Flexible Transport System Market
Flexible Transport System Market Forecasts to 2030 - Global Analysis By Type (Straight Line, Circular Line and Heavy Duty Line), Application (Consumer Goods, Industrial, Electronic and Other Applications)and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023 - 2030) |
16% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Flexible Transport System Market is growing at a CAGR of 16% during the forecast period. A flexible transport system refers to a highly adaptable and automated transportation and material handling system that uses various technologies, such as autonomous vehicles, conveyors, robotics, and software, to move goods, materials, or products within a facility or between different points in a production or logistics environment. FTS is designed to provide efficient and flexible solutions for the transportation of items in a controlled and often programmable manner.
Market Dynamics:
Driver:
Safety and reliability
Integrating FTS is essential to ensuring worker and equipment safety in the current highly automated and networked industrial environment. Safety assurance is essential for preventing injuries and accidents. These systems are equipped with advanced sensors, collision avoidance mechanisms, and stringent safety protocols, making them dependable for both people and equipment. Furthermore, since industries depend on FTS to complete essential material handling and transportation tasks, reliability is equally important. The integrity of supply chains and production processes depends on the predictability and accuracy of FTS operations. These elements are propelling market demand.
Restraint:
Infrastructure challenges
Infrastructure challenges are a significant restraint in the flexible transport system market, hampering growth. Building new infrastructure or retrofitting existing ones often faces resistance from local communities and regulatory hurdles. The high cost of infrastructure development can be a major barrier, limiting the widespread adoption of flexible transport systems. However, the planning and construction of infrastructure can be time-consuming, leading to delays in the deployment of these systems.
Opportunity:
Micro-mobility solutions
The growing popularity of electric scooters, bicycles, and other micro-mobility vehicles presents a chance for businesses to offer short-distance, environmentally friendly, and convenient transportation in cities. They also provide a practical and environmentally friendly form of transportation, lessening the need for conventional gasoline-powered cars and easing traffic congestion. Micro-mobility solutions are especially well-suited for last-mile connectivity, giving commuters an effective means of getting from public transportation hubs to their destinations. These factors are enhancing market growth.
Threat:
Technological challenges
Technological challenges are a significant barrier in the Flexible Transport System (FTS) market due to its heavy reliance on digital platforms and innovative solutions. The continuous need for software updates and maintenance can lead to service disruptions, negatively affecting the user experience and trust. Additionally, cyber security threats pose a constant risk, with the potential for data breaches or hacking incidents that can compromise user information and damage the reputation of FTS providers. These factors are hindering market expansion.
Covid-19 Impact
The COVID-19 pandemic has had a significant impact on the Flexible Transport System (FTS) market. The pandemic disrupted global supply chains, leading to fluctuations in demand for FTS solutions. Production and distribution delays faced by manufacturers hindered the deployment of FTS systems. The economic uncertainty caused by the pandemic caused many businesses to postpone or reduce their capital investments, which had an impact on the uptake of FTS technology.
The circular line segment is expected to be the largest during the forecast period
The circular line segment is estimated to hold the largest share. A circular line type is a key concept in the Flexible Transport System representing a unique approach to urban and suburban transportation. In this system, automobiles or other forms of transportation often autonomously move in a circle or loop inside a predetermined area. Passengers can move continuously in a circle within a designated zone on circular lines, which connect them to different points along the loop. In urban areas, circular lines are intended to solve the problem of last-mile connectivity by providing flexibility and convenience.
The industrial segment is expected to have the highest CAGR during the forecast period
The industrial segment is anticipated to have lucrative growth during the forecast period. Numerous industrial applications of the flexible transport system have revolutionized the movement and management of goods across a range of industries. Flexible transport systems are advantageous for manufacturing industries as they enable the use of mobile robots and autonomous guided vehicles (AGVs). These systems streamline production processes and lower the risk of mistakes and accidents by making it easier to move raw materials, work-in-progress items, and finished products within factories.
Region with largest share:
North America commanded the largest market share during the extrapolated period. Due to their widespread appeal, ride-sharing services such as Uber and Lyft are displacing traditional taxi services and entering suburban and rural areas. Additionally, the nation has seen a boom in micro-mobility options, especially in urban areas, such as electric bicycles and scooters. Additionally, hubs for the development and testing of autonomous vehicles are actively influencing the direction of transportation in the future.
Region with highest CAGR:
Europe is expected to witness profitable growth over the projection period, due to its robust manufacturing base, dedication to technology development, and integration of FTS solutions with different industries. Europe's e-commerce market is expanding quickly, which has raised demand for effective logistics and warehousing solutions. In this industry, FTS plays a critical role in streamlining order fulfilment and improving the accuracy and speed of product delivery. The automotive industry is centered in Europe, where FTS systems are frequently utilized to automate assembly and material handling procedures.
Key players in the market
Some of the key players in the Flexible Transport System Market include Rockwell Automation, Inc, Bosch Rexroth, ABB, Beckhoff Automation, ZIMMER Group, Festo and Zongwei Technology.
Key Developments:
In May 2023, Rockwell Automation, Inc. the world’s largest company dedicated to industrial automation and digital transformation, and autonox Robotics announced a strategic partnership that enables companies in North America, Europe, Middle East and Africa to achieve new manufacturing possibilities through unified robot control solutions.
In October 2022, ABB enters strategic partnership with scalable robotics to enhance its portfolio of user-friendly robotic welding systems. Through 3D vision and embedded process understanding, the Scalable Robotics technology enables users to easily program welding robots without the need for coding.
Types Covered:
• Straight Line
• Circular Line
• Heavy Duty Line
Applications Covered:
• Consumer Goods
• Industrial
• Electronic
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Flexible Transport System Market, By Type
5.1 Introduction
5.2 Straight Line
5.3 Circular Line
5.4 Heavy Duty Line
6 Global Flexible Transport System Market, By Application
6.1 Introduction
6.2 Consumer Goods
6.3 Industrial
6.4 Electronic
6.5 Other Applications
7 Global Flexible Transport System Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Rockwell Automation, Inc
9.2 Bosch Rexroth
9.3 ABB
9.4 Beckhoff Automation
9.5 ZIMMER Group
9.6 Festo
9.7 Zongwei Technology
List of Tables
1 Global Flexible Transport System Market Outlook, By Region (2021-2030) ($MN)
2 Global Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
3 Global Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
4 Global Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
5 Global Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
6 Global Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
7 Global Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
8 Global Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
9 Global Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
10 Global Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
11 North America Flexible Transport System Market Outlook, By Country (2021-2030) ($MN)
12 North America Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
13 North America Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
14 North America Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
15 North America Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
16 North America Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
17 North America Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
18 North America Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
19 North America Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
20 North America Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
21 Europe Flexible Transport System Market Outlook, By Country (2021-2030) ($MN)
22 Europe Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
23 Europe Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
24 Europe Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
25 Europe Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
26 Europe Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
27 Europe Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
28 Europe Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
29 Europe Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
30 Europe Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
31 Asia Pacific Flexible Transport System Market Outlook, By Country (2021-2030) ($MN)
32 Asia Pacific Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
33 Asia Pacific Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
34 Asia Pacific Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
35 Asia Pacific Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
36 Asia Pacific Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
37 Asia Pacific Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
38 Asia Pacific Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
39 Asia Pacific Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
40 Asia Pacific Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
41 South America Flexible Transport System Market Outlook, By Country (2021-2030) ($MN)
42 South America Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
43 South America Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
44 South America Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
45 South America Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
46 South America Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
47 South America Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
48 South America Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
49 South America Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
50 South America Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
51 Middle East & Africa Flexible Transport System Market Outlook, By Country (2021-2030) ($MN)
52 Middle East & Africa Flexible Transport System Market Outlook, By Type (2021-2030) ($MN)
53 Middle East & Africa Flexible Transport System Market Outlook, By Straight Line (2021-2030) ($MN)
54 Middle East & Africa Flexible Transport System Market Outlook, By Circular Line (2021-2030) ($MN)
55 Middle East & Africa Flexible Transport System Market Outlook, By Heavy Duty Line (2021-2030) ($MN)
56 Middle East & Africa Flexible Transport System Market Outlook, By Application (2021-2030) ($MN)
57 Middle East & Africa Flexible Transport System Market Outlook, By Consumer Goods (2021-2030) ($MN)
58 Middle East & Africa Flexible Transport System Market Outlook, By Industrial (2021-2030) ($MN)
59 Middle East & Africa Flexible Transport System Market Outlook, By Electronic (2021-2030) ($MN)
60 Middle East & Africa Flexible Transport System Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
