The North America parcel sortation system market was valued at US$ 791.32 million in 2022 and is expected to reach US$ 1,235.77 million by 2030; it is estimated to grow at a CAGR of 5.7% from 2022 to 2030.
Rising Production Volume of Consumer Goods and Increasing Adoption of Automated Technologies Fuels the North America Parcel Sortation System Market
The rise in the global population is tremendously increasing the demand for multiple product categories in the automotive, pharmaceutical, retail, electronics, food & beverage, and many other industries. To cater to this rising demand, manufacturers are making several efforts to increase their production significantly, which is generating an extensive requirement for sorting and storage facilities. Warehouses, storage centers, and distribution centers play a vital role in maintaining stocks of consumer goods in various companies. Minimal damage to the products while storage, low storage costs, and ease of sorting are a few significant features of an efficient storage and sortation system, which are contributing to its demand among manufacturers and supply chain partners.
Moreover, the adoption of different automated technologies is consistently growing across the globe. The manufacturing industry is a major adopter of automated technologies owing to the increasing labor cost as well as the aging population. The automated technologies also facilitated the manufacturing industry to increase their production volume and generate high revenues. With the growing number of consumer goods, the parcel sortation facility centers are challenged by the inefficiency of the traditional parcel sortation systems, such as sorting huge volumes of parcels, shorter processing windows, and increasing technical errors. Hence, to overcome this challenge and easily sort the parcels in the designated segments, warehouses, logistics facility centers, airports, and dockyards are increasingly procuring automated technologies. This factor is driving the parcel sortation systems market.
North America Parcel Sortation System Market Overview
The North America parcel sortation system market is segmented into the US, Canada, and Mexico. The parcel sortation system market in North America has been growing steadily; it is driven by huge export-import volumes of various consumer goods, coupled with the trade agreements of North American countries with other countries. Also, the rise in e-commerce has resulted in a rise in the number of parcels, and a robust logistics infrastructure for air transportation systems has also boosted the parcel sortation system market in North America. Further, the presence of leading logistics companies such as UPS, FedEx, Amazon Logistics, and DHL Express, as well as a few major manufacturers of parcel sortation systems such as Bastian Solutions Inc; Honeywell Intelligrated; Tompkin Robotics; and Dematic, are boosting the parcel sortation system market in North America.
North America Parcel Sortation System Market Revenue and Forecast to 2030 (US$ Mn)
North America Parcel Sortation System Market Segmentation
The North America parcel sortation system market is segmented product type, application, and country.
Based on product type, the North 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 the largest market share in 2022.
Based on application, the North 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 the largest market share in 2022.
Based on country, the North America parcel sortation system market is segmented into the US, Canada, and Mexico. The US dominated the North America parcel sortation system market share in 2022.
Bastian Solutions LLC, BEUMER Group GmbH & Co KG, Daifuku Co Ltd, Dematic Corp, Honeywell International Inc, Interroll Holding GmbH, Siemens Logistics GmbH, Vanderlande Industries BV, and Viastore SYSTEMS GmbH are some of the leading companies operating in the North America parcel sortation system market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 791.32 Million |
| Market Size by 2030 | US$ 1,235.77 Million |
| CAGR (2022 - 2030) | 5.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America Parcel Sortation System Market is valued at US$ 791.32 Million in 2022, it is projected to reach US$ 1,235.77 Million by 2030.
As per our report North America Parcel Sortation System Market, the market size is valued at US$ 791.32 Million in 2022, projecting it to reach US$ 1,235.77 Million by 2030. This translates to a CAGR of approximately 5.7% during the forecast period.
The North America Parcel Sortation System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Parcel Sortation System Market report:
The North America Parcel Sortation System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Parcel Sortation System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Parcel Sortation System Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+1 646 791 7070
sales@businessmarketinsights.com
Get Free Sample For North America Parcel Sortation System Market
