The global conveyor systems market is expected to rise with an impressive CAGR and generate the highest revenue by 2026. Fortune Business Insights™ in its latest report published this information. The report is titled "Conveyor Systems Market Size, Share and Industry Analysis By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors & Other), By Location (In-floor Conveyors, On-floor Conveyors & Overhead), By Load (Unit Load & Bulk Load), By Application (Food & Beverages, Pharmaceuticals, Supply chain & Logistics, Manufacturing, Mining & Others) and Regional Forecast, 2019-2026". The report discusses research objectives, research scope, methodology, timeline and challenges during the entire forecast period. It also offers an exclusive insight into various details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies.
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The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other conveyor systems market trends. The report is available for sale on the company website.
As per type, the demand for flat-belt conveyors, vertical conveyors, wheel conveyors, and roller conveyors is increasing. Among these, flat-belt conveyors witness the highest demand, which will increase the conveyor systems market size by 2026.
“It was Henry Ford who launched the first conveyor belt and bought a revolution in the material handling industry. His focus was to optimize efficiency and reduce cost,” stated a lead analyst at Fortune Business Insights. “Now, conveyor belts have become the permanent solution for material handling, massive production, and product distribution across industries,” he added. With the growing technological advancements, companies are developing innovative and smart conveyor systems for warehouses, thereby increasing the conveyor systems market demand. The conveyor systems market trends are growing, such as using barcode and RFID technologies in conveyor belts is gaining huge popularity among manufacturers. These technologies help to facilitate dimensioning and in-line scanning of conveyor belts.
List of Leading companies in the Conveyor Systems Market are:
- Daifuku Co., Ltd
- Continental Conveyor
- Bastian Solutions, Inc.
- Conveyor Systems Ltd
- Interroll (Schweiz) AG
- Durr AG
- ATS Automation Tooling Systems Inc.
- Toyota Industries Corporation
- Invata Intralogisitcs
- Taikisha Ltd.
“Emergence of Industry 4.0 and Growing E-commerce Industry to Transform Material Handling Space”
The growing e-commerce industry and the emergence of industry 4.0 are factors contributing to the growth of the market. Several companies are not automating their services to enhance outcomes and reduce labor costs. For instance, Industrial Kinetics developed a vehicle slat conveyor, especially for large vehicle manufacturers. It is a dual stand in-floor conveyor and is specifically designed for companies that convey around 635 tons of materials and 385 tons of vehicles. Another company called Durr developed an ADAMOS platform for the Industrial Internet of Things (IIoT).
With the help of digitization, companies can increase their production efficiency and maximize machine utilization. Several companies are entering into mergers and acquisitions (M&A) to offer improved services and expand their share in the market. For instance, Capitalworks announced the acquisition of C&M Conveyor in June 2018. The former company with the help of C&M’s automatic material handling systems can strengthen its product portfolio. Such strategies are likely to spur the conveyor systems market revenue in the forecast years.
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Regional Analysis for Conveyor Systems Market:
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Conveyor Systems Market:
- Executive Summary
- Market Dynamics
- Key Conveyor Systems Market Insights
- Global Market Analysis, Insights and Forecast, 2015-2026
- North America Market Analysis, Insights and Forecast, 2015-2026
- Europe Market Analysis, Insights and Forecast, 2015-2026
- Asia Pacific Market Analysis, Insights and Forecast, 2015-2026
- The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2026
- Latin America Market Analysis, Insights and Forecast, 2015-2026
- Competitive Landscape
- Global Conveyor Systems Market Revenue Share Analysis, By Key Players, 2020
- Company Profiles
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