Global Conveyor System Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
“Global Conveyor System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global conveyor system market report has been segmented on the basis of conveyor type, end-use industry, and region.
Global Conveyor System Market: Overview
Conveyor system is a set of mechanical equipments used to move the materials from one place to another. Conveyors are used for various applications such as mining, automotive, agricultural, electronic, food processing, aerospace, pharmaceutical, chemical, bottling and canning, print finishing, and packaging in order to safely transport the material without any damage.
Global Conveyor System Market: Dynamics
Increasing demand for conveyor system from automotive, electronics, and warehouse & distribution industry owing to its property to safe and easy transport of the material and less time consumption, is a major factor expected to drive growth of the global conveyor system market over the forecast period. In addition, rising demand for the system in airports and food processing is another factor expected to fuel growth of the target market in the next coming years. Moreover, increasing adoption of bucket conveyor system in mining industry for transportation of heavy materials, is among some factors anticipated to propel growth of the potential market over the long run.
However, high initial investments and increasing use of automated vehicles and robots are among the factors which may hamper demand for conveyor system and restrain growth of the target market over the forecast period.
Increasing digitization in handling of materials in industries coupled with rapid industrialization in developing countries is expected to create a lucrative opportunity for growth of the potential market over the forecast period.
Global Conveyor System Market: Segment Analysis
On the basis of conveyor type, the belt conveyor segment is expected to account for highest revenue share in the target market during the forecast period. Among end-use industry, the warehouse & distribution segment is expected to register significant revenue growth in the target market over the forecast period.
Global Conveyor System Market: Regional Analysis
The conveyor system market in the Asia Pacific holds major share in terms of revenue in the target market and is projected to witness fastest growth rate over the forecast period. Increasing demand for conveyor system in various end-use industries coupled with emerging economies and increasing infrastructural development in countries such as China, Thailand, and India, are some factors anticipated to fuel growth of the Asia Pacific conveyor system market over the forecast period. In addition, rapid industrialization which in turn increase demand for conveyor system in countries such as China and India are expected to hold significant share in terms of revenue in the target market during the forecast period. North America is expected to register for significant growth rate in the target market in the next coming years, owing to rising demand for conveyor in automotive and warehouse & distribution sector which in turn support revenue growth of conveyor system in the region. The Europe conveyor system market is anticipated to grow at significant rate in the target market over the forecast period.
Global Conveyor System Market Segmentation:
Segmentation on the Basis of Conveyor Type:
- Others (Crescent, Cable, Bucket, and Floor)
Segmentation on the Basis of End-use Industry:
- Warehouse & Distribution
- Food & Beverage – Meat, Poultry & Dairy
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Emerson Electric Co.
- Siemens AG
- Continental Conveyor & Equipment Company
- Daifuku Co., Ltd.
- Fives Société Anonyme
- Taikisha Ltd.
- Honeywell Intelligrated
- Dematic Corp.
- SSI SCHAEFER LLC
- Bastian Solutions, Inc.
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