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Belt Sorters Global Market Growth Expected to Increase at a CAGR of 9.6% from 2024 to 2028 | Siemens AG, Daifuku Co. Ltd., Dematic Corporation, Interroll Holding AG
Belt Sorters Global Market
According to The Business Research Company's, 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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Market Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Belt Sorters Market 2024 Key Insights:
• The belt sorters market is expected to grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• E-Commerce Boom Fuels Surge In Belt Sorters Market
• Innovation and Product Launches, with Emphasis on Cross-Belt Sorters in Material Handling Automation
• North America was the largest region in the belt sorters market in 2023
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