Scope of the Study
Parcel Sortation System enables manufacturers or distributors to sort or route the deliverables automatically with the help of RFID tags or many others. The use of automated sorting systems has minimized the lead time as well as reduced the cost incurred in hiring the labors or other distributors. Due to increasing prevalence of E-commerce as well as E trading, the global parcel sorting market will be expected to grow in upcoming years.
The market study is being classified by Type (Linear Parcel Sortation Systems and Loop Parcel Sortation Systems), by Application (Logistics, E-Commerce, Airports, Pharmaceuticals and Medical, Food & Beverages and Others) and major geographies with country level break-up. According to AMA, the Europe Parcel Sortation Systems market is expected to see growth rate of 11.2% and may see market size of USD2.5 Billion by 2024.
Dematic (United States), Vanderlande Industries B.V (TOYOTA) (Netherlands), BEUMER Group GmbH & Co. KG (Germany), BOEWE SYSTEC Group (Germany), Equinox MHE BV (Netherlands), Fives Group (France), Siemens AG (Germany), Interroll Holding Gmbh (Switzerland), Viastore Systems Inc. (Germany), Fives Group (France) and Daifuku Co. Ltd. (Japan) are some of the key players profiled in the study.
Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Europe Parcel Sortation Systems market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Europe Parcel Sortation Systems market by Type, Application and Region.
On the basis of geography, the market of Parcel Sortation Systems has been segmented into Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Switzerland, Rest of Europe). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Distribution Overheads
- Increasing Adoption of E trading as well as E Commerce
- Express Parcel Routing Systems
- Artificially Intelligent Parcel Sortation Systems
- Higher Initial Investment and Maintenance Cost
- Data Violation will Hamper Overall Sorting Process
- Increasing Adoption in Emerging Countries
- Further Technological Advancements
- Stringent Government Regulations Affecting Automation
- Machines or Automated Systems couldn’t Handle Real Time Queries
Market Leaders and their expansionary development strategies
On 30th October, 2018, Murata Machinery, Ltd. has acquired all issued shares of Horibe Machinery Co., Ltd., a leading manufacturer of machine tools. Horibe Machinery and its subsidiaries are now 100% owned subsidiaries of Muratec.
On 11th September 2018, the company has developed the Premex XIO smart automated guidance vehicle (AGV). Premex SIO is a compact floor-type AGV which can load pallets up to a maximum load of 1 ton. The compact body allows the Premex XIO to travel at its maximum travel speed of 120 m/min.
Key Target AudienceDistributors of Parcel Sorter Systems, System Integrators, Technology Consultants, Value-Added Resellers, Government Bodies, Venture Capitalists, and Private Equity Firms, Parcel Sorter Designers and Manufacturers, Logistics and E-Commerce Industries, Research Organizations and Consulting Companies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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