Conveyor Systems Market : Global Industry Size, Share, Segments Analysis and Forecast 2015-2021
Automation has become an essential part of any industrial operations. Conveyor systems are mechanically operated equipment that is used to transport material within premises. They are an effective way for the transportation of materials with the highest level of safety. It reduces cycle time and quick solution for transport of material within premises. Earlier, these systems were used to transport heavy materials in the industry. Conveyor system reduces the error for handling materials manually and saves time. This system is adopted by the retail, automotive, transportation, food and beverage, and manufacturing industries. Furthermore, they are also used in the retail industry for warehousing, cross-docking, distribution, and sorting of material. For baggage handling, conveyor belts are largely used in the airport facilities.
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The demand for multiple conveyor systems is growing in order to increase the efficiency. Advanced conveyor products assisting to simplify operations in different industries will grow the demand of the global conveyor systems market in the coming future. Many industries are anticipated to adopt the high-quality standard of the conveyors and customized solution, this, in turn, is expected to drive the global market. Improved speedy transport of material via conveyor belt is boosting the market. Modern industries are moving towards gearless designs and energy-efficient conveyor systems for improved performance. This is also anticipated to foster the conveyor systems market. Steel is an important aspect of the conveyor system market. Thus, its increasing cost may hamper the growth of the market.
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The global conveyor systems market is segmented on the basis of conveyor type as the pallet, tri-planar, sorter conveyor, belt, overhead conveyors, spiral conveyors, roller, crescent conveyor, and others. Out of which, conveyor belt segment is the most demanding in the market. Based on the end-user application, the conveyor systems market is further segmented as the airport, mail logistics, automotive, retail, and food & beverage. In the automotive sector, major applications of conveyor system are painted shop, Assembly line, body shop, and others.
Europe accommodated for the highest market share owing to vast distribution channel in the conveyor systems market. Owing to significant growth in the food and beverage, automotive, retail, and many industries, Asia Pacific is expected to fuel the growth of the market. Moreover, improving economies such as Mexico and Brazil are anticipated to witness the fastest growth in the Latin America region for conveyor systems market.
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Some of the major players dominating the global conveyor systems market are Swisslog Holding AG, Taikisha Ltd., Emerson Electric Co., Interroll Holding Ltd., Dematic Group S.r.l., Interroll Holding Ltd., and SSI Schfer AG. Other key players influencing the global market are TGW Logistics Group GmbH, Dematic Group S.r.l., Daifuku Co., Ltd., Vanderlande Industries, Siemens AG, Daifuku Co., Ltd., and Taikisha Ltd.
Conveyor Systems Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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