Automated Sortation System Global Market Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Automated Sortation System Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The automated sortation system market size has grown strongly in recent years. It will grow from $6.60 billion in 2023 to $7.09 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increased handling capacity, increased demand for speed and efficiency, labor costs and availability, competitive pressures, and demonstrated ROI.

The automated sortation system market size is expected to see strong growth in the next few years. It will grow to $9.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to rising labor costs, supply chain resilience and agility, globalization and trade dynamics, data analytics and optimization, and E-commerce expansion. Major trends in the forecast period include autonomous sorting technologies, advanced robotics integration, AI-driven optimization, predictive maintenance, and dynamic sortation networks.

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Market Drivers and Trends:

Rising e-commerce sales are expected to propel the growth of the automated sortation system market going forward. E-commerce sales refer to online transactions where goods or services are bought and sold electronically, often through websites or mobile applications, bypassing traditional brick-and-mortar stores. The increasing convenience of online shopping, coupled with a broader range of products and competitive pricing, has fueled the rise in e-commerce sales. Automated sortation systems in e-commerce streamline order processing by efficiently sorting and routing packages, enhancing operational efficiency and order fulfillment speed. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, e-commerce sales reached $1,118.7 billion in 2023, an increase of 7.6% from 2022. Therefore, rising e-commerce sales are driving the growth of the automated sortation system market.

Major companies operating in the automated sortation system market are adopting innovative automation and robotic products for warehousing, such as sorting and order retrieval solutions, to gain a competitive edge in the market. Sorting and order retrieval solutions are technologies and systems designed to streamline and automate sorting items and retrieving orders in warehouses, distribution centers, and fulfillment centers. For instance, in March 2024, OPEX Corporation, a US-based developer of automation solutions, launched two new solutions: OPEX Sure Sort X and OPEX Xtract, a new automated sortation and order retrieval solution designed to enhance automated sorting and order retrieval processes. The OPEX Sure Sort automated sorting system is a high-speed, small-item robotic sorting system that reduces the number of excessive touches associated with existing manual sorters, increasing productivity without increasing labor needs.

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Major Key Players of the Market:

Siemens AG, Mitsubishi Electric Corporation, Daifuku Co. Ltd., Dematic Corp, SSI Schaefer, Vanderlande Industries, Murata Machinery Ltd., Fives Group, Honeywell Intelligrated, Beumer Group GmbH, Interroll Group, Eisenmann SE, Bastian Solutions Inc., Knapp AG, Viastore Systems GmbH, Grenzebach Group, Cimcorp, TGW Logistics Group, Berkshire Grey Inc., SDI Group, Swisslog Holding AG, Datex Corporation, Conveyco Technologies, Eurosort Systems, Fortna Inc.

Automated Sortation System Market 2024 Key Insights:

• The automated sortation system market size is expected to see strong growth in the next few years. It will grow to $9.56 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.
• E-commerce Surge Fuels Growth In Automated Sortation Systems Market
• Innovative Next-Generation Sortation Systems In The Automated Sortation Market
• Europe was the largest region in the automated sortation system market in 2023

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