According to the global Conveyor System market is expected to grow from $5.32 billion in 2016 to reach $10.59 billion by 2023 with a CAGR of 10.3%. Conveyor systems are mechanically-operated handling equipment used to transport materials within premises with a high degree of safety. This market is expected to experience significant growth over the forecast period due to rising need of cost-effective material handling systems, growing automation in industrial sector, improving technological advancements and growth in motor vehicle manufacturing due to assembly line methodology and mass production. However, high initial investments, maintenance and safety concerns are some of the restraints reflecting the market strength.
Depending on end user, airport segment is expected to acquire a significant share in the market due to increasing airports, growing terminal expansions and growth in passenger traffic. By geography, Asia Pacific region commanded a largest market share over the forecast period attributed to declining product loss, condensed human effort, increasing efficiency and enhancing socio-economic conditions in emerging economies such as China and India.
Some of the key players in global Conveyor System market include Siemens AG, Interroll Holding GmbH, Intelligrated, Fives Group, Emerson Electric Co., Dematic, Vanderlande Industries B.V., TGW Logistics Group, Taikisha Ltd., Swisslog, SSI Schäfer, Daifuku Co. Ltd., Dorner Conveyors and Allied Conveyor Systems.
End Users Covered:
Retail
o Cross-Docking
o Distribution and Warehousing
o Sorting
Airport
o Baggage Handling
o Others
Food and beverages
o Dairy
o Meat & Poultry
o Others
Automotive
o Paint shop
o Body shop
o Assembly line
o Others
Mail logistics
Conveyors Covered:
Tri-Planar
Pallet Conveyors
Roller Conveyors
Crescent Conveyors
Overhead Conveyors
Belt Conveyors
Floor Conveyors
Other Conveyors
Products Covered:
Unit Handling Systems
Bulk handling systems
Conveyor Components
Material Conveyer Type:
Plastic
Metal Reinforced Rubber
Fabric Reinforced Rubber
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 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
– Market share analysis of the top industry players
– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
– 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
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