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Sorting Equipment Market

Sorting Equipment Market by Product Type, End Use & Region - Forecast 2022 - 2032

Market Insights on Sorting Equipment covering sales outlook, demand forecast & up-to-date key trends

Sorting Equipment Market Snapshot

The global sorting equipment market size totaled US$ 3.7 Bn in 2021 and is projected to create an incremental opportunity of US$ 7.5 Bn by the end of 2032. The demand for sorting equipment in the global market is estimated to surpass US$ 3.9 Bn by 2021, expanding at a CAGR of 5% to 6% during the forecast period 2022-2032.

Report Attribute

Details

Sorting Equipment Market Value (2021)

US$ 3.7 Billion

Sorting Equipment Market Estimated Value (2022)

US$ 3.9 Billion

Sorting Equipment Market Anticipated Value (2032)

US$ 7.5 Billion

Sorting Equipment Market Projected Growth Rate (2022-2032)

5% to 6% CAGR

Sorting equipments are industrial machineries used for separating goods and arranging them in a systematic way and grouping them together. These equipments are designed to make the sorting applications easier and segregate them on the basis of structural properties, color, weight, size, chemical composition, shape, and other parameters in an automated manner.

Attributed to this, sorting equipments are gaining immense popularity across industries such as food & beverage, chemical, plastics, and packaging industries among others.

What are Prominent Governing Factors Catapulting the Sorting Equipment Market Growth

Due to the growing prevalence of numerous diseases such as chronic disorders, infectious diseases, and others along with the breakout of novel diseases such as Covid-19, Ebola virus, and others, the pharmaceutical industry is experiencing immense growth. Also, several industry players across the globe are focusing on launching novel drugs and expanding production capacity to address the growing therapeutics drug demand.

For instance, in 2021, Glenmark Life Science, a leading manufacturer of drugs in India announced investing around US$ 78.7 million for doubling its drug production capacity over the next four years. As sorting equipments are extensively used for sorting tablets and capsules according to their size, weight, and shape to maintain the accuracy and quality in the production, such developments are anticipated to bolster the demand in the global market.

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Which are the Key Challenges Restraining the Growth in the Sorting Equipment Market

One of the leading factors responsible for hindering the demand for sorting equipments is the extravagant cost of these machinery. Moreover, the additional cost of number of extra parts, high cost of installation & maintenance, and less adoption rate of these equipments by small & medium-sized enterprises are further restraining the sales of sorting equipment in the global market.

Why is Asia Pacific Excluding Japan Emerging as a Highly Remunerative Sorting Equipment Market

Asia Pacific excluding Japan is projected to dominate the sorting equipment market between 2022 and 2032, reveals FMI.

Constantly increasing costs of labor are compelling several sectors to adopt innovative systems to perform critical and time-consuming tasks. This, in addition to growing trend of industrial 4.0 and increasing number of government initiatives for industrial process automation is further creating huge growth prospects for the sorting equipments market across Asia Pacific excluding Japan.

Also, increasing production and product management activities across rapidly expanding fast-moving consumer goods (FMCG) and food & beverage industries is rising the adoption of sorting equipments for declining operational times and increasing productivity. This is estimated to propel the demand for sorting equipment in the market.

Nikhil Kaitwade
Principal Consultant
LinkedIn
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Why are the Sales of Sorting Equipment Rising at a Rapid Pace in Eastern Europe

Eastern Europe is anticipated to account for a significant share in the global sorting equipment market during the forecast period 2022-2032.

The sorting equipment is substituting manual sorting processes across diverse industries, due to the shortage of labor, rising labor costs, and surging adoption of high-quality systems, thereby creating strong demand for these equipments. Hence, prominent players are focusing on introducing new products to cater to this surging demand.

For instance, in 2021, BoMill, a Swedish manufacturer of industrial equipment announced its plan of launching novel high-capacity sorting equipment with advanced near-infrared technology, capable of sorting up to 15 tons of grains per hour in 2022. A slew of such new product launches is expected to favor the growth in the Eastern Europe market.

Market Competition

Some of the leading players in the sorting equipment market are BarcoVision, Satake USA, TaiHo, MSS, Pellenc, Sesotec, Tomra, Greefa, Raytec Vision, Concept Engineers, Key Technology, Meyer, Aweta, B uhler Sortex, Daewon GSE, CP Manufacturing, MSS, Inc., BoMill, and others.

Key players are focusing on research and development (R&D) activities to introduce novel equipments for enhancing their product portfolio to gain edge in the highly competitive market.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 5% to 6% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units             

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • End Use
  • Region

Countries Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • BarcoVision
  • Satake USA,
  • TaiHo
  • MSS
  • Pellenc
  • Sesotec
  • Tomra
  • Greefa
  • Raytec Vision
  • Concept Engineers
  • Key Technology
  • Meyer
  • Aweta
  • B uhler Sortex
  • Daewon GSE
  • CP Manufacturing
  • MSS, Inc.
  • BoMill
  • Others

Customization

Available Upon Request

Key Segments Profiled in the Sorting Equipment Market Survey

By Product Type:

  • Freefall Sorter
  • Channel Sorter
  • Automated Defect Removal (ADR)
  • Belt Sorters
  • Optical Sorter

By End Use:

  • Chemical Industry
  • Food Industry
  • Pharmaceutical Industry
  • Plastic Industry
  • Wood Industry
  • Agriculture Industry
  • Packaging Industry
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of sorting equipment in the market is expected to rise at 5% to 6% value CAGR by 2032

The global sorting equipment market is expected to be dominated by Asia Pacific excluding Japan over the forecast period 2022-2032.

BarcoVision, Satake USA, TaiHo, MSS, Pellenc, Sesotec, Tomra, Greefa, Raytec Vision, Concept Engineers, Key Technology, Meyer, Aweta, B uhler Sortex, Daewon GSE, CP Manufacturing, MSS, Inc., BoMill, and others are some of the leading players in the prominent sorting equipment market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Sorting Equipment Market