Future Market Insights, an ESOMAR certified market research firm in its latest report pegs the global market for automated sortation systems to surpass a valuation of US$ 14.35 Bn by the end of 2030.
With the accuracy and efficiency of automated sortation systems set to boost KPIs, manufacturers are steadily scaling up logistics and warehousing businesses to improve sorting and picking. Automated sortation is giving an uptick to profit margins by a respectable 1% gain and helping to reduce the total cycle time for orders.
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With newer sortation systems having sortation rates close to 100%, operators within the automated sortation system market are increasing their reliability index through timely deliveries thus gaining an edge in the overall market. Better throughputs help stakeholders prepare well for capacity forecasts.
Key Takeaways of Automated Sortation System Market
- Modern drive systems in automated sortation systems to reduce CO2 emissions by 80%
- Accuracy of automated sortation system set to boost perfect order percentage by 3%-4%
- Medium throughput sorters will be most lucrative and are slated to capture 46% of the market share through 2030
- 33% is the overall revenue share of the top 3 countries in the automated sortation system market
- Linear automated sorters will witness the most prolific growth through 2030
The COVID-19 Impact on Automated Sortation System Market
The prevailing pandemic has severely obstructed growth within the automotive and air cargo segments which have been majorly hit. However, pharmaceuticals and food and beverages are seen to benefit. With food and beverage production and supply being deemed as essential services and the pharmaceutical sector seeing a burst of innovation the market will see new drug formulations rolling out.
As the social distancing protocols have caused a paradigm shift towards online-based shopping and goods procurement, this, in turn, have boosted the growth opportunities for the e-commerce industry. With 60% of countries in partial lockdown, e-commerce is gaining significant traction thus helping businesses using automated sortation systems to scale up. On an optimistic note, Future Market Insights anticipates the market to recover over the next 4-6 quarters. Despite the economic slowdown, the market has openly embraced automation without the need for human labour. This move has also led to better optimization of resources and various capital investments to minimize production overheads.
Automated Sortation System Market – Competitive Intelligence
Goods to the person are one of the most upcoming and advanced automated solutions driving order fulfilment. Today it has carved a niche for itself due to its importance in the supply chain. The leading stakeholders in the market easily occupy a wholesome 34% of the overall market share. Faster delivery times, lower-cost positions and increased weight capacities are some of the main strategies of the leading players.
E-commerce giants such as Amazon, Walmart as well as CEP (Courier, Express and Parcel) companies are showing an increased inclination towards sortation systems. These companies are exclusively partnering with sortation system manufacturers for optimized sorting solutions at their warehouses. Inland constrained, emerging markets, many players are focusing on the integration of industrial and residential land uses. Vertical and flexible warehousing solutions is another trend players are capitalizing on.
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To Know More About Automated Sortation System Market:
A new market research report published by Future Market Insights (FMI) on the global automated sortation system market report provides in-depth insights into the market demand trends and assessment of opportunities during the forecast period. The report analyses the automated sortation system market through four different segments- equipment type, component type, system type, sorting type, end-use, load capacity, throughput capacity and region. The automated sortation system report also offers a detailed analysis of pricing analysis by different product types and demand across the end-use industry.
About Industrial Automation Division at Future Market Insights
The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses about the installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as a budding industry
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About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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