About Conveyor Systems
Conveyor system, a mechanical handling devices that transport material with minimal effort. It is also known as parcel conveyors and facilitate materials handling in a facility without the use of manual labor. The tremendous growth of e-commerce and airport industry, and rise in passenger traffic and increasing necessity for efficient transportation of baggage is fuelling the demand of conveyor systems across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 4.41% |
Analyst at AMA Research estimates that United States, German and Japanese Manufacturers will contribute the maximum growth to Global Conveyor Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Daifuku Co. Ltd. (Japan), Ssi Schaefer (Germany), Dematic Group (United States), Bosch Rexroth (Germany), Caterpillar (United States), Murata Machinery Ltd. (Japan), Vanderlande (The Netherlands), Mahindra Tsubaki Conveyor Systems (India), Fives Group (France), Taikisha Ltd. (Japan), Shuttleworth (United States), Siemens (Germany), BEUMER Group (Germany), EISENMANN SE (Germany) and Emerson (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Flexlink (Sweden), Interroll (Switzerland), Dorner Conveyors (United States), Swisslog Holding AG (Switzerland), Hytrol (United States) and Buhler Group (Switzerland).
Segmentation Overview
AMA Research has segmented the market of Global Conveyor Systems market by Type (Roller Conveyors, Belt Conveyors, Overhead Conveyors, Pallet Conveyors and Other Conveyors), Application (Automotive, Food & Beverages, Engineering Machinery, Retail and Others) and Region.
On the basis of geography, the market of Conveyor Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Distribution Channel will boost the Conveyor Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Passenger Handling Capacities of Airports & Freight Worldwide and Increasing E-Commerce Trend to Fuel the Demand for Conveyor Systems in the Industry
Market Growth Drivers:
Rising Demand for Handling Larger Volumes of Goods and Improving Productivity, Growing Vehicle Production to Increase the Demand for Conveyor Systems, Growing Mining Activities Around the Globe and Increased Demand for Processed Food to Boost the Demand for Food & Beverage Industry
Challenges:
Dearth of Skilled Workforce for Repair and Maintenance, Reducing Chances of Contamination in Food Items and Ensuring Safety and Reducing Accidents
Restraints:
High Initial Investments, Concerns Over Environmental Impact of Mining Activities and Increasing Usage of Automated Guided Vehicles & Robotics
Opportunities:
Growing Digitization in Material Handling Industry, Advanced Conveyor Systems Like Boom Conveyor and Heat/Fire Resistant Conveyor and Growing Manufacturing Industry in Developing Countries
Market Leaders and their expansionary development strategies
In April 2019, Daifuku Co., Ltd. announced that it has completed its acquisition of India-based Vega Conveyors & Automation Private Limited. Vega is involved in the consulting, design, manufacture, installation and after-sales service of conveyors and other material handling equipment within its domestic Indian market.
In July 2018, Dematic introduced a new advancement in product distribution with the Dematic Roller Non-Contact Accumulation (RNCA) platform. The platform provides a variety of options for product takeoff from sortation systems horizontal, decline, powered, and gravity variants offer compact and controlled simulation.
Key Target Audience
Conveyor Systems Manufacturers, Raw Material Supplier, Software Providers, Government and Private Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.