What is Chain Conveyors Market?
In any industry transportation of various materials or finished products from one place to another is an important, but not an easy task. The industries are switching to efficient chain conveyors that allow them to move materials and products with ease. A chain conveyor is a type of conveyor system made up of one or more continuous loops of chain strands for moving material through production lines. It is mainly suitable for many items that wouldn’t typically convey on a roller conveyor such as pallets, racks, industrial containers and any products with a sturdy lower surface. It is used in numerous industrial and commercial environments including warehouses, automotive plants and distribution centers. In the automotive industry chain, conveyor systems are commonly used to convey car parts through paint plants. It also has various applications in white and brown goods, metal finishing and distribution industries.
The market study is being classified by Type (Horizontal or Inclined type Belt Conveyor, Slat Conveyor, Ladler Roller Conveyors, Driven Roller Conveyors, Gravity Conveyors and Others), by Application (Automotive, Food & Beverage, Agriculture, Building and Construction, Electrical & Electronic Equipment, Industrial Machinery, Shipping Industry and Others) and major geographies with country level break-up.
Continental AG (Germany), Daifuku Co., Ltd. (Japan), Emerson Electric Co. (United States), Fives Group (France), Siemens AG (Germany), LEWCO Inc. (United States), MK Tech Group, Inc. (United States), FlexLink (Sweden), Dorner Mfg. Corp. (United States) and Tsubakimoto Chain (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Beumer Group (Germany), Columbus McKinnon Corp. (United States) and Dürr AG (Germany).
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Chain Conveyors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Chain Conveyors market by Type, Application and Region.
On the basis of geography, the market of Chain Conveyors 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Ease of Installation and Low Maintenance Cost
- Increased Need of Automation to Reduce Manufacturing Cost
- High Demand from Automobile Sector
Market Trend
- Demand for Environment-Friendly and Cost-Effective Conveyor Systems
Restraints
- High Initial Installation Cost for Chain Conveyor
- Increasing Use of Robotics in the Industry
Opportunities
- Growing Automation in the Manufacturing Industries
- Growth in the Automobile Industry Worldwide
Challenges
- Special Safety Considerations Need To Be Addresses as the Chain Can Be Dangerous
- Shortage of Skilled Operators
Market Leaders and some 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.
Key Target Audience
Chain Conveyor Manufacturers, Raw Material Suppliers/ Buyers, Product Suppliers/ Buyers, Research Institutes, Distributors, Government Body & Associations and End-user