Published Date: 15-Oct-2020
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According to a new report Global Automated Sortation System Market, published by KBV research, The Global Automated Sortation System Market size is expected to reach $6.8 billion by 2026, rising at a market growth of 7.3% CAGR during the forecast period.
The segment of linear sortation held the largest share of the market in 2019. The segment involves various sortation systems, including shoe sorters, narrow belt sorters, tilt tray sorters, and cross-belt sorters. These systems are utilized in cross-docking applications. These systems are designed for extreme performance and are reliable for having a long operational life. The segment of loop sortation is anticipated to develop at a significant CAGR during the forecast period.
The segment of retail and e-commerce held the highest share of the market in 2019. The increasing number of internet users combined with the simplicity of internet shopping has prompted an expansion in the number of items ordered online. The segment of food and beverage is foreseen to extend at a significant CAGR during the forecast period. This development is owing to the expanding adoption of automation innovation in the warehouse segment.
The biggest share of the market is held by Europe in 2019. This is because of the presence of leading market players, for example, Siemens AG, KNAPP AG, and Beumer Group GmbH. Growing demand in the transportation and logistics sectors is foreseen to drive market development. Asia Pacific is assessed to extend at the highest CAGR over the forecast period. This is due to the growing adoption of online shopping among developing nations, for example, China and India.
Structural Insights: https://www.kbvresearch.com/automated-sortation-system-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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