Global Conveyor System Market to Roll on till 2022 Owing to Optimization of Internal Processes in Warehouses
Conveyor systems are mechanical
systems able to transport materials within the factory premises from one
location to another. They are popular in mining, manufacturing, material
handling, and packaging industries due to being handy in transporting sharp
items and mass-produced items. Market Research Future (MRFR) estimates
projections on growth and revenue on the global conveyor systems market for the
period of 2016 to 2022 (forecast period). The COVID-19 pandemic and its impact
have been included in the full report.
Market Scope
The global conveyor systems market is
anticipated for fabulous growth over the forecast period owing to applications
in various end-use industries. Rise in factory automation and massive
construction projects can drive the market demand till 2022. Emphasis on
physical distancing and need for safe handling of materials within company
premises can drive the demand for conveyor systems. Rapid industrialization and
inclination of ecommerce firms towards conveyor belts for faster delivery of
items can bode well for the market.
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Benefits of conveyor systems such as
installation at specific junctions during production for increasing the safety
of the workplace, safe transport of materials, movement of huge quantities of
goods, and prevention of accidents and injuries can favor its production. The
utilization of human-machine interface for analyzing the safe run of conveyor
systems and assurance of minimal disruptions to production, packaging, and
delivery processes can propel its demand over the forecast period.
Segmentation
Based on type, the conveyor systems
market is segmented into overhead, roller, pallet, belt, and others. Belt conveyor systems are continuous belts for
conveying products or materials in a loop between two end-pulleys. The
end-pulleys have a roll underneath for dropping off finished items.
By application, it is segmented into automotive,
retail, food & beverages, airport, and others. The food & beverages
application can gain traction in the market owing to its adoption in fast-food
restaurants for serving consumers rapidly. Conveyor belt systems are used in
transporting plates in an efficient manner.
Regional Analysis
Currently, North America is the
largest market for conveyor systems, with the U.S. accounting for a majority of
the market share. Investments in the automotive sector and material safety
concerns are major drivers triggering the demand for conveyor systems.
Asia Pacific is predicted to be the
fastest growing region for conveyor belts and North America has the second position
in this regard. The increase in the modernization and construction of new
airports, distribution centers, and warehouses can trigger the development of
environment friendly and cost-effective conveyor systems. The seamless
integration of conveyor systems into processes with the help of quiet and
energy-efficient rollers can improve employee communication and accelerate
production times.
Competitive Landscape
Interroll, Caterpillar, Intelligrated,
Daifuku, Fives Group, Emerson Electric, Siemens AG, FMC technologies, Allied
Conveyor Systems, Dynamic Conveyors, Dematic Group, and Dorner Conveyors are
key players of the global conveyor system market. Design of conveyor systems
with specific metrics such as maximum load capacity, conveyor belt speed,
throughput, drive speed, and load capacity per unit length are being produced
by manufacturers for smooth operations. Recently, Babcock & Wilcox obtained
a contract for designing and delivery of ash handling conveyor solutions to We
Energies’ Oak Creek power plant. The conveyor system will adhere to latest
environmental guidelines and assist in loading out of ash residue from solid fuel
combustion processes.
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Key Questions Addressed by the Report
- What was the historic market size?
- Which segmentation (Product/ Capacity) is
driving market?
- What will be the growth rate?
- How are the key players in this
market?
- What are the strategies adopted by
key players?
TABLE OF
CONTENTS
1 EXECUTIVE
SUMMARY
2 SCOPE OF
THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET
LANDSCAPE
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN
ANALYSIS
4 MARKET
DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
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national conveyors company
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