Global Conveyor System Market, by type (Belt Conveyors, Roller, Pallet, Overhead and others), by Application (Automotive, Retail, Food & Beverages, Airport and others) – Forecast 2016-2022
Conveyor System Global Market – Overview
According to a recent study report published by the Market Research Future, The global market of Conveyor System is projected to gain prominence over the forecast period due to the technological advancements. The Market is forecasted to witness a steady growth by 2022; with a striking CAGR during forecast period 2017-2022. The global Conveyor systems market is growing rapidly owing to its vide range of application and popularity across worldwide industries.
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Conveyor Systems have been an integral and very important part of manufacturing and industrial companies for over a century. Conveyor Systems are mainstays in industries where quick and fast handling of packaging and shipments is a must. The use of conveyors system ensures effective handling of larger volume of goods with efficiency. The need for increasing efficiency and enhancing speedy flow of materials has been encouraging companies or organizations to install conveyors in plants and facilities. Moreover Factors such as growing industrialization need of automation to reduce manufacturing costs and waste and growth of e-commerce moving them towards adoption of conveyor systems. However factors such as fluctuating raw material prices, environmental regulations, as well as uncertainty of final products are anticipated to impede the growth of the Conveyor System market.
A Conveyor System is a mechanical equipment, used in wide range of applications in several industries including automotive, manufacturing, retail, food and beverage, transportation and even at grocery stores to handle and transport materials within industry premises. Conveyor systems are also used for moving sidewalks and escalators. The large, complex systems of conveyors are used in the airport and post office. Conveyors are especially useful in applications involving the transportation of heavy or bulky materials in companies or industries where self-unloading of bulk freighters are needed for moving items.
Conveyor System Global Market – Competitive Analysis
The major player operating in the market of Global Conveyor system are-
- Dematic Group
- Emerson Electric
- Siemens AG
- Allied Conveyor Systems
- Dorner Conveyors
- Dynamic Conveyors
- Fives Group
- FMC technologies
Characterized by the presence of several major well-established players, the global Market of Conveyor System appears to be highly fragmented and competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. The Key players operating in the market compete based on pricing, product launch, technology launch, reputation and services. Manufactures invest heavily in the R&D to develop a technology that is on a completely different level compared to their competition. These Manufactures strive to develop products with the adept technologies, unrivalled design and features.
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Conveyor System Global Market – Segment
The Global Conveyor SystemMarket is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Type : Comprises Belt Conveyors, Roller, Pallet, Overhead and others.
Segmentation by Application : Comprises Automotive, Retail, Food & Beverages, Airport and others.
Segmentation by Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Conveyor System Global Market – Synopsis
The demand for conveyors has aided by demand for modernization of older conveyor infrastructure. A growing trend in this industry is toward adoption of highly energy efficient and gearless designs for conveyor systems. This trend is boosted by regulatory pressures are end-users concern toward the energy and operational efficiency of conveyors. Rising costs of raw materials such as steel is a significant concern in this industry as this may hamper profit margins. Offering smarter conveyor systems such as providing product traceability features in conveyors represents an opportunity for players in this market. Another opportunity, in the long term is offering integrated machine vision features.
Conveyor System Global Market – Regional Analysis
Conveyor System Market is highly application driven and such conveyor systems are gaining popularity across the end user industries like automotive, retail, Food & beverages, airport which is referred as one of the major driving factors for market. Furthermore, increasing FDI investments in automotive sector, material safety concerns and other factors is also augmenting the growth of the market.
Currently, America region is the largest market for conveyor systems, U.S. accounted for a majority of the market share Because of presence of developing countries such as Mexico and Brazil has enhanced the conveyor systems market.
Asia Pacific is referred as fastest growing region for conveyor belts and North America is the second largest market for conveyor belt. The increase in the modernization and construction of new airports, distribution centers, and warehouses, the development of environment friendly and cost-effective conveyor systems will enhance the market for conveyor systems in Asia-Pacific and the Middle East.
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The report for Global Conveyor System Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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