is estimated at $306.1 million in 2021. The country currently has a 23.26% share of the world market. Chinathe second largest economy in the world, is expected to reach an estimated market size of $237.9 million in 2026 with a CAGR of 8.5% over the analysis period.

Among the other notable geographic markets are Japan and Canada, forecasting growth of 5.3% and 5.7%, respectively, over the analysis period. Inside Europe, Germany is forecast to grow at approx. 6.3% CAGR while reaching the rest of the European market (as defined in the study). $260.4 million until the end of the analysis period.

The market is expected to be driven by the need for automation, high labor costs, and fast-growing e-commerce. Asian economies with large populations and substantial disposable incomes are expected to sustain e-commerce growth. The same is also likely to have a positive impact on and boost the growth of the parcel sorting systems market. A mature e-commerce industry continues to expand and find growing acceptance around the world.

China and the US alone accounts for over 60% of global e-commerce. Ease of purchase and convenient delivery options have contributed to widespread adoption of e-commerce. Online shopping was largely driven by the e-commerce revolution. The increasing use of smartphones combined with an improved data network has helped boost the online shopping industry. Online retail has seen the development of support infrastructures such as parcel warehouses and delivery centers. The postal industry also needs a higher degree of automation for the sorting of parcels and their delivery.

While the volume of traditional mail has declined significantly, the industry also faces several challenges, both operational and design. In addition, emerging demand for warehouse management systems is expected to drive growth in emerging markets. Other key factors driving the growth of the market are the increasing demand for automated technologies and the significant growth observed in the global e-commerce market.

Service segment to be reached $309.4 million until 2026

In the global Services segment United States of America, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets together make up a market size of $159.4 million reach a projected size of in 2020 $257.4 million until the end of the analysis period.

China will be among the fastest growing in this cluster of regional markets. Led by countries such as Australia, Indiaand South Koreathe market one Asia Pacific is forecast to achieve $26.8 million by 2026, while Latin America will expand at a CAGR of 8.4% during the analysis period.

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 on the parcel industry

  • The COVID-19 pandemic is causing huge backlogs for the US parcel industry

  • Postal service delays in the United States of America

  • The distress of South Korea Delivery workers during COVID-19

  • Automation is the name of the game

  • An introduction to parcel sorting systems

  • Sorting systems by type

  • Sorting systems for the mail department

  • Global market prospects and outlook

  • E-commerce to enable greater market penetration

  • Technology to drive new innovations

  • AI for new solutions

  • challenges and growth opportunities

  • market segmentation

  • Developed Markets: Traditional revenue drivers for the parcel sorting systems market

  • Developing markets to impel future growth in Parcel Sorting Systems market

  • competitive scenario

  • Current market activity

2. FOCUS ON SELECTED PLAYERS (total 60 recommended)

  • Alstef Automation SA

  • Bastian Solutions, LLC

  • Beumer group

  • Bowe Systems GmbH

  • Daifuku Co. Ltd.

  • Dematic

  • equinox

  • Falcon Autotech Private Limited

  • fiver

  • GBI Intralogistics, Inc.

  • GreyOrange

  • Honeywell International Inc

  • Interroll Group

  • Intralox, LLC

  • Invata intralogistics

  • Murata Machinery,Ltd.

  • Okura Yusoki Co.Ltd.

  • Pitney Bowes Inc.

  • Siemens Logistics GmbH

  • Solystic SAS

  • Vanderlande Industries BV

  • Viastore systems

3. MARKET TRENDS & DRIVERS

  • Parcel sorting robots of different sizes are spreading the market

  • AI-based robots for parcel sorting and singulation improve productivity

  • Intertwined robotic sorting solutions seek role

  • Circle sorters and line sorters continue to make profits

  • Advanced parcel sorting systems strengthen the order fulfillment process

  • Parcel supply chain trends favor market expansion

  • Increasing demand for high-volume parcel sorting systems

  • High-speed parcel sorting systems make a cut

  • Parcel sorting systems to expand footprint in the CEP industry

  • Parcel sorting automation: Crucial for logistic companies

  • The continued emphasis on postal automation expands opportunities for parcel sorters

  • Rapid growth of the e-commerce industry is driving the demand for parcel sorting systems

  • Various aspects influence the acceptance of sorting systems in e-commerce

  • Advanced sorting systems are coming to the fore to meet the growing demands of e-commerce businesses

  • Growing e-commerce drives demand for automated G2P systems

  • Automated parcel delivery transforming the last mile

  • Automated parcel sorting solutions to improve the addressable market

  • Automated sorting systems increase efficiency and reduce costs

  • Technological advances and innovations to support the future expansion of the market

  • The growing use of sorting systems in various fields increases the demand for parcel sorting systems

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report, see https://www.researchandmarkets.com/r/rcsnw0

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