Parcel Sortation Systems Market is expected to grow at a CAGR of 9.1% during the forecast period 2019 – 2027

Bastian Solutions Inc., Daifuku Co. Ltd., Dematic, Honeywell Intelligrated, Murata Machinery, Ltd. – Prominent Market Participants In Parcel Sortation Systems Market

The e-commerce industry has matured immensely over the years in the developed economies as well as the developing nations. The US and China are the prominent countries helping the E-commerce industry to grow, which represents approximately 70% of the global E-commerce. The major driver for the e-commerce industry is that the customers are able to purchase from and receive the goods at the most convenient location. Owing to this the entire e-commerce market is gaining a great deal of attraction and has no sign of decline in the next couple of years. With the rise in penetration of smartphones and internet facilities in the developed countries and developing nations, the consumers are increasingly opting for online shopping, which is increasing the number of parcels in every warehouse and parcel delivery centers. Pertaining to this, the parcel sortation facility centers are heavily investing in up grading their traditional parcel sortation systems to technologically advanced sortation systems, which is bolstering the parcel sortation systems market across the globe in the current scenario. Additionally, from receiving the goods to packaging and shipping, the state-of-the-art sortation systems play a vital role in the e-commerce industry. Also the parcel delivery center managements need to maintain the parcels during sortation, which is increasing the procurement of number of technologically advanced parcel sortation systems.

The most prominent market players in parcel sortation systems market are Bastian Solutions Inc., Daifuku Co. Ltd., Dematic, Honeywell Intelligrated, and Murata Machinery, Ltd. among others for a considerable share of the market owing to their product offerings to the market. Companies have taken several market initiatives in order to expand their footprint across the world and to fulfill the growing demand of the market. In 2019, BEUMER Group signed a $33 million agreement with Aruba Airport Authority N.V. Through the agreement, the company would offer design and installation of high-speed baggage transportation and sortation system at Aruba’s Queen Beatrix International Airport. Also, Vanderlande launched new Manufacturing and Distribution Center in Georgia (GA), USA.

Players present in the parcel sortation systems market takes steps to strengthen their services portfolio in order to have high clientele. To accomplish this goal, companies take initiatives in respect to merger & acquisitions of other players which would eventually help to enhance their logistic services. The players present in parcel sortation systems market mainly concentrate towards the merger and acquisition of other players to increase business revenue, geographical imprints throughout the globe. Most of the merger & acquisitions were observed in North America.

The players present in parcel sortation systems market mainly concentrate towards the partnership, collaborations, agreements and other activities for the deployment of new technological solutions across the world permit the company maintain its brand name globally. Most of the market initiative were observed in North America region, which have high potential of parcel sortation systems market related services. Few on the important market initiatives and acquisitions from the industry are mentioned below:

Year News Country
2019 BEUMER Group signed a $33 million agreement with Aruba Airport Authority N.V. Through the agreement, the company would offer design and installation of high-speed baggage transportation and sortation system at Aruba’s Queen Beatrix International Airport. South America
2019 Vanderlande launched new Manufacturing and Distribution Center in Georgia (GA), USA, through the new facility customers in Los Angeles, Chicago O’Hare, Vancouver and Atlanta will be served with the products. North America
2018 Bastian Solutions opened its newest office in Tampa, Florida. The expansion has helped by bringing local support to serve existing Bastian Solutions clients as well as the opportunity to assist new customers with their automation needs. North America
2018 Bastian Solutions acquired Peach State Integrated Technologies, a strategic supply chain consulting, engineering, and material handling integration firm headquartered in Atlanta, Georgia, USA. The acquisition has improved the later company’s growth strategy, by offering clients an expanded network of services and knowledgeable supply chain professionals. North America

 

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