The parcel sortation system market has seen strong growth recently, with its size rising from $1.78 billion in 2023 to $1.94 billion in 2024, reflecting a compound annual growth rate (CAGR) of 9.1%. This growth is driven by the expansion of omnichannel retailing, increased cross-border e-commerce, a rise in subscription box services, greater awareness of green logistics, and a focus on reducing delivery errors. Looking forward, the market is expected to continue its strong growth, reaching $2.77 billion by 2028, with a CAGR of 9.3%. This future growth can be attributed to the increasing volume of e-commerce, higher demand for automation, rising urbanization, increased investments in logistics infrastructure, and growing demand for same-day delivery. Major trends include technological advancements, AI integration, IoT adoption, utilization of big data, and the shift towards cloud-based sortation solutions.
Global Parcel Sortation System Market Key Driver
The growing e-commerce industry is expected to drive the growth of the parcel sortation system market. The e-commerce sector involves buying and selling goods and services over the Internet and is expanding due to factors such as convenience, a wide range of products, competitive pricing, ease of comparison, and personalized experiences. Parcel sortation systems are crucial in e-commerce, automating and optimizing the sorting and distribution of packages to manage the high volume of parcels efficiently. According to the United States Census Bureau, US retail e-commerce sales reached $289.2 billion in the first quarter of 2024, up 2.1 percent from the fourth quarter of 2023. This growth in e-commerce is driving the development of the parcel sortation system market.
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Global Parcel Sortation System Market Segments
The parcel sortation system market covered in this report is segmented –
1) By Type: Linear Parcel Sortation Systems, Loop Parcel Sortation System, Other Types
2) By Offering: Hardware, Software, Services
3) By Application: Logistics, E-commerce, Airports, Pharmaceuticals and Medical Supply, Food And Beverage, Other Applications
By Geography:The regions covered in the parcel sortation system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the parcel sortation system market in 2023.
Major Parcel Sortation System Industry Players
Honeywell International Inc., Kawasaki Heavy Industries, FANUC America Corporation, Daifuku Co. Ltd., Yaskawa America, Vanderlande, Pitney Bowes Inc., Dematic, Körber AG, Fives, BEUMER Group, TGW Logistics, Interroll Group, Daifuku, Bastian Solutions, Murata Machinery Ltd., Siemens Logistics GmbH, Viastore Systems, National Presort Inc., Böwe Systec, Muratec America, Mantissa Corporation, Okura Yusaki Co. Ltd.
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Parcel Sortation System Market Overview
A parcel sortation system is an automated process that sorts and routes packages based on various criteria, such as destination, size, weight, or carrier. It typically involves the use of conveyor belts, diverters, and specialized sorting equipment to efficiently move and separate parcels into the appropriate shipping lanes or destinations.
Parcel Sortation System Global Market Report 2023 provides data on the global parcel sortation system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The parcel sortation system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
