Sortation Systems Market is predicted to Rise at a CAGR of 5.1% during the Forecast Period, observes TMR Study

  • Destination sorting and order consolidation get more precise and efficient when sortation technologies are used in warehousing, which is likely to raise the demand for sortation systems in the logistics industry
  • In the forthcoming years, recent advancements in technology and automation are projected to present considerable prospects for sortation system makers and logistics firms.

ALBANY. NY, June 22, 2022 /PRNewswire/ — The value of the global sortation systems market is likely to stand at $1.7 Bn in 2022. The market is likely to rise at a CAGR of 5.1% during the forecast period, from 2022 to 2026. The global sortation systems market is predicted to be worth $2 Bn by 2026. The global sortation systems market is being shaped by effective material handling and e-commerce order fulfillment. The global market is expected to see a gradual move toward automated systems and the use of new technology. Different types of sortation systems are estimated to drive the global market owing to their benefits in pricing optimization, inventory management, product sorting, and segmentation.

Customers have preferred e-commerce to traditional brick and mortar since the start of COVID-19. This has not only altered the retail landscape, but it has also created a sizable market for online selling and buying. In addition to that, several new companies entered the online market segment in 2020-2021, resulting in an increase in demand for sortation systems. Usage of artificial intelligence and developments in 3D capabilities are two major factors that are predicted to boost the market growth.

Retail and e-commerce are likely to remain the most important end-use industry segments during the forecast timeframe. By 2026, it is expected to attain $636 million, with a CAGR of 4.9% during the forecast period. E-commerce enterprises are demanding automated sorting systems as warehousing becomes more automated, allowing for more efficient and precise sorting.

Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=39827

Key Findings of Market Report

  • In 2026, the end-use industry of logistics is expected to be valued $441Mn, rising at a CAGR of 5.3% during the forecast timeframe. The end-use segment has seen significant growth in recent years and is expected to persist in the foreseeable future. The logistics system has evolved into a critical component of the supply chain as well as distribution system. Due to the expansion of the e-commerce industry, the number of orders is also growing. As a result, logistics businesses are implementing novel technologies to meet the increased demand in the industry. This factor is anticipated to continue to be the primary driving force for the market for sortation systems.
  • As the popularity of online shopping grows, so does the number of orders placed each day. The logistics business is finding it difficult to keep up with the increasing number of orders. As a result, logistics businesses are seeking for more effective ways to fulfill this expanding demand, resulting in a huge market for top sorting machine manufacturers, suppliers & dealers.
  • Automated sortation systems have the ability to fulfill rising order demand, improve delivery accuracy, and provide innovative ways to increase production whilst lowering costs. As a result, companies, notably in the e-commerce business, have begun using automated sortation systems to handle the huge numbers of orders in a timely manner.

Request Sample Report at – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=39827

Global Sortation Systems Market: Growth Drivers

  • E-commerce and retail are likely to be the most important end-use industry segments during the forecast timeframe. E-commerce organizations are exploring sorting system applications due to rising demand for intelligent sortation systems for warehouse automation. It is required for precise and effective sorting.
  • the Asia-Pacific area is likely to grow rapidly in the years to come. The burgeoning e-commerce business in this region is mostly to blame for the increased need for warehouse sortation systems. The rising volume of orders and reduced lead times have necessitated the implementation of efficient sortation systems. The global market is expected to profit from the shifting warehouse market landscape in growing Asian-Pacific nations such as India, Japaneseand China.

Get COVID-19 Impact Analysis at – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=39827

Global Sortation Systems Market: Key Players

Some of the key market players are

  • TGW Logistics Group GmbH
  • BEUMER Group GmbH & Co. KG
  • Honeywell Intelligrated Inc.
  • Vanderlande Industries B.V.
  • Okura Yusoki Co., Ltd.
  • Alstef Automation S.A.

Make an Inquiry before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=39827

Global Sorting Systems Market: Segmentation

ProductType

  • cross-belt
  • tilt-tray
  • Sliding shoe
  • Narrow-belt
  • Others

Weight

  • Up to 5kg
  • 5-20kg
  • 20-35kg
  • Above 35kg

Throughput

  • Below 5,000
  • 5,000-10,000
  • 10,000-15,000
  • Over 15,000

End Use Industry

  • Pharmaceuticals & Medical Devices
  • Food & Beverage
  • Ecommerce & Retail
  • Consumer Packaged Goods
  • Logistics & Transportation

Browse Latest Packaging Industry Research Reports by TMR

Warehouse Robotics Market – The global warehouse robotics market is projected to expand at a CAGR of 12.0% during the forecast period and reach value of US$ 9,579.3 Mn by 2027.

Warehouse Management Systems Market – The market for warehouse management systems (WMS) is anticipated to expand at a revenue CAGR of 14.4% during the forecast period from 2019 to 2027

Advanced Packaging Technologies Market – The advanced packaging technologies market is expected to grow at a CAGR value of 7.5%, during the forecast period.

Packaging Machinery Market – The packaging machinery market was valued at $49 Bn in 2018 and is anticipated to witness a CAGR of 6% during the forecast period of 2019-2026

Paper Straws Market – The global paper straws market is anticipated to exceed the value of $5.2 Bn by 2028, grow at a CAGR of 6.8% from 2022 to 2028

Bulk Container Packaging Market – The global bulk container packaging market is expected to cross value of US$11.6 Bn by the end of 2031, expand at a CAGR of 9.7% from 2022 to 2031

Paperboard Packaging Market – The global paperboard packaging market is expected to reach $299.4 Bn by the end of 2031, expand at a CAGR of 4% from 2022 to 2031

Portion Cup Market – The global portion cup market is anticipated to reach US$ 1,241.1 Mn by 2027, grow at a CAGR of 6.8% from 2022 to 2027

About Transparency Market Research

Transparency Market Research is a global market research company providing business custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhissey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West St.,
Suite 1200, Wilmington, Del. 19801 USA
Tel: +1-518-618-1030
USES – Canada Toll Free: 866-552-3453
website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
E-mail: [email protected]

Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg

SOURCE Transparency Market Research

.

Leave a Comment