PUBLISHER: TechNavio | PRODUCT CODE: 1601885
PUBLISHER: TechNavio | PRODUCT CODE: 1601885
Conveyor Sorting Systems Market 2024-2028
The conveyor sorting systems market is forecasted to grow by USD 1247.4 mn during 2023-2028, accelerating at a CAGR of 6.5% during the forecast period. The report on the conveyor sorting systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of manufacturing activities, emphasis on automation and reducing labor costs, and stringent health and safety regulations.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.3% |
CAGR | 6.5% |
Incremental Value | $1247.4 mn |
Technavio's conveyor sorting systems market is segmented as below:
By Type
By End-user
By Geographical Landscape
This study identifies the introduction of new products by vendors as one of the prime reasons driving the conveyor sorting systems market growth during the next few years. Also, increasing number of mergers and acquisitions and integration of robotics in conveyor sorting systems will lead to sizable demand in the market.
The report on the conveyor sorting systems market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conveyor sorting systems market vendors that include Bastian Solutions LLC, Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Eaglestone Equipment, Falcon Autotech Pvt Ltd, FIVES SAS, FMH Conveyors International Ltd, FORTNA Inc., General Kinematics Corp., Honeywell International Inc., Hytrol Conveyor Co., Interroll Holding AG, Jungheinrich AG, Kardex Holding AG, Key Technology Inc., KION GROUP AG, Murata Machinery Ltd., Siemens AG, SSI Schafer IT Solutions GmbH, and Vanderlande Industries BV. Also, the conveyor sorting systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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