Product ID: SQMIG45J2055
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 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 Report Snapshots
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