Automated Sortation System Market – Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand And Forecast 2022-2030
Future Market Insights, an ESOMAR certified market research firm in its latest report pegs the global market for automated sortation system to surpass a valuation of US$ 14.34 Bn by the end of 2030.
With newer sortation systems having sortation rates close to
100%, operators within the automated sortation system market are increasing
their own reliability index through timely deliveries thus gaining an edge in
the overall market. Better throughputs help stakeholders prepare well for
capacity forecasts.
With 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 are
giving and uptick to profit margins by a respectable 1% gain and helping to
reduce the total cycle time for orders.
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 pharmaceutical and food and beverages are seen to benefit. With food
and beverage production and supply being deemed as essential services and
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 is turn have
boosted the growth opportunities for 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 labor. 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 person is one of the most upcoming and advanced
automated solution driving order fulfillment. 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 increased inclination
towards sortation systems. These companies are exclusively partnering with
sortation system manufacturers for optimized sorting solutions at their
warehouses. In land constrained, emerging markets, many players are focusing on
integration of industrial and residential land uses. Vertical and flexible
warehousing solutions is another trend players are capitalizing on.
Access full report: https://www.futuremarketinsights.com/reports/automated-sortation-system-market
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