In 2023, the global automated sortation system market is expected to be worth US$ 8.6 billion. The rising demand for infrastructure development and construction activity is propelling the market forward. The market is expected to be worth US$ 17.7 billion in 2033, with a 7.5% CAGR from 2023 to 2033.
Because of the increasing volume of online orders, there is a need for efficient and accurate sorting systems for package distribution, which is being driven by the rapid growth of the e-commerce industry.
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Reduced catalog and handling procedures are anticipated to fuel the market for automated sortation systems. To use labor, machinery, and technology more effectively, these systems are used. Automated sortation conveyor systems are the best choice for moving products from one conveyor line to another.
Automated sortation systems enable e-commerce companies to handle large order volumes, reduce order processing time, improve order accuracy, and enhance customer satisfaction. Automated sortation systems enable faster and more efficient sorting of items, leading to improved supply chain performance and cost savings.
Increasing technological advancements in automation, robotics, and artificial intelligence (AI) are driving the development of more advanced automated sortation systems, likely to drive the automated sortation system market.
Manufacturers are providing automated sortation systems with advanced sensors, machine learning algorithms, real-time data analytics, and robotics to improve the speed, accuracy, and efficiency of the sorting process.
North America accounts for a sizable portion of the global demand for automated sortation systems. In North America, automating warehouse and order fulfillment processes has become the major strategy for ensuring supply chain productivity and profitability while maximizing customer service levels.
East Asia and South Asia Pacific are witnessing changing customer behavior, which is heavily influenced by the Internet, social media, and mobility. This is because online buying is becoming more popular. For better inventory visibility and supply chain management, several merchants are looking at automated sorting options.
Key Takeaways from the Market Study
- From 2018 to 2022, the automated sortation system market demand expanded at a CAGR of 4.7%
- Based on end-use, Courier & logistics segment accounts for a CAGR of 7.3%
- North America to emerge as a promising automated sortation system market, capturing a CAGR of 7.4%
- The automated sortation system industry in the United Kingdom is predicted to reach US$ 3.7 billion by 2033
- East Asia and South Asia Pacific together will account for 8%of the global market share in 2023.
- South Asia and the Pacific to be an opportunistic automated sortation system market, expected to capture a CAGR of 7.1% during the forecast period.
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Competitive Landscape:
The global automated sortation system market is fragmented with the presence of several large and medium-scale players. The leading players in the automated sortation system market are investing in strategic agreements in order to capture market share.
Some of the recent development in the automated sortation system market are:
- Honeywell Intelligrated, a leading provider of automated material handling solutions, has been focusing on the development of advanced sortation systems. They have introduced innovative technologies such as advanced sensors, machine learning algorithms, and robotics to optimize sorting processes. Honeywell Intelligrated’s recent developments aim to enhance system speed, accuracy, and flexibility.
- Muratec, a leading provider of material handling and automation solutions, has been investing in the development of advanced sortation systems. They offer a variety of sortation solutions, including sliding shoe, tilt-tray, and bomb-bay sorters. Muratec’s recent developments focus on system modularity, ease of integration, and intelligent control algorithms.
Know More about What the Automated Sortation System Market Report Covers
Future Market Insights offers an unbiased analysis of the global automated sortation system market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the automated sortation system market, the market is segmented based on equipment, component, system, sorting, end-use, load capacity, and throughput capacity across six major regions.
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