The automated sortation system global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automated Sortation System Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automated sortation system market size has grown strongly in recent years. It will grow from $6.60 billion in 2023 to $7.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased handling capacity, increased demand for speed and efficiency, labor costs and availability, competitive pressures, and demonstrated ROI.
The automated sortation system market size is expected to see strong growth in the next few years. It will grow to $9.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising labor costs, supply chain resilience and agility, globalization and trade dynamics, data analytics and optimization, and E-commerce expansion. Major trends in the forecast period include autonomous sorting technologies, advanced robotics integration, AI-driven optimization, predictive maintenance, and dynamic sortation networks.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
Rising e-commerce sales are expected to propel the growth of the automated sortation system market going forward. E-commerce sales refer to online transactions where goods or services are bought and sold electronically, often through websites or mobile applications, bypassing traditional brick-and-mortar stores. The increasing convenience of online shopping, coupled with a broader range of products and competitive pricing, has fueled the rise in e-commerce sales. Automated sortation systems in e-commerce streamline order processing by efficiently sorting and routing packages, enhancing operational efficiency and order fulfillment speed. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales reached $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, rising e-commerce sales are driving the growth of the automated sortation system market.
Market Trends –
Major companies operating in the automated sortation system market are adopting innovative automation and robotic products for warehousing, such as sorting and order retrieval solutions, to gain a competitive edge in the market. Sorting and order retrieval solutions are technologies and systems designed to streamline and automate sorting items and retrieving orders in warehouses, distribution centers, and fulfillment centers. For instance, in March 2024, OPEX Corporation, a US-based developer of automation solutions, launched two new solutions: OPEX Sure Sort X and OPEX Xtract, a new automated sortation and order retrieval solution designed to enhance automated sorting and order retrieval processes. The OPEX Sure Sort automated sorting system is a high-speed, small-item robotic sorting system that reduces the number of excessive touches associated with existing manual sorters, increasing productivity without increasing labor needs.
The automated sortation system market covered in this report is segmented –
1) By Component: Hardware, Software
2) By System: Unit Sorters, Case Sorters, Combo Sorters
3) By Sorting: Linear Sorters, Divert Systems, Circular Sorters
4) By End-Use Industry: Retail And E-commerce, Food And Beverages, Transportation And Logistics, Pharmaceutical, Other End-Users
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Regional Insights –
Europe was the largest region in the automated sortation system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automated sortation system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the automated sortation system market report are Siemens AG; Mitsubishi Electric Corporation; Daifuku Co. Ltd.; Dematic Corp; SSI Schaefer; Vanderlande Industries; Murata Machinery Ltd.; Fives Group; Honeywell Intelligrated; Beumer Group GmbH; Interroll Group; Eisenmann SE; Bastian Solutions Inc.; Knapp AG; Viastore Systems GmbH; Grenzebach Group; Cimcorp; TGW Logistics Group; Berkshire Grey Inc.; SDI Group; Swisslog Holding AG; Datex Corporation; Conveyco Technologies; Eurosort Systems; Fortna Inc.
Table of Contents
1. Executive Summary
2. Automated Sortation System Market Report Structure
3. Automated Sortation System Market Trends And Strategies
4. Automated Sortation System Market — Macro Economic Scenario
5. Automated Sortation System Market Size And Growth
…..
27. Automated Sortation System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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