(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Dec. 16, 2024 (GLOBE NEWSWIRE) -- The "Conveyor Sorting Systems market 2024-2028" report has been added to ResearchAndMarkets.com's offering.
The conveyor sorting systems market is forecasted to grow by USD 1.24 billion during 2023-2028, accelerating at a CAGR of 6.5% during the forecast period.
The market is driven by expansion of manufacturing activities, emphasis on automation and reducing labor costs, and stringent health and safety regulations.
The study identifies the introduction of new products by vendors as one of the prime reasons driving the conveyor sorting systems market growth during the next few years.
Also, increasing number of mergers and acquisitions and integration of robotics in conveyor sorting systems will lead to sizable demand in the market.
This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The conveyor sorting systems market is segmented as below:
By Type
RFID-based sorting Vision-based sorting Barcode-based sorting Weight-based sorting Others
By End-user
E-commerce and retail Food and beverage Pharmaceutical Others
By Region
APAC North America Europe Middle East and Africa South America
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conveyor sorting systems market vendors.
Also, the report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
A selection of companies mentioned in this report includes, but is not limited to:
Bastian Solutions LLC Beumer Group GmbH and Co. KG Daifuku Co. Ltd. Eaglestone Equipment Falcon Autotech Pvt. Ltd. FIVES SAS FMH Conveyors International Ltd. FORTNA Inc. General Kinematics Corp. Honeywell International Inc. Hytrol Conveyor Co. Interroll Holding AG Jungheinrich AG Kardex Holding AG Key Technology Inc. KION GROUP AG Murata Machinery Ltd. Siemens AG SSI Schafer IT Solutions GmbH Vanderlande Industries BV
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