Global Sortation Systems Market - Growth, Trend and Forecasts (2018 - 2023)
The global sortation systems market was valued at USD 4576.29 million in 2017 and is projected to reach a value of USD 5988.35 million by the end of 2023, at a CAGR of 4.51% over the forecast period, 2018-2023.
Although there are multiple basic functions in every distribution system that has undergone improvements due to technical advances, sortation systems are the most efficient of all. In a high-volume distribution environment, speed of package flow moving through the system, as determined by the sortation equipment, is usually focused upon as the criteria for production. In general, the speed at which the sortation equipment is running, needs to be increased in order to increase throughput.
Need for Reduction in Inventory and Handling Processes is Expected to Drive the Market
Smart IT systems have prompted an expansion in responsiveness and allowed retail distribution centers to significantly reduce inventory by receiving and dispatching goods just-in-time. Some retailers are expected to handle about 90% of their goods in this way. Manufacturers of many fast moving consumer goods are opting for sortation systems to handle cartonized products as they come off the production line to reduce handling steps. Sortation systems help in reducing cost per case with faster delivery, reducing the inventory in distribution centers.
Retail Segment to Lead the Global Sortation System Market
The retail businesses have changed their traditional production and distribution systems with final customers ordering in different amounts and through different channels, like e-Commerce. E-commerce has diversified the selling model, and customers are preferring to buy virtually due to the transaction conveniences. Owing to all these trends, companies have begun to adapt sortation systems in their distribution centers (DCs) to satisfy both in-store and virtual consumers in a timely and correct manner. Cross-docking and flow-through handling processes are adopted as well with the use of sortation systems to distribute cases to stores when they arrive at a DC.
Asia-Pacific Dominated the Global Sortation System Market
Irrespective of a couple of external and domestic risks that could impact the positive outlook, the economy of Asia-Pacific is set to grow with the aid of stronger growth in advanced economies, a moderate recovery in commodity prices, and a recovery in the global trade growth. Online retailers in developing countries, such as China, India, etc., are embracing innovative sortation technologies, offered by leading intralogistics service providers, to achieve unprecedented capacity and energy efficiency
Major Players: ITOH DENKI USA, INC., INTERROLL HOLDING GMBH, DEMATIC CORP., DAIFUKU CO., LTD., VIASTORE SYSTEMS INC., BASTIAN SOLUTION, MURATA MACHINERY, LTD., INTELLIGRATED INC., FIVES GROUP, VANDERLANDE INDUSTRIES B.V, BEUMER GROUP GMBH, amongst others.
Key Developments in the Market
March 2018– Beumer Group launched a sortation system at LogiMAT. The BG Line Sorter provides an alternative to traditional sliding-shoe line sorters by combining the broad handling mix of a cross-belt sorter within the compact footprint of a line sorter
Reasons to Purchase this Report
Impact of retail sector on sortation systems market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Growth of various end-users, such as Retail, Airports, Post & Parcel
Regional analysis of the market
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst supports, along with the Market Estimate sheet in excel
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