Conveyor Sorting Systems Market by End-user and Geography - Forecast and Analysis 2021-2025

The conveyor sorting systems market study is a comprehensive report with in-depth qualitative and quantitative research evaluating the current scenario and analysing the growth of 3.97% and CAGR5.43% with a market of USD 899.83 million during the forecast period 2020 to 2025.   

This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (logistics and transportation industry, food and beverage industry, pharmaceutical industry, and others) and geography (APAC, Europe, North America, South America, and MEA). The conveyor sorting systems market report also offers information on several market vendors, including BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., FIVES Group, Honeywell International Inc., Hytrol Conveyor Co., Interroll Holding AG, KION GROUP AG, Siemens AG, Toyota Industries Corp., and Vanderlande Industries BV among others.

What will the Conveyor Sorting Systems Market Size be During the Forecast Period?

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Parent Market Analysis

Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Conveyor Sorting Systems Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2020 as the base year, and 2021 as the estimated year.

Key Conveyor Sorting Systems Market Driver

One of the key factors driving growth in the market is the advantages of conveyor sorting systems. Over the years, there has been an increase in the adoption of conveyor sorting systems by end-users depending on factors such as throughput rate requirements, weights, shapes, and sizes of products to be sorted and the packaging format needed. Major benefits offered by sortation systems:

• Improvement in ergonomics Improvement in process flow when they have incorporated along with assembly and manufacturing processes
• Flexibility in terms of item mixes and volumes they can handle
• Enhanced safety by moving products along a fixed path and avoiding collisions Speed to accommodate slow and peak demand
• Facilitating movement throughout the facility with minimal human intervention

Due to the advantages offered by these systems, the investment in these systems for applications such as unloading of inbound containers, distribution to retail outlets through cross-docking, and efficient order picking and shipping sortation is expected to increase. 

Key Conveyor Sorting Systems Market Challenge

The high cost of implementation will be a major challenge for the market during the forecast period. Since conveyor sorting systems involve the use of sensors, software, and advanced technologies, their prices are considerably high and require a large initial one-time payment. Also, investments in trailers and docks, as well as in their modification, add to the costs. The costs appreciate depending on customization and other operational requirements based on the industry. Since these are expensive to implement, only companies that derive significant cost benefits from implementing these solutions invest in them. Also, companies with closed-loop systems and high-speed dock door turnover requirements (such as courier shipping companies) invest in these systems. A plant facility may require multiple systems for smooth operations, especially in the case of industries with high-volume requirements. Though large industries and corporations could afford the huge initial investments, SMEs find it difficult to invest in such systems due to their limited cash flow in operations. While these systems offer significant savings in labour costs, the lack of widespread awareness among potential end-users about cost-reduction procedures limits their implementation. This is a major deterrent to market growth, especially in labour-intensive economies, where cheap manual labour is available. 

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Conveyor Sorting Systems Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• BEUMER Group GmbH & Co. KG
• Daifuku Co. Ltd.
• FIVES Group
• Honeywell International Inc.
• Hytrol Conveyor Co.
• Interroll Holding AG
• KION GROUP AG
• Siemens AG
• Toyota Industries Corp.
• Vanderlande Industries BV

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as focusing on geographical expansion, increasing production capacities, and launching new products to meet the demand to compete in the market.

Product Insights and News

BEUMER Group GmbH & Co. KG -  The company offers conveyor sorting systems such as belt conveyors, conveyors for hot materials, conveyor technology for alternative fuels, and roller conveyors. The Baggage Handling Technology segment focuses on airport software suite, automated container handling system, automated container unloader, and baggage loader. The Conveying Technology segment focuses on apron conveyors, belt bucket elevators, central chain bucket elevators, and conveyor belts.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Conveyor Sorting Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Conveyor Sorting Systems Market?

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39% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for conveyor sorting systems in APAC. Market growth in this region will be slower than the growth of the market in other regions. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Conveyor Sorting Systems Market?

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The market share growth by the logistics and transportation industry segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Conveyor Sorting Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 5.43%
Market growth 2021-2025	$ 899.83 million
Market structure	Fragmented
YoY growth (%)	3.97
Regional analysis	APAC, Europe, North America, South America, and MEA
Performing market contribution	APAC at 39%
Key consumer countries	China, US, Germany, France, and Japan
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., FIVES Group, Honeywell International Inc., Hytrol Conveyor Co., Interroll Holding AG, KION GROUP AG, Siemens AG, Toyota Industries Corp., and Vanderlande Industries BV
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Conveyor Sorting Systems Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive market growth during the next five years
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of market vendors

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