1. The development of e-commerce promotes the development and improvement of the logistics sorting equipment market

From 2010 to 2021, China's e-commerce transaction volume increased from 4.6 trillion yuan to 34.8 trillion yuan, with a compound annual growth rate of 25%. E-commerce transactions in China reached 34.8 trillion yuan in 2020, up 7% and % from 2019. The blowout development of e-commerce results in the new characteristics of small batch, multi-batch and high frequency of orders and logistics services, which puts forward high requirements for the operation efficiency, accuracy, stability, online rate and processing capacity of logistics equipment used in large warehouse distribution centers, and promotes the rapid development of the logistics sorting equipment industry.

With the rapid development of e-commerce and express logistics, the logistics automatic sorting system has ushered in a high-speed increase. At the same time, the sorting equipment has gradually penetrated into the traditional business field. According to the data of Great Wall Securities, the market size of Logistics sorting equipment in China increased year by year from 2014 to 2020, with a compound annual growth rate of 34%. In 2020, the market size of China's logistics sorting equipment industry reached 16.6 billion yuan, an increase of 27% over 2018.

2. China's logistics automated sorting equipment manufacturing enterprises saw steady growth in revenue

From the logistics automation sorting equipment manufacturing industry,the date from 2017 to 2019,all the company's operating income increased year by year.

3. Analysis of the development trend of China's logistics automated sorting equipment industry

At present, the domestic logistics automatic sorting equipment industry is in the stage of rapid development. With the promotion of industry development policies, the growth of application demand and the continuous breakthrough of related technologies, China's logistics sorting equipment industry is developing to the direction of standardization, high-tech and industrialization.