PUBLISHER: The Business Research Company | PRODUCT CODE: 1458624
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458624
Belt sorters, also known as belt conveyor sorters, are automated material handling systems designed for the purpose of sorting items or packages based on predetermined criteria. These systems utilize a conveyor belt as a mechanism to transport items through the sorting process.
The two main types of belt sorters are linear cross-belt sorting and ring cross-belt sorting. Linear cross-belt sorting refers to a specific type of conveyor-based sortation system commonly employed in logistics and distribution centers. These systems can have varying sorting capacities, categorized as low, medium, and high capacity. Belt sorters find applications in various industries including mail and post, e-commerce, food and beverage, apparel, healthcare and medical, among others.
The belt sorter market research report is one of a series of new reports from The Business Research Company that provides belt sorter market statistics, including belt sorter industry global market size, regional shares, competitors with belt sorter market share, detailed belt sorter market segments, market trends, and opportunities, and any further data you may need to thrive in the belt sorter industry. This belt sorter market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed in the historical period can be attributed to several factors, including the growth of e-commerce and online retailing, the advantages offered by cross-belt sorting machines, an increasing focus on reducing labor costs and enhancing productivity, the expansion of the manufacturing industry in emerging economies, and government initiatives aimed at promoting 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 anticipated growth in the forecast period can be attributed to various factors, including the increasing demand for automation across industries, a growing focus on waste reduction, a rising emphasis on energy efficiency in material handling systems, and an increased focus on ensuring product safety and quality. Key trends expected in the forecast period encompass the integration of advanced technologies into belt sorting systems, the expansion of the e-commerce sector driving demand for efficient sorting solutions, and the increasing adoption of automation technologies in various industries.
The surge in e-commerce activities is poised to drive the growth of the belt sorters market in the foreseeable future. E-commerce operations heavily rely on efficient and automated systems to manage the substantial volume of orders and packages, necessitating quick sorting and dispatch processes. Belt sorters play a crucial role in e-commerce by facilitating efficient and automated sorting of a diverse range of products, thereby minimizing manual labor and ensuring rapid order fulfillment to meet the escalating demands of online shoppers. For example, in November 2023, as per data from the United States Census Bureau, e-commerce estimates for the second quarter of 2023 surged by 7.5% compared to the same period in 2022, with online sales accounting for 15.4% of all sales during that quarter. Consequently, the burgeoning e-commerce sector is a primary driver fueling the growth of the belt sorters market.
Key players in the belt sorters market are strategically focusing on product launches, particularly cross-belt sorters, to enhance their market profitability. Cross-belt sorters represent a specialized sorting solution utilized in logistics and distribution centers to efficiently sort parcels, apparel, and small items that pose handling challenges, such as fragile or high-friction products. For instance, in July 2021, Multi-Health Systems Inc. (MHS), a prominent US-based provider of material handling automation and software solutions, introduced the HC Loop cross-belt sorter. This innovative cross-belt sorter is specifically tailored for e-commerce operations, boasting the capability to manage large volumes and a diverse range of packages. With the ability to sort up to 25,000 units per hour and featuring a flat carrying surface, the HC Loop cross-belt sorter caters to various applications including order fulfillment, shipping, cross-docking, and kitting. Leveraging contactless induction motors and wireless infrared communications technology, MHS's HC Loop sorter operates efficiently, contributing to streamlined e-commerce operations and enhanced productivity in sorting processes.
In May 2023, Beumer Group, a leading German manufacturer of intralogistics systems, completed the acquisition of Hendrik Group Inc. The financial terms of the transaction were not disclosed. This strategic move reflects Beumer Group's commitment to sustainability and enhancing its product portfolio. Hendrik Group's expertise lies in the eco-friendly transportation of bulk materials, perfectly complementing Beumer's mission to deliver sustainable solutions and reduce its customers' carbon footprint. Based in the United States, Hendrik Group Inc. specializes in the development of advanced air-supported belt conveyors and belt sorters.
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.
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 countries covered in the belt sorters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The belt sorters market consists of sales of narrow belt sorters and cross-belt sorters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Belt Sorters Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on belt sorters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for belt sorters? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The belt sorters market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.