Sortation Systems Market worth US$ 5.2 Billion 2020 registering a significant CAGR OF 4.50% over the forecast period.

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Published Date: July 2024

The report "Sortation Systems Market, By Type (Post and Parcel, Airport, Food, and Beverages, Retail, and Pharmaceutical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030.”

Key Highlights:

In May 2019, Viastore acquired the majority of automation company Buck Engineering
In November 2017, Beumer invested further in the development of its CrisBag — a fast, flexible, tote-based baggage and transport system
In October 2018, Fast Retailing Co. Ltd and Daifuku Co. Ltd agreed to form a strategic partnership aimed at establishing comprehensive logistics services over the medium to long-term

Analyst View:

Market Growth Drivers

High Demand from Logistics
Need for Reduction in Inventory and Handling Processes
Cost Savings, Labor Efficiency, and Space Constraints

Opportunities and Trends

E-Commerce to Create Remunerative Potential
End Users Inclined toward Highly Flexible and Efficient Automated Sortation Systems

Key Market Insights from the report:

The market report has been segmented based on type, and region.

By type, the global market is segmented into post and parcel, airport, food and beverages, retail, and pharmaceutical
By region, North America is the fastest growing region, as North America is increasing order accuracy ranging from half a percent up to several percentage points. Businesses that automate realize a significant reduction in operational costs and a measurable increase in service levels, which have an immediate impact on overall profitability and a long-term positive effect on the market share growth

Competitive Landscape:

The prominent player operating in the global sortation systems market includes Daifuku Co. Ltd, Interroll Holding AG, Dematic Corp., Viastore Systems Gmbh, Muruta Machinery Ltd., Vanderlande Industries BV, Beumer Group Gmbh & Co. KG, Honeywell Intelligrated Inc., TGW Logistics Group GmbH, GreyOrange Pte Ltd.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge their businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies
Detailed analysis of the market revenue over the forecasted period
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis
Study on the segments that are anticipated to dominate the market
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered