The global sorting machine market size was US$ 3.1 million in 2021. The global sorting machine market is forecast to grow to US$ 5.2 million by 2030 by registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
COVID-19 Impact Analysis
The wake of the COVID-19 pandemic halted all industrial activities. As a result, it impeded the growth of the sorting machine market. Apart from that, other factors like stringent government regulations, supply chain disruptions, and limited corporate spending have been considerable challenges for the market.
On the contrary, the wake of the COVID-19 pandemic has upsurged the demand for automation and minimal human interaction in these sectors. As a result, the global sorting machine market may witness considerable growth in the coming years.
Regional Analysis
North America is forecast to dominate the sorting machine market in terms of revenue. It is owing to the growing contribution of industries in the U.S. and Canada. Various end-use industries of sorting machines, such as retail, food and beverage, mining, etc., are focusing on automation. Thus, it will bring out various growth opportunities for the sorting machine market. Furthermore, the rising demand for high-quality food products is projected to benefit the market.
The Asia-Pacific sorting machine market is forecast to exhibit the highest CAGR, owing to expanding industrialization and tremendously growing mining, food & beverage, and pharmaceutical sector. Furthermore, the rising demand for expanding production capacity will also offer ample growth opportunities for the sorting machine market.
Competitors in the Market
Market Segmentation
The global sorting machine market segmentation focuses on Product, End-User, and Region.
By Product
By End-User
By Region