Conveyor Systems Market - Global Industry Analysis

Conveyor Systems Market

Conveyor Systems Market Size, Share, Growth and Forecast 2030

Category: Heavy Industry Report Format : PDF Pages: 110 Report Code: ZMR-280 Published Date: Feb-2019 Status : Published
Market Size in 2019 Market Forecast in 2025 CAGR (in %) Base Year
USD 7.45 Billion USD 9.98 Billion 4.26% 2018

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Free Analysis

Conveyor systems involve the assembly of mechanical equipment that is utilized in a wide range of industries, such as manufacturing, automotive, food and beverage, retail, and transportation. Conveyors are mainly utilized to save time and reduce faults that occur while handling products or materials manually. The rising demand for delivering and handling materials of various industries has enhanced the popularity of conveyor systems. Currently, diverse industries are on the verge of adopting high standards of quality with the help of conveyor systems. Basically, conveyor systems are the most effective and preferred equipment utilized for material handling purposes across different sectors worldwide.

Various companies engaged in manufacturing are not only concentrating on improving their production efficiency but also making significant investments for cutting down production cost and material handling expenses. The well-being of the factory workers along with increased production efficiency is likely to drive the conveyor systems market globally in the future. Additionally, the need for handling customized equipment is anticipated to further fuel the conveyor systems market globally in the upcoming years. The ongoing developments coupled with the rise in the demand for automation across various industry verticals is also projected to enhance the market growth in the years ahead. Moreover, the increased production efficiency of various industry verticals has also led to an increase in the demand for assembling units. The need and urgency for the speedy flow of materials are anticipated to contribute notably toward the conveyor systems market in the upcoming years. However, the high installation costs of the conveyor systems may hamper the market in the future.

Global Conveyor Systems Market

Based on the type, the conveyor systems market is segmented into the roller, belt, overhead, pallet, and others. On the basis of application, the conveyor systems market is segmented into automotive, airport, retail, and others.

By region, Europe held a significant revenue share of the global conveyor systems market in 2018 and is expected to dominate in the upcoming years. This can be attributed to the growing acceptance of conveyor systems in the retail sector, especially in UK, Russia, etc., and the rising demand for new and advanced conveyor designs that occupy nominal space in the warehouse or manufacturing plant. North America is expected to provide significant growth opportunities for the global conveyor systems market in the years ahead, owing to the presence of mining and manufacturing plants in Ohio, Montana, Arizona, and Utah and the need for conveyor systems in the mining and manufacturing facilities to transport raw materials over long distances.

Some key players operating in the global conveyor systems market are Swisslog Holding AG, Taikisha Ltd., Emerson Electric Co., Interroll Holding Ltd., Dematic Group S.R.L., SSI Schaefer AG, TGW Logistics Group GmbH, Vanderlande Industries, Siemens AG, and Daifuku Co., Ltd., among others.

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