New York, United States – Automated sortation system market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Automated sortation system market by region.
The global automated sortation system market is expected to reach USD ~5,516.15 million by 2022, growing with approximately 4.22% of CAGR during the forecast period 2016-2022.
The digital economy affects the world’s trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.
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Introduction Automated sortation system is a revolution in the mechanical industry. It is designed to sort a number of consumer products such as packaged food & beverages, post & parcels, medicines, textiles, and others, facilitating the timely delivery of the products. It is generally used for small size products and mainly installed in industries like food & beverage, pharmaceutical, retail, and healthcare. Automated sortation system reduces the time of operations or simulation of raw materials. With the increase in demand for small order size by customers and requirement of accurate and efficient shipping system, the demand for automated sortation system has increased. Automated sortation systems are capable of separating products from in-feed conveyor lines to shipping lanes, packing stations and from other areas. Broadly, automated sortation system is categorized into linear sortation system and loop sortation systems.
Key Players The prominent players in the Global Automated Sortation System market are Daifuku Co. Ltd (Japan), Vanderlande Industries B.V (the Netherlands), OKURA YUSOKI (Japan), Murata Machinery (Japan), Interroll, KION Group (Germany), TGW Group (Austria), Siemens AG (Munich), Mitsubishi Electric Corporation (Japan), BEUMER (Germany), Fives in Intralogistics (U.S.), SSI Schaefer (Germany), Equinox (Netherland), Shanxi Oriental Material Handling Co Ltd (China), and others.
Global Automated Sortation System Market Analysis & Forecast to 2022 > To provide a detailed analysis of the market structure, along with a forecast of the various segments and sub-segments of the automated sortation system market > To provide insights into factors affecting the market growth > To analyze the automated sortation market based on Porter’s five forces analysis > To provide historical and forecast revenue of the market segments and sub-segments, concerning four main geographies and their countries- North America, Asia Pacific, Europe, and the Middle East and Africa > To provide country-level analysis of the market with respect to the current market size and prospects > To provide country-level analysis of the market for segmentation on the basis of sourcing type and application > To provide strategic profiling of key players in the market, comprehensively analyze their core competencies, and draw a competitive landscape for the market > To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research & developments in the automated sortation market
Key Findings > The global automated sortation system market is expected to reach USD ~5,516.15 million by 2022, growing with approximately 4.22% of CAGR during the forecast period 2016-2022.
> By Type, Linear Sortation System is dominating the market and is expected to reach USD 2,481.88 million by 2022.
> By Application, Retail & E-commerce is expected to grow by 5.27% CAGR during the forecast period 2016-2022.
> Geographically, Europe dominated the market in 2016. Asia Pacific will show the highest growth rate during the forecast period 2017 to 2022
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Regional and country analysis of global automated sortation system market estimation and forecast The automated sortation system market by region was led by Europe in 2016 with 32.5% of the market share. Significant presence of automotive and aerospace industry, increasing demand for audio and video entertainment in the region are driving the demand in this region. North America holds second largest market share of 28.8% in 2016. Asia Pacific stands as the third biggest market with a market share of 25.6% and is considered to be the fastest growing region with CAGR 5.28%. The high demand for fast and accurate shipping facilities and growing technological advancements in the warehouse systems are also driving the market in this region. ?
Target Audience > Technology Investors > OEMs > Government Bodies > Research Firms > Technology Standards Organizations, Forums, Alliances, and Associations > Business Planners
Key Words > sorting system > sorting > tilt tray sorter > automated storage and retrieval system > cross belt sorter > conveyor sortation systems > sorting conveyor systems > automated sortation systems > sortation conveyor > automatic sorting machine > sorting machine > automated conveyor systems > automatic scanner > hog scales > parcel sortation systems > cross belt > sortation system warehouse > sorting conveyor > sorter conveyor > sortation > automated sorting > small parcel sorting system > package scanner > color sorter machine > sortation equipment > automatic sorting > parcel sorting equipment > tilt tray sorter manufacturers > optical sorter > unit sorter > automatic sorting system > parcel sorter > parcel sorting machine > automatic sorting conveyor > package sorting system > package sorting machine > swine scales > sortation in warehouse > supply chain automation
Countries > North America o U.S. o Canada o Mexico > Europe o U.K o Germany o France o Italy o Rest of Europe > Asia Pacific o China o Japan o South Korea o India o Rest of Asia Pacific > Rest of the World (RoW)
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What is the goal of the report?
The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
The COVID-19 pandemic has affected almost every industry. The market witnessed a significant decline in investments, mainly in the energy and power sector. According to the estimations by the International Energy Agency, investments in the energy and power domain are projected to decrease by 10% in 2020 as compared to the pre-pandemic statistics. This indicate the condition of global marketplace along with severe challenges faced during pandemic.
Asia-Pacific market is forecast to emerge as rapidly growing region in global market, owing to governments’ initiatives towards increasing urbanization and growing population leading to increasing demand of energy-based products and services. Also, North America is forecast to grow rapidly because of high energy consumption in the region and technological advancements across the sector. Energy consumption has been increasing in the region, mainly in the US; the primary energy consumption is segmented on the basis of nuclear electric power, petroleum, coal, renewable energy, and natural gas. The petroleum and natural gas segment is dominating the overall sector. In the mix of energy sources, petroleum accounts for around 35% of the overall consumption, whereas natural gas accounts for 34%.
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