The Europe Automated Sortation System Market would witness market growth of 6.8% CAGR during the forecast period (2020-2026).
The focus of Market players is on using the innovation to improve their product offering and meet the different sortation prerequisites of end-users. Sortation assumes a crucial function in pharmaceutical organizations. These organizations face wastage issues as items that are sorted outside their storage temperature range for a long time are rendered unusable. To resolve this issue, market players are using IoT connectivity and give sortation at fast speed and better visibility identified with the location of the product.
The increasing adoption of automated sortation systems in post and parcel applications is foreseen to impel market development over the forecast period. Leading organizations, for example, DHL International GmbH and FedEx are putting their resources intensely in automating their distribution facilities and improving their service offerings. For example, DHL International GmbH launched its new automated distribution facility in New Jersey in November 2018. The 200,000 sq. ft. office is furnished with a wide range of new automated sorting and scanning innovations that empower high throughput.
There is serious competition in the market because of the presence of various leading players. Makers are focusing on opting for different inorganic development methodologies, for example, acquisitions, mergers, and geographical expansion to leverage their share of the market and get a competitive edge. For example, in March 2020, an announcement was made Dematic that its parent company KION Group AG took over Digital Applications International Limited; a U.K.-based Software Company that works in developing logistics automation solutions. This acquisition was done to improve Dematic’s intralogistics software offering.
Based on Type, the market is segmented into Linear Sortation and Loop Sortation. Based on End User, the market is segmented into Retail & E-commerce, Transportation & Logistics, Food & Beverages, Pharmaceutical and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Daifuku Co., Limited, Honeywell International, Inc., Siemens AG, Kion Group, Toyota Industries Corporation (Bastian Solutions LLC), BEUMER Group GmbH & Co. KG, Knapp AG, Murata Manufacturing Co., Ltd., Interroll Holding AG, and TGW Logistics Group GmbH.
Scope of the Study
- Linear Sortation
- Loop Sortation
By End User
- Retail & E-commerce
- Transportation & Logistics
- Food & Beverages
- Rest of Europe
- Daifuku Co., Limited
- Honeywell International, Inc.
- Siemens AG
- Kion Group
- Toyota Industries Corporation (Bastian Solutions LLC)
- BEUMER Group GmbH & Co. KG
- Knapp AG
- Murata Manufacturing Co., Ltd.
- Interroll Holding AG
- TGW Logistics Group GmbH
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