At 9.2% CAGR, the Asia Pacific Parcel Sortation System Market is projected to be worth US$ 1,301.03 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific parcel sortation system market was valued at US$ 643.93 million in 2022 and is expected to reach US$ 1,301.03 million by 2030, registering a CAGR of 9.2% from 2022 to 2030. Significant rise in e-commerce business and growing demand for high-performance hardware units are among the critical factors attributed to the Asia Pacific parcel sortation system market expansion.             

The e-commerce industry has matured immensely over the years in developed economies as well as developing nations. Customers can purchase and receive the goods at the most convenient location through e-commerce platforms. With rise in internet penetration and the ease of online shopping, the number of products ordered online has increased. The International Telecommunication Union (ITU) predicted that over 5.3 billion people would utilize the Internet globally in 2022, representing 66% of the population and recording 6.1% increase over 2021, up from 5.1% in 2020. In addition, people are increasingly opting for online shopping, which is increasing the number of parcels in warehouses and parcel delivery centers. Walmart recorded 6.3% market share, followed by Apple (3.9%). Owing to the factors mentioned above, the parcel sortation facility centers are heavily investing in upgrading their traditional parcel sortation systems to technologically advanced sortation systems. Also, the parcel delivery management center needs to maintain the parcels during sortation, which is increasing the procurement of a number of technologically advanced parcel sortation systems. In addition, from receiving the goods to packaging and shipping, the state-of-the-art sortation systems play a vital role in the e-commerce industry. Thus, the significant rise in e-commerce business is driving the Asia Pacific parcel sortation system market.

On the contrary, technological, and technical complexities hampers on the growth of Asia Pacific parcel sortation system market. 

Based on product type, the Asia Pacific parcel sortation system market is segmented into pop-up sorters, shoe sorters, cross belt sorters, tilt tray sorters, pushtray, and others. The cross belt sorters segment held 31.0% share of Asia Pacific parcel sortation system market in 2022, amassing US$ 199.46 million. It is projected to garner US$ 368.94 million by 2030 to expand at 8.0% CAGR during 2022–2030.

Based on application, the Asia Pacific parcel sortation system market is segmented into logistics industry, e-commerce industry, food & beverages industry, post and parcel services, airports, pharmaceutical industry, and others. The others segment held 27.2% share of Asia Pacific parcel sortation system market in 2022, amassing US$ 175.43 million. It is projected to garner US$ 337.40 million by 2030 to expand at 8.5% CAGR during 2022–2030.

Based on country, the Asia Pacific parcel sortation system market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.7% share of Asia Pacific parcel sortation system market in 2022. It was assessed at US$ 217.26 million in 2022 and is likely to hit US$ 435.84 million by 2030, exhibiting a CAGR of 9.1% during 2022–2030.            

Key players operating in the Asia Pacific parcel sortation system market are Bastian Solutions LLC, BEUMER Group GmbH & Co KG, Daifuku Co Ltd, Honeywell International Inc, Interroll Holding GmbH, Murata Machinery Ltd, Siemens Logistics GmbH, and Vanderlande Industries BV, among others.

• In 2023, Siemens Logistics has secured a contract to deploy its baggage handling and sorting technology at the new Terminal 2 (T2) in China’s Hefei Xinqiao Airport. Under the contract, Siemens Logistics will deliver its VarioTray Individual Carrier System to ensure seamless baggage handling.

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