Conveyor systems, a mechanical handling equipment, has gained significant demand from industrial sector in recent past for process automation. Its ability to carry heavy material finds usage in several industries such as retail, food & beverage and automotive. Moreover, conveyer systems are customized according to the industry needs.
Major types of such systems include belt, roller, pallet and overhead. Global conveyor systems market has garnered a value of $5,665 million in 2015 and is expected to constitute a revenue of $7,573 million by 2022, growing at a CAGR of 4.3% during the forecast period (2016-2022).
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The need to curb manufacturing costs and reduce waste have led to the adoption of conveyor systems by various industries. The industry players focus on lean manufacturing technique to optimize production process to remain competitive in the market. Emerging markets such as China, India, and Brazil are potential markets. However, high cost of installation could restrain the market growth.
Some of the key players of Conveyor Systems Market:
Daifuku Co., Ltd.,Dematic Group S. r.l.,Emerson Electric Co.,Interroll Holding Ltd.,Siemens AG,Swisslog Holding AG,SSI Schfer AG,Taikisha Ltd.,Vanderlande Industries,TGW Logistics Group Gmbh
Growing industrialization across the world have been driving the automation trends in retail, automotive and food & beverage industries. Growth in e-commerce sector has forced the retail industry players to deploy conveyor systems to improve the service levels. Food & beverage industry is one of the major users of conveyor systems to automate the food processing and preparation tasks.
Belt conveyor finds multiple applications in food & beverage industry as it’s easy to install and carry variety of materials. Automotive industry uses different types of conveyor systems to convey equipment and motor vehicle. For instance, the industry use pallet conveyor systems in shipment area while belt conveyor systems in manufacturing area.
Modernization of existing manufacturing facilities as well as expansions has triggered the demand of conveyor systems. Airport authorities across the world are investing significantly to improvise the baggage handling process at check-in to collection areas. This has increased the demand of belt and tri-planer conveyor systems. Moreover, the expansion of manufacturing in low labor cost countries facilitated the market growth.
Conveyor systems market is segmented based on type, industry vertical and geography. Conveyor systems market is segmented into belt, roller, pallet, overhead, and other conveyor types. Belts and rollers are most economical and popular conveyor types. Overhead conveyor finds application in automotive sector to move the components across the floor.
The Global Conveyor Systems Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Conveyor Systems market based on product and application. It also provides market size and forecast till 2022 for overall Conveyor Systems market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments.
Fundamentals of Table of Content:
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered
2 Global Growth Trends
2.1 Conveyor Systems Market Size
2.2 Conveyor Systems Growth Trends by Regions
2.3 Industry Trends
3 Market Share by Key Players
3.1 Conveyor Systems Market Size by Manufacturers
3.2 Conveyor Systems Key Players Head office and Area Served
3.3 Key Players Conveyor Systems Product/Solution/Service
3.4 Date of Enter into Conveyor Systems Market
3.5 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Product
4.1 Global Conveyor Systems Sales by Product
4.2 Global Conveyor Systems Revenue by Product
4.3 Conveyor Systems Price by Product
5 Breakdown Data by End User
5.2 Global Conveyor Systems Breakdown Data by End User
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