The report "Global Sortation System market”: By Product type; By Channel; By End-user; & By Geography - Forecast (2018-2024). The sortation system market is projected to reach $6234.31 Million by the end of 2024 with a CAGR of 4.80% from $ 4620.97 Million in 2017.
Automated sortation systems are those, capable of separating products according to their categories and destinations and these are majorly used under industries such as retail, aerospace, food & beverage industries and others.
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Sortation system offers an accurate and efficient solution for wide range of products. Increasing labor cost, more accurate and responsive in product purchase and delivery operations developed huge demand for automated sortation systems in retail and e-commerce sectors.
With growing penetration of online shoppers, e-commerce retailers adopted sortation system for various purposes such as inventory management and accurate delivery.
Key players in the market include:
- Vanderlande industries BV
- Siemens AG
- Bando chemical industries, Ltd
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- Industry value chain analysis is provided in the report to identify the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
- Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
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