At 8.1% CAGR, the South & Central America Parcel Sortation System Market is projected to be worth US$ 350.75 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the South & Central America parcel sortation system market was valued at US$ 188.63 million in 2022 and is expected to reach US$ 350.75 million by 2030, registering a CAGR of 8.1% 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 South & Central America parcel sortation system market expansion.             

Many parcel sortation systems manufacturers are integrating their products with advanced technologies to gain customer attraction. However, the integration of advanced technologies and software is increasing the upfront cost of the systems. Thus, these manufacturers are focusing on developing advanced parcel sortation systems with reduced prices of the final products as well as the cost involved in their maintenance. This factor is expected to substantially increase the procurement of such technologies, which can help the warehouses, airports, dockyards, and delivery centers in developing countries to efficiently sort the parcels. Thus, the introduction of cost-effective advanced parcel sortation systems is expected to fuel the parcel sortation systems market growth during the forecast period.

On the contrary, technological, and technical complexities hampers on the growth of South & Central America parcel sortation system market. 

Based on product type, the South & Central America 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 31.3% share of South & Central America parcel sortation system market in 2022, amassing US$ 59.01 million. It is projected to garner US$ 99.82 million by 2030 to expand at 6.8% CAGR during 2022–2030.

Based on application, the South & Central America 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 27.0% share of South & Central America parcel sortation system market in 2022, amassing US$ 50.95 million. It is projected to garner US$ 90.05 million by 2030 to expand at 7.4% CAGR during 2022–2030.

Based on country, the South & Central America parcel sortation system market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 53.1% share of South & Central America parcel sortation system market in 2022. It was assessed at US$  100.14 million in 2022 and is likely to hit US$ 196.07 million by 2030, exhibiting a CAGR of 8.8% during 2022–2030.            

Key players operating in the South & Central America parcel sortation system market are Bastian Solutions LLC, BEUMER Group GmbH & Co KG, Daifuku Co Ltd, Honeywell International Inc, Interroll Holding GmbH, Vanderlande Industries BV, and Viastore SYSTEMS GmbH, among others.

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