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Published Date: 2017-05-24Number of Pages: 208

Conveyor System Market (Conveyor Type - Roller Conveyor, Belt Conveyor, Pallet Conveyor, and Over-head Conveyor; End User - Food Processing, Automotive, Retail Sector, Airport, and Healthcare; Distribution Channel - Online Distribution Channel and Direct Distribution Channel) - Global Industry Analysis, Trend, Size, Share and Forecast 2017 - 2025

Conveyor system is an important part of the overall material handling system that is required in every industrial processes for various applications. Rapid industrialization coupled with rising demand for technology across various industry in order to automate the entire process is the most important factor predicted to accelerate the demand for conveyor system in the coming years. According to the research report, the global conveyor system market was worth US$4697.1 mn in 2016 and is expected to reach US$6312.5 mn by 2025, surging at a CAGR of 3.5% between the forecast period of 2017 and 2025.

Utilization of advanced technique of production and automated equipment has become the primary need of various end user segment for enhancing the quality of goods and to facilitate timely production. This in turn is anticipated to promote the demand for conveying system that are majorly utilized for shipment, transportation, packaging and other manufacturing related activities. However, selection of proper and appropriate conveying system is majorly dependent on various factors such as application areas, pickup points for uploading and downloading and type of products to be conveyed.

conveyor system market

Belt Conveyors to Lead the Pack as their Demand in Various Industrial Sectors Remains High

Different types of conveyor system that are majorly used across various industrial sectors includes roller conveyor, belt conveyor, pallet conveyor, over-head conveyor and others. Wheel conveyor, bucket conveyor, screw conveyor and vibrating conveyor is included within the others segment. In terms of revenue, among the different types of conveyor system available in the market, belt conveyor system held the largest market share in 2016 and is anticipated to maintain its dominance throughout the forecast period from 2017 to 2025. Extensive utilization of belt conveyor across various end user segments including packing lines, dry areas in various food and pharmaceutical industries is the most important factor behind this segments dominance.

Conveyor system also finds its applications across various end user segments including food processing, automotive, retail sector, airport and healthcare among others. On the other hand, based on application of conveyor system across various end user segment, the conveyor system market both in terms of revenue and volume is anticipated to be majorly driven by food processing sector across the globe in the coming years. Technologically advanced and diverse conveyor systems are used extensively across various food processing industry in order to meet the need of specific edible products.

Europe to Remain Dominant in the Global Conveyor Systems Market

On the basis of geography, the global conveyor systems market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. In 2016, Europe held the dominating market share of the conveyor system market in terms of revenue. This regional market is projected to rise at a CAGR of 2.7% over the forecast period. On the flip side, Asia Pacific region is expected to experience the most promising growth in the coming years. Increasing number of manufacturing facilities combined with the rising demand for automation and efficiency from various manufacturing sector is the primary factor responsible for the robust growth of the conveyor system market in Asia Pacific region.

The global conveyor system market is highly competitive in nature with the presence of large number of conveyor system manufacturers. Some of the major players operating in the conveyor system market includes Daifuku Co. Ltd. (Japan), Schaefer Systems International Inc., Dematic Group and Murata Machinery Ltd. among others.

Global Conveyor System Market: Snapshot

Increasing demand for quick production turnover and handling larger volume by various industrial and manufacturing industries across the globe is anticipated to trigger the demand for adoption of industrial automations. Conveyor systems forms an integral part of the material handling system that are involved across different industrial processes. Rapid industrial growth, modernization and expansion of industries and achieving higher operational efficiency are some of the major factors that are anticipated to boost the adoption rate of conveyor system across different industrial sectors especially in food processing sector and retail sector. Conveyor system helps to simplify the task of bulk material handling and plays an important role by minimizing and reducing the chances of human errors. In addition, increasing demand for conveyor system across various storage, warehouse, manufacturing and distribution sectors is another important factor anticipated to accelerate the market growth of conveyor system during the forecast period from 2017 to 2025 in order to enhance supply chain automation and to remain competitive by integrating latest automation technology.

Global Conveyor System Market: Scope

In order to provide a comprehensive and detailed analysis of the market, the global conveyor system market has been segmented on the basis of conveyor type, end user and distribution channel. Details regarding different types of conveyors including roller conveyor, belt conveyor, pallet conveyor and over-head conveyor among others is included within the scope of research. Moreover, conveyor system also finds its application across different end user segments such as food processing, automotive, retail sector, airport, healthcare and others. Application of conveyor system across various construction sector and packaging sector is included within the others segment. In addition, based on the channel of distribution, the market has been classified into online distribution channel and direct distribution channel. Again, data regarding market revenue, volume, future trend and share of different conveyor type sold via various distribution channels is also highlighted in this report. Furthermore, information related to current market condition along with future anticipated growth trend of all the above mentioned segment across different regions including Europe, North America, Asia Pacific, Middle-East and Africa (MEA) and Latin America is also provided in this report.

Global Conveyor System Market: Competitive Analysis

The overall analysis and forecast of conveyor system market across different regions has been made both in terms of revenue (USD Million) and Volume (Thousand Units) during the forecast period from 2017 to 2025. The report also limelight on the competitive analysis of different major players operating in the conveyor system market in which the key strategies adopted by the leading players to retain their dominating position in the market and the market positioning of the key players in 2016 is also furnished. Further, market attractiveness analysis of the conveyor system market in respect of different conveyor type is also covered within the scope of research for providing a deep insight of the market.

The report also provide an exhaustive assessment of various driver, restraints and opportunities that are predicted to affect the demand and market growth of conveyor system during the forecast period. For each segment (such as conveyor type, end user and distribution channel), analysis of market dynamics is also provided in this report. Cumulative effect of all these factors helps to determine the trend that is anticipated to affect the market growth in the near future. After considering all these factors, an elaborative analysis of the growth parameters across different regions has been made in order to track the global numbers and market forecast of the conveyor system market during the forecast period from 2017 to 2025.

Key Players Mentioned in this Report are:

Some of the leading players operating the conveyor system market includes Daifuku Co. Ltd. (Japan), Schaefer Systems International Inc. (Germany), Dematic Group (The U.S) and Murata Machinery Ltd. (Japan) among others.

The global conveyor system market has been segmented as follows:

Global Conveyor System Market, by Conveyor Type

  • Roller Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Belt Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Pallet Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Over-head Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Others
    • Online Distribution Channel
    • Direct Distribution Channel

Global Conveyor System Market, by End User

  • Food Processing
  • Automotive
  • Retail Sector
  • Airport
  • Healthcare
  • Others

Global Conveyor System Market, by Distribution Channel

  • Online Distribution Channel
  • Direct Distribution Channel

Global Conveyor System Market, by Geography

  • North America
    • The U.S.
    • Mexico
    • Canada
  • Europe
    • The U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • United Arab Emirates
    • Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America


 
 
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