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Automated Sortation Systems Market Size Estimated To Reach USD 7.05 Billion By 2027 : Grand View Research Inc.

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Automated Sortation Systems Market Size Estimated To Reach USD 7.05 Billion By 2027 : Grand View Research Inc.

November 17
08:06 2020
Automated Sortation Systems Market  Size Estimated To Reach USD 7.05 Billion By 2027 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, Automated sortation systems are used to sort numerous products, including consumer goods, luggage, mail, and parcel, based on various aspects such as destination, color, and product type. The rising need for a reduction in inventory and handling processes is anticipated to drive the market over the forecast period.

Automated Sortation Systems Market Growth & Trends

The global automated sortation systems market size is expected to reach USD 7.05 billion by 2027, expanding at a CAGR of 5.2% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. The rising demand for automated sortation systems in the retail and e-commerce sector is fueling market growth. Surging the adoption of online shopping has led to an increase in the number of orders. Retailers are opting for automated solutions in their warehouse and distribution facilities for error-free operations and on-time delivery of ordered products.

The growing espousal of automated sortation systems in post and parcel applications is anticipated to propel the market growth over the forecast period. Major companies such as DHL International GmbH and FedEx are investing heavily in automating their distribution facilities and enhancing their service offerings. For instance, in November 2018, DHL International GmbH announced the launch of its new automated distribution center in New Jersey. The 200,000 sq. ft. facility is equipped with a wide range of new automated sorting and scanning technologies that enable high throughput.

The market is comprised of a high degree of competition due to the presence of numerous key players. Manufacturers are focusing on opting for various inorganic growth strategies such as acquisitions, mergers, and geographical expansion to leverage their market share and gain a competitive advantage. For instance, in March 2020, Dematic announced that its parent organization KION Group AG acquired Digital Applications International Limited, a U.K. based software company that specializes in developing logistics automation solutions. The acquisition was done to enhance Dematic’s intralogistics software offering.

Europe automated sortation system market size, by type, 2016 - 2027 (USD Billion)

Request a sample copy of the Automated Sortation Systems Market Research Report @ https://www.grandviewresearch.com/industry-analysis/automated-sortation-system-market/request/rs1

Automated Sortation Systems Market Report Highlights

  • The loop sortation segment is projected to expand at the fastest CAGR exceeding 5% over the forecast period owing to the increasing adoption in the food and beverage industry.

  • The retail and e-commerce segment held the highest market share of 29.86% in 2019. This share is due to the rising investments in warehouse automation technologies by retailers such as Walmart and Amazon.com, Inc.

  • Asia Pacific is expected to expand at a CAGR exceeding 4% from 2020 to 2027. This surge is attributed to the rising demand for automated sortation systems in developing economies such as China and India

Global automated sortation systems market share, by end-use industry, 2019 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/450824/ibb

Automated Sortation Systems Market Segmentation

Grand View Research has segmented the global automated sortation systems market on the basis of type, end-use industry, and region:

Automated Sortation Systems Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Linear Sortation

  • Loop Sortation

Automated Sortation Systems End-use Industry Outlook (Revenue, USD Million, 2016 – 2027)

  • Retail & E-commerce

  • Food & Beverages

  • Transportation & Logistics

  • Pharmaceutical

  • Others

Automated Sortation Systems Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • The U.S.

    • Canada

  • Europe

    • The U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • The Middle East & Africa

List of Key Players of Automated Sortation Systems Market

  • Bastian Solutions, Inc.

  • Beumer Group Gmbh

  • Daifuku Co. Ltd.

  • Dematic (KION Group AG)

  • Honeywell Intelligrated

  • Interroll Holding AG

  • KNAPP AG

Browse Related Report:

Automated Parking Systems Market : https://www.grandviewresearch.com/industry-analysis/automated-parking-systems-market

Used Car Market : https://www.grandviewresearch.com/industry-analysis/used-car-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/automated-sortation-system-market


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