DUBLIN--(BUSINESS WIRE)--The "Parcel Sortation Systems Market by Type, Offering, End User Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The parcel sortation systems market is likely to be valued at USD 1.31 Billion in 2018 and is expected to reach USD 2.05 Billion by 2023, at a CAGR of 9.3% between 2018 and 2023.
The growth of the parcel sortation systems market is propelled by increasing labor costs, rising industrial automation, and growth in e-commerce. Factors such as emerging application areas of parcel sorting systems and integration of Industry 4.0 and IoT with sorting systems are creating huge growth opportunities for the players in the parcel sortation systems market.
High deployment and maintenance costs are restraining the growth of the parcel sortation systems market. Top companies such as Dematic (US), Muratec (Japan), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (US), Fives (France), Bastian Solutions (US), Siemens (Germany), Interroll (Germany), and Invata Intralogisitcs (US) have adopted the strategies of partnerships and contracts, and expansions to strengthen their position in the parcel sortation systems market.
Dematic has adopted inorganic growth strategies to strengthen its position in the parcel sortation systems market. In November 2015, Dematic acquired Reddwerks, a US-based warehouse execution software provider; in January 2015, the company acquired FSU Investments Limited, a UK-based financial management firm, which holds a major stock in SDI Group Ltd, a UK-based provider of technological solutions to retail, e-commerce, and wholesale companies.
- Based on type, Linear parcel sortation systems held a larger share of the parcel sortation systems market in 2017.
- Among all offerings, the parcel sortation systems market for services is expected to register the highest CAGR between 2018 and 2023.
- Among all end-user industry, the parcel sortation systems market for e-commerce is expected to grow at the highest CAGR between 2018 and 2023.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Parcel Sortation Systems Market, by Offering
7 Parcel Sortation Systems Market, by Type
8 Parcel Sortation Systems Market, by End User
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- Bastian Solutions
- Beumer Group
- Bowe Systec
- Equinox Mhe
- Falcon Autotech
- GBI Intralogistics
- Invata Intralogisitcs
- OCM SRL
- Okura Yusoki
- Pitney Bowes
For more information about this report visit https://www.researchandmarkets.com/research/l74hvz/global_parcel?w=4