Smart Sorting System Market Dynamics 2021-2031
MARKET OVERVIEW
The increasing demand for automation in various industries, such as waste management, recycling, and food processing, drives the smart sorting system market. Smart sorting systems use advanced technologies such as artificial intelligence, machine learning, and image processing to sort various materials based on their physical and chemical characteristics. These systems help reduce manual labor, improve accuracy and efficiency, and reduce waste. The increasing adoption of smart sorting systems across various industries is expected to drive growth in the market.
MARKET DYNAMICS
Factors such as rise in e-commerce industry globally and booming retail sector owing to rising disposable income of individuals is driving the adoption of smart sorting system, and thereby influencing the growth of smart sorting system market. In addition to this, the smart sorting system are gaining high momentum in economies like the US, China, India, Germany, the UK, and many more because of changing technological sector. Moreover, emergence of AI-powered platform for sorting is also anticipated to provide ample of growth opportunities to the players operating in the smart sorting system market.
MARKET SCOPE
The "Global Smart Sorting System Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the smart sorting system market with detailed market segmentation- type, industry, and geography. The global smart sorting system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart sorting system market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global smart sorting system market is segmented on the basis of type and industry. Based on type, the smart sorting system market is segmented into linear sorting systems, loop sorting systems. On the basis of application, the smart sorting system market is segmented into automotive, retail and e-commerce, food and beverage, pharmaceutical and medical, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart sorting system market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart sorting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart sorting system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the smart sorting system in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart sorting system market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart sorting system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the smart sorting system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the smart sorting system in these regions.
MARKET PLAYERS
The reports cover key developments in the smart sorting system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from smart sorting system market are anticipated to lucrative growth opportunities in the future with the rising demand for smart sorting system in the global market. Below mentioned is the list of few companies engaged in the smart sorting system market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the smart sorting system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BEUMER
- Daifuku
- Intelligrated
- KION Group
- Okura
- Murata Machinery
- SSI SCHAEFER
- TGW Group
- Vanderlande
- Equinox
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Smart Sorting System Market - By Type
1.3.2 Smart Sorting System Market - By Industry
1.3.3 Smart Sorting System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SMART SORTING SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SMART SORTING SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SMART SORTING SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. SMART SORTING SYSTEM - GLOBAL MARKET OVERVIEW
6.2. SMART SORTING SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SMART SORTING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. LINEAR SORTING SYSTEMS
7.3.1. Overview
7.3.2. Linear Sorting Systems Market Forecast and Analysis
7.4. LOOP SORTING SYSTEMS
7.4.1. Overview
7.4.2. Loop Sorting Systems Market Forecast and Analysis
8. SMART SORTING SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - INDUSTRY
8.1. OVERVIEW
8.2. INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. AUTOMOTIVE
8.3.1. Overview
8.3.2. Automotive Market Forecast and Analysis
8.4. RETAIL AND E-COMMERCE
8.4.1. Overview
8.4.2. Retail and E-commerce Market Forecast and Analysis
8.5. FOOD AND BEVERAGE
8.5.1. Overview
8.5.2. Food and Beverage Market Forecast and Analysis
8.6. PHARMACEUTICAL AND MEDICAL
8.6.1. Overview
8.6.2. Pharmaceutical and Medical Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. SMART SORTING SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Smart Sorting System Market Overview
9.1.2 North America Smart Sorting System Market Forecasts and Analysis
9.1.3 North America Smart Sorting System Market Forecasts and Analysis - By Type
9.1.4 North America Smart Sorting System Market Forecasts and Analysis - By Industry
9.1.5 North America Smart Sorting System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Smart Sorting System Market
9.1.5.1.1 United States Smart Sorting System Market by Type
9.1.5.1.2 United States Smart Sorting System Market by Industry
9.1.5.2 Canada Smart Sorting System Market
9.1.5.2.1 Canada Smart Sorting System Market by Type
9.1.5.2.2 Canada Smart Sorting System Market by Industry
9.1.5.3 Mexico Smart Sorting System Market
9.1.5.3.1 Mexico Smart Sorting System Market by Type
9.1.5.3.2 Mexico Smart Sorting System Market by Industry
9.2. EUROPE
9.2.1 Europe Smart Sorting System Market Overview
9.2.2 Europe Smart Sorting System Market Forecasts and Analysis
9.2.3 Europe Smart Sorting System Market Forecasts and Analysis - By Type
9.2.4 Europe Smart Sorting System Market Forecasts and Analysis - By Industry
9.2.5 Europe Smart Sorting System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Smart Sorting System Market
9.2.5.1.1 Germany Smart Sorting System Market by Type
9.2.5.1.2 Germany Smart Sorting System Market by Industry
9.2.5.2 France Smart Sorting System Market
9.2.5.2.1 France Smart Sorting System Market by Type
9.2.5.2.2 France Smart Sorting System Market by Industry
9.2.5.3 Italy Smart Sorting System Market
9.2.5.3.1 Italy Smart Sorting System Market by Type
9.2.5.3.2 Italy Smart Sorting System Market by Industry
9.2.5.4 United Kingdom Smart Sorting System Market
9.2.5.4.1 United Kingdom Smart Sorting System Market by Type
9.2.5.4.2 United Kingdom Smart Sorting System Market by Industry
9.2.5.5 Russia Smart Sorting System Market
9.2.5.5.1 Russia Smart Sorting System Market by Type
9.2.5.5.2 Russia Smart Sorting System Market by Industry
9.2.5.6 Rest of Europe Smart Sorting System Market
9.2.5.6.1 Rest of Europe Smart Sorting System Market by Type
9.2.5.6.2 Rest of Europe Smart Sorting System Market by Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Smart Sorting System Market Overview
9.3.2 Asia-Pacific Smart Sorting System Market Forecasts and Analysis
9.3.3 Asia-Pacific Smart Sorting System Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Smart Sorting System Market Forecasts and Analysis - By Industry
9.3.5 Asia-Pacific Smart Sorting System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Smart Sorting System Market
9.3.5.1.1 Australia Smart Sorting System Market by Type
9.3.5.1.2 Australia Smart Sorting System Market by Industry
9.3.5.2 China Smart Sorting System Market
9.3.5.2.1 China Smart Sorting System Market by Type
9.3.5.2.2 China Smart Sorting System Market by Industry
9.3.5.3 India Smart Sorting System Market
9.3.5.3.1 India Smart Sorting System Market by Type
9.3.5.3.2 India Smart Sorting System Market by Industry
9.3.5.4 Japan Smart Sorting System Market
9.3.5.4.1 Japan Smart Sorting System Market by Type
9.3.5.4.2 Japan Smart Sorting System Market by Industry
9.3.5.5 South Korea Smart Sorting System Market
9.3.5.5.1 South Korea Smart Sorting System Market by Type
9.3.5.5.2 South Korea Smart Sorting System Market by Industry
9.3.5.6 Rest of Asia-Pacific Smart Sorting System Market
9.3.5.6.1 Rest of Asia-Pacific Smart Sorting System Market by Type
9.3.5.6.2 Rest of Asia-Pacific Smart Sorting System Market by Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Smart Sorting System Market Overview
9.4.2 Middle East and Africa Smart Sorting System Market Forecasts and Analysis
9.4.3 Middle East and Africa Smart Sorting System Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Smart Sorting System Market Forecasts and Analysis - By Industry
9.4.5 Middle East and Africa Smart Sorting System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Smart Sorting System Market
9.4.5.1.1 South Africa Smart Sorting System Market by Type
9.4.5.1.2 South Africa Smart Sorting System Market by Industry
9.4.5.2 Saudi Arabia Smart Sorting System Market
9.4.5.2.1 Saudi Arabia Smart Sorting System Market by Type
9.4.5.2.2 Saudi Arabia Smart Sorting System Market by Industry
9.4.5.3 U.A.E Smart Sorting System Market
9.4.5.3.1 U.A.E Smart Sorting System Market by Type
9.4.5.3.2 U.A.E Smart Sorting System Market by Industry
9.4.5.4 Rest of Middle East and Africa Smart Sorting System Market
9.4.5.4.1 Rest of Middle East and Africa Smart Sorting System Market by Type
9.4.5.4.2 Rest of Middle East and Africa Smart Sorting System Market by Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Smart Sorting System Market Overview
9.5.2 South and Central America Smart Sorting System Market Forecasts and Analysis
9.5.3 South and Central America Smart Sorting System Market Forecasts and Analysis - By Type
9.5.4 South and Central America Smart Sorting System Market Forecasts and Analysis - By Industry
9.5.5 South and Central America Smart Sorting System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Smart Sorting System Market
9.5.5.1.1 Brazil Smart Sorting System Market by Type
9.5.5.1.2 Brazil Smart Sorting System Market by Industry
9.5.5.2 Argentina Smart Sorting System Market
9.5.5.2.1 Argentina Smart Sorting System Market by Type
9.5.5.2.2 Argentina Smart Sorting System Market by Industry
9.5.5.3 Rest of South and Central America Smart Sorting System Market
9.5.5.3.1 Rest of South and Central America Smart Sorting System Market by Type
9.5.5.3.2 Rest of South and Central America Smart Sorting System Market by Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SMART SORTING SYSTEM MARKET, KEY COMPANY PROFILES
11.1. BEUMER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DAIFUKU
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. INTELLIGRATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KION GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. OKURA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MURATA MACHINERY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SSI SCHAEFER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TGW GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VANDERLANDE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. EQUINOX
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- BEUMER
- Daifuku
- Intelligrated
- KION Group
- Okura
- Murata Machinery
- SSI SCHAEFER
- TGW Group
- Vanderlande
- Equinox
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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