CORRECTING and REPLACING Technavio Estimates the Global Conveyor Sorting Systems Market to Grow by Almost $ 950 Million During 2020-2024 | APAC to Emerge as Key Growth Region

Please replace the release dated December 1, 2020 with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201201005892/en/

Technavio has announced its latest market research titled Conveyor Sorting Systems Market by End-user, Solution, and Geography - Forecast and Analysis 2020-2024 (Graphic: Business Wire)

The updated release reads:

TECHNAVIO ESTIMATES THE GLOBAL CONVEYOR SORTING SYSTEMS MARKET TO GROW BY ALMOST $ 950 MILLION DURING 2020-2024 | APAC TO EMERGE AS KEY GROWTH REGION

The conveyor sorting systems market is expected to grow by USD 947.47 million, progressing at a CAGR of over 5% during the forecast period.

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The advantages of conveyor sorting systems is one of the major factors propelling the market growth. However, factors such as the high cost of implementation will hamper growth.

More details: https://www.technavio.com/report/conveyor-sorting-systems-market-industry-analysis

Conveyor Sorting Systems Market: End-user Landscape

Based on the end-user, the market saw maximum growth in the logistics and transportation segment in 2019. This can be attributed to factors such as the emergence of digitization, new market entrants, new business models, and an increase in initiatives to improve customer experience.

Conveyor Sorting Systems Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 41% of the market’s overall growth is expected to originate from APAC. The growth of the market in APAC will be driven by the increasing demand for advanced material handling systems in the manufacturing plants.

China and Japan are the key markets for conveyor sorting systems in APAC. However, market growth in this region will be slower than the growth of the market in other regions.

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Related Reports on Industrials Include:

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Companies Covered:

• BEUMER Group GmbH & Co. KG

• Continental AG

• Daifuku Co. Ltd.

• Eisenmann SE

• FIVES Group

• Honeywell International Inc.

• Interroll Holding AG

• KION GROUP AG

• Siemens AG

• Toyota Industries Corp.

What our reports offer:

• Market share assessments for the regional and country-level segments

• Strategic recommendations for the new entrants

• Covers market data for 2019, 2020, until 2024

• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

• Strategic recommendations in key business segments based on the market estimations

• Competitive landscaping mapping the key common trends

• Company profiling with detailed strategies, financials, and recent developments

• Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem

• Market characteristics

• Value chain analysis

Market Sizing

• Market definition

• Market segment analysis

• Market size 2019

• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary

• Bargaining power of buyers

• Bargaining power of suppliers

• Threat of new entrants

• Threat of substitutes

• Threat of rivalry

• Market condition

Market Segmentation by End-user

• Market segments

• Comparison by End-user

• Logistics and transportation industry - Market size and forecast 2019-2024

• Food and beverage industry - Market size and forecast 2019-2024

• Pharmaceutical industry - Market size and forecast 2019-2024

• Others - Market size and forecast 2019-2024

• Market opportunity by End-user

Market Segmentation by Solution

• Market segments

• Hardware

• Services

• Software

Customer landscape

Geographic Landscape

• Geographic segmentation

• Geographic comparison

• APAC - Market size and forecast 2019-2024

• Europe - Market size and forecast 2019-2024

• North America - Market size and forecast 2019-2024

• South America - Market size and forecast 2019-2024

• MEA - Market size and forecast 2019-2024

• Key leading countries

• Market opportunity by geography

• Market drivers

• Market challenges

• Market trends

Vendor Landscape

• Overview

• Vendor landscape

• Landscape disruption

Vendor Analysis

• Vendors covered

• Market positioning of vendors

• BEUMER Group GmbH & Co. KG

• Continental AG

• Daifuku Co. Ltd.

• Eisenmann SE

• FIVES Group

• Honeywell International Inc.

• Interroll Holding AG

• KION GROUP AG

• Siemens AG

• Toyota Industries Corp.

Appendix

• Scope of the report

• Currency conversion rates for US$

• Research methodology

• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201201005892/en/

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