Parcel Sortation Systems Market Worth $ 3.2 Billion, Globally, by 2026 at 9.6% CAGR: Verified Market Research
JERSEY CITY, N.J., Nov. 16, 2020 /PRNewswire/ -- Verified Market Research recently published a report, "Parcel Sortation Systems Market by Component (Hardware, Software, Service), by Type (Linear Parcel Sortation Systems, Loop Parcel Sortation Systems), by End-User Industry (Logistics, E-Commerce, Airports, Pharmaceuticals and Medical Supply, Food & Beverages), Geography". According to Verified Market Research, the Global Parcel Sortation Systems Market was valued at USD 1.3 Billion in 2018 and is projected to reach USD 3.2 Billion by 2026, growing at a CAGR of 9.6% from 2019 to 2026.
Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample/?rid=3906
Browse in-depth TOC on "Parcel Sortation Systems Market"
202 - Pages
Global Parcel Sortation Systems Market Overview
The expenditure of the companies is increasing due to the availability of highly skilled labor which has led to high per capita labor and demand. Thus, the companies are employing automated systems which will help in reducing the labor costs and demands and will also provide high accuracy in the process. The rising needs for automated systems in various industries are anticipated to drive the growth of the global parcel sortation systems market. The widespread adoption of IoT technology has provided a lucrative opportunity for the manufacturers in the parcel sortation systems market. The integration of IoT in parcel sortation systems offers better visibility of the location of the product. It connects various departments of sortation such as labeling, packaging, others very efficiently. Owing to all these factors the global parcel sortation systems market is flourishing.
However, some restraints are liming the growth of the global parcel sortation systems market. The cost associated with the high deployment and maintenance is expected to hamper the growth of the global parcel sortation systems market. Also, the real-time technical challenges and formulation of government regulations against automation are some of the challenges that are hindering the growth ofthe global parcel sortation systems market. Some of the major players such as Bastian Solutions, Fives, Intelligrated, BEUMER Group, Vanderlande, Muratec, Dematic, Siemens, Interroll, and Invata Intralogisitcs.
Verified Market Research has segmented the Global Parcel Sortation Systems Market on the basis of Type, Component, End-User Industry, And Geography.
Browse Related Reports:
E-commerce Automotive After Market by Platform (Third Party Retailers, Direct to Customer), by Parts (Replacement Parts, Accessories), Geography, Forecast, 2020-2027
Tonneau Covers Consumption Market by Type (Hard Tonneau Covers and Soft Tonneau Covers), By Application (OEM and Aftermarket), Geography, Forecast, 2020-2027
Automotive Millimeter- Wave Radar IC Market by Manufacturing Technology (GaAs, RF CMOS, SiGe-Bi CMOS), by Application (Parking Assist, Forward-Collision Warning, Blind Spot Detection (BSD), Automatic Emergency Braking System (AEBS), Adaptive Cruise Control (ACC)), by Product Type (24 GHz, 77 GHz), Geography, Forecast, 2019-2026
Dashboard Camera Market by Technology (Basic, Advanced, Smart Car DVR), by Type (Single Channel, Dual Channel), by End Use (Automotive, Automotive Aftermarket, Fleet Management), Geography, Forecast, 2020-2027
Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.
We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.
Mr. Edwyne Fernandes
Connectivity Management: Change is Gonna Come
Session Details TBA