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A service for global professionals · Friday, April 19, 2024 · 705,004,934 Articles · 3+ Million Readers

Automated Sortation System Market Trend Shows Outstanding Growth at a CAGR of 7.5% by 2030

Automated Sortation System Market

Automated Sortation System Market

The Exactitude Consultancy has updated its global market reports with latest data for 2024 and projections up to 2030

Automated sortation systems see rising demand due to efficiency gains, e-commerce growth, and supply chain optimization trends”
— Exactitude Consultancy

LUTON, BEDFORDSHIRE, UNITED KINGDOM, April 3, 2024 /EINPresswire.com/ -- The global automated sortation system market size is projected to grow from USD 8.6 billion in 2023 to USD 14.27 billion by 2030, exhibiting a CAGR of 7.5% during the forecast period.

The Automated sortation system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in need for shipping accuracy globally is escalating the growth of automated sortation system market. Automated sortation systems refer to the systems that are basically utilized with the purpose of sorting a large number of products including consumer goods, mail, luggage and parcel based on various aspects such as product type, destination and color. Organizations belonging to different industries are emphasizing on making optimal use of their stock by offering just-in-time delivery services.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐢𝐧 𝐏𝐃𝐅 𝐅𝐨𝐫𝐦𝐚𝐭:

https://exactitudeconsultancy.com/reports/41397/automated-sortation-system-market/#request-a-sample

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞:

Major players in the Automated Sortation System Market are identified through secondary research and their market revenues determined through primary and secondary research are: Bastian Solutions,BEUMER Group,Cimcorp,Daifuku Co., Ltd.,Dematic,EuroSort Systems B.V.,Fives Group,Grenzebach Maschinenbau GmbH,Honeywell Intelligrated,Interroll Group,Invata Intralogistics,Knapp AG,Murata Machinery, Ltd.,Okura Yusoki Co., Ltd.,Siemens Logistics GmbH,SSI SCHAEFER,Swisslog Holding AG,TGW Logistics Group,Vanderlande Industries,Viastore Systems GmbH, among others.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

June 2021: Dematic announced its automation of a small elements warehouse for the Siemens System Engineering Plant based in Germany. The solution improves warehouse space usage while automating material flow and picking for the production process.

June 2021: Satake has declared the debut of its most delinquent and largest optical sorter in size and ability, the "NIRAMI series." "NIRAMI" is designed to efficiently sort pulses, seeds, grains, and many other products. With numerous sizes available, all featuring extra-wide pipes and flexible configurations, Nirami ideally serves a broad variety of applications and processing capacities. These recently designed optics notice and differentiate subtle color differences using RGB full-color cameras and optional infrared (IR) cameras.

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐒𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

Automated Sortation System Market 𝗯𝘆 𝗧𝘆𝗽𝗲

Linear Sortation

Loop Sortation

Automated Sortation System Market 𝗯𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆

Retail and E-commerce

Food and Beverages

Transportation and Logistics

Pharmaceutical

Others

𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐒𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬

𝙄𝙣𝙩𝙚𝙜𝙧𝙖𝙩𝙞𝙤𝙣 𝙤𝙛 𝙚𝙢𝙚𝙧𝙜𝙞𝙣𝙜 𝙩𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙞𝙚𝙨 𝙡𝙞𝙠𝙚 𝘼𝙡 𝙞𝙨 𝙙𝙧𝙞𝙫𝙞𝙣𝙜 𝙩𝙝𝙚 𝙢𝙖𝙧𝙠𝙚𝙩 𝙜𝙧𝙤𝙬𝙩𝙝

Market CAGR for automated sortation systems is being driven by the rising adoption of Internet of Things (IoT) systems in warehouse management and logistics, which is another trend expected to revolutionize manufacturing operations. IoT devices, along with radio-frequency identification (RFID) and sensors, offer several benefits: reduced labor costs, increased shipment accuracy and operation speed, improved tracking, and enhanced visibility for retailers, among others. Furthermore, Incorporating Al algorithms into parcel sortation systems can enable intelligent decision-making skills. The modular architecture of Industry, 4.0 and loT systems enables simple scaling, allowing greater package volumes and seamlessly expanding operations.

The major firms operating in the industry are highly inclined towards adopting different growth strategies, such as capacity expansion, partnerships, geographical expansion, mergers and acquisitions, new product establishment, and product innovation, to remain competitive in the marketplace. This is anticipated to positively impact significant market growth. Hence, the development and manufacturing of innovative solutions in the automated sortation system market is augmenting the growth over the forecast period. For instance, in June 2021, Interroll launched its MX 018V Vertical Crossbelt Sorter, which is set to help parcel and courier service providers, logistics service providers, and e-commerce providers in gaining the ability to handle an extensive variety of goods in an energy-efficient and space-saving manner.

The demand for e-commerce is increasing worldwide. This is driving the growth of the parcel sortation systems market as there is an increasing need to sort and deliver a greater number of parcels. This growth can be due to multiple factors, including the increasing convenience and accessibility of online shopping, improved logistics and shipping networks, and a shift in consumer preferences toward digital platforms. According to the US Department of Commerce, e-commerce sales as a share of the entire retail sales in the US have increased from USD 503.3 billion in 2019 to USD 856.8 billion in 2022, contributing 9% and 11.2%, respectively.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

The North American automated sortation system market will dominate this market, owing to the growing adoption of Internet of Things (IoT) technology. The prominent players in the region are focusing on using the technology to improve their product offerings and meet the various requirements of different end-users will boost the market growth in this region. Further, the US automated sortation system market held the largest market share, and the Canadian automated sortation system market was the fastest-growing market in the North American region.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐒𝐮𝐦𝐦𝐚𝐫𝐲 𝐚𝐧𝐝 𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

https://exactitudeconsultancy.com/reports/41397/automated-sortation-system-market/

𝐅𝐫𝐞𝐪𝐮𝐞𝐧𝐭𝐥𝐲 𝐀𝐬𝐤𝐞𝐝 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬:

☑ What does this report covers?

☑ Does this report estimates the current market size?

☑ What are the key Segments offered in this report?

☑ Which market dynamics are covered in this report?

☑ Does this report offer customization?

𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐜𝐮𝐬𝐭𝐨𝐦𝐞𝐫’𝐬 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭:

– country-level analysis for the 5 countries of your choice.

– competitive analysis of 5 key market players.

– 40 free analyst hours to cover any other data point.

𝙎𝙚𝙚𝙠𝙞𝙣𝙜 𝘾𝙤𝙢𝙥𝙧𝙚𝙝𝙚𝙣𝙨𝙞𝙫𝙚 𝙄𝙣𝙩𝙚𝙡𝙡𝙞𝙜𝙚𝙣𝙘𝙚 𝙤𝙣 𝘿𝙞𝙛𝙛𝙚𝙧𝙚𝙣𝙩 𝙈𝙖𝙧𝙠𝙚𝙩𝙨? 𝙂𝙚𝙩 𝙞𝙣 𝙩𝙤𝙪𝙘𝙝 𝙬𝙞𝙩𝙝 𝙤𝙪𝙧 𝙚𝙭𝙥𝙚𝙧𝙩𝙨: 𝙎𝙥𝙚𝙖𝙠 𝙩𝙤 𝙖𝙣 𝙀𝙭𝙥𝙚𝙧𝙩: https://exactitudeconsultancy.com/primary-research/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐋𝐢𝐧𝐤𝐬:

https://exactitudeconsultancy.com/ja/reports/41397/automated-sortation-system-market/

https://exactitudeconsultancy.com/de/reports/41397/automated-sortation-system-market/

https://exactitudeconsultancy.com/ko/reports/41397/automated-sortation-system-market/

https://exactitudeconsultancy.com/fr/reports/41397/automated-sortation-system-market/

https://exactitudeconsultancy.com/zh-CN/reports/41397/automated-sortation-system-market/

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

𝐂𝐨𝐧𝐧𝐞𝐜𝐭 𝐔𝐬:

https://bulletin.exactitudeconsultancy.com/

Irfan T
Exactitude Consultancy
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