by According to Precedence Research, The conveyor system market size garnered US$ 7.2 billion in 2020 and is expected to generate US$ 10.3 billion by 2030, manifesting a CAGR of 3.6% from 2021 to 2030. The report contains 150+ pages with detailed analysis.
The base year for the study has been considered 2021, the historic year 2019 and 2020, the forecast period considered is from 2021 to 2030. The conveyor system market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).
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Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers, novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the major players in the global conveyor system market include:
- Daifuku Co., Ltd.
- Dematic Group
- Emerson Electric Co.
- Interroll Holding Ltd.
- Siemens AG
- Swisslog Holding AG
- SSI Schäfer AG
- Taikisha Ltd.
- Vanderlande Industries
- TGW Logistics Group Gmbh
Conveyor System Market Scope
This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, the Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes the market by key players and various segment. This report also studies global market prominence, competitive landscape, market share, growth rates market dynamics such as drivers, restraints and opportunities, and distributors and sales channels.
This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.
Crucial factors accountable for market growth are:
- Rapid industrialization in developing regions
- Rising adoption of automation across different industries
- Government policies to attract FDIs
- Rapid growth of the e-commerce
- Rising investments in the production of electric vehicles
- Rising government investments for industrialization
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Conveyor System Market Report Highlights
- Based on type, the roller segment is estimated to be the fastest-growing segment during the forecast period. This can be attributed to the rising adoption of roller conveyors in warehouses and distribution centers of the e-commerce platforms. The rapid growth of the e-commerce segment is expected to drive the segment growth.
- Based on the industry, the automotive segment is anticipated to be the most opportunistic segment. The rising popularity of the electric vehicles and rising emphasis on the development of eco-friendly transport solution is expected to foster the manufacturing of electric vehicles. This will foster the growth of the conveyor system.
Conveyor System Market Dynamics
Drivers
The conveyor system market is primarily driven by the rising adoption o automation across industries, development of efficient and latest conveyor systems, and rising need for handling large volume of goods. Further, the mining industry is significantly boosting the market growth owing to the extraction of metal and fuel in large volumes across the globe.
Restraints
A high investment is associated with the installation of conveyor systems in the operating facilities. The high capital investment may hinder the market growth especially in the developing and under developed economies that faces financial restrictions.
Opportunities
The introduction of latest technologies such as internet of things, IoT, sensors, and other smart features in the conveyor systems that can efficiently and safely handle large volume of goods is expected to drive the growth of the conveyor system market in the upcoming future.
Challenges
The rising adoption of robots in the industries is a major challenge to the conveyor system manufacturers. According to the International Federation of Robotics, approximately 2.7 million robots were employed in factories in 2020. This may substitute the use of conveyor system.
Regional Snapshots
Europe is the leading conveyor system market. The early adoption of automation technologies across various industries in Europe has significantly fostered the growth of the market. The rapidly growing tourism industry in Europe is fueling the demand for the conveyor system from the airport segment. The presence of top automotive companies in the region is expected to drive the growth of the market during the forecast period. The rising adoption of smart and innovative technologies in the manufacturing sector of Europe has increased the demand for the latest conveyor systems.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is characterized by rapid industrialization, presence of huge customer base, rising disposable income of the consumers, and rising popularity of automation in the industries. All these factors are encouraging the players from the different industries to invest in the region to set up manufacturing facilities. Therefore, industrialization of Asia Pacific is the major factor that is expected to boost the growth of the market.
Conveyor System Market Segments Covered
By Type
- Belt
- Roller
- Overhead
- Pallet
By Industry
- Airport
- Retail
- Automotive
- Food & Beverages
- Supply Chain & Logistics
- Pharmaceuticals
- Mining
- Others
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Research Objective
- To provide a comprehensive analysis of the conveyor system industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
- To provide detailed insights into factors driving and restraining the growth of this global market
- To provide a distribution chain analysis/value chain for the this market
- To estimate the market size of the global conveyor system market where 2019 would be the historical period, 2020 shall be the base year, and 2020 to 2027 will be the forecast period for the study
- To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
- To analyze the global market in four main geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World
- To provide country-wise market value analysis for various segments of the conveyor system
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Conveyor System Market, By Product
7.1. Conveyor System Market, by Product Type, 2021-2030
7.1.1. Belt
7.1.1.1. Market Revenue and Forecast (2019-2030)
7.1.2. Roller
7.1.2.1. Market Revenue and Forecast (2019-2030)
7.1.3. Overhead
7.1.3.1. Market Revenue and Forecast (2019-2030)
7.1.4. Pallet
7.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 8. Global Conveyor System Market, By Industry
8.1. Conveyor System Market, by Industry, 2021-2030
8.1.1. Airport
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Retail
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Automotive
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Food & Beverages
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Supply Chain & Logistics
8.1.5.1. Market Revenue and Forecast (2019-2030)
8.1.6. Pharmaceuticals
8.1.6.1. Market Revenue and Forecast (2019-2030)
8.1.7. Mining
8.1.7.1. Market Revenue and Forecast (2019-2030)
8.1.8. Others
8.1.8.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Conveyor System Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.2. Market Revenue and Forecast, by Industry (2019-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.1.4.2. Market Revenue and Forecast, by Industry (2019-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.2. Market Revenue and Forecast, by Industry (2019-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.4.2. Market Revenue and Forecast, by Industry (2019-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.5.2. Market Revenue and Forecast, by Industry (2019-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.2.6.2. Market Revenue and Forecast, by Industry (2019-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.4.2. Market Revenue and Forecast, by Industry (2019-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.5.2. Market Revenue and Forecast, by Industry (2019-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.3.6.2. Market Revenue and Forecast, by Industry (2019-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.2. Market Revenue and Forecast, by Industry (2019-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.4.2. Market Revenue and Forecast, by Industry (2019-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.5.2. Market Revenue and Forecast, by Industry (2019-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
9.4.6.2. Market Revenue and Forecast, by Industry (2019-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.2. Market Revenue and Forecast, by Industry (2019-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.3.2. Market Revenue and Forecast, by Industry (2019-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
9.5.4.2. Market Revenue and Forecast, by Industry (2019-2030)
Chapter 10. Company Profiles
10.1. Daifuku Co., Ltd.
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Dematic Group
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Emerson Electric Co.
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Interroll Holding Ltd.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Siemens AG
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Swisslog Holding AG
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. SSI Schäfer AG
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Taikisha Ltd.
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Vanderlande Industries
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. TGW Logistics Group Gmbh
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
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The purpose of Precedence Research’s conveyor system market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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