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Automated Sortation System Market Report Up to 2031
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Automated sortation systems is designed to sort a number products such as consumer goods, mail, parcel, luggage, among others. Moreover, it is generally used for small size products based on various aspects such as destination, color, and product type. Furthermore, organizations across several industries are focusing on optimum utilization of inventory by offering just-in-time delivery services. Therefore, in order to facilitate fast production & finalizing goods, the demand for automated sortation systems is continuing to rise in the market.
Factors such as several benefits provided by sortation equipment and surge in adoption of Internet of Thing (IoT) technology are some of the major factors driving the market growth. Conversely, increased incorporation of Industry 4.0 across several industry verticals and rising investments in warehouse automation are becoming major factors expected to create lucrative opportunities to the market in the upcoming years.
COVID-19 Impact on Automated Sortation System Market
The spread of COVID-19 has affected production activities globally and automated sortation system market has severely impacted due to COVID-19 outbreak. Due to lockdowns imposed by governments, halt of manufacturing operations, unavailability of workforce, has significantly impacted the usage of automated sortation system. However, due to increase in demand for finished & packages goods and increase production process with higher units, the automated sortation system is anticipated to prosper significant growth rate in the upcoming years.
Market Drivers
Several benefits provided by sortation equipment
Increases workplace safety, enhances inventory efficiency & accuracy in product counting, and reduction in labor costs are some of the major benefits provided by implementation of automated sortation system. Therefore, due to these major benefits & features provides by automated sortation system, the key players are adopting & investing in this system, which is fuelling the market growth.
Surge in adoption of Internet of Thing (IoT) technology
Increased technological advancements, large industrial verticals are aiming at implementing & adopting Thing (IoT) technology. Moreover, key players are focusing on utilizing the technology for enhancing product offering & accelerate sortation processes. Therefore, increased adoption of advance technologies are becoming major driving factors to the market.
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Market Opportunities
Increased incorporation of Industry 4.0 across several industry verticals
With an integration of Industry 4.0 with automation systems, industries are developing & transforming operations into connected, smart, and highly efficient automated facilities in the market. In addition, Industry 4.0 is changing the functioning of sortation process in the industries and is capable of adapting an industrial facility into an independent plant. Therefore, with these advance features provided by an implementation of Industry 4.0 is expected to provide lucrative opportunities to the market in the upcoming years.
Rising investments in warehouse automation
With continuous demand for finished goods & other requirements of end-users, the industries are accelerating production processes and therefore warehouse automation demand continue to rise in the market. Therefore, due to increased warehouse maintenance & automation needs, the companies are investing in automated sortation system market, which is expected to rise at a tremendous growth rate and is expected to boost the market growth.
Competitive Landscape
Some of the companies profiled in the report include Bastian Solutions, Inc., Beumer Group Gmbh, Daifuku Co. Ltd., Honeywell Intelligrated, Interroll Group, KION Group, KNAPP AG, Murata Machinery, Siemens AG, and Vanderlande Industries B.V.
Recent Developments
In August 2020, Kion Group has entered into partnership with Quicktron, which is a Chinese manufacturer of autonomous mobile robots (AMR). In addition, the partnership aimed at distributing Quicktron products via global sales & service networks of the Kion brands Linde Material Handling, STILL, and Dematic.
In August 2019, Honeywell Intelligrated, which is a material handling automation and software engineering company collaborated with Slate River Systems, Inc. (SRSI), a leading material handling systems integrator. Moreover, with this collaboration, the SRSI team employed Honeywell Intelligrated’s line of high-speed conveyor & sortation systems as an essential components of their optimized distribution center solutions.
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