The automated sortation system market is set for a rapid growth over the forecast period. In terms of revenue, the global automated sortation system market accounted for USD 4.69 Billion in 2019 and is expected to reach USD 5.93 Billion by 2026, growing at a CAGR of 3.7%.
Global Automated Sortation System Market: Overview
Automated sortation systems are used in picking environments. These systems are used for identifying products over a conveyor system and diverting them to the desired destination. There are various types of automated sorters such as crossbelt sorters, push tray sorters, narrow belt sorters, and shoe sorters, among others.
Global Automated Sortation System Market: Growth Factors
The growing need for reduction in stock and ease in product handling is anticipated to augment the market over the next six years. Companies from numerous sectors are focusing on opting for various automated solutions to utilize their inventory in a proficient manner to provide just-in-time delivery services. As a result, the demand for automated sortation systems for proficient management of operations at distribution centers has increased.
Rising adoption of automated sortation systems in logistics sector is anticipated to augment the market growth over the forecast period. Companies such as DHL International GmbH, FedEx Corporation, and United Parcel Service are focusing on using automated solutions to increase their throughput and augment their service offerings.
Global Automated Sortation System Market: Segmentation
The automated sortation system market is segmented based on system, end use industry, and region. The system segment is further divided into Loop Sortation and Linear Sortation. On the basis of end use industry, the market is further divided into food & beverages, pharmaceutical, transportation & logistics, retail, and others.
Global Automated Sortation System Market: Regional Analysis
Based on regions, the global automated sortation system market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The European region held a notable share in 2019. This is attributable to the presence of top companies such as Beumer Group Gmbh, KNAPP AG, and Siemens AG, among others. Moreover, the increasing usage of automated solutions in logistics sector is expected to generate huge demand for the market in this region.
The Asia Pacific region is one of the most lucrative regions for market players. This surge is due to the increasing adoption of online shopping in the region. Retailers are using automated solutions in their distribution facilities to provide on-time delivery of products. Additionally, adoption of Internet of Things (IoT) in various industrial and business operations is expected to open new avenues for the automated sortation system market over the coming years.
Global Automated Sortation System Market: Competitive Players
Some of key players in automated sortation system market are Daifuku Co. Ltd., Bastian Solutions, Inc., KION Group AG, Interroll Group, Beumer Group Gmbh, KNAPP AG, Murata Machinery Ltd., Honeywell Intelligrated, TGW Logistics Group, and Siemens AG, among others.
Global Automated Sortation System Market: Regional Segment Analysis
Request the coronavirus impact analysis across industries and markets