Global Automated Sortation System Market is anticipated to reach US$ 6.51 Bn by 2027 from US$ 4.75 Bn in 2019 at a CAGR of 5.4 % during a forecast period.
Global Automated Sortation System Market Overview
Automated Sortation Systems are used to detect items on a conveyor system and transport them to the correct location. Various items, such as consumer goods, baggage, mail, and parcels, are sorted using these systems depending on factors such as destination, color, and product kind. Cross belt sorters, push tray sorters, thin belt sorters, and shoe sorters, among others, are examples of automated sorters. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. Where 2019 is considered a base year to forecast the market from 2021 to 2027. However, 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe.
Global Automated Sortation System Market Dynamics
High-speed packing systems are necessary for a high-volume distribution, which is then regulated by the sortation hardware, which determines production speed regularly. Using an automated sortation system, high-capacity products can be sorted consistently and quickly. Additionally, demand for automated sorting systems has risen as a result of rising customer demand for small orders and a need for a precise and efficient shipping system. These methods are used to classify various consumer items such as packaged food and drink, postcards and parcels, medicines, textiles, and so on. It is also utilized in industries such as food and beverage, pharmaceuticals, retail services, and healthcare for small products. These aforementioned factors are likely to fuel the market growth during the forecasted period. However, high initial investments in the manufacturing of the sortation system are expected to hamper the growth of the automated sortation systems market during the forecast period. Technologies for Automated Warehouse Picking: Order pickers are used in warehouses, distribution centers, and fulfilment operations. However, as the e-commerce growth continues, improving order-picking processes with advancements in the automated warehouse picking technology aids workers in sorting that are getting smaller and more specialized. While automated warehouse picking technology has several productivity benefits when combined with order picking and warehouse management software, as it offers a paperless and simple way to keep track of inventory.
Increasing use of Internet of Things technology opens the way for market growth:
The main driving factor behind IoT automation is to substantially reduce operational costs when automation devices, sensors, and actuators are made accessible over the internet to meet global demand. Intelligent manufacturing employs advanced manufacturing technologies to create flexible, smart, and adaptive production processes to satisfy the demands of a dynamic and global market. Manufacturers also utilize IIoT devices to forecast part failures, schedule repairs, inform and relieve spare parts stocks, and future repairs using predictive maintenance techniques. The stakes and benefits of IIoT technology are significant, which are expected to reach 75 billion by 2027. As a result, market competitors concentrate on utilizing technology to improve their product lines and meet the various sorting demands of end consumers. Market growth is anticipated to be aided by rising inventory demand globally.
Global Automated Sortation System Market Segmentation Analysis
By Type, The linear sortation segment held the highest market share of 51.50% in 2019 and is expected to continue its dominance over the forecast period. The segment includes many sorting systems, such as shoe sorting systems, small belt sorting systems, and tilt sorts & cross-belt sorting devices. These systems are utilized mostly in cross-docks because they provide maximum performance and are efficient for long operating life. The Loop Sortation Segment is expected to grow at a CAGR of more than 5% during the forecast period. Tilt tray sorters and cross-belt sorters are examples of loop sorters. The majority of the time, these systems are used for medical purposes. By End-use, in 2019, the retail and e-commerce segment had the largest market share of 29.90 percent, and it is expected to grow at a rate of xx percent during the forecast period. The growing number of internet users, along with the convenience of online shopping, has increased the number of products bought online. The segment is anticipated to continue its high market share over the forecast period, with the number of online shoppers growing annually. The food and beverage segment is expected to grow at a CAGR of over 3% during the projected period. This growth is attributed to the growing usage of warehouse automation technologies in the food and beverage industry.
Global Automated Sortation System Market Regional Insights
In 2019, Europe had the largest market share of 34.75 percent and is expected to continue its dominance over the forecast period. This is because major market companies like Siemens AG, KNAPP AG, and Beumer Group Gmbh are present in the region. The market is expected to increase due to rising demand in the transportation and logistics industry. Furthermore, European companies such as System Logistics S.p.A. and DHL International GmbH employ automation extensively in their warehouse operations, resulting in the region’s growth. The Asia Pacific is expected to grow at the fastest rate of 6% during the forecast period. This is due to the growing popularity of online shopping in developing countries like India and China. Also, the markets revolution in this region is expected to boost the use of automated technologies, resulting in significant market growth potential during the forecast period.
Global Automated Sortation System Market Scope: Inquire before buying
Global Automated Sortation System Market by Region
• North America • Asia pacific • Europe • Middle East and Africa • South America
Global Automated Sortation System Market Key Players
• Bastian Solutions, Inc • Beumer Group Gmbh • Dematic (KION Group AG) • Honeywell Intelligrated • Daifuku Co. Ltd • Interroll Group • KNAPP AG • Murata Machinery Ltd • Siemens AG • TGW Logistics Group • KION Group AG • Interroll Group • Siemens AG • Toyota Industries Corporation • Fives • Schaefer Systems International Pvt Ltd
Frequently Asked Questions
1. What is the projected market size & growth rate of the automated sortation system market? Ans-Micro-Mobility Charging Infrastructure Market was valued at USD 4.75 Billion in 2019 and is projected to reach USD 6.51 Billion by 2027, growing at a CAGR of 5.4 % during the forecast period. 2. What are the key driving factors for the growth of the automated sortation system market? Ans- The increased requirement for optimal inventory utilization, growing demand in the retail and e-commerce sectors, and increasing expenditures in warehouse automation are all driving the automated sortation system market growth. 3. Which region accounted for the largest automated sortation system market share? Ans- In 2019, Europe held a 34.73 percent share of the automated sortation system market. This is due to increased demand in the transportation and logistics industry. 4. Which segment accounted for the largest automated sortation system market share? Ans- In 2019, the retail and e-commerce segment had the largest market share of 29.90 percent, and it is expected to grow at a rate of xx percent during the forecast period. The growing number of internet users, along with the convenience of online shopping, has resulted in an increase in the number of products bought online. 5. Which are the top players operating in the automated sortation system market? Ans- Bastian Solutions, Inc, Beumer Group Gmbh, Daifuku Co. Ltd, Dematic (KION Group AG), Honeywell Intelligrated, Interroll Group, KNAPP AG, Murata Machinery Ltd, Siemens AG, TGW Logistics Group