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Belt Sorters Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | Siemens AG, Honeywell International Inc., Daifuku Co. Ltd., Dematic Corporation, Vanderlande Industries

Belt Sorters Global Market Report 2024

Belt Sorters Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Belt Sorters Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.88 billion In 2028 At A CAGR Of 9.6% :

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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Belt Sorters Market Major Segments
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

Key Driver - E-Commerce Boom Fuels Surge In Belt Sorters Market

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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Prominent Trend - Innovation and Product Launches, with Emphasis on Cross-Belt Sorters in Material Handling Automation

Major companies operating in the belt sorters market are focusing on product launches such as cross-belt sorters to increase their profitability in the market. Cross-belt sorters are a type of sorter used in logistics and distribution centers to efficiently sort parcels, apparel, and small items that are difficult to handle, such as fragile or high-friction products. For instance, in July 2021, Multi-Health Systems Inc., a US-based material handling automation and software solutions company, launched the HC Loop cross-belt sorter. This cross-belt sorter is especially well-suited for e-commerce operations since it is made to manage large volumes and a range of packages. It can sort up to 25,000 units per hour and provides a flat carrying surface, which makes it useful for a variety of applications, including order fulfillment, shipping, cross-docking, and kitting. MHS's in-house sortation portfolio includes the HC-Loop cross-belt sorter, which operates efficiently thanks to contactless induction motors and wireless infrared communications technology.

Belt Sorters 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.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the belt sorters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the belt sorters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Belt Sorters Market Report Structure
3. Belt Sorters Market Trends And Strategies
4. Belt Sorters Market - Macro Economic Scenario
5. Belt Sorters Market Size And Growth
…..
27. Belt Sorters Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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