Market Scenario:
Automated sortation systems are highly accurate and efficient machines designed for sorting, routing, consolidating, and diverting parcel types to determined destinations and aid in order selection, processing, packaging, palletizing, storing, and shipping. The global Automated Sortation System Market is anticipated to expand at a CAGR of 4.22 % during the study period of 2016 to 2022.
Market Dynamics:
Increase Shipping And International Trade Coupled With Growing Complexity Of Supply Chains Is The Prime Determinant Of The Market
There is a growing complexity of international trade and supply chain management functions over time. Good manufactured in one location are assembled at a different site depending on the competitive advantages of countries such as labor cost, raw material, and others. Another antecedent has been the development of large hub and spoke distribution center model. The growing adoption of information technology has created a demand for the adoption of warehouse automation. Thus automated sortation systems have become a critical component of any warehouse design.
Product Development And Attractive Benefits Are Driving The Market Demand
Attractive advantages of automated sorting such as increase order processing efficiency and accuracy, lower labor cost, lower error, high speed and concurrent lower time are technological factors driving the growth of the market. High tech systems can transport parcels ranging in shape, weight, and size and are capable of speeds up to 20,000 packages per hour, drastically reducing the time of delivery. These systems are more reliable due to the automation, time consistency, and constant high speed.
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High Installation And Maintenance Costs Are Hampering Market Growth
However, the top installation and maintenance cost is expected to hinder the market growth of the global automated sortation system. Thus the market favors deep-pocketed firms owing to its high cost.
Industry Update
August 2019: Honeywell and Slate River Systems, Inc. recently entered into a strategic partnership for the integration of Honeywell Intelligrated’s line of high-speed conveyor and sortation systems, picking systems, automated storage, and intelligent software in their optimized distribution center solutions.
Key Players
The prominent players in the global Automated Sortation System market are Daifuku Co. Ltd (Japan), Vanderlande Industries B.V (Netherland), OKURA YUSOKI (Japan), Murata Machinery (Japan), Interroll, KION Group (Germany), TGW Group (Austria), Siemens AG (Munich), Mitsubishi Electric Corporation (Japan), BEUMER (Germany), Fives in Intralogistics (U.S.), SSI Schaefer (Germany), Equinox (Netherland), Shanxi Oriental Material Handling Co Ltd (China), and others.
Segments:
The global automated sortation system market is segmented on the basis of type, application, and region. Based on type, the global automated sortation system is segmented into loop sortation and linear. The loop sortation system is witnessing burgeoning in the market during the forecast period. Loop sortation systems are also known as circle sorters and are configured with tight radius curves to maximize space. It generally comprises a series of cells linked together on a track. The segment of loop sortation system is anticipated to lead the global automated sortation system market. Based on application, the global automated sortation system market is studied for the segments of post & parcel sector, retail & e-commerce, food & beverages, large airports, and pharmaceutical & medical sector.
Regional Analysis:
The global automated sortation system market is studied for the regional segments of North America, Asia Pacific, Europe, and Rest of the World. Europe is currently leading the global automated sortation system. Europe is estimated to retain its dominion over the market through the forecast period. Asia Pacific, on the other hand, is expected to witness the fastest growth among all regional segments of the global automated sortation system market. Burgeoning technological advancements and rising penetration of e-commerce in the market is promoting the growth in Asia Pacific’s automated sortation systems. Further, booming disposable income of consumers in the region is driving the demand for automated sortation systems in the APAC.
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