PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514900
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514900
Parcel Sorting Robots Market size was valued at USD 39,789.98 Million in 2023, expanding at a CAGR of 11.5% from 2024 to 2032.
E-commerce's exponential expansion has resulted in a huge increase in the amount of packages that require effective sorting solutions. The use of package sorting robots, which improve the efficiency and precision of sorting procedures, is primarily driven by this rise. Parcel sorting robots are becoming more capable and dependable because of ongoing developments in robotics technology, including advances in AI, machine learning, and computer vision. A company's decision to employ robotic systems may be influenced by the difficulty of integrating them into the current logistical infrastructure as well as the requirement for continuous maintenance and technical assistance.
Parcel Sorting Robots Market- Market Dynamics
Increasing penetration of e-commerce business globally
The rise of smartphones and mobile internet has significantly contributed to e-commerce growth. Consumers are increasingly using mobile devices to shop online due to convenience and improved user experiences on mobile platforms. According to the survey, Global e-commerce is expected to grow to nearly $10 trillion by 2027 as global online shoppers spend an average of $3.95 per visit. Asia online retail generated almost $1.7 trillion in revenue in 2023. The increasing penetration of e-commerce is driving the need for parcel sorting robots by enhancing efficiency, reducing costs, and improving scalability and accuracy in parcel handling. As e-commerce continues to grow, the adoption of these robotic systems will likely become even more widespread, transforming logistics and supply chain operations.
Parcel Sorting Robots Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 11.5% over the forecast period (2024-2032)
Based on type segmentation, Autonomous was predicted to show maximum market share in the year 2023
Based on application segmentation, Food & Beverages was the leading type in 2023
Based on distribution segmentation, Aftermarket was the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Parcel Sorting Robots Market is segmented based on Type, Application, Distribution, Product, and Region.
The market is divided into two categories based on type: Autonomous, Non-Autonomous or Guided. Autonomous Robots for Sorting Parcels The most cutting-edge machine learning and artificial intelligence technology go into the construction of autonomous package sorting robots. These autonomous, learning, and adaptable robots are incredibly productive and successful in changing operational settings. Enhanced workflow, increased productivity, decreased manual labour, and decreased errors are just a few benefits they provide.
The market is divided into five categories based on application: Food & Beverages, Logistics & Warehousing, Manufacturing, Medical & Pharmaceuticals, and Retail. In the food and beverage industry, parcel sorting robots have become increasingly important, especially when handling perishable commodities. The need for parcel-sorting robots in logistics and storage is primarily driven by the desire for accuracy and efficiency. These robots are also very important to the manufacturing industry since they increase production and provide precision.
Parcel Sorting Robots Market- Geographical Insights
Because of the high pace of automation technology adoption and the existence of significant manufacturers like Amazon Robotics and Fetch Robotics, North America is predicted to grow rapidly. In the US and Canada, the demand for package sorting robots is being driven by the growth of e-commerce and the need for effective logistics solutions. The market for package sorting robots is steadily expanding in Europe thanks to new product introductions and smart technology breakthroughs. The adoption of automated sorting technologies and the focus on enhancing supply chain efficiency are leading to notable acceptance in countries like Germany, the UK, France, and Italy.
Major players such as KUKA, Daifuku, Dematic, Bastian, Knapp, CIM Corp, Vanderlande, Hitachi, Omron Adept Technologies, Amazon Robotics etc. A major player in the market, Amazon Robotics leverages its parent company's extensive logistics and e-commerce operations to drive innovation in sorting robots. A global leader in automation, KUKA offers sophisticated robotic systems for parcel sorting that integrate seamlessly into existing warehouse operations. Continuous improvements in AI, machine learning, and sensor technology are enhancing the capabilities of parcel sorting robots, making them more efficient and reliable. Companies are increasingly forming strategic alliances or acquiring other firms to enhance their technological capabilities and expand their market reach. For instance, In January 2024, Viettel Post became the first Vietnamese logistics company to adopt fully automated robot-based parcel sortation technology with the installation of 160 LiBiao 'Mini Yellow' autonomous guided robots at its storage and distribution hub in Hanoi.
In March 2023, The cutting-edge intralogistics companies BOWE INTRALOGISTICS and Plus One Robotics announced a partnership at ProMat 2023. This partnership will allow customers to effortlessly integrate Plus One Robotics' leading-edge parcel induction systems with BOWE's cutting-edge range of parcel sorting solutions, which are extensively used in the e-commerce fulfilment and parcel delivery markets.
In March 2023, Ambi Robotics announced to deployment of its parcel-sorting robots at OSM Worldwide's warehouses in the U.S. The flagship AmbiSort A-Series system will be installed at OSM warehouses in Atlanta, Chicago, and Las Vegas.
GLOBAL PARCEL SORTING ROBOTS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Amazon Robotics
Fetch Robotics
KUKA
Starship Technologies
GreyOrange
Hi tech Robotic Systems Ltd
HITACHI
Zhejiang Libiao
Wuxi A carrier
Others