Market Research Report
Sortation Systems - Global Market Outlook (2018-2027)
|Published by||Stratistics Market Research Consulting||Product code||939219|
|Published||Content info||140 Pages
Delivery time: 2-3 business days
|Sortation Systems - Global Market Outlook (2018-2027)|
|Published: May 1, 2020||Content info: 140 Pages||
According to Stratistics MRC, the Global Sortation Systems market is accounted for $4,692.00 million in 2018 and is expected to reach $8,062.67 million by 2027 growing at a CAGR of 6.2% during the forecast period. With the aid of modern technologies the demand for market is rising among several industries, and need for automated material handling systems such as cost savings, labor efficiency, and space constraints are some of the factors driving the growth of the market. However, lack of digital development in developing countries is restraining the market.
Sortation system identifies, inducts, separates, merges, and conveys the products to specific destinations using a variety of devices controlled by task-specific software. Sorters are used in different applications such as such as post and parcel, airport, food and beverages, retail, and pharmaceuticals depending upon the product type and the required rate.
On the basis of geography, North America is likely to have a huge demand in the forecast period owing to presence of various sortation system providers and rapid industrialization.
Some of the key players in Sortation Systems Market include Interroll Holding AG, Viastore Systems Gmbh, Murata Machinery Ltd, Daifuku Co. Ltd, Beumer Group Gmbh, Dematic Corp., KNAPP AG, Bastian Solutions Inc., Vanderlande Industries Nederland BV, Honeywell Intelligrated, Siemens AG, OKURA YUSOKI, Interroll, KION Group, TGW Group, and Mitsubishi Electric Corporation.
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.