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Parcel Sortation System Market Leading Competitors, Regional Trends and Growth 2030

09-09-2024 05:23 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Parcel Sortation System Market size is expected to grow from US$ 2.34 billion in 2022 to US$ 4.07 billion by 2030; it is estimated to record a CAGR of 7.1% during 2022 to 2030.

The global manufacturing industry is expanding with a healthy pace as more and newer regions are investing to adopt manufacturing plants in their localities. The expansion in the manufacturing industry is expected to embrace technological advancements in order to enhance the plant productivity, maintain edge with the customers and gain a competitive advantage.

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Analysis of the Top Market Players:

Bastian Solutions, LLC
Daifuku Co., Ltd.
Dematic
Honeywell International Inc
Murata Machinery, Ltd
Interroll Group
BEUMER GROUP
Viastore systems
Vanderlande Industries B.V.
Siemens Logistics GmbH

In this report, the market has been segmented on the basis of:

Type

Pop-Up Sorters
Shoe Sorters
Cross Belt Sorters
Tilt Tray Sorters
Pushtray

Application

Logistics Industry
E-Commerce Industry
Food & Beverages Industry
Post And Parcel Services
Airports
Pharmaceutical Industry

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The expansion in the manufacturing industry is mainly driven by the economic growth worldwide. The technological revolution in the factories has been encouraging the manufacturing industries to further invest into emerging technologies to enhance their respective productivity and production cycles. Thus, the strong expansion in the manufacturing industry is likely to drive the demand for parcel sortation systems globally.

Asia Pacific region consists of many developing countries which are witnessing a high growth in their manufacturing sector. China has been evolving into a high-skilled manufacturing hub; however, other developing countries such as India, South Korea, Taiwan, and Vietnam are also attracting FDI companies that have been planning to relocate their low to medium skilled manufacturing facilities to neighboring countries that are offering low labor cost and high skilled labor forces. Further, the governments of such countries are making developments to improve their respective investment ideas. Although, challenges including lack of skilled labor, low productivity, and developed infrastructure scarcity are few of the restraints that are required to be addressed to strengthen their position as a key manufacturing hub in the Asia Pacific region, which fuel the adoption of robots and foster the parcel sortation system market growth.

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