Asia-Pacific Automated Sortation System Market
Growth of the automated sortation system in Asia-Pacific is expected to increase with the rising need for faster delivery speeds and increase in shipping accuracy. Asia-Pacific is the fastest growing market in the world, witnessing a CAGR of 5.86%, which is expected to reach USD 2,500 million by end of 2022. As indicated by the World Bank, stronger development in advanced economies, recovery in commodity prices, and a strengthening of global trade growth are the favorable external factors that will support the economies of developing Asia-Pacific to increase its GDP by 6.4% in 2017. These above mentioned factors are expected to increase the installations of sortation systems in Asia-Pacific. The major restraint for the employment of sortation system is high installation cost.
Thus Asia-Pacific automated sortation system market is expected to cross USD 2,500 million by 2022, with a CAGR of 5.86%.
GROWING E-COMMERCE MARKET AND RAPID INDUSTRIALIZATION ARE EXPECTED TO DRIVE THE MARKET
The industrial sector picked up momentum in recent times due to increased investments in the first half of 2017. The improvement in manufacturing production in 1Q17 seems to have provided a boost to corporate profits in Asia-Pacific. Rising disposable income in regions like China, India, and South Korea is expected to positively impact the retail sector in the region. By 2020, APAC is expected to account for 69% of the total online retail sales, compared to 46% in 2015. The US e-commerce market, which stand in the second position globally after China, is half the market size of the Chinese e -commerce market. This increase in the retail industry is expected to drive the market for sortation systems in the region.
ASIA-PACIFIC POST & PARCEL MARKET IS THE LARGEST AND IS EXPECTED TO GROW THE FASTEST IN THE WORLD
China represents the largest market in volume terms, across the globe. China’s parcel volumes grew more than 50% in 1 year from 2015 to 2016. Developing nations are expected to employ more sortation systems in the post & parcel industry due to increasing labor cost and the need for increasing shipping accuracy. Throughput and material handling requirements vary widely for parcel sorting systems. Currently, the lack of availability of universally accepted technology is hindering the adoption of sortation systems by the post & parcel industry.
CHINA IS EXPECTED TO GROW AT THE FASTEST PACE
Currently, unmanned sortation centers are being used only in China. Increasing labor costs across the countries in the industrial areas is also supported by the increasing operating income. This is favoring the companies to adopt the sortation systems. Orange robots and use of AGVs are expected to impact the growth of sortation systems. The Chinese government is supporting the integration of more efficient sortation systems in different industries.
Our report on Asia-Pacific Automated Sortation System Market covers the following
1.1 KEY STUDY DELIVERABLES
1.2 KEY STUDY ASSUMPTIONS
1.3 MARKET DEFINITION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 MARKET OVERVIEW
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 INDUSTRY ATTRACTIVENESS- PORTER'S FIVE FORCES ANALYSIS
4.4.1 BARGAINING POWER OF SUPPLIERS
4.4.2 BARGAINING POWER OF CONSUMERS
4.4.3 THREAT OF NEW ENTRANTS
4.4.4 THREAT OF SUBSTITUTE PRODUCTS
4.4.5 COMPETITIVE RIVALRY WITHIN THE INDUSTRY
4.5 VALUE CHAIN ANALYSIS
5. ASIA-PACIFIC AUTOMATIC SORTATION SYSTEM MARKET SEGMENTATION (REVENUE IN USD MILLION, 2016-2022)
5.1 BY COUNTRY
22.214.171.124 BY END-USER
126.96.36.199.2 FOOD AND BEVERAGES
188.8.131.52.4 POST & PARCEL
184.108.40.206.5 RETAIL *(Kindly note that similar end-user segment coverage is provided for all other countries in the scope.)
5.1.8 SOUTH KOREA
6. COMPANY PROFILES
6.1 INVATA INTRALOGISTICS, INC
6.2 INTERROLL HOLDING GMBH
6.3 DEMATIC CORP.
6.4 DAIFUKU CO., LTD.
6.6 BASTIAN SOLUTION
6.7 MURATA MACHINERY, LTD.
6.8 INTELLIGRATED INC.
6.9 FIVES GROUP
6.10 VANDERLANDE INDUSTRIES B.V
6.11 BEUMER GROUP GMBH
7. FUTURE OF AUTOMATIC SORTATION SYSTEM IN ASIA PACIFIC