The RSFE News

latest stock market news

The overall conveyor systems market is expected to grow from USD 5,008.4 Million in 2018 to USD 7,169.0 Million by 2026 at a CAGR of 4.6% during the forecast period. Fortune Business Insights in a new report, titled “Conveyor Systems Market Size, Share and Global Trend By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors and Other), By Location (In-floor Conveyors, On-floor Conveyors and Overhead), By Load (Unit Load and Bulk Load), By Application (Food and Beverages, Pharmaceuticals, Supply chain and Logistics, Manufacturing, Mining and Others) and Geography Forecast till 2026” predicts that the market is primarily driven by large demand for conveyor systems across warehousing and manufacturing industries.

To Gain More Insights into the Conveyor Systems Market Analysis, Browse Summary of the Research Report

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 theConveyor Systems Market are:

  • Daifuku Co., Ltd
  • Continental Conveyor
  • Bastian Solutions, Inc.
  • Conveyor Systems Ltd
  • Dematic
  • Interroll (Schweiz) AG
  • Durr AG
  • ATS Automation Tooling Systems Inc.
  • Toyota Industries Corporation
  • Invata Intralogisitcs
  • Taikisha Ltd.

Request a Sample Copy for more detailed Conveyor Systems Market Overview

“Majority of the Revenue to Come from India and China”

Among regions, Asia Pacific is projected to exhibit the highest CAGR in the global conveyor systems market. The demand for conveyor systems is increasing in industries such as food and beverage, retail, automotive, and other industries. This will further lead to the new infrastructural growth in the region, which will increase the conveyor systems market growth in Asia Pacific. Among different countries in this region, India and China are the leading growth contributors for conveyors belts. The presence of several global players such as Geely, BYD Automotive, Dongfeng, Ford Motor Co., and, Volkswagen in China is contributing to the growth of the conveyor systems market share. These companies need conveyor belts to facilitate the management of materials, thereby minimizing the time consumption. Enabled by these factors, the market is expected to grow in this region.

The market in Europe was valued at USD 924.3 Mn in 2018 and is expected to witness substantial growth in the forecast years. Several manufacturing companies in this region are adopting automation. This, coupled with, rising penetration of advanced technologies such as RFID, AI, and IoT, is propelling growth in the market.

“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 (MandA) to offer improved services and expand their share in the market. For instance, Capitalworks announced the acquisition of CandM Conveyor in June 2018. The former company with the help of CandM’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.

Speak to our Analyst for any Queries about Conveyor Systems Market Research Report

Major Table of Contents:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends of Market
  4. Key Insights
    • Macro and Micro Economic Factors
    • Key Technological Developments
    • Porter’s Five Forces Analysis
    • Consolidated SWOT analysis of Key Players
  5. Global Conveyor Systems Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts By Type (USD Mn and Million Units)
      • Roller Conveyors
      • Flat Belt Conveyors
      • Wheel Conveyors
      • Vertical Conveyors
      • Other Conveyors
    • Market Sizing Estimations and Forecasts By Location (USD Mn)
      • In-floor Conveyors
      • On-floor Conveyors
      • Overhead
    • Market Sizing Estimations and Forecasts By Load (USD Mn)
      • Unit Load
      • Bulk Load
    • Market Sizing Estimations and Forecasts By Application (USD Mn)
      • Food and Beverages
      • Pharmaceuticals
      • Supply chain and Logistics
      • Manufacturing
      • Mining
      • Others
    • Market Analysis, Insights and Forecast By Geography (USD Mn)
      • North America
      • Europe
      • Asia Pacific
      • Middle East and Africa
      • Latin America
  1. North America Conveyor Systems Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Sizing Estimations and Forecasts By Type (USD Mn and Million Units)

TOC Continued…….!

Purchase Full Report for Exclusive Conveyor Systems Market Growth Forecast

Other Exclusive Reports:

Gantry Industrial Robots Market Size, Share and Industry Analysis, By Type (1-Axis, 2-Axis, 3-Axis, 4-Axis, and Others), By Application (Handling, Palletizing, Welding and Others), By Industry (Packaging, Automotive, Pharmaceuticals, Food and Beverage, Semiconductors and Electronics, Heavy Engineering Machinery, Aerospace and Railway, and Others), and Regional Forecast, 2019-2026

Material Handling Equipment Market Size, Share and Industry Analysis, By Equipment Type (Cranes and Lifting Equipment, Industrial Trucks, Racking and Storage Equipment), By Operations (Assembly, Distribution, Others), By Industry (Consumer Goods and Electronics, Automotive, Food and Beverages, Pharmaceutical, Construction, Others), and Regional Forecast, 2019-2026

Conveyor Systems Market Size, Share and Industry Analysis By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors and Other), By Location (In-floor Conveyors, On-floor Conveyors and Overhead), By Load (Unit Load and Bulk Load), By Application (Food and Beverages, Pharmaceuticals, Supply chain and Logistics, Manufacturing, Mining and Others) and Regional Forecast, 2019-2026

About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact:
Name: Ashwin Arora
Email:[email protected]
Phone: US +1 424 253 0390 / UK +44 2071 939123 / APAC: +91 744 740 1245

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Conveyor Systems Market By Competitive Landscape, Industry Size, Applications, Pricing Analysis and Opportunities Forecast to 2026