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Global Conveyor System Market (2020 to 2025) - Advanced Conveyor Systems Present Opportunities - ResearchAndMarkets.com

·3-min read

The "Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket, Others) Component, Operation, & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global conveyor system market size is projected to reach USD 10.6 billion by 2025, from an estimated value of USD 8.8 billion in 2020, at a CAGR of 3.9%.

The higher adoption of automation processes in various end-use industries and the rising demand for handling larger volumes of goods are the driving factors that are expected to boost the conveyor system market. The constant R&D efforts by conveyor system manufacturers to modernize the industry will offer favorable opportunities for manufacturers and propel the automated conveyor systems in the coming years.

; airport industry, by conveyor type (belt, tri planar, crescent, and others); automotive industry, by conveyor type (overhead, floor, roller, and others); retail & distribution industry, by conveyor type (belt, roller, pallet, and others); electronics industry, by conveyor type (belt, roller, and others); mining industry, by conveyor type (belt, cable, bucket, and others); food & beverage industry, by sub-industry (meat & poultry, dairy, and others); and region (North America, Asia Pacific, Europe, and Rest of the World).

The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall conveyor system market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides them information on key market drivers, restraints, challenges, and opportunities.

Market Dynamics

Drivers

  • Higher Adoption of Automation Processes in Various End-Use Industries to Enhance Operational Efficiency

  • Rising Demand for Handling Larger Volumes of Goods

  • Inclination of Industries Towards Lean Manufacturing Expected to Fuel the Demand for Conveyor Systems

Restraints

  • High Initial Investments

  • Increasing Usage of Automated Guided Vehicles and Robotics

Opportunities

  • Increase in Demand for Material Handling from Warehouse and Pharmaceutical Companies During the COVID-19 Crisis

  • Advanced Conveyor Systems

  • Green Conveying

Challenges

  • Reducing Rate of Baggage Mishandling

  • Ensuring Safety and Reducing Accidents

Companies Mentioned

  • Bastian Solutions, Inc

  • Belt Brokers

  • Continental Ag

  • Daifuku Co., Ltd.

  • Dematic

  • Fives Group

  • Hangzhou Nuohua Machinery Manufacturing Co., Ltd.

  • Honeywell Intelligrated

  • Interroll Holding Ag

  • Invata Intralogistics

  • Khare Group

  • Metso Outotec

  • Murata Machinery Co. Ltd.

  • Sampla Do Brazil

  • Siemens Ag

  • SSI Schaefer

  • Swisslog Holding Ag

  • Taikisha Ltd.

  • Vanderlande Industries B.V.

  • Westfalia Technologies, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/is2may

View source version on businesswire.com: https://www.businesswire.com/news/home/20210118005263/en/

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