The Increased Demand For Automation Is Expected To Drive The Growth Of The Global Conveyors Market

A conveyor is an equipment used to handle and transport packages, products or any material. Conveyors are used to move products frequently between specific points. The conveyor is used to increase the speed of the operation and make the work secure. A conveyor can be of placed horizontally or vertically depending upon the application.

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Energy Consumption in the US is Leading to High Adoption of Conveyor Market Systems

The US accounts for the largest share in the construction industry. The pandemic has halted many construction-related activities, which in turn has impacted the growth of the Conveyor Market industry negatively. However, the development in the Conveyor Market industry is rising at a steady pace with the resumption of the construction industry. The ever-growing energy consumption in the country is also generating demand for more energy-efficient Conveyor Market systems in the region.

Prominent players in the Conveyor Market industry such as Honeywell Int., and new entrants such as Apple and Google NEST are also focusing on residential construction projects to bring more innovation and comfort to the residents. Such new strategies are helping the Conveyor Market industry gradually recover from the blow of the pandemic.

Conveyor Market Key Players
AMSS (Aircraft Maintenance Support Services Ltd.)
Schaefer Systems International Inc.
Daifuku Co. Ltd.
Murata Machinery, Ltd.
Dematic Corp.
Conveyor Units Limited
DS handling Systems Ltd.
Vanderlande Industries B.V.
Interroll Holding AG
Swisslog Holding AG
Hytrol Conveyor Company, Inc.
Honeywell Intelligrate
Bastian Solutions, Inc.
MSK Verpackungs-Systeme GmbH
TGW Logistics Group GmbH
Taikisha Ltd.


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Global Conveyor Market: Segmentation
The global conveyor market is segmented on the basis of conveyor type, technology type, and end-use industry.

On the basis of conveyor type, the global conveyor market is segmented as:

Belt
Chain
Vertical
Overhead
Vibrating
Pneumatic
Trolley
Bucket
Others
On the basis of technology, the global conveyor market is segmented as:

Semi-Automatic
Automatic
On the basis of end-use industry, the global conveyor market is segmented as:

Warehouse & Distribution
Shipping & Logistics
Automotive
Consumer goods
Food & Beverage
Pharmaceuticals
Others


Technological Advancements are Leading Innovations in the Conveyor Market in China

China is gradually recovering from the adverse effect of the pandemic due to its successful efforts in curbing the spread of the virus within the region. With almost negligible restrictions, the construction, heavy machinery, and automotive industry have started resuming operations. Rising expenditure in technology and increasing emphasis on environmental safety are propelling the demand in the Conveyor Market industry in China. The growing interest in billboard automation and industrial displays in allowing manufacturers to gradually attain their pre-pandemic status.



India is Experiencing High Adoption of Conveyor Market Systems

The Indian Conveyor Market industry witnessed a downfall due to the pandemic. In order to follow the safety guideline, many construction sites and manufacturing units were shut until further notice. With the relaxation of these restrictions, the manufactures operating in the automation, engineering, and construction (AEC) industry managed to gather pace in recovery. However, the second wave of the pandemic hit the Conveyor Market industry negatively, affecting the overall growth of the industry. Being a fast-growing economy, global leaders are finding lucrative opportunities in the country, both in commercial and residential spaces, as the demand for multi-modal building automation is surging.

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Key Long-Term Trends

The global Conveyor Market industry is showing notable recovery in 2021 and will continue to offer opportunities for expansion to the players operating in the market. With the penetration of building automation in residential areas, the Conveyor Market industry will show an upward trend. Some new trends that are boosting the growth in the market are:

Internet of Things (IoT)
The Internet of Things (IoT) and the Industrial Internet of Things (IIoT) are experiencing broader acceptance in the Conveyor Market industry. The innovative technology which makes everything 'inter-connected is gaining immense popularity in both residential and commercial projects, making them technologically advanced and effective in risk management.


Edge Computing
As the number of residents increases, the data also becomes vaster. Hence, edge computing will act as a key technology in the Conveyor Market industry. Edge computing enables data security, easy accessibility, and enhanced automation in commercial and residential buildings.

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