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According to the new report titled "Parcel Sortation System Market by Offering (Hardware, Software, and Services), System Type (Linear Parcel Sortation Systems and Loop Parcel Sortation Systems), and End-User Industry (E-Commerce, Logistics, Airports, Food & Beverages, Pharmaceuticals & Medical Supply, and Others) - Global Analysis to 2023", the valuation of the parcel sortation system market was $1.62 Billion in 2017 and is projected to reach $2.39 Billion by 2023, at a CAGR of 9.61% from 2018 to 2023.

The factors such as the evolution in e-commerce sector, increasing labor cost and industrial automation, and automation into the shipment processes have driven growth in the parcel sortation system market.

Linear parcel sortation systems dominated the parcel sortation system market

Linear parcel sortation systems accounted for the highest share in the parcel sortation system market in 2017. The linear parcel sortation systems provide reliable, high-speed unit, and parcel sortation. Furthermore, capacity to sort diverse kinds of parcel by linear parcel sortation systems have driven the demand for linear parcel sortation systems in parcel sortation system market.

E-commerce held the largest chunk of the parcel sortation system market share

E-commerce held the largest share in the market in 2017. The growth in the online shopping and huge number of parcels to be sorted for delivering global customers have raised the demand for parcel sortation system in the e-commerce end-user industry.

Europe led the parcel sortation system market in 2017

Europe dominated the parcel sortation system market in 2017. The existence of noticeable logistics and e-commerce companies in the region have driven growth of the market. Further, the expansion of existing airports has raised the demand for parcel sortation system in Europe. High investment for reducing the sortation time has supplemented this demand.

Key market players operating in the market that are profiled in the report are Siemens (Germany), Vanderlande (Netherlands), BEUMER Group (Germany), Intelligrated (U.S.), Bastian Solutions (U.S.), Dematic (U.S.), Fives (France), Muratec (Japan), Interroll (Germany), Invata Intralogisitcs (U.S.), Viastore (Germany), Okura Yusoki (Japan), GBI Intralogistics (U.S.), Equinox Mhe (Netherlands), and Pitney Bowes (U.S.)

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