Belt Sorters Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | The Business Research Company

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The Business Research Company presents an extensive market research report on the Belt Sorters Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The belt sorters market size has grown rapidly in recent years. It will grow from $3.03 billion in 2023 to $3.37 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to growth of e-commerce and online retailing, benefits of cross-belt sorting machines, increasing focus on reducing labor costs and improving productivity, expansion of the manufacturing industry in emerging economies, government initiatives to promote industrial automation.

The belt sorters market size is expected to see strong growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing demand for automation, growing focus on waste reduction, rising focus on energy efficiency, growing focus on product safety and quality. Major trends in the forecast period include integration of advanced technologies,expansion of e-commerce sector,increasing adoption of automation technologies.

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Key Market Players:

Major companies operating in the belt sorters market report are Siemens AG, Honeywell International Inc., Daifuku Co. Ltd., Dematic Corporation, Vanderlande Industries, Wayz Intelligent Manufacturing Technology Co. Ltd., BEUMER Group GmbH & Co. KG, OMH SCIENCE Group Co Ltd., Material Handling Systems Inc., Interroll Holding AG, SDI.systems, Bastian Solutions Inc., Zhejiang Damon Technology Co. Ltd., Fives Intralogistics Corp., Muratec Murata Machinery Ltd., Innovative Logistics Services Pvt. Ltd., Toyota Materials Handling Group (TMHG), Kuecker Logistics Group, KENGIC Intelligent Technology Co. Ltd., Kunming Shipbuilding Equipment Co. Ltd., Shanghai Simba Automation Technology Co. Ltd., Okura Yusoki Co. Ltd., Conveyco Technologies Inc., Mjc Co. Ltd., Suzhou Jinfon Logistics Equipment Co. Ltd., China Post Science and Technology Co. Ltd., Jiangsu Leadoin Intelligent Technology Inc.

Market Drivers:

The growth of e-commerce is expected to propel the growth of the belt sorters market going forward. E-commerce relies heavily on efficient and automated systems to handle the high volume of orders and packages that need to be sorted and dispatched quickly. Belt sorters are used in e-commerce to enable efficient and automated sorting of diverse products, reducing manual labor and ensuring swift order fulfillment to meet the increasing demands of online shoppers. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, compared to the second quarter of 2022, the estimate for e-commerce in the second quarter of 2023 climbed by 7.5% (or 1.4%), while overall retail sales rose by 0.6% (or 0.4%). Further, 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the growth of e-commerce in belt sorters is driving the growth of the market.

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The belt sorters market covered in this report is segmented -
1) By Type : Linear Cross Belt Sorting, Ring Cross Belt Sorting
2) By Sorting Capacity: Low Capacity, Medium Capacity, High Capacity
3) By Application: Mail and Post Industry, E-commerce Industry, Food and Beverage Industry, Apparel Industry, Healthcare and Medical Industry, Other Applications

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