Report ID: SQMIG45J2055
Report ID:
SQMIG45J2055 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
92 |
Figures:
76
Global Sortation Systems Market size was valued at USD 5.79 billion in 2022 and is poised to grow from USD 6.05 billion in 2023 to USD 8.06 billion by 2031, growing at a CAGR of 4.50% during the forecast period (2024-2031).
Sorting entails the employment of a range of devices for managing task-specific software’s to detect objects on a conveyor system and direct them to target-specific locations. Additionally, they are able to read any relevant labels and even apply new ones. Even while all of these tasks are crucial to ensuring that the products reach their intended locations, scheduling deliveries is the one that directly contributes to the goal. Sorting puts the containers in the appropriate delivery zones so they may travel to their destination. Sorting can significantly improve the effectiveness of the consumer’s fulfilment automation and they are available in different sizes and forms. They must also be organised appropriately. Conveyor systems and other mechanical processes need to be organized appropriately as per the consumer’s priorities and such software can help streamline any fulfilment automation to keep things moving.
The growth of the sortation systems market is attributed to the ongoing expansion of the global e-commerce sector, rising labour costs, industrial automation, and technological advancements such as artificial intelligence (AI) and robots for task management. The widespread use of IOT technology is opening up new business expansion potential. Government restrictions on automation technology are however projected to hinder the market for sortation systems. A wide range of parcel volumes and sizes is posing a serious obstacle to the market's expansion.
US Sortation Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG45J2055