PUNE, India, December 07, 2022 (GLOBE NEWSWIRE) — The global Market size for parcel sorters is expected to grow from US$3.30 billion in 2022 to US$6.70 billion by 2029, at a CAGR of 10.6% over the forecast period of 2022-2029. This information is provided by Fortune Business Insights in its market research report titled, Global Parcel Sorter Market, 2022-2029.
According to our analysts, the parcel sorter market growth is driven by the increasing need for automated sorting systems.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/parcel-sorter-market-106900
Report Highlights:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast period 2022 to 2029 CAGR | 10.6% |
| Value prognosis 2029 | $6.70 billion |
| base year | 2021 |
| Market size in 2021 | $3.00 |
| Historical data for | 2018-2020 |
| number of pages | 140 |
| segments covered | By type, direction, end user and region |
| growth accelerator | Technological advances in the product to positively increase market growth |
| Growth in the e-commerce industry is said to trigger market growth |
Effects of COVID-19:
Industry value impacted due to halted construction related activity
The COVID-19 pandemic led to the collapse of several manufacturing processes. The crisis has further halted construction activity, leading to disruptions in the supply chain. These factors had a negative impact on industry growth. However, various aspects such as research and development and the introduction of technologically advanced products contributed to the revival of the industrial share to some extent.
To learn more about the short- and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/parcel-sorter-market-106900
Packet sorter drivers and limitations:
Increasing industry value due to the expanding e-commerce industry
The Parcel Sorter market growth is expected to register a commendable expansion during the forecast period….
[ad_2]
Source story
