Asia Pacific Automated Sortation System Market By Type (Linear Sortation and Loop Sortation), By End User (Retail & E-commerce, Transportation & Logistics, Food & Beverages, Pharmaceutical and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Automated Sortation System Market
The Asia Pacific Automated Sortation System Market would witness market growth of 7.9% CAGR during the forecast period (2020-2026). Automation sortation systems are gradually and constantly capturing attention. These systems are that would gather quicker ROIs to meet all goals that are gaining the spotlight. Automated, high-speed sortation systems are doing significantly more than helping material handlers incur the savings of cost. The higher speeds accruing to them are helping organizations accomplish new delivery benchmarks through shorter lead times. Automation sortation likewise assists with setting equipment and material with more accuracy with fewer things getting lost or misplaced.
Expanding demand for the IoT innovation has given manufacturers a new advancement in the sortation systems market. Incorporating IoT innovation into these systems is an achievement in the growth and development of the growth of the industry. This innovation offers better visibility of the location of the item. It gives efficient connectivity of different branches of sortation, for example, packaging, labeling, and other segments, and offers effective information and data processing. The monitoring of individual items and processes, setting guidelines, and control of the performance parameters of these systems are the significant advantages of the integration of IoT innovation into sortation systems.
Additionally, organizations are compelled to follow social distancing standards at workplaces because of which the investments in automation and connected solutions expanded. As indicated by Honeywell Intelligrated, organizations from retail and e-commerce, logistics, and food and drink sectors are happy to put more resources in automation solutions, which will emphatically affect the market development over the forecast period. The growing adoption of Internet of Thing (IoT) innovation is creating opportunities for market development during the forecast period.
Based on Type, the market is segmented into Linear Sortation and Loop Sortation. Based on End User, the market is segmented into Retail & E-commerce, Transportation & Logistics, Food & Beverages, Pharmaceutical and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Daifuku Co., Limited, Honeywell International, Inc., Siemens AG, Kion Group, Toyota Industries Corporation (Bastian Solutions LLC), BEUMER Group GmbH & Co. KG, Knapp AG, Murata Manufacturing Co., Ltd., Interroll Holding AG, and TGW Logistics Group GmbH.
Scope of the Asia Pacific Automated Sortation System Market Analysis
- Linear Sortation
- Loop Sortation
By End User
- Retail & E-commerce
- Transportation & Logistics
- Food & Beverages
- South Korea
- Rest of Asia Pacific
- Daifuku Co., Limited
- Honeywell International, Inc.
- Siemens AG
- Kion Group
- Toyota Industries Corporation (Bastian Solutions LLC)
- BEUMER Group GmbH & Co. KG
- Knapp AG
- Murata Manufacturing Co., Ltd.
- Interroll Holding AG
- TGW Logistics Group GmbH
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