A conveyor system is an equipment that is used for handling and transporting materials within industry premises. They are used in several industries. Market Research Future (MRFR) outlines various trends and opportunities for the global conveyor system market report between 2016 and 2022 (forecast period).
By monitoring the market structure, this report mensurates the future growth potential of the market. It chalks the strategies of key players in the market and aids the competitive developments like new product developments, mergers & acquisitions, joint ventures, and research & developments (R&D) in the market.
The largest market driver for the global conveyor system market is the growth of those industries that have been mentioned in the application segment in the market segmentation section of this press release. The conveyor system is heavily used in these industries. The second market driver is the need for automation to reduce manufacturing costs & wastage of resources. Other important market drivers are growing industrialization, burgeoning e-commerce, and rising adoption of conveyor systems.
Market Segmentation
The global conveyor system market segmentation covers application and type. The segmentation attempts to assess trends of the market to assist in charting the future course for the market.
According to the application-based segmentation, this market covers airport, automotive, food & beverages, retail, and others. At airports, the conveyor system is used to transport luggage. In the food & beverages, it is used by bottling companies.
Types of conveyor systems discussed in the market include belt conveyors, overhead, pallet, roller, and others.
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Regional Segmentation
The regional segmentation of the global conveyor system market covers Asia Pacific, Europe, North America, and Rest-of-the-World (RoW).
Asia Pacific region is the biggest market, followed by North America. It is also the fastest growing regional market due to the modernization of public infrastructure. Along with modernization, construction of new airports, distribution centers, and warehouses is also boosting the market growth in this region. China, India, and Japan are the three economies in this region.
North America is the second largest regional market due to technological advancements. The USA has the biggest piece of the market pie in this region. In North America, investment in the conveyor systems market is coming from various end-user industries. After the USA, Canada is the biggest economy that has the potential to be the most powerful market. Many important market players are based in the USA.
Europe can also rise as a huge regional market due to technological advancement and the presence of some key market players. In this region, worthy economies to become suitable markets are France, Germany, and the UK.
The RoW segment covers the countries of Latin America and the Middle East & Africa (MEA). In Latin America, Mexico and Brazil are two important economies with promises to emerge as robust markets. In the MEA region, the market is small due to the limited availability of technology.
Key Players
Major players in the global conveyor system market include Allied Conveyor Systems (USA), Caterpillar (USA), Daifuku (Japan), Dematic Group (USA), Dorner Conveyors (USA), Dynamic Conveyors (USA), Emerson Electric (USA), Fives Group (France), FMC Technologies (UK), Intelligrated (USA), Interroll (Switzerland), and Siemens AG (Germany).
Latest Industry News
- Japanese restaurant Kura Revolving Sushi Bar has launched with a large menu and rewards for a healthy appetite. Debuting at Chinatown’s Shanghai Plaza with conveyor belt, it has taken over a corner space, very close to Spring Mountain Road. 5 JUL 2019
- Thai customs have introduced new conveyor belt X-Ray Machines that can not only scan checked-in luggage but can also help officials to detect illegal items. 6 JUL 2019
- Jaguar Land Rover is planning steps to build a car conveyor bridge at its Solihull factory. The structure has been planned to be around 168 meters long. It can have a drop section at either end. 8 JUL 2019
- Metalloinvest is continuing the advanced construction of a major in pit crushing and conveying (IPCC) facility at its Mikhailovsky GOK iron ore operation. Active installation of the NKMZ crushing and conveyor facility is in progress. With its body is located 200 m underground, it can easily receive iron ore from heavy trucks and crush it to 150 mm pieces. After that, it can deliver the crushed or via an underground gallery to the NKMZ high angle conveyor. 19 JUNE 2019
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