By 2032, the parcel sortation systems market is expected to be worth US$ 2.7 billion, with a compound annual growth rate (CAGR) of 6.7% from 2022 to 2032. In 2022, the market is estimated to have a value of US$ 1.4 billion.
The Parcel Sortation Systems market is witnessing unprecedented growth, driven by the surge in e-commerce activities globally. As consumers increasingly shift towards online shopping, the need for efficient and rapid parcel sorting has become paramount. Parcel sortation systems play a crucial role in streamlining the logistics and supply chain processes, ensuring timely and accurate delivery of packages.
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The market is characterized by a diverse range of sorting technologies, including tilt tray, cross-belt, and push tray systems, each catering to specific requirements of the industry. Advanced technologies such as artificial intelligence and machine learning are being integrated into these systems to enhance sorting accuracy and efficiency further.
Market Opportunity:
The e-commerce boom, accelerated by the COVID-19 pandemic, presents a significant opportunity for the parcel sortation systems market. As online shopping becomes a norm rather than an exception, logistics companies are under increasing pressure to handle higher volumes of parcels while maintaining operational efficiency. This surge in demand has opened up avenues for innovations in sortation systems, with companies investing in research and development to meet the evolving needs of the market.
Moreover, the growing trend of same-day and next-day deliveries has necessitated the adoption of highly automated and intelligent sortation systems. This creates an opportunity for market players to develop and offer cutting-edge solutions that can handle the complexities of modern supply chain requirements.
Market Challenges:
While the market presents ample opportunities, it is not without its challenges. One of the primary challenges is the high initial investment required for implementing advanced parcel sortation systems. Smaller logistics players and businesses might find it financially burdensome to adopt these technologies, limiting the market penetration in certain segments.
Additionally, the rapid evolution of e-commerce and logistics technologies poses a challenge for manufacturers and operators to keep pace with the changing landscape. Adapting to new trends and integrating emerging technologies requires continuous investment and a proactive approach to stay competitive in the market.
Key Players:
Competitive Landscape:
The global parcel sortation systems market is highly competitive and fragmented, with key manufacturers adopting strategies such as product launches, heavy investment in research and development, partnerships, and acquisitions to maintain and strengthen their market presence. Invata Intralogistics, for example, opened a 406,000-square-foot omnichannel fulfillment center in Florence, New Jersey, for Destination Maternity Corporation in October 2022. The company designed, developed, and managed a warehouse automation system that handled all aspects of Destination Maternity’s retail distribution, e-commerce fulfillment, wholesale distribution, and reverse logistics processing. The system included a Bomb Bay sorter supplying 600 discharge destinations at sortation speeds averaging 15,000 units per hour, 5 narrow belt sorters, 24v routing sorters, linear motion systems, machine interface stations, and 11 merges.
In March 2022, Group unveiled the Split Tray Sorter, an advanced device that automatically sorts conveyed products weighing up to 12 kilograms. Boasting high availability, durability, and fast payback times, the Split Tray Sorter is an ideal solution for logistics service providers, express, courier, and parcel service providers looking to increase the productivity of customer-oriented distribution centers by effectively segregating small parts from other transport items.
Satake launched its latest and largest optical sorter, the “NIRAMI series,” in June 2021. The high-performance Optical Sorter features newly developed optics that detect and differentiate subtle color changes using RGB full-color cameras and optional infrared (IR) cameras. With its various sizes, extra-wide chutes, and customizable configurations, the NIRAMI series is perfect for a wide range of applications and processing capabilities, effectively sorting grains, seeds, pulses, and other items.
Key Segments of Parcel Sortation Systems Industry Research
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