Parcel Sorting System Market, Global Outlook and Forecast 2023-2029

Parcel sortation automation involves the use of technology for package processing, taking care of many of the tasks that would be time-consuming and repetitive to do by hand.
This report aims to provide a comprehensive presentation of the global market for Parcel Sorting System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Parcel Sorting System. This report contains market size and forecasts of Parcel Sorting System in global, including the following market information:
Global Parcel Sorting System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Parcel Sorting System Market Sales, 2018-2023, 2024-2029, (Unit)
Global top five Parcel Sorting System companies in 2022 (%)
The global Parcel Sorting System market was valued at US$ 1467.4 million in 2022 and is projected to reach US$ 3414.7 million by 2029, at a CAGR of 12.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The asia-pacific region was the largest market owner of parcel sorting systems in 2018, with a market share of 42%, followed by Europe and North America, with market shares of 26% and 23%, respectively.In terms of application, it has the largest revenue in the logistics industry in recent years, ranked 2nd and 3rd in e-commerce and airport respectively, and its market share in 2018 is 31%, 27% and 19% respectively. Due to different strategies, the market share gap keeps widening.Over the next seven years, we expect global revenue to grow at a compound annual rate of 13%.At present, the quantity of goods of e-commerce has been increasing exponentially. The general management mode has been unable to correctly manage e-commerce warehouses, and the working speed of workers is far from keeping up with the market demand.The emergence of automatic sorting system is very clever to help e-commerce solve this big problem.The biggest advantage of the automatic sorting system is the automatic operation mode. Different from manual work, the automatic sorting system is more accurate and efficient, and its automatic operation mode can operate 24 hours a day.In the future, e-commerce industry will have a large number of demand for automatic sorting system, and the development prospect of automatic sorting system will be better and better.In this report, there are two types of parcel sorting system: horizontal cross belt sorting machine and vertical cross belt sorting machine.Horizontal cross-belt sorters are the main type of parcel sorting system, accounting for 68% of the global market share in 2018.The technology of parcel sorting system has been relatively mature, new enterprises cannot surpass the reputation and design of existing famous brands in a short time, and the technical and capital barriers in this industry are relatively high.The team therefore recommends that new entrants be carefully considered before entering the field.With the continuous development of science and technology, parcel sorting system will present the following characteristics in the future.Greatly reduce labor intensity, improve efficiency;Accurate sorting, few errors;Easy to assemble, with the characteristics of flexible layout, convenient maintenance, low cost advantages.With the implementation of the "area" initiative, the international competition, the development of logistics industry in China faces enormous challenges, in order to cope with the challenges, the domestic relevant departments and enterprises are also actively, using high technology content of facilities of logistics operations, will need more than two months of original international logistics distribution shortened from a week.But with the development of logistics industry in our country, the industry and consumers for the logistics service level and quality requirements also more and more high, this requires the sorting link of the logistics industry is more and more high quality, at the same time for sorting device selection requirement also gradually improve, from the original only look at to consider sorting equipment system efficiency, safety, environmental protection, maintenance and operation factors such as noise, power consumption, the application scope of automatic sorting system will be more and more widely.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Parcel Sorting System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Parcel Sorting System Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Unit)
Global Parcel Sorting System Market Segment Percentages, by Type, 2022 (%)
    Horizontal Cross - band Sorting Machine
    Vertical Sross - band Sorting Machine
Global Parcel Sorting System Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Unit)
Global Parcel Sorting System Market Segment Percentages, by Application, 2022 (%)
    Logistics
    Electronic Commerce
    Airport
    Medical
    Food & beverage
    Other
Global Parcel Sorting System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Unit)
Global Parcel Sorting System Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Parcel Sorting System revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Parcel Sorting System revenues share in global market, 2022 (%)
Key companies Parcel Sorting System sales in global market, 2018-2023 (Estimated), (Unit)
Key companies Parcel Sorting System sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Vanderlande
    Honeywell
    Siemens
    BEUMER
    Interroll
    Fives
    Dematic
    Bastian Solutions,
    Murata machinery
    Okura Nikko Hotels
    Invata Intralogistics
    GIEICOM
    OMH
    Better Convey
Outline of Major Chapters:
Chapter 1: Introduces the definition of Parcel Sorting System, market overview.
Chapter 2: Global Parcel Sorting System market size in revenue and volume.
Chapter 3: Detailed analysis of Parcel Sorting System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Parcel Sorting System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Parcel Sorting System capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.