The report "Conveyor System Market by Industry (Retail, Food & Beverage – Meat, Poultry & Dairy, Automotive, and Airport), Type (Overhead, Floor, Roller, Pallet, Crescent, Belt), Belt Type (Light, Medium, and Heavy Weight Belt), & Region - Global Forecast to 2021", The conveyor system market is projected to grow at a CAGR of 9.04%, to reach a market size of USD 8.87 Billion by 2021. The market is primarily driven by the rising necessity to handle larger volumes of materials leading to an increasing requirement for efficiency. Browse 94 market data tables and 78 figures spread through 186 pages and in-depth TOC on Conveyor System Market by Industry Objectives of the Conveyor System Market Study:
To define, describe, and project the conveyor system market on the basis of conveyor type, belt type, industry and region
To analyze and forecast the market size, in terms of volume (meters) and value (USD million), of the conveyor system market
To identify the market dynamics and analyze their impact on the conveyor system market
To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other industry activities carried out by key industry participants
Target Audience of Conveyor System Market
Manufacturers of the conveyor systems
Raw-material manufacturers of conveyor systems / components (suppliers for tier I)
Manufacturers of conveyor components
Traders, distributors, and suppliers of conveyor systems or components or raw materials
Regional manufacturer and conveyor associations
Retail, automotive, food and beverage, and airport segments as end-use industries
Government’s national and regional environmental regulatory agencies or organizations
Early buyers will receive 10% customization on reports. “Airports to be the fastest growing segment in the conveyor system market, by industry” The airport segment is projected to grow at the highest CAGR during the forecast period. The demand for conveyor systems in the airport industry is influenced by the increase in the number of terminal expansions, growing number of airports, rise in passenger traffic, and increasing necessity of efficient baggage transportation. People now prefer travelling by air to save time, thus, increasing passenger traffic at airports. Asia-Oceania is expected to be the largest market for conveyor system application in airports due to the increased passenger traffic in countries such as China, and India.
“Belt conveyors would be the largest segment of the market for conveyor systems used in the retail industry” The belt conveyor type is expected to dominate the retail industry conveyor system market. Belt conveyors are made of one or more layers of material and run in an endless loop. They are easy to maintain and are suitable for linear running. Power belt conveyor types are being used in certain
retail industries as they help to increase productivity, easily integrate with the company’s existing automation system and work efficiently.
“Asia-Oceania to grow at the highest CAGR during the forecast period” Asia-Oceania is estimated to dominate the conveyor system market, and is projected to grow at the highest CAGR during the forecast period. The growth in Asia-Oceania is attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. Factors such as reduced human effort, increased efficiency, and decreased product loss, are driving the demand for conveyor systems. For countries like India and Japan, the consumption pattern of the people is changing. The rising middle class population has meant that the needs for conveyor systems are increasing in order to cater to these consumers. The conveyor system market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Siemens AG (Germany), Emerson Electric Co. (U.S.), Daifuku Co. Ltd. (Japan), Vanderlande Industries B.V. (The Netherlands). Speak to our analyst for a discussion on the above findings, click Speak to Analyst
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