DUBLIN--(BUSINESS WIRE)--The "Global Sortation Systems Market - Growth, Trend and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global sortation systems market was valued at US$ 4,576.29 million in 2017 and is projected to reach a value of US$ 5,988.35 million by the end of 2023, at a CAGR of 4.51% over the forecast period 2018-2023.
The Need for Reduction in Inventory & Handling Processes is Expected to Drive the Market
Smart IT systems have prompted an expansion in responsiveness and allowed retail distribution centers to significantly reduce inventory by receiving and dispatching goods just-in-time. Some retailers are expected to handle about 90% of their goods in this way.
Manufacturers of many fast moving consumer goods are opting for sortation systems to handle cartonized products as they come off the production line to reduce handling steps. Sortation systems help in reducing cost per case with faster delivery, reducing the inventory in distribution centers.
Key Highlights
- Retail Segment to Lead the Global Sortation System Market
- Asia-Pacific Dominated the Global Sortation System Market
Notable Developments in the Market
- March 2018 - Beumer Group launched a sortation system at LogiMAT. The BG Line Sorter provides an alternative to traditional sliding-shoe line sorters by combining the broad handling mix of a cross-belt sorter within the compact footprint of a line sorter
Key Topics Covered
1 Introduction
2 Research Approach & Methodology
3 Executive Summary
4 Market Dynamics
5 Global Sortation Systems Market Segmentation
6 Competitive Intelligence - Company Profiles
- Itoh Denki USA Inc.
- Interroll Holding GmbH
- Dematic Corp.
- Daifuku Co. Ltd.
- Viastore Systems Inc.
- Bastian Solution
- Murata Machinery Ltd.
- Intelligrated Inc.
- Fives Group
- Vanderlande Industries B.V.
- Beumer Group GmbH
For more information about this report visit https://www.researchandmarkets.com/research/h4rm27/sortation?w=4
