How does Parcel Sortation Systems Market Will grow in Upcoming Years? Know about Challenges, Industry Analysis
The parcel sortation system industry has changed considerably over the past few years with technological development. Automation technology has positively impacted every end-user industry and the adoption of different automated technologies are consistently growing in both developed and developing regions. The manufacturing industry is one of the early adopters of automated technologies, which is majorly attributed to the increasing labor cost and ageing population.
The demand for parcel sortation systems among the end user industries is consistently growing attributing to the fact that, the manufacturing industries are rapidly increasing their production in order to meet the surging customer demands. Parcel sortation system is an integral part of any warehousing and distribution centers which reduces the manual tasks of shipping and checking orders in a fulfillment operation. The ecosystem for Parcel Sortation System, involves the component providers, system integrators, consultants, and end-user of these systems.
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Increase in the production volume of consumer goods is boosting the market for parcel sortation systems. Also, significant growth in E-commerce sector is also boosting the growth of the global market. However, technological complexities associated with the use of parcel sortation system may restrain the market growth during the forecast period. Further, growing demand in the warehouse management system and an overall reduction in the cost of parcel sortation system are expected to deliver ample growth opportunity to the industry players in the near future.
Parcel Sortation Systems Market - Company Profiles
- Bastian Solutions Inc.
- Daifuku Co. Ltd.
- Dematic
- Honeywell Intelligrated
- Murata Machinery, Ltd.
- Interroll Holding GmBH
- Invata Intralogistics
- Beumer Group
- Viastore Systems Inc.
- Vanderlande Industries B.V.
Source: The Insight Partners