Asia-Pacific to Dominate the Parcel Sortation System Market

Introduction

Asia-Pacific’s digital economy has experienced drastic growth in recent times. India and China are the fastest-growing e-commerce marketplaces, driven by demographic profiles, increasing internet penetration, and excellent economic performance. The region’s startup ecosystem is growing at an exponential rate, owing to the favorable FDI policies, government incentives, as well as internet initiatives by market players. For instance, in India, 100% FDI is permitted in B2B e-commerce under the automatic route, presenting ample growth opportunities for business with e-commerce.

Rapidly growing e-commerce in the region, supported by increasing consumer disposable income, is a significant driver for logistics, marking a vital point of differentiation between market players aiming for speedy and accurate delivery. The growing logistics and distribution sectors are prompting the owners to use parcel sortation systems to provide better customer service.

Impact of COVID-19

The COVID-19 outbreak is expected to take a significant toll on the market due to disruption in the global supply chain, which may take a longer time to recuperate. Overall the e-commerce business is sluggish, and the construction of new distribution centers, warehouses, and airports is stalled, which are the primary end-users of parcel sortation systems. All these factors are likely to impact the market.

 

Competitive Players

1. Microsoft
2. IBM
3. PTC Inc.
4. SAP SE
5. Hitachi
6. ABB
7. Amazon
8. Bosch
9. Emerson
10. Fujitsu Ltd.
11. General Electronics
12. Rockwell Automation
13. Schneider Electric
14. Siemens Electric Telit

Recent Developments

Recent Developments

• October 2023- Ambi Robotics, a company specializing in AI-driven robotic sorting solutions for supply chain operations, and Pitney Bowes Inc., a global shipping and mailing company offering technology, logistics, and financial services, jointly announced the successful implementation of the AmbiSort B-Series modular parcel induction and sorting solution for middle-mile operations.
• November 2023- Guernsey Post finished the installation of an automated system for sorting parcels. The postal service has installed a £1.8 million parcel sorting machine at its Envoy House headquarters.

Segmentation

1. By Type
   1. Linear Sortation Systems
   2. Loop Sortation Systems
2. By Applications
   1. Retail and E-Commerce
   2. Post and Parcel
   3. Food and Beverage
   4. Pharmaceutical and Medical
   5. Airports
   6. Others