The Conveyor Systems Market is expected to grow at a CAGR of 5.6% during the forecast period. Conveyor systems are used in a variety of industries for handling materials and products. The market has been witnessing growth owing to the increasing demand from the automotive, food and beverage, and e-commerce sectors. Conveyor systems are also being increasingly used in warehouses for handling goods. Asia Pacific is expected to be the fastest-growing region in the Conveyor Systems Market during the forecast period.
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Conveyors are mechanical equipment which find application in several industries including automotive, manufacturing, retail, food and beverage, and transportation. Conveyors are used in order to reduce errors that occur while manually handling materials and to save time. Owing to constant changes in industrial demands in terms of expected efficiency and product characteristics multiple conveyor systems have been developed.
Major conveyor types include belt, roller, overhead conveyors, tri-planar, crescent conveyor, pallet and sorter conveyor and spiral conveyors, among others. Newer types of conveyor products being offered in the conveyor systems market have helped in simplifying and improving operations across different industries.
An increasing trend in the market is toward the use of companies offering a combination of basic conveyor types that are assembled into a single conveyor system. This is offered as a kind of customized solution depending upon the needs of the customer. Today, different industries are adopting quality standards supporting the use of conveyors.
key Players-
Key players in this market include Daifuku Co., Ltd., Taikisha Ltd., Emerson Electric Co., Dematic Group, Fives Group, Interroll Holding AG, Intelligrated, Inc., SSI Schaefer, Swisslog AG, Siemens AG, TGW Logistics Group Gmbh, and Vanderlande Industries, among others.
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The Conveyor Systems Market is segmented on the basis of type, conveyance type, industry, and region.
On the basis of type, the market is divided into belt conveyors, roller conveyors, chain conveyors, slat conveyors, magnetic conveyors, air conveyors, and others (including screw conveyors and vibratory feeders). Belt conveyors held a major share of the Conveyor Systems Market in 2016 owing to their wide usage in various industries.
On the basis of conveyance type, belt conveying dominated the market in 2016. This can be attributed to its high efficiency and low operating cost as compared to other types of conveying systems.
Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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Key Questions Answered in the Conveyor Systems Market Report –
How is the Conveyor Systems Market expected to grow over the projected period?
What direction is the Conveyor Systems Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Conveyor Systems Market in future?
What are the key market drivers in the Conveyor Systems Market?
What are significant opportunities and improvement areas for Conveyor Systems Market manufacturers?
What are the key developments and trends taking over the Conveyor Systems Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Conveyor Systems Market?
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