Global Conveyor System Market size was valued at USD 9.88 Bn. in 2023 and is expected to reach USD 13.18 Bn. by 2030, at a CAGR of 4.20%.Conveyor System Market Overview
A conveyor system is a series of interconnected conveyors designed to transport products between operations efficiently. Various types of conveyors serve distinct functions, integrated by warehouse managers to optimize operational efficiency. The rising demand for automation and material handling solutions across various industries, With the increasing focus on streamlining production processes and enhancing operational efficiency, conveyor systems have become integral components of modern industrial setups which is driving the growth of Conveyor System Market. Factors such as the need for faster and safer material transportation, labor cost reduction, and the adoption of advanced technologies like IoT and AI in conveyor systems are boosting Conveyor System Market growth. The surge in e-commerce activities and the growing logistics sector are driving the demand for conveyor systems to facilitate seamless material flow and order fulfillment operations. Conveyor System Market Key players are actively engaged in strategic initiatives such as mergers and acquisitions, product innovations, and partnerships to strengthen their market presence and expand their product portfolios. For instance, recent developments include the introduction of advanced conveyor technologies such as Motorized Driven Roller (MDR) conveyors and sortation systems by major players like Dematic, Daifuku, and Interroll, aimed at enhancing efficiency, reliability, and flexibility in material handling processes. Moreover, investments in research and development activities to develop sustainable and energy-efficient conveyor solutions are gaining traction, reflecting the industry's commitment to environmental sustainability and reducing carbon footprint. With the continuous advancements in conveyor technology and the increasing adoption of automation in manufacturing and logistics sectors, the conveyor system market is poised for robust growth in the coming years, presenting lucrative opportunities for market players and stakeholders alike.To know about the Research Methodology :- Request Free Sample Report
Conveyor System Market Dynamics:
Advancements in Medical Types with Increasing Research in Nanotechnology driving the growth of Conveyor System Market The growing adoption of automation in manufacturing and logistics sectors boost the necessity for conveyor systems which is driving the growth of Conveyor System Market. For example, Amazon, a pioneer in e-commerce, heavily relies on conveyor systems for its fulfillment centers, where automated sorting and transportation of packages streamline operations and enhance productivity. The exponential growth of the e-commerce industry necessitates conveyor systems to handle the burgeoning volume of orders. Giants such as Alibaba and JD.com leverage conveyor systems in their warehouses to expedite the movement of goods, ensuring prompt order fulfillment and customer satisfaction amidst the surge in online shopping trends. Rising concerns about workplace safety have led to the integration of safety features in conveyor systems, as seen in solutions offered by companies like Honeywell Intelligrated. These safety mechanisms, such as sensors and emergency stop buttons, not only enhance worker protection but also mitigate the risk of accidents in industrial settings. Additionally, the focus on sustainability drives the adoption of eco-friendly conveyor systems equipped with energy-efficient features. Swisslog's EcoDrive technology, for instance, optimizes motor speed based on load requirements, reducing energy consumption and supporting sustainability goals while minimizing operational costs for users. These factors collectively contribute to the robust growth of the conveyor system market, catering to diverse industry needs and driving innovation in material handling solutions.Regulatory Concerns and Safety Issues hindering the growth of Conveyor System Market High initial investment requirements act as a significant deterrent, particularly for smaller companies, as implementing automated conveyor systems entails substantial costs encompassing equipment procurement, installation, and integration hindering the growth of Conveyor System Market. Many potential buyers are dissuaded from adopting conveyor systems, thereby limiting market growth. Ongoing maintenance costs add to the total cost of ownership, influencing businesses' decision-making processes. Components such as belts, motors, and bearings require regular servicing or replacement, and failure to address maintenance needs can result in costly downtime, further exacerbating financial burdens on businesses. The rapid advancements in conveyor system technology present a challenge for Conveyor System Market players, necessitating expertise and investment for the integration of new features like automation, IoT connectivity, or AI-driven optimization. For example, implementing RFID technology for real-time tracking of goods enhances operational efficiency but requires careful consideration of potential disruptions and staff training needs. Space constraints in industrial facilities also hinder the adoption of conveyor systems, particularly in environments with limited floor space. This limitation becomes more pronounced in urban areas with high real estate prices, prompting companies to explore alternative material handling solutions that utilize vertical space or have a smaller footprint.
IoT Solutions for Resolving Common Industrial Conveyor Belt Problems
Common Industrial Conveyor Belt Problems Solutions with IoT Technology 1. Conveyor Belt Mistracing Implement IoT sensors to detect abnormalities in speed, tension, and temperature patterns, providing real-time alerts to maintenance teams. Automated adjustments ensure smooth operations and preventive measures, reducing downtime and loss of man-hours. 2. Belt Slippage Utilize IoT-based smart cameras to detect material spillage and notify teams in real-time, reducing safety hazards, product loss, and maintenance costs. 3. Material Spillage Employ IoT vibration sensors, infrared cameras, and ultrasonic sensors to identify irregularities in roller operation and notify maintenance teams in advance, reducing downtime and ensuring personnel safety. 4. Seized Rollers in Conveyor Belt Implement IoT sensors to monitor material flow and belt tension in real-time, providing alerts to teams and reducing downtime and maintenance costs associated with blockages. 5. Blockages Utilize IoT-based predictive maintenance to identify unusual patterns and potential causes of belt mistracking, triggering proactive measures to prevent further damage and ensure smooth operation. Conveyor System Market Segment Analysis
Based on Type, Belt Conveyors dominated the Conveyor System Market, being versatile and widely applicable, it finds extensive adoption across various industries for transporting goods horizontally or with inclines. Gravity Conveyors, with their simplicity and cost-effectiveness, are commonly utilized for manual material handling tasks like loading and unloading. Motorized Driven Roller (MDR) Conveyors are gaining traction due to their energy efficiency and flexibility, suitable for applications requiring precise control over product movement. Sortation Conveyors are essential for automated sorting processes in distribution centers and warehouses, enhancing efficiency and order accuracy. Accumulation Conveyors enable buffering and spacing of products in assembly lines or distribution facilities, optimizing throughput. Overhead Trolley Conveyor Systems are favored for overhead transportation in manufacturing and assembly environments, while Pick and Pass Conveyors streamline order picking operations in e-commerce fulfillment centers. Empty Corrugate Conveyor (ECC) Systems specialize in handling empty cardboard boxes, improving recycling processes and warehouse space utilization. Each type offers distinct advantages tailored to specific applications, contributing to the overall growth and innovation within the Conveyor System Market.Asia Pacific dominated the Conveyor System Market in 2023 as the largest Conveyor System producing region driven by countries like China, Japan, and India. China, being a manufacturing powerhouse, contributes significantly to the global conveyor system market with its robust production capabilities and extensive industrial infrastructure. Japan's advanced technology and focus on automation further bolster the region's production output. North America emerges as a prominent large utilizing region, particularly the United States and Canada. With a mature industrial sector and high adoption of automation in various industries such as automotive, e-commerce, and food processing, North America constitutes a significant market for conveyor systems. Regional import-export data also reflects interesting trends, with countries like Germany serving as major exporters of conveyor systems due to their advanced manufacturing technology and engineering expertise. Conversely, emerging economies in Asia, such as Vietnam and Indonesia, witness a surge in conveyor system imports to support their growing manufacturing sectors. These regional dynamics underscore the global interconnectedness of the conveyor system market, with production hotspots, utilization hubs, and trade flows shaping industry growth and innovation in real time.
Conveyor System Market Regional Insights
Conveyor System Market Scope: Inquire before Buying
Global Conveyor System Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 9.88 Bn. Forecast Period 2024 to 2030 CAGR: 4.20% Market Size in 2030: US $ 13.18 Bn. Segments Covered: By Type Gravity Conveyors Belt Conveyors Motorized Driven Roller (MDR) Conveyors Sortation Conveyors Accumulation Conveyor Overhead Trolley Conveyor System Pick and Pass Conveyor Empty Corrugate Conveyor (ECC) Systems By End-Use Industry Automotive Food & Beverage Manufacturing Airport Mining & Quarrying Others Conveyor System Market, By Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and the Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and the Rest of APAC) South America (Brazil, Argentina Rest of South America) Middle East & Africa (South Africa, GCC, Egypt, Nigeria and the Rest of ME&A)Conveyor System Market Key Players
Major Contributors in the Conveyor System Industry in North America: 1. Flexicon Corporation-United States, Pennsylvania 2. Kaufman Engineered Systems-United States, Ohio 3. A&E Conveyor Systems Company-United States, Georgia 4. American Conveyor Systems-United States, Pennsylvania 5. Eaglestone-United States, Illinois Leading players in the Europe Conveyor System Market: 1. FlexLink Systems, Inc.-Sweden 2. Berndorf Band Group-Austria 3. Bosch Rexroth-Germany 4. Innova Maquinaria Industrial-Spain 5. Millutensil S.r.l.-Italy Key players driving the Asia-Pacific Conveyor System Market: 1. Daifuku Co., Ltd.-Japan 2. Chain We Machinery Co., LTD-Taiwan 3. Yidu Huaxun Intelligent Conveyor Co.,Ltd-China 4. OYABE SEIKI CO., LTD-JapanFrequently Asked Questions:
1] What is the growth rate of the Global Conveyor System Market? Ans. The Global Conveyor System Market is growing at a significant rate of 4.20 % during the forecast period. 2] Which region is expected to dominate the Global Conveyor System Market? Ans. North America is expected to dominate the Conveyor System Market during the forecast period. 3] What is the expected Global Conveyor System Market size by 2030? Ans. The Conveyor System Market size is expected to reach USD 13.18 Billion by 2030.
1. Conveyor System Market: Research Methodology 2. Conveyor System Market Introduction 2.1. Study Assumption and Market Definition 2.2. Scope of the Study 2.3. Executive Summary 3. Global Conveyor System Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.3.1. Company Name 3.3.2. Service Segment 3.3.3. End-Use Industry Segment 3.3.4. Revenue (2023) 3.3.5. Company Locations 3.4. Leading Conveyor System Market Companies, by Market Capitalization 3.5. Market Structure 3.5.1. Market Leaders 3.5.2. Market Followers 3.5.3. Emerging Players 3.6. Mergers and Acquisitions Details 4. Conveyor System Market: Dynamics 4.1. Conveyor System Market Trends by Region 4.1.1. North America Conveyor System Market Trends 4.1.2. Europe Conveyor System Market Trends 4.1.3. Asia Pacific Conveyor System Market Trends 4.1.4. Middle East and Africa Conveyor System Market Trends 4.1.5. South America Conveyor System Market Trends 4.2. Conveyor System Market Dynamics by Region 4.2.1. North America 4.2.1.1. North America Conveyor System Market Drivers 4.2.1.2. North America Conveyor System Market Restraints 4.2.1.3. North America Conveyor System Market Opportunities 4.2.1.4. North America Conveyor System Market Challenges 4.2.2. Europe 4.2.2.1. Europe Conveyor System Market Drivers 4.2.2.2. Europe Conveyor System Market Restraints 4.2.2.3. Europe Conveyor System Market Opportunities 4.2.2.4. Europe Conveyor System Market Challenges 4.2.3. Asia Pacific 4.2.3.1. Asia Pacific Conveyor System Market Drivers 4.2.3.2. Asia Pacific Conveyor System Market Restraints 4.2.3.3. Asia Pacific Conveyor System Market Opportunities 4.2.3.4. Asia Pacific Conveyor System Market Challenges 4.2.4. Middle East and Africa 4.2.4.1. Middle East and Africa Conveyor System Market Drivers 4.2.4.2. Middle East and Africa Conveyor System Market Restraints 4.2.4.3. Middle East and Africa Conveyor System Market Opportunities 4.2.4.4. Middle East and Africa Conveyor System Market Challenges 4.2.5. South America 4.2.5.1. South America Conveyor System Market Drivers 4.2.5.2. South America Conveyor System Market Restraints 4.2.5.3. South America Conveyor System Market Opportunities 4.2.5.4. South America Conveyor System Market Challenges 4.3. PORTER’s Five Forces Analysis 4.4. PESTLE Analysis 4.5. Type Roadmap 4.6. Regulatory Landscape by Region 4.6.1. North America 4.6.2. Europe 4.6.3. Asia Pacific 4.6.4. Middle East and Africa 4.6.5. South America 5. Conveyor System Market: Global Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030) 5.1. Conveyor System Market Size and Forecast, By Type (2023-2030) 5.1.1. Gravity Conveyors 5.1.2. Belt Conveyors 5.1.3. Motorized Driven Roller (MDR) Conveyors 5.1.4. Sortation Conveyors 5.1.5. Accumulation Conveyor 5.1.6. Overhead Trolley Conveyor System 5.1.7. Pick and Pass Conveyor 5.1.8. Empty Corrugate Conveyor (ECC) Systems 5.2. Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 5.2.1. Automotive 5.2.2. Food & Beverage Manufacturing 5.2.3. Airport 5.2.4. Mining & Quarrying 5.2.5. Others 5.3. Conveyor System Market Size and Forecast, by Region (2023-2030) 5.3.1. North America 5.3.2. Europe 5.3.3. Asia Pacific 5.3.4. Middle East and Africa 5.3.5. South America 6. North America Conveyor System Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030) 6.1. North America Conveyor System Market Size and Forecast, By Type (2023-2030) 6.1.1. Gravity Conveyors 6.1.2. Belt Conveyors 6.1.3. Motorized Driven Roller (MDR) Conveyors 6.1.4. Sortation Conveyors 6.1.5. Accumulation Conveyor 6.1.6. Overhead Trolley Conveyor System 6.1.7. Pick and Pass Conveyor 6.1.8. Empty Corrugate Conveyor (ECC) Systems 6.2. North America Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 6.2.1. Automotive 6.2.2. Food & Beverage Manufacturing 6.2.3. Airport 6.2.4. Mining & Quarrying 6.2.5. Others 6.3. North America Conveyor System Market Size and Forecast, by Country (2023-2030) 6.3.1. United States 6.3.1.1. United States Conveyor System Market Size and Forecast, By Type (2023-2030) 6.3.1.1.1. Gravity Conveyors 6.3.1.1.2. Belt Conveyors 6.3.1.1.3. Motorized Driven Roller (MDR) Conveyors 6.3.1.1.4. Sortation Conveyors 6.3.1.1.5. Accumulation Conveyor 6.3.1.1.6. Overhead Trolley Conveyor System 6.3.1.1.7. Pick and Pass Conveyor 6.3.1.1.8. Empty Corrugate Conveyor (ECC) Systems 6.3.1.2. United States Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 6.3.1.2.1. Automotive 6.3.1.2.2. Food & Beverage Manufacturing 6.3.1.2.3. Airport 6.3.1.2.4. Mining & Quarrying 6.3.1.2.5. Others 6.3.2. Canada 6.3.2.1. Canada Conveyor System Market Size and Forecast, By Type (2023-2030) 6.3.2.1.1. Gravity Conveyors 6.3.2.1.2. Belt Conveyors 6.3.2.1.3. Motorized Driven Roller (MDR) Conveyors 6.3.2.1.4. Sortation Conveyors 6.3.2.1.5. Accumulation Conveyor 6.3.2.1.6. Overhead Trolley Conveyor System 6.3.2.1.7. Pick and Pass Conveyor 6.3.2.1.8. Empty Corrugate Conveyor (ECC) Systems 6.3.2.2. Canada Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 6.3.2.2.1. Automotive 6.3.2.2.2. Food & Beverage Manufacturing 6.3.2.2.3. Airport 6.3.2.2.4. Mining & Quarrying 6.3.2.2.5. Others 6.3.3. Mexico 6.3.3.1. Mexico Conveyor System Market Size and Forecast, By Type (2023-2030) 6.3.3.1.1. Gravity Conveyors 6.3.3.1.2. Belt Conveyors 6.3.3.1.3. Motorized Driven Roller (MDR) Conveyors 6.3.3.1.4. Sortation Conveyors 6.3.3.1.5. Accumulation Conveyor 6.3.3.1.6. Overhead Trolley Conveyor System 6.3.3.1.7. Pick and Pass Conveyor 6.3.3.1.8. Empty Corrugate Conveyor (ECC) Systems 6.3.3.2. Mexico Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 6.3.3.2.1. Automotive 6.3.3.2.2. Food & Beverage Manufacturing 6.3.3.2.3. Airport 6.3.3.2.4. Mining & Quarrying 6.3.3.2.5. Others 7. Europe Conveyor System Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030) 7.1. Europe Conveyor System Market Size and Forecast, By Type (2023-2030) 7.2. Europe Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3. Europe Conveyor System Market Size and Forecast, by Country (2023-2030) 7.3.1. United Kingdom 7.3.1.1. United Kingdom Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.1.2. United Kingdom Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.2. France 7.3.2.1. France Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.2.2. France Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.3. Germany 7.3.3.1. Germany Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.3.2. Germany Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.4. Italy 7.3.4.1. Italy Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.4.2. Italy Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.5. Spain 7.3.5.1. Spain Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.5.2. Spain Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.6. Sweden 7.3.6.1. Sweden Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.6.2. Sweden Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.7. Austria 7.3.7.1. Austria Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.7.2. Austria Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 7.3.8. Rest of Europe 7.3.8.1. Rest of Europe Conveyor System Market Size and Forecast, By Type (2023-2030) 7.3.8.2. Rest of Europe Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8. Asia Pacific Conveyor System Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030) 8.1. Asia Pacific Conveyor System Market Size and Forecast, By Type (2023-2030) 8.2. Asia Pacific Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3. Asia Pacific Conveyor System Market Size and Forecast, by Country (2023-2030) 8.3.1. China 8.3.1.1. China Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.1.2. China Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.2. S Korea 8.3.2.1. S Korea Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.2.2. S Korea Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.3. Japan 8.3.3.1. Japan Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.3.2. Japan Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.4. India 8.3.4.1. India Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.4.2. India Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.5. Australia 8.3.5.1. Australia Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.5.2. Australia Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.6. Indonesia 8.3.6.1. Indonesia Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.6.2. Indonesia Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.7. Malaysia 8.3.7.1. Malaysia Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.7.2. Malaysia Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.8. Vietnam 8.3.8.1. Vietnam Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.8.2. Vietnam Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.9. Taiwan 8.3.9.1. Taiwan Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.9.2. Taiwan Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 8.3.10. Rest of Asia Pacific 8.3.10.1. Rest of Asia Pacific Conveyor System Market Size and Forecast, By Type (2023-2030) 8.3.10.2. Rest of Asia Pacific Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 9. Middle East and Africa Conveyor System Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030 9.1. Middle East and Africa Conveyor System Market Size and Forecast, By Type (2023-2030) 9.2. Middle East and Africa Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 9.3. Middle East and Africa Conveyor System Market Size and Forecast, by Country (2023-2030) 9.3.1. South Africa 9.3.1.1. South Africa Conveyor System Market Size and Forecast, By Type (2023-2030) 9.3.1.2. South Africa Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 9.3.2. GCC 9.3.2.1. GCC Conveyor System Market Size and Forecast, By Type (2023-2030) 9.3.2.2. GCC Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 9.3.3. Nigeria 9.3.3.1. Nigeria Conveyor System Market Size and Forecast, By Type (2023-2030) 9.3.3.2. Nigeria Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 9.3.4. Rest of ME&A 9.3.4.1. Rest of ME&A Conveyor System Market Size and Forecast, By Type (2023-2030) 9.3.4.2. Rest of ME&A Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 10. South America Conveyor System Market Size and Forecast by Segmentation (by Value in USD Million and Volume in Units) (2023-2030 10.1. South America Conveyor System Market Size and Forecast, By Type (2023-2030) 10.2. South America Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 10.3. South America Conveyor System Market Size and Forecast, by Country (2023-2030) 10.3.1. Brazil 10.3.1.1. Brazil Conveyor System Market Size and Forecast, By Type (2023-2030) 10.3.1.2. Brazil Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 10.3.2. Argentina 10.3.2.1. Argentina Conveyor System Market Size and Forecast, By Type (2023-2030) 10.3.2.2. Argentina Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 10.3.3. Rest Of South America 10.3.3.1. Rest Of South America Conveyor System Market Size and Forecast, By Type (2023-2030) 10.3.3.2. Rest Of South America Conveyor System Market Size and Forecast, By End-Use Industry (2023-2030) 11. Company Profile: Key Players 11.1. Flexicon Corporation-United States, Pennsylvania 11.1.1. Company Overview 11.1.2. Business Portfolio 11.1.3. Financial Overview 11.1.4. SWOT Analysis 11.1.5. Strategic Analysis 11.1.6. Scale of Operation (Small, Medium, and Large) 11.1.7. Details on Partnership 11.1.8. Regulatory Accreditations and Certifications Received by Them 11.1.9. Awards Received by the Firm 11.1.10. Recent Developments 11.2. Kaufman Engineered Systems-United States, Ohio 11.3. A&E Conveyor Systems Company-United States, Georgia 11.4. American Conveyor Systems-United States, Pennsylvania 11.5. Eaglestone-United States, Illinois 11.6. FlexLink Systems, Inc.-Sweden 11.7. Berndorf Band Group-Austria 11.8. Bosch Rexroth-Germany 11.9. Innova Maquinaria Industrial-Spain 11.10. Millutensil S.r.l.-Italy 11.11. Daifuku Co., Ltd.-Japan 11.12. Chain We Machinery Co., LTD-Taiwan 11.13. Yidu Huaxun Intelligent Conveyor Co.,Ltd-China 11.14. OYABE SEIKI CO., LTD-Japan 12. Key Findings 13. Industry Recommendations