PUBLISHER: Lucintel | PRODUCT CODE: 1417372
PUBLISHER: Lucintel | PRODUCT CODE: 1417372
Automated Sortation System Trends and Forecast
The future of the global automated sortation system market looks promising with opportunities in the retail & e-commerce, food & beverages,transportation & logistic, and pharmaceutical markets. The global automated sortation system market is expected to reach an estimated $8.4 billion by 2030 with a CAGR of 5.5% from 2024 to 2030. The major drivers for this market are thegrowing demand for handling procedures and inventory reduction, providing just-in-time delivery services of inventories, and internet of things (IoT) usage is increasing, with high initial costs.
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Automated Sortation System by Segment
The study includes a forecast for the global automated sortation system by type, end use industry, and region
List of Automated Sortation System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automated sortation system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automated sortation system companies profiled in this report include-
Automated Sortation System Market Insights
Lucintel forecast that linear sortation is expected to witness highest growth over the forecast period.
Within this market, retail and e-commerce will remain the largest segment due to quantity of things bought online has increased as a result of the rising number of internet users and the convenience of online shopping.
Europe is expected to witness highest growth over the forecast period due to growing need for logistics and transportation services.
Features of the Global Automated Sortation System Market
Market Size Estimates: Automated sortation system market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automated sortation system market size by type, end use industry, and region in terms of value ($B).
Regional Analysis: Automated sortation system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use industry, and regions for the automated sortation system market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automated sortation system market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q.1 What is the automated sortation system market size?
Answer: The global automated sortation system market is expected to reach an estimated $8.4 billion by 2030.
Q.2 What is the growth forecast for automated sortation system market?
Answer: The global automated sortation system market is expected to grow with a cagr of 5.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automated sortation system market?
Answer: The major drivers for this market are thegrowing demand for handling procedures and inventory reduction, providing just-in-time delivery services of inventories, and internet of things (IoT) usage is increasing, with high initial costs.
Q4. What are the major segments for automated sortation system market?
Answer: The future of the automated sortation system market looks promising with opportunities in the retail & e-commerce, food & beverages,transportation & logistic, and pharmaceutical markets.
Q5. Who are the key automated sortation system market companies?
Answer: Some of the key automated sortation system companies are as follows.
Q6. Which automated sortation system market segment will be the largest in future?
Answer: Lucintel forecast that linear sortation is expected to witness highest growth over the forecast period.
Q7. In automated sortation system market, which region is expected to be the largest in next 5 years?
Answer: EEurope is expected to witness highest growth over the forecast period due to growing need for logistics and transportation services.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.