Asia Pacific Parcel Sortation Systems Market By Offering (Hardware - Processors, Cameras, Sensors, Displays, Diverters; Software; Services), Type (Loop Type, Linear Type), Vertical (Logistics, Pharmaceuticals & Medical Supply, Airports, E-Commerce, Food & Beverages)
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Market Report Description
The Asia Pacific Parcel Sortation Systems Market would witness market growth of 10.2% CAGR during the forecast period (2017 - 2023). Automation is used in sorting a number of consumer products such as packaged food & beverages, post & parcels, medicines, textiles, and others. Retail businesses have changed their traditional production and distribution systems and adopted different modern platforms such as e-Commerce.
The E-commerce platform has opened varied selling models, and customers are readily accepting the virtual platform as transactions are seamless. Due to the rapid adoption of e-commerce trends, companies are incorporating sortation systems in their distribution centers (DCs) to address the rapidly changing needs of both in-store and virtual consumers in a timely and efficient manner. Based on Offering, the Parcel Sortation Systems market segments the market into Hardware, Software, and Services. Hardware Type includes Processors, Cameras, Sensors, Displays, Diverters, and Others.
Based on Type, the market report segments the market into Loop Type and Linear Type. Based on Vertical, the market report segments the market into Logistics, Pharmaceuticals & Medical Supply, Airports, E-Commerce, Food & Beverages, and Others. Based on Countries, the Parcel Sortation Systems market segments the market into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the Asia Pacific Parcel Sortation Systems Market. Key companies profiled in the report include Siemens AG, Vanderlande, BEUMER Group, Honeywell International, Inc. (Intelligrated), Bastian Solutions, LLC, Fives Group, KION Group (Dematic), Interroll, Muratec, and Invata Intralogistics, Inc.