MUMBAI, India, May 21, 2018 (GLOBE NEWSWIRE) -- Automated conveyors & sortation systems market is estimated to grow at a cumulative rate of 7%. The classification of goods and products with ease and comfort is the call of the hour given the rush and madness at airports, malls, industrial machineries and others. The time and energy spent in segregating goods perfectly is sorted and automated these days because of the ever-growing customer base in industries across the globe. Not to mention, MEA and APAC are realizing the importance of getting a strong foothold in this dynamic market.
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Market Dynamics
The automated conveyor and sortation systems market already has major operations worldwide in industries like paper, printing, chemicals, pharmaceuticals, automotive and others. Well, the requirement for longevity, dependability, and uptime are the most important yardsticks when evaluating automated and sortation systems. Other numerable factors include: possession cost, return on investment, service response time & feasibility costs. Undoubtedly, a lot of functions, in particular; labeling, packaging, wrapping, capping and more call for automated solutions approach. Nowadays, the eye to detail in terms of automation & sortation is seen in warehouses for packaging, storage, and refill.
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The driving factors are several just as; the need to match consumer expectations and demands, managing big data easily with bar codes, and to pace up with the ongoing competitive environment. Whereas, the weaknesses in the system to be tackled are the expenses incurred in introducing software and voice-directed technologies in order to smooth line the overall functioning in less time or in a time-bound manner. Albeit, the fast pace changing global technology is going to give some respite in terms of cost and functionality of automated conveyor and sortation system. Obviously, APAC region is going to spearhead this market in the forthcoming years.
Market Classification and Overview
The automated conveyors and sortation system market is segragated on the basis of product /function type, application, end-use industry, and geography. The different products of automated conveyor and sortation systems comprise packaging robots and automated packagers. The latest trend in the market in developed economies is the use of packaging robots. Here, the robots are already instructed in advance about the automation process. However, the loopholes here are the irregularities in sizes, shapes and forms of the products. To point out, packaging robots are at their best when it comes to exactness of products and streamlined processes. Pacing up next is automated packagers; they follow the automation and sortation process from the beginning till end giving little or no room for flaws. Yet, they are extremely high on maintenance and feasibility costs. Based on application, the market is spread across from research organizations, software vendors, technology investors, original equipment and product manufacturers, and many more. Clearly, product and original equipment manufacturers account for the highest market share because of mass scale production activities. Next in line are software vendors and technology investors owing to the technological changes and innovations.
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Regional Overview
The predominant geographies ruling automated conveyor and sortation system market are North America and Europe. Needless to say, these developed economies are boosting MEA and APAC regions to follow suit. Precisely, Switzerland, Germany, and London are grabbing a major portion here. Even North and Latin/Central America have had a decent market share in the automated conveyor and sortation systems. Slowly and steadily, Middle East and Africa along with Asia-Pacific are bracing ahead for a major share in this market owing to the need of the hour for modernization and urbanization. In brief, the positions of world-ranking economies may soon change given the scope for such a market in rising economies like Japan, Africa, China, Korea, India and others.
Report Coverage
Market: Automated Conveyors & Sortation Systems Market
Analysis Period: 2015 – 2026
Historic Data: 2015 – 2016
Base Year: 2017
Forecast Data: 2018 – 2026
Market Stratification: Product Type/Function, Application, End-Use Industry, Geography
Regional Scope: North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)
Report Coverage: Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis, Player Profiling, Value Chain Analysis
Market Participants
The prime players are BEUMER Group GmbH & Co, Schneider Electric SE, ABB Ltd., Emerson Electric Co., Kollmorgen, Rockwell Automation, Automated Packaging Systems, Inc., Swisslog Holding AG, Mitsubishi Electric Corp. & KG among others. These performing companies have solidified their core competencies and marched ahead because of new product developments and research analysis.
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Market Segmentation
Market By Product Type
- Packaging Robots
- Automated Conveyors and Sortation Systems
- Automated Packagers
Market By Function Type
- Palletizing
- Labeling
- Filling
- Case Packaging
- Wrapping
- Capping
- Bagging
Market By Application
- Product Manufacturers
- Original Equipment Manufacturers
- Research Organizations
- Technology Investors
- Governments & Financial Institutions
- Others
Market By End-Use Industry
- Semi Conductor and Electronics
- Chemical
- Aerospace and Defense
- Logistics and Warehousing
- Automotive
- Healthcare
- Food and Beverages
- Others
Market By Geography
- North America ○ US ○ Canada ○ Mexico
- Europe ○ UK ○ Germany ○ France ○ Rest of Europe
- Asia-Pacific ○ China ○ Japan ○ South Korea ○ Taiwan ○ India ○ Rest of Asia-Pacific
- Latin America ○ Brazil ○ Rest of Latin America
- Middle East and Africa (MEA) ○ South Africa ○ Saudi Arabia ○ Rest of MEA
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