What is Automated Conveyors and Sortation Systems Market?
Automated conveyors and sortation systems refer to the material handling conveyor system which automatically, separates, inducts, re-circulates, and diverts products within the distribution center or a warehouse to a number of possible downstream destinations. Automated conveyors and sortation systems market is propelling owing to increasing application in the logistics & warehousing, chemical, retail, semiconductor & electronics, aerospace & defense, automotive, and others. Further, the growing focus on the automaton in the manufacturing sector expected to drive the demand for automated conveyors and sortation systems market over the forecasted period.
The market study is being classified by Type (Software and Services) and major geographies with country level break-up.
Daifuku (Japan), Emerson (US), Fives (France), Siemens AG (Germany), Daifuku Co. Ltd. (Japan), Hyster-Yale Material Handling Inc. (United States), Jungheinrich AG (Germany), KION Group AG (Germany), Toyota Industries Corporation (Japan), Hanwha Corporation (South Korea), Kuka AG (Germany), Beumer Group GmbH & Co. Kg (Germany) and Schneider Electric SE (France) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are ABB Ltd. (Switzerland), Emerson Electric Co. (United States), Rockwell Automation (United States) and Automated Packaging Systems, Inc. (United States).
Leading global players are focusing on strategic partnerships to improve their products and services. In addition, companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Automated Conveyors and Sortation Systems market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Automated Conveyors and Sortation Systems market by Type, Application and Region.
On the basis of geography, the market of Automated Conveyors and Sortation Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Applications of Automated Conveyors and Sortation Systems in the Automotive Industry
- Rising Demand for Processed Food Led To Increasing Usage of Automated Conveyors and Sortation Systems in the Food and Beverage Industry
Market Trend
- Emphasizing On Development of Green Conveying System
- Technological Advancement in the Automated Conveyors and Sortation Systems
Restraints
- High Initial Investment Required For Automated Conveyors and Sortation Systems
- Lack of Skilled Workforce for Repairing Automated Conveyors and Sortation Systems
Opportunities
- Growing Digitization in the Material Handling Industry
- Increasing Demand from the Developing Economies Owing to Growing Industrialization
Challenges
- Issues Related With Safety and Accidents
- Availability of Substitute Products Such As Automated Guided Robots
Key Target Audience
Product Manufacturers, Original Equipment Manufacturers, Technology Investors, Potential Investors/Traders, Potential Investors, Government Bodies, Business Research and Consulting Service Providers and Others