The global parcel sortation systems market accounted to US$ 1.32 Bn in 2018 and is expected to grow at a CAGR of 9.1% during the forecast period 2019 – 2027, to account to US$ 3.09 Bn by 2027.
Europe was the leading geographic market and it is anticipated to be the highest revenue contributor throughout the forecast period. The constantly rising demand for automation among European industries is set to nurture the parcel sortation systems market in the European region.
Parcel Sortation Systems Market study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.
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- Bastian Solutions
- Daifuku Co. Ltd.
- Honeywell Intelligrated
- Murata Machinery, Ltd.
- Interroll Holding GmBH
- Invata Intralogistics
- Beumer Group
- Viastore Systems
- Vanderlande Industries B.V.
This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the Parcel Sortation Systems Market is mentioned in fine points with solutions and suggestions that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.
The reports cover key developments in the Parcel Sortation Systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from Parcel Sortation Systems market are anticipated to lucrative growth opportunities in the future with the rising demand for Parcel Sortation Systems in the global market. Below mentioned is the list of few companies engaged in the Parcel Sortation Systems market.
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New market initiatives were observed as the most adopted strategy in global parcel sortation systems industry. Few of the recent market initiatives are listed below:
2019: BEUMER Group signed a $33 million agreement with Aruba Airport Authority N.V. Through the agreement, the company would offer design and installation of high-speed baggage transportation and sortation system at Aruba’s Queen Beatrix International Airport.
2019: Vanderlande launched new Manufacturing and Distribution Center in Georgia (GA), USA, through the new facility customers in Los Angeles, Chicago O’Hare, Vancouver and Atlanta will be served with the products.
2018: Bastian Solutions opened its newest office in Tampa, Florida. The expansion has helped by bringing local support to serve existing Bastian Solutions clients as well as the opportunity to assist new customers with their automation needs.
Parcel Sortation Systems Market – By Type
- Linear Parcel Sortation System
- Loop Parcel Sortation System
Parcel Sortation Systems Market – By End-User Industry
- Food & Beverages
- Post & Parcel
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This post was originally published on The Picayune Current