Conveyor System - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Conveyor System Market is accounted for $8.46 billion in 2019 and is expected to reach $14.44 billion by 2027 growing at a CAGR of 6.9% during the forecast period. Higher adoption of automation processes in various end-use industries to enhance operational efficiency, increasing warehouse automation and rising electronic manufacturing activities are the factors boosting the market. However, high initial investments and increasing usage of automated guided vehicles and robotics may hinder the growth of the market.
A conveyor system is a fast and efficient mechanical handling apparatus for automatically transporting loads and materials within an area. Conveyor System is one of the most used & preferred equipment all over the world and it can be used in wide range of applications. It is used to handle and transport materials within industry premises and used in several industries including automotive, manufacturing, retail, food and beverage, and transportation conveyors system refers to many products such as belt conveyors, roller, and pallet among others. The use of conveyors system ensures handling a larger volume of goods & efficiency.
Based on component, aluminum profile (conveyor belt support) segment held significant market share during the forecast period due to the profile works as a firm support for the belt to ensure that it does not sag when the weight of an item is placed on the belt. Aluminum profile conveyor supports are essential for the efficient operation of a conveyor system as these ensure proper unloading and loading of material. By geography, Europe is expected to grow at a faster rate due to the region have invested in research & development for innovating improved technologies to stay competitive in the market. UK and the Germany are at the front of industrial research and engineering. Extensive research and development infrastructure, a highly qualified workforce, and complete industry value chain integration create an environment that enables companies develop cutting-edge technologies.
Some of the key players in Conveyor System market include Daifuku Co., Ltd, Dematic Group S.a.r.l, Eisenmann SE , Emerson Electric Co , Honeywell International Inc , Interroll Holding Ltd, Kardex AG, Mesto Corporation, Murata Machinery Ltd, Siemens AG , SSI Schäfer AG, Swisslog Holding AG, Taikisha Ltd, TGW Logistics Group Gmbh, Vanderlande Industries Holding B.V.
• Crescent Conveyor
• Flat Belt Conveyor
• Overhead Conveyor
• Pallet Conveyor
• Powdered Roller Conveyor
• Skid Conveyor
• Trailer Conveyor
• Tri-Planar Conveyor
• Wheel Conveyor
• Other Types
Belt Types Covered:
• Aluminum profile (Conveyor Belt Support)
• Driving unit
• Extremity unit
• Bulk Load
• Unit Load
• Automotive & Transportation
• Consumer Electronics Industry
• Engineering Machinery
• Metal & Mining
• Supply Chain
• Textile & Paper
End Users Covered:
• E-Commerce and 3PL (3rd Party Logistics)
• Food & Beverage Industry
• Healthcare Provider
• Retail Industry
• Pharmaceutical & Biotechnology Company
• Warehouse & Distribution
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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