Sortation Systems Market: Market Overview
In today’s highly competitive marketplace, multiple sectors, industries, and business processes are undergoing changes with new technologies and innovations. Such factors are positively supporting the growth of the sortation systems market. With the aid of modern technologies, sortation systems are becoming popular among several industries.
The growing penetration of automated filling and sorting systems across industries is towering the growth of the sortation systems market. Sortation systems are high throughput machinery systems designed for small order sizes in shipping and logistics. Furthermore, in the recent years, it has been observed that many distributors are switching to automated sortation systems to optimize the supply chain. In order to improve operations and profit margins, distributors are adopting automated sortation systems. Such factors are projected to fuel the growth of the sortation systems market across the world.
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Sortation systems are designed to sort a number of consumer products such as post and parcels, medicines, textiles, packaged food and beverages, and others. Sortation systems are generally used for small size products to deliver packaged products on time. Sortation systems are generally installed for food & beverages, retail, pharmaceuticals, and healthcare. In parallel, the integration of Industry 4.0 across the world is anticipated to drive the growth of the sortation systems market.
In many industries, IoT and other process optimization equipment are taking place. These factors are expected to create potential growth opportunities for the sortation systems market in the near future. Apart from this, rising industrial automation and the growth of e-Commerce are also key growth factors of the sortation systems market across the world.
Sortation Systems Market: Drivers and Challenges
The global push for efficient and optimize supply chains is one of the primary factors fuelling the growth of the sortation systems market. The modernization of warehouses is creating potential growth opportunities for the sortation systems market. The growing technological expansion of industries has been a key factor, and has offered lucrative opportunities for the sortation systems market.
Furthermore, government initiatives for Industry 4.0 and industrialization is towering the growth of the sortation systems market in most of the developed and developing economies. Apart from this, the rising trend of industrial automation is a major factor that is driving the growth of sortation systems market.
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However, issues such as lack of digital development in developing countries act as restraining factors for the sortation systems market. Moreover, the high integration cost of a sortation system is one challenge for the growth of the sortation systems market.
Some of the major players in the global sortation systems market are Daifuku Co. Ltd., Vanderlande Industries B.V, OKURA YUSOKI, Murata Machinery, Interroll, KION Group, TGW Group, Siemens AG, Mitsubishi Electric Corporation, BEUMER, Fives in Intralogistics, SSI Schaefer, Equinox, Shanxi Oriental Material Handling Co Ltd., and other sortation system manufacturers.
Sortation Systems Market: Regional Overview
On the basis of geography, North America is expected to dominate the sortation systems market, due to the presence of various sortation system providers and rapid industrialization. In North America, the growth of various industries is supporting the sortation systems market. Europe and Asia Pacific are also expected to create potential growth opportunities for the sortation systems market, owing to the increasing adoption of latest technologies for the supply chain. Moreover, the demand for sortation systems has risen dramatically in the past few years in the Middle East & Africa and Latin America, due to the rise in digital technologies and growth in connected technologies.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.