The global automated sortation system market will touch USD 4.48 billion at a 4.22% CAGR by 2032, as per the recent Market Research Future report.
Eminent market players profiled in the automated sortation system market report include
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Growing IoT Technology Adoption to Boost Market Growth
Increasing Internet of Things (IoT) technology use is fostering market expansion throughout the course of the projected period. Market participants are concentrating on employing technology to improve their product lineup and satisfy end consumers’ diverse sortation needs. In pharmaceutical firms, sortation is crucial. These businesses struggle with product wastage because items that are stored for an extended period of time at temperatures outside of their ideal range are rendered useless. Market companies are using IoT connectivity to deliver high-speed sortation and greater visibility into the location of goods in order to address this difficulty.
Burgeoning Need for E-Commerce to offer Robust Opportunities
Globally, e-commerce is becoming more and more popular. Because of the rising need to sort and distribute more packages, the market for parcel sortation systems is expanding. Numerous things, such as the growing accessibility and ease of online purchasing, better logistics and shipping systems, and a change in customer preferences towards digital platforms, can all contribute to this rise.
Restraints and Challenges
High Manufacturing Cost to act as Market Restraint
High manufacturing cost may act as a market restraint over the forecast period.
The global automated sortation system market is bifurcated based on application and type.
By type, linear sortation will lead the market over the forecast period.
By application, retail and ecommerce will domineer the market over the forecast period.
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During the early phases of the pandemic, some nations implemented severe lockdown procedures in response to the COVID-19 (coronavirus) epidemic. This in turn prompted people to start buying for necessities online instead than through more conventional means. Additionally, businesses are compelled to adhere to social isolation rules in the workplace, which raised expenditures in automation & connected solutions. Companies in the logistics, food and beverage, and retail and e-commerce sectors are prepared to invest higher in automation solutions that will favorably affect market growth throughout the projection period.
North America to Command Automated Sortation System Market
Due to the increasing implementation of Internet of Things technologies, the market for automated sortation systems in North America will dominate this industry. The key players in the area are concentrating on utilizing technology to enhance their product offerings & satisfy the diverse needs of various end customers, which will accelerate the market growth in this area. Additionally, in the North American area, the US automated sortation system market had the biggest market share, while the Canadian market had the quickest rate of expansion.
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