Global Conveyor Sorting Systems Market 2018-2022 | Technological Advances Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Oct 3, 2018--The global conveyor sorting systems market research report by Technavio predicts the market to post a CAGR of over 7% during the period 2018-2022.
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Technavio has published a new market research report on the global conveyor sorting systems market for the period 2018-2022. (Graphic: Business Wire)
One of the key drivers for the global conveyor sorting systems market is the advantages offered by conveyor sorting systems. Over the years, owing to factors such as throughput rate requirements, weights, shapes, and sizes of the products to be sorted and the packaging format needed, there has been an increase in the adoption of conveyor sorting systems by end-users. The investment in these systems for various applications is anticipated to increase owing to the advantages offered by them.
This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the technological advances will be one of the key trends in the global conveyor sorting systems market:
Global conveyor sorting systems market: Technological advancements
The vendors will focus on R&D to introduce software capabilities to make sophisticated and user-friendly systems during the forecast period. The introduction of new types of software in conveyor sorting systems will provide the capabilities to create sorting plans and manage their coordination with other systems in the warehouse.
“To ensure that the software can accommodate adjustments and modifications as per the production needs of any factory, vendors will improve their in-house software development departments. The software developers are working in coordination with the design department to provide integrated solutions that meet industry standards. In addition, cost-effective and easy-to-implement technological advances are anticipated to be introduced,” says a senior research analyst at Technavio.
Global conveyor sorting systems market: Segmentation analysis
This conveyor sorting systems market analysis report segments the market by end-user (logistics and transportation industry, food and beverage industry, and pharmaceutical industry) and geography (the Americas, APAC, and EMEA).
The logistics and transportation industry held the largest conveyor sorting systems market share in 2017, accounting for over 33% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with more than 44% of the market share, followed by EMEA and the Americas respectively. APAC is expected to dominate the market throughout the period 2018-2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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