New York, NY, June 18, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Conveyor System Market By Type (Belt, Roller, Pallet, Overhead, Tri planar, Bucket, Floor, Cable, Crescent, and Others), By Operation (Manual, Automatic, Semi-automatic), By End-Use Industry (Food & Beverage, Automotive, Airport, Pharmaceuticals, Electronics, Retail & Distribution, Mining, and Others) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026”.
“According to the recent research report, the demand of global Conveyor System Market size & share expected to reach to USD 9.85 Billion by 2026 from USD 7.65 Billion in 2020, at a compound annual growth rate (CAGR) of 4.3% during the forecast period 2020 to 2026”
Global Conveyor System Market: Overview
Conveyors are mechanical devices that are used in a variety of sectors such as automotive, industrial, retail, food and beverage, and transportation. Conveyors are used to decreasing the number of mistakes that occur when items are handled manually and to save time. Multiple conveyor systems have been created as a result of ongoing changes in industry needs in terms of projected efficiency and product attributes. Conveyors come in a variety of shapes and sizes, including belts, roller, overhead, tri-planar, crescent, pallet and sorter conveyors, and spiral conveyors.
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Industry Major Market Players
- Daifuku Co. Ltd.
- Emerson Electric Co
- Interroll Group
- Siemens, Swisslog Holding AG
- Dematic
- Taikisha Ltd.
- SSI Schafer AG
- Vanderlande Industries B.V.
- Honeywell Intelligrated
- Fives
- TGW Logistics Group GmbH
- Continental Conveyor
- Shuttleworth
- RUD
- Redler
- Nordstrong
- Murata Machinery
- Mahindra Conveyor Systems
- FMC Technologies
- Flexlink
- Allied Conveyor Systems
- Durr AG
- Toyata Industries
- Bastian Solutions Inc.
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Key questions answered in this report:
- What is the projected market size & growth rate of the Conveyor System Market?
- What are the key driving factors for the growth of the Conveyor System Market?
- What are the top companies operative in Conveyor System Market?
- What segments are covered in Cannabis in Food and Beverage Market?
- How can I get free sample report/company profiles of the Conveyor System Market?
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Market Dynamics
Conveyors have been installed in plants and facilities as a result of the need to increase efficiency and improve the fast movement of goods. In addition, demand for conveyors is supported by the need to modernize aging conveyor systems. Conveyor systems that are very energy efficient and gearless are becoming increasingly popular in this market. This trend is fueled by regulatory requirements as well as end-user concerns about conveyor energy and operational efficiency. Companies are continuously searching for process optimization in an increasingly competitive market across all industries, which has boosted the need for industrial facility automation. Various continuous improvements in automation have been observed in the business. These can aid in satisfying material handling capacity needs, resulting in decreased production time, decreased human error, enhanced safety, higher production volume, and enhanced precision and repeatability. Conveyor systems are an important part of all automated facilities and applications, and with recent advancements in automation and robotics, the systems are becoming smarter, with benefits such as predictive maintenance, energy economy, and electric actuation. The rapid growth of the e-commerce business throughout the world has caused a major shift in the warehousing and logistics industries, with a significant influence on the conveyor system market. Industry 4.0 is progressively infiltrating a variety of industries, bringing with it a plethora of alternatives that must be appropriately explored. Industry operators are always concentrating on increasing their efficiency and establishing an agile environment to fit with the demanding world of customers, with a multitude of technologies ready to be incorporated into the current infrastructure.
Global Conveyor System Market: Segmentation
The global conveyor system market is segregated based on type, operation, end-use industry, and region. Based on type, the global conveyor system industry is categorized into the roller, belt, overhead, pallet, bucket, tri-planar, cable, floor, crescent, and others. Based on operation, the global conveyor system industry is categorized into automatic, semi-automatic, and manual. Based on the end-use industry, the global conveyor system industry is categorized into automotive, food & beverage, pharmaceuticals, airport, retail & distribution, electronics, mining, and others.
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North America is projected to Dominate Global Conveyor System Market Growth
In terms of value, Asia Pacific was the largest market for conveyor systems in 2020. Conveyor systems are now in high demand due to the considerable growth of the e-commerce sector and the resulting development of storage. The conveyor system market's growth prospects remain bright in Europe and North America, thanks to increased acceptance of newer technology across sectors, which has prompted manufacturers to expand their capacity. Europe, as an early adopter, has seen considerable use of conveyor systems in a variety of sectors. In order to remain competitive in the industry, conveyor system manufacturers in the region have engaged in research and development. Germany and the United Kingdom are at the cutting edge of industrial research and development. An environment that allows enterprises to develop cutting-edge innovations is created by extensive R&D infrastructure, a highly qualified staff, and comprehensive industrial value chain integration.
Browse the full “Conveyor System Market By Type (Belt, Roller, Pallet, Overhead, Tri planar, Bucket, Floor, Cable, Crescent, and Others), By Operation (Manual, Automatic, Semi-automatic), By End-Use Industry (Food & Beverage, Automotive, Airport, Pharmaceuticals, Electronics, Retail & Distribution, Mining, and Others) By Region: Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/conveyor-system-market
The global conveyor system market is segmented as follows:
By Type:
- Belt
- Roller
- Pallet
- Overhead
- Tri planar
- Bucket
- Floor
- Cable
- Crescent
- Others
By Operation:
- Manual
- Automatic
- Semi-automatic
By End-Use Industry:
- Food & Beverage
- Automotive
- Airport
- Pharmaceuticals
- Electronics
- Retail & Distribution
- Mining
- Others
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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