Conveyor System Market 2020 is Expected to Reach USD 10.43 billion by 2027 with a CAGR of 4.25% | Global Players Like- WESTFALIA TECHNOLOGIES INC., Schaefer Systems International Inc

Market Insights
Global Conveyor System Market is expected to rise from its initial estimated value of USD 7.48 billion in 2018 to a projected value of USD 10.43 billion by 2026, registering a CAGR of 4.25% in the forecast period of 2019-2026. This rise in market value can be attributed to the enhanced benefits such as increased efficiency and safety with the usage of conveyor systems.
Conveyor system is a type of automated machine handling operation that involves transportation of equipment, materials, product from one position to another. They are majorly utilized in transferring and transportation of heavy-weighted items, as they can perform this task with ease and high effectiveness. It is also used in production lines, as well as in sorting procedures in a number of warehouses, manufacturing facilities and factories.

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Key Developments in the Market:
• In June 2018, Dematic announced the introduction of “Dematic Roller Non-Contact Accumulation (RNCA)” platform. This platform is equipped with the capability of providing varying pickup and take-off options from the sortation systems.
• In November 2016, Honeywell Intelligrated announced that they had expanded their sortation solutions by introducing “USS vertical conveyor and sortation”, “tote stacking and destacking”, “buffering” and “sweeper” sorter systems.

Major Market Players Covered in The Conveyor System Market Are:
Few of the major competitors currently working in the conveyor system market are WESTFALIA TECHNOLOGIES INC., Schaefer Systems International Inc., Emerson Electric Co., Dematic, Continental AG, Bastian Solutions Inc., Somi Conveyor Beltings Ltd., TGW Logistics Group, Fives, Siemens, Honeywell Intelligrated, Vanderlande Industries B.V., Invata Intralogisitcs, Taikisha Ltd., Daifuku Co. Ltd., Swisslog Holding Ltd., Conveyor Systems Ltd, PHOENIX CBS GmbH and Khare Agromech Industries Pvt.Ltd.

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Global Conveyor System Market Scope and Segments
• By Conveyor Type
o TRI Planar
o Roller
o Belt
o Crescent
o Pallet
o Overhead
o Floor
o Bucket
o Cable
o Others
• By Industry
o Airports
o Automotive
o Food & Beverages
o Meat & Poultry
o Dairy
o Others
o Mining
o Electronics
o Warehouse & Distribution
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific

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Strategic Points Covered in Table of Content of Global Conveyor System Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports

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