Conveyors Market 2021 Status and Business Outlook - Daifuku Co. Ltd, SSI Schaefer AG, Murata Machinery Ltd, Mecalux SA, BEUMER Group GmbH & Co. KG

The Conveyors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Conveyors Market was valued at USD 7.73 billion in 2020 and is expected to reach USD 10.07 billion by 2026 and work at a CAGR of 4.5% over the forecast period (2021-2026).

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Top Leading Companies of Conveyors Market are Daifuku Co. Ltd, SSI Schaefer AG, Murata Machinery Ltd, Mecalux SA, BEUMER Group GmbH & Co. KG, KNAAP AG, KUKA AG (Swisslog AG), Honeywell Intelligrated Inc., Kardex Group, Viastrore Systems GmbH, Bastian Solutions Inc. and others.

Industry News and Updates

January 2020 - SSI Schaefer implemented a logistics center for Misumi -- a global manufacturer and provider of mechanical components and indirect materials for special machine construction and assembly automation. Core elements of the system are an automated shuttle warehouse, a four-storied rack system, ergonomic work stations connected via a conveying system and the logistics software Wamas.

- March 2019 - Daifuku completed the acquisition of Vega Conveyors and Automation Private Limited, a prominent material-handling vendor based in India. The acquisition is expected to strengthen the company's localization strategy. It is expected to benefit from the increasing demand for automation in the Asia-Pacific region.

Key Market Trends

Retail Segment to Witness Significant Growth

- To optimize warehouse space utilization and to stay profitable, retailers currently are increasingly adopting automated warehousing and distribution solutions. The retail sector utilizes these conveyor systems for distribution and warehousing operations, sorting and cross-docking. Growth in shopping through the online channel in the Asia-Pacific and LAMEA regions has created a conducive market environment.

- The increasing usage of online retailing, coupled with changing consumer behavior toward goods purchasing, is likely to have a positive impact on the adoption of conveyor and sortation systems. In addition, many companies already invested in the sortation facility, are expected to increase their capacity, owing to the rising demand. For instance, UPS in September 2018, announced to expand their sortation capacity to reach over 25% increase in cross border orders by 2022.

- The increasing purchasing power of consumers, changing lifestyles, growing working-class segment, and relaxation in government regulations such as Foreign Direct Investment. These factors have boosted the growth of supermarket chains and distribution centers, which are driving the demand for new distribution centers and warehouses, which is then expected to drive the conveyors market.

Regional Outlook of Conveyors Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Conveyors Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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