Sorting Equipment Market was valued at US$ 3.90 Bn. in 2022. Global Sorting Equipment Market size is estimated to grow at a CAGR of 5.50% over the forecast period.Sorting Equipment Market Overview:
Sorting devices are industrial machines that are used to sort goods and group them together in a methodical manner. These machines are made to make sorting applications easier and to automatically separate them based on structural qualities, color, weight, size, chemical composition, shape, and other parameters. Because of the recent uprise of concerns regarding no-touch deliveries and increase in the number of goods, prompting the use of automation to increase the efficiency of operations, these factors drive the growth of the Sorting Equipment Market in the forecast period. The pharmaceutical and Agriculture industries are key segments predicted to grow the maximum in the forecast period. Sorting machines are used to sort different types of tablets and other medical goods as well as sorting of produce in the agriculture sector. As a result, big players are investing heavily in Sorting Equipment machinery leading to the growth of the Sorting Equipment Market.To know about the Research Methodology :- Request Free Sample ReportSorting Equipment Market Dynamics:
An increasing number of contagious infections around the world There has been a rapid increase in the number of contagious infections such as Covid 19, Ebola Virus, Zika Virus and others that have led to the growth in the pharmaceutical industry. Many key players are well set to increase their drug production capacity as well as launch new and improved drugs specialized to fight these diseases. Sorting Equipment is used extensively in the pharmaceutical industry to sort different medicines. As a result, all these factors indicate positive growth in the Sorting Equipment Market. Research and Development in Sorting Equipment Manufacturers are looking toward combining different methods for better sorting of a single unit of machinery. This will likely lead to cost optimizations by combining the functionality of multiple machines into one leading to both cost and space savings. As an example, an advanced sorting machine used by Satake USA combines image detection and shape sorting capabilities into a single machine High Cost of Sorting Machinery likely to hinder growth The high amount of initial capital required during the purchase of these machines is the key factor that is predicted to hinder the growth of the Sorting Equipment Market. This is because small players will be hesitant towards such heavy investment and may resort to manual methods of sorting goods. Further, the increase in overall product volume across different markets such as Agriculture, Chemicals, Plastics and Packaging is predicted to contribute to the growth of the Sorting Equipment Market.Sorting Equipment Market Segment Analysis:
Based on the Product Type, the Sorting Equipment Market is segmented into Freefall Sorter, Channel Sorter, Automated Defect Remover, Belt Sorters and Optical Sorters. The Optical Sorter segment held the largest market share of xx% in 2022. This is due to the wide use of the segment in various markets due to its ability to reduce time and cost of production coupled with high accuracy. The Automated defect Remover segment is predicted to grow during the forecast period because of its application in specialised markets. Based on the End-Use, the Sorting Equipment Market is segmented into Chemical Industry, Food Industry, Pharmaceutical Industry, Agriculture Industry and Food Industry. The pharmaceutical end-use segment is anticipated to grow at CAGR of xx% over the forecast period, owing to the increased R&D and implementation of sophisticated technologies in pharmaceutical goods manufacturing. This is followed by the Food Industry where Sorting Equipment is growing in numbers because of the increase in production of food products globally and automation of the market.Sorting Equipment Market Regional Insights:
North America region held the largest market share of xx% in 2022, due to increased demand of processed, supplement and nutritional food market. Increased usage in the pharmaceutical market is further expected to boost the Sorting Equipment Market Share. Europe is also a significant player in the Sorting Equipment Market. This is because of the presence of key manufacturers of the Sorting Equipment Market. The Asia Pacific market because of the large populations in countries such as China and India, along with their colossal agriculture and pharmaceutical market size, are key regions that are predicted to grow significantly during the forecast period. The objective of the report is to present a comprehensive analysis of the global Sorting Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Sorting Equipment Market dynamic, structure by analyzing the market segments and projecting the Sorting Equipment Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Sorting Equipment Market make the report investor’s guide.Sorting Equipment Market Scope: Inquire before buying
Global Sorting Equipment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.90 Bn. Forecast Period 2023 to 2029 CAGR: 5.50% Market Size in 2029: US $ 5.67 Bn. Segments Covered: by Product Type • Freefall Sorter • Channel Sorter • Automated Defect Remover • Belt Sorters • Optical Sorters by End-Use • Chemical Industry • Food Industry • Pharmaceutical Industry • Agriculture Industry • Packaging Industry Sorting Equipment Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Sorting Equipment Market Key Players
• TOMRA(Norway) • AWETA(Netherlands) • Raytec Vision SpA(Italy) • Duravant LLC (US) • Sesotec (China) • Buhler Group (Switzerland) • GREEFA (Netherlands) • CP Group (Thailand) • Optimum NV (Belgium) • CFT SPA (Italy) • Allgaier Werke (Germany) • BarcoVision (Belgium) • Cimbria Daewon GSE (China) • Concept Engineers (India) • Satake Corporation (Japan) Frequently Asked Questions: 1] What segments are covered in the Global Sorting Equipment Market report? Ans. The segments covered in the Sorting Equipment Market report are based on Product Type and End-Use. 2] Which region is expected to hold the highest share in the Global Sorting Equipment Market? Ans. The Asia Pacific region is expected to hold the highest share in the Sorting Equipment Market. 3] What is the market size of the Global Sorting Equipment Market by 2029? Ans. The market size of the Sorting Equipment Market by 2029 is expected to reach US$ 5.67 Bn. 4] What is the forecast period for the Global Sorting Equipment Market? Ans. The forecast period for the Sorting Equipment Market is 2023-2029. 5] What was the market size of the Global Sorting Equipment Market in 2022? Ans. The market size of the Sorting Equipment Market in 2022 was valued at US$ 3.90 Bn.
1. Global Sorting Equipment Market Size: Research Methodology 2. Global Sorting Equipment Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Sorting Equipment Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Sorting Equipment Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Sorting Equipment Market Size Segmentation 4.1. Global Sorting Equipment Market Size, by Product Type (2022-2029) • Freefall Sorter • Channel Sorter • Automated Defect Remover • Belt Sorters • Optical Sorters 4.2. Global Sorting Equipment Market Size, by End-Use (2022-2029) • Chemical Industry • Food Industry • Pharmaceutical Industry • Agriculture Industry • Packaging Industry 5. North America Sorting Equipment Market (2022-2029) 5.1. North America Sorting Equipment Market Size, by Product Type (2022-2029) • Freefall Sorter • Channel Sorter • Automated Defect Remover • Belt Sorters • Optical Sorters 5.2. North America Sorting Equipment Market Size, by End-Use (2022-2029) • Chemical Industry • Food Industry • Pharmaceutical Industry • Agriculture Industry • Packaging Industry 5.3. North America Sorting Equipment Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Sorting Equipment Market (2022-2029) 6.1. European Sorting Equipment Market, by Product Type (2022-2029) 6.2. European Sorting Equipment Market, by End-Use (2022-2029) 6.3. European Sorting Equipment Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Sorting Equipment Market (2022-2029) 7.1. Asia Pacific Sorting Equipment Market, by Product Type (2022-2029) 7.2. Asia Pacific Sorting Equipment Market, by End-Use (2022-2029) 7.3. Asia Pacific Sorting Equipment Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Sorting Equipment Market (2022-2029) 8.1. The Middle East and Africa Sorting Equipment Market, by Product Type (2022-2029) 8.2. The Middle East and Africa Sorting Equipment Market, by End-Use (2022-2029) 8.3. The Middle East and Africa Sorting Equipment Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Sorting Equipment Market (2022-2029) 9.1. Latin America Sorting Equipment Market, by Product Type (2022-2029) 9.2. Latin America Sorting Equipment Market, by End-Use (2022-2029) 9.3. Latin America Sorting Equipment Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. TOMRA(Norway) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. AWETA(Netherlands) 10.3. Raytec Vision SpA(Italy) 10.4. Duravant LLC (US) 10.5. Sesotec (China) 10.6. Buhler Group (Switzerland) 10.7. GREEFA (Netherlands) 10.8. CP Group (Thailand) 10.9. Optimum NV (Belgium) 10.10. CFT SPA (Italy) 10.11. Allgaier Werke (Germany) 10.12. BarcoVision (Belgium) 10.13. Cimbria Daewon GSE (China) 10.14. Concept Engineers (India) 10.15. Satake Corporation (Japan)