Crossbelt Sorters Market Report Overview
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The global crossbelt sorters market size is expected to be worth USD 1203.9 million in 2021 and market is projected to touch USD 2723.18 million by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% during the forecast period.
A crossbelt sorter is one that is mounted on top of a consistent conveyor loop. Miniature belt conveyor is the carrying surface that sits atop the continuous loop, thereby holding the product.
Based on the model used, the number of diverts, and the type of product being conveyed, a throughput rate of approximately 25,000 units per hour is possible. This is one of the highest throughput rates of any continuous loop conveyor. Crossbelt sorters are ideal for handling cartons, polybags, totes, and single units weighing between 10 and 30 kilogrammes. Because the carrying surface is flat, the crossbelt is not ideal for handling inventory that may roll, such as balls or cylinders. They are typically used to sort parcels, clothing, and small items that are difficult to sort, such as fragile or high friction items. Even with gentle handling, this technology offers tight divert points and high sortation rates in excess of 500 cartons per minute, allowing fast-moving industries to achieve high performance.
COVID-19 Impact: Sudden Lockdown to Hamper Market
The global breakdown of COVID-19 had a huge impact on the market like the way it impacted almost all the markets worldwide. The sudden lockdown and hence the closure of factories, and most industries impacted the global crossbelt sorters market. Industries in the crossbelt sorter sector are facing a number of challenges as a result of various market downfalls following COVID-19. At the same time, the growth of online purchases during the time of the pandemic had a partially positive impact on the market. The post-pandemic period is making a good impact on the market due to the resumed activities and working of every industry associated with the market.
Latest Trends
"Technological Advancements In The Crossbelt Industry To Drive The Market Growth"
Recent developments resulted in the Interroll company to introduce the MX 025H cross-belt sorter. It delivers a high throughput rate and conveying speed, enabling better flexibility in sorting items. The new powerful sorter is best-suited for a range of industries and applications where requires gentle sorting is demanded. It sorts up to 50 kg of material, including parcels, cardboard boxes, packaged foods, small packages, padded envelopes, catalogue goods, multimedia products, and clothing.
Crossbelt Sorters Market Segmentations
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- By Type
The market is classified into linear cross belt sorting, and ring cross belt sorting based on type. The linear cross belt sorting segment will lead the global crossbelt sorters market share throughout the forecast period.
- By Application
The market is classified into mail and post industry, e-commerce industry, food and beverage industry, apparel industry, healthcare and medical industry, and others on the basis of application. The mail and post industry segment will lead the global crossbelt sorters market share throughout the forecast period.
Driving Factors
"Growth Of E-commerce To Drive The Market"
The growth of e-commerce has had a huge impact on the global crossbelt sorters market. With the growth of the e-commerce industry, there is a greater need for crossbelt sorters for the mass parcels and packaging. This is primarily due to time constraints and human errors that occur when handling large volumes of parcels. This has had a positive impact on the market, fueling its growth. Furthermore, the usage of crossbelt sorters will also reduce labor costs significantly. Apart from this, the growing emphasis of companies on increasing productivity in order to create a favorable environment for sustainable business is likely to have a positive impact on the cross-belt sorter market.
"Features Of Crossbelt Sorters To Drive The Market"
Various features and benefits of crossbelt sorter including high product throughput across a wide range of products, flexible integration into existing layouts, low operating expenses, mechanically simple construction, and greater sort location density is a major driving factor of the market.
Restraining Factors
"High Cost Of Installation And Maintenance To Restrain The Market Growth"
The installation and maintenance of these sorters require more money which is a major factor impeding the global crossbelt sorters market growth. Even though not all types of crossbelt sorters require high maintenance cost, there are still some industries which has to spend more money for the maintenance cost of the same.
Crossbelt Sorters Market Regional Insights
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"Asia Pacific To Lead The Market Owing To Growth Of E-commerce "
The Asia Pacific region, with its brisk growth in the E-commerce sector and rapidly expanding industrialization, is expected to fuel the growth of the cross-belt sorter market. Furthermore, massive exports of pharmaceuticals, consumer goods, and food and beverages will necessitate faster and more accurate deliveries. Transparency, fewer risks, increased productivity, low processing time, and less human intervention and dependency are the benefits of the cross-belt sorter in the e-commerce industry. These factors are likely to increase businesses' capabilities, thereby increasing demand for cross-belt sorters.
After Asia Pacific, Europe is expected to dominate the market. Europe's technological advancements, as well as the presence of several e-commerce players, may lead to developments in the cross-belt sorter market. In addition, rise in the number of producers and end-users will boost the product demand, which may positively impact the market in the forecasted years.
Key Industry Players
"Leading Players Adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolios and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the global crossbelt sorters market.
List of Market Players Profiled
- BEUMER Group (Germany)
- Siemens (Germany)
- Toyota Advanced Logistics (Bastian Solutions, Vanderlande) (U.S.)
- Fives Intralogistics (U.S.)
- Honeywell Intelligrated (U.S.)
- KENGIC Intelligent Equipment (China)
- OMH Science Group (China)
- Mjc Co., Ltd (Japan)
- ILS (Innovative Logistics Solutions)
- Kunming Shipbuilding Equipment (China)
- Suzhou Jinfeng Logistics Equipment (China)
- China Post Science and Technology (China)
- Dematic Corporation (KION) (U.S.)
- Okura Yusoki Co., Ltd (Japan)
- Interroll Holding (Switzerland)
- Muratec Machinery (Japan)
- Zhejiang Damon Technology (China)
- Jiangsu Leadoin Intelligent Technology (China)
- Wayz Intelligent Manufacturing Technology (China)
- MHS Global (U.S.)
- SDI Systems (U.S.)
- Shanghai Simba Automation Technology (China)
- Daifuku Co., Ltd. (Japan)
REPORT COVERAGE
In the report, factors affecting the market from both demand and supply are evaluated and market dynamics during the forecast period are also forecasted. Also included in the report is a comprehensive PEST analysis of countries, which assesses the governmental, financial, and shared factors influencing their markets. Apart from all of these, the report also provides drivers, restraints, opportunities, and future trends.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1203.9 Million in 2021 |
Market Size Value By |
US$ 2723.18 Million by 2031 |
Growth Rate |
CAGR of 8.5% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the crossbelt sorters market expected to touch by 2031?
The crossbelt sorters market is expected to reach a value of USD 2723.18 million by 2031.
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What CAGR is the crossbelt sorters market expected to exhibit by 2031?
The crossbelt sorters market is expected to exhibit a CAGR of 8.5% by 2031.
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Which are the driving factors of the crossbelt sorters market?
The growth of E-commerce and the benefits of crossbelt sorting machines are some of the major driving factors of the crossbelt sorters market.
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Which are the top companies in the crossbelt sorters market?
The top companies in the market include BEUMER Group, Siemens, Toyota Advanced Logistics (Bastian Solutions, Vanderlande), and Fives Intralogistics, etc.