USD 5.79 billion
Global Sortation Systems Market Size, Share, Growth Analysis, By Types(Linear Sortation Systems, and Loop Sortation Systems.), By Components(Hardware, Software), By Application(Post & Parcel, Food & beverage) - Industry Forecast 2024-2031
Report ID:
SQMIG45J2055 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
92 |
Figures:
76
Global Sortation Systems Market Insights
Global Sortation Systems Market size was valued at USD 5.79 billion in 2022 and is poised to grow from USD 6.05 billion in 2023 to USD 8.06 billion by 2031, growing at a CAGR of 4.50% during the forecast period (2024-2031).
Sorting entails the employment of a range of devices for managing task-specific software’s to detect objects on a conveyor system and direct them to target-specific locations. Additionally, they are able to read any relevant labels and even apply new ones. Even while all of these tasks are crucial to ensuring that the products reach their intended locations, scheduling deliveries is the one that directly contributes to the goal. Sorting puts the containers in the appropriate delivery zones so they may travel to their destination. Sorting can significantly improve the effectiveness of the consumer’s fulfilment automation and they are available in different sizes and forms. They must also be organised appropriately. Conveyor systems and other mechanical processes need to be organized appropriately as per the consumer’s priorities and such software can help streamline any fulfilment automation to keep things moving.
The growth of the sortation systems market is attributed to the ongoing expansion of the global e-commerce sector, rising labour costs, industrial automation, and technological advancements such as artificial intelligence (AI) and robots for task management. The widespread use of IOT technology is opening up new business expansion potential. Government restrictions on automation technology are however projected to hinder the market for sortation systems. A wide range of parcel volumes and sizes is posing a serious obstacle to the market's expansion.
US Sortation Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Linear Sortation Systems
Fastest Growth
Linear Sortation Systems
Growth Rate
4.50% CAGR
Global Sortation Systems market, 2022-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
Global Sortation Systems market Size By Types, 2022-2028 ($ Bn)
Global Sortation Systems market Size By Types, 2022-2028 (%)
To get more reports on the above market click here to Buy The Report
Global Sortation Systems Market Segmental Analysis
Global Sortation Systems Market is segmented based on the basis of types, components, application, and region. Based on types, the Sortation Systems Market is segmented into linear sortation systems, and loop sortation systems. Based on components, the market is classified into hardware, software, and services. Based on application, the Sortation Systems Market is categorized into post and parcel, food & beverage, Retail & ecommerce, transportation & logistics, pharmaceutical & medical devices, consumer packaged goods. Based on region, Sortation Systems Market is widespread into North America, Europe, Asia-Pacific, Latin America, and MEA.
Sortation Systems Market Analysis by Components:
The market is segmented into hardware, software, and services based on components. During the projection period, the services segment is anticipated to increase at the highest CAGR. The market is being pushed by hardware and software maintenance requirements.
Sortation Systems Market Analysis by Application:
On the basis of application, the market is divided into logistics, e-commerce, airports, pharmaceuticals & medical supplies, food & beverage, and others. The market expansion is anticipated to be primarily driven by the rapidly growing e-commerce sector, further attributed to the current trend of online shopping and services. An exponential rise in the quantity of packages that must be sorted and delivered to customers globally is credited with the e-commerce industry's supremacy.
Global Sortation Systems market By Types, 2021 (%), 2022 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Sortation Systems Market Regional Insights
In North America, automating warehouse and order fulfilment processes has emerged as the key tactic for ensuring supply chain productivity and financial targets while maximising the levels of customer service. Additionally, the United States accounts for an estimated 91% of the market's revenue, thereby propelling the North American region to emerge dominant for the sortation systems market in the forecast period. Organizations in North America boost order accuracy by up to several percentage points by automating distribution operations. Businesses that automate both high quality service with cost-efficient operations and noticeable service level improvements, have an immediate positive impact on overall profitability and a long-term favourable influence on this market’s revenue generation rates.
Nearly one-fourth of the market share was held by Asia Pacific, which is also expected to experience the highest CAGR of 6.1% during the forecast period. The burgeoning e-commerce industry in this area is attributable to the demand for sortation systems in this region. Efficiency in sortation systems is now more important than ever because of the increase in order volume and shorter lead times. The general market for sortation systems is projected to earn profits from the shifting warehouse industry scenario in emerging Asian nations such as China, Japan, and India.
Global Sortation Systems market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Sortation Systems Market Dynamics
Sortation Systems Market Drivers:
Increasing growth of stock-keeping units (SKUs)
- The increasing growth of stock-keeping units (SKUs) makes it challenging for wholesalers and distributors to make decisions regarding their business operations. This creates a need for more inventive labour, equipment, and technology use. Owing to this, the market is projected to witness lucrative growth opportunities in the coming years.
Growing demand for automated systems
- In order to reduce human expenses and expectations while yet ensuring high process accuracy, businesses are now using automated solutions. The demand for automated systems is anticipated to rise significantly across a number of industries, thereby, driving the global sortation systems market.
Sortation Systems Market Restraint:
High Cost of System
- The market for the sortation systems is negatively impacted by the high initial manufacturing costs of the sortation systems. Additionally, the manufacturers must create systems that adhere to the requirements established by numerous regulatory organisations. Thus, the possibility of new participants entering this market is restrained. Nevertheless, the increase in implementation and rise in success rates of sortation systems in airports for luggage sorting are projected to create new business opportunities for this market in the long run.
Request Free Customization of this report to help us to meet your business objectives.
Global Sortation Systems Market Competitive Landscape
The competitive landscape of the global sortation systems market is fragmented owing to the presence of major players. The rise in major investments on research and development is projected to help players gain competitive edge in the overall market competition. Other players are focusing on improving their product portfolio. The company's overview, financials, revenue, market potential, investment in R&D, new market initiatives, global presence, production facilities, company strengths and weaknesses, product launch, clinical trial pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve are all included in the information. The information mentioned above only relates to the companies' market focus on parcel sortation systems.
Sortation Systems Market Top Player's Company Profiles
- Siemens AG
- Honeywell International Inc.
- Daifuku Co., Ltd.
- Murata Machinery, Ltd.
- Vanderlande Industries B.V.
- BEUMER Group GmbH & Co. KG
- Bastian Solutions, LLC
- Dematic Corporation
- Intelligrated, Inc.
- Interroll Holding AG
- Fives Group
- SSI SCHAEFER AG
- KION Group AG
- KNAPP AG
- TGW Logistics Group GmbH
- Conveyor Systems Ltd.
- Viastore Systems GmbH
- Okura Yusoki Co., Ltd.
- MHS Holdings, Inc.
- GBI Intralogistics GmbH
Global Sortation Systems Key Market Trends
- One of the biggest revenue-generating industries worldwide is the retail sector. It has a significant number of omnichannel vendors who are likely to be among the biggest buyers of material handling products such as sorting systems. As they need high throughput operations in their fulfilment centres, e-commerce companies have a particularly high need for sorting systems. In addition, the market expansion for sortation systems in India is supported by the use of industrial automation systems, which are offered by a variety of businesses and are marked by current advances. For instance, a wide range of automation equipment and solutions, such as robot systems for warehouses, are offered by Delta Electronics. GreyOrange also released its most recent modular sortation system, which was created for contemporary distribution and logistics facilities that serve retail, courier, and express industries. Additionally, the Flexo robotics system can sort up to hundreds of locations and 12,000 parcels every hour, including items for normal post and courier up to 15 kg (33 pounds). Such innovative initiatives taken by manufacturers are likely to help create lucrative growth opportunities for the sortation systems market in the coming years.
Global Sortation Systems Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research. The rise in need for organizational stocking in wholesale business is a prime growth driver for the global sortation systems market
North America dominated the global sortation systems market in 2022 with Asia Pacific in close competition. The services segment dominated the market in 2022. The main factors driving the growth of the global Sortation Systems Market are rising industrial automation costs, rising labour expenses, and expansion in e-commerce. A comprehensive analysis of the market is provided by the Global Sortation Systems Market research. The report provides a thorough analysis of the key market segments, trends, drivers, constraints, competitive environment, and factors that are significantly influencing the market.
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to a detailed SkyQuest exclusive matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 5.79 billion |
| Market size value in 2031 | USD 8.06 billion |
| Growth Rate | 4.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Sortation Systems Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Sortation Systems Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Sortation Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Sortation Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Sortation Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Sortation Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Sortation Systems Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
