At 6.6% CAGR, the Europe Parcel Sortation System Market is projected to be worth US$ 1,093.03 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe parcel sortation system market was valued at US$ 653.72 million in 2022 and is expected to reach US$ 1,093.03 million by 2030, registering a CAGR of 6.6% 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 Europe parcel sortation system market expansion.             

Traditional warehouses are transforming into smarter, more connected, and more efficient automated warehouses via Industry 4.0 integration. By integrating, automating, and managing the logistic movement of products within a warehouse, distribution center, or fulfillment center, the implementation of Industry 4.0-based solutions creates an operational environment with optimal output. The increasing deployment of Industry 4.0-based systems implies a shift toward automation of various supply chain tasks such as sorting, picking, and conveying, which is likely to increase the use of parcel sortation methods. In warehouse management and logistics, the integration of Internet of Things (IoT) devices with radio-frequency identification (RFID) and sensors provides various advantages, including reduced labor costs, increased shipment accuracy and speed, improved tracking, and enhanced visibility for retailers. Furthermore, incorporating Al algorithms into parcel sortation systems allows intelligent decision-making. The modular architecture of Industry 4.0 and IOT systems enables simple scaling, allowing for higher package volumes and seamless operation expansion. Thus, the integration of AI, Industry 4.0, and IoT with parcel sorting systems is expected to create enormous growth prospects for players operating in the parcel sortation systems market in the coming years.

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

Based on product type, the Europe 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 Europe parcel sortation system market in 2022, amassing US$ 202.56 million. It is projected to garner US$ 311.02 million by 2030 to expand at 5.5% CAGR during 2022–2030.

Based on application, the Europe 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 27.6% share of Europe parcel sortation system market in 2022, amassing US$ 180.11 million. It is projected to garner US$ 285.97 million by 2030 to expand at 5.9% CAGR during 2022–2030.

Based on country, the Europe parcel sortation system market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that  Germany captured 31.9% share of Europe parcel sortation system market in 2022. It was assessed at US$ 208.47 million in 2022 and is likely to hit US$ 331.19 million by 2030, exhibiting a CAGR of 6.0% CAGR during 2022–2030.            

Key players operating in the Europe parcel sortation system market are BEUMER Group GmbH & Co KG, Daifuku Co Ltd, Honeywell International Inc, Interroll Holding GmbH, Siemens Logistics GmbH, Vanderlande Industries BV, and Viastore SYSTEMS GmbH, among others.

• In 2021, Beumer Group has introduced a new type of small- and medium-sized parcel sortation system. Installed for the first time in Germany, just in time for the peak Black Friday week and Christmas season, the system enables more efficient sorting of the growing number of small and medium-sized e-commerce parcels handled by operators such as DHL.

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