Conveyor System Market - Rising Usage Of Conveyor Systems Across Various Manufacturing And Distribution Units, Warehouses, And Storage Facilities

Global Conveyor System Market: Overview

The concept of assembly line has been widely adopted across the industrial sector in order to reduce the gap between demand and supply and to reduce production time and most assembly lines require conveyer systems to meet production capacity. Rapid industrialization and automation of the overall production process are the most important factors accelerating the demand for conveyor systems.

The report provides a comprehensive assessment of the key drivers, restraints, and opportunities predicted to impact the demand for conveyor systems during the forecast period. While offering an exhaustive analysis of the conveyor systems market, the publication studies the global market on the basis of end user, distribution channel, conveyor type, and region.

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Global Conveyor System Market: Trend and Opportunities

The leading factors driving the adoption of conveyor systems across a number of industries include rapid modernization, extensive industrial growth, and the growing need for higher operational efficiency. The rising usage of conveyor systems across various manufacturing and distribution units, warehouses, and storage facilities is another factor boosting market growth. Vendors involved in these end users are looking to improve supply chain automation and to sustain themselves in a highly competitive environment and this is likely to augur well for the conveyor systems market. On the flip side, however, massive initial investment for the installation of conveyor systems and the high price of these systems threaten to hold the market back.

Based on type, belt conveyor systems held the dominant share in 2016 in terms of revenue and the segment is slated to retain its dominance throughout the forecast period. Widespread usage of belt conveyors across major end users such as food and pharmaceutical industries is perhaps the key factor driving this segment.

By way of application, the food processing sector dominates the conveyor system market in terms of both revenue and volume. This can be attributed to the rising demand for specific edible products and the availability of technologically advanced and diverse conveyor systems.

Global Conveyor System Market: Regional Outlook

Europe dominated the conveyor system market in 2016 in terms of revenue and will continue its leading streak over the coming years as well. As the concept of industry 4.0 comes to fruition, there will be a rise in the adoption of assembly line in a number of manufacturing units in the region, thereby boosting the demand for conveyor systems. However, due to its mature nature, the conveyor systems market in Europe is likely to witness sluggish growth during the forecast period.

As far as the growth rate is concerned, Asia Pacific is projected to emerge as a rapidly expanding regional market in terms of both revenue and volume. This can be attributed to increasing demand for reduced human effort, rising production efficiency across the industrial sector, and the need to minimize product loss.

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The Latin America market for conveyor systems is also forecast to exhibit promising growth through 2025 thanks to thriving retail, automotive, and healthcare sectors. However, social and political instabilities threaten to hamper the growth of this regional market. The Middle East and Africa (MEA) market is projected to witness slow yet steady growth between 2017 and 2025.

Companies mentioned in the report

The global conveyor system market is observed to be immensely competitive owing to the presence of a large number of manufacturers. Beumer Group GmbH & Co. KG, Dematic Group, Fives Group, Intelligrated Inc., Siemens AG, Murata Machinery Ltd., Schaefer Systems International Inc., TGW Logistics Group, Daifuku Co. Ltd., and Swisslog are some of the key vendors in the conveyor systems market.

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This release was published on openPR.