The Asia Pacific Sortation Systems Market size is estimated at USD 1.14 billion in 2024, and is expected to reach USD 1.82 billion by 2029, growing at a CAGR of 9.80% during the forecast period (2024-2029).
The warehouse sector has changed tremendously over the years, from unorganized godown structures to being recognized as a prominent asset class. In the APAC region, the rising wave of consumerism has moved beyond tier-1 markets and is evident in tier 2 & 3 cities, due to increased internet penetration, rising disposable incomes, a young and educated population, and a desire for a higher standard of living. As a result, businesses are moving closer to consumption centers to ensure rapid deliveries to end-users, and in-city warehouse space is gaining importance.
With many players involved in this sector, the market is highly fragmented and has the potential to grow further as manufacturers invest in innovative hardware and software features in their products and extend partnerships to expand their business. Some significant players offering services in this sector include Dematic Corp., Daifuku Co. Ltd., Beumer Group GmbH, and Honeywell Intelligrated.
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