The report of global conveyor system market by Conveyor System (Belt, Roller, Pallet, Overhead, Floor, Crescent, Tri-planar, Cable, Bucket) Location (In-Floor, On-Floor, Overhead) End Users (Warehouse & Distribution, Food & Beverage, Automotive, Electronics, Mining, Airport)and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ 10.35 Bn by 2026, at a CAGR of XX% during a forecast period.
Conveyor systems are required for continuous transport of items from one area to another in many commercial and industrial facilities, as it helps to reduce overall production time along with total labor costs significantly. Thus, manufacturers are focusing on full automation of the material handling and movement in the conveyor systems industry to make the manufacturing process more smooth and continuous.
Belt conveyor segment is expected to grow at the highest XX% CAGR during the forecast period.
Belt conveyors are strong and reliable components used in automated distribution and warehousing because of they are the most versatile and the less expensive. Products are transfer directly on the belt so both regular and irregular shaped objects, large or small, light and heavy, can be transported successfully. Belt conveyors are manufactured by using tapered rollers and curved belting to convey products around a corner. These conveyor systems are commonly used in postal categorization offices and airport baggage handling systems.
The Asia Pacific dominated the Global Conveyor System Market in 2018
The Asia Pacific region is expected to be the largest market for conveyor system in between 2019 to 2026. The growth can be attributed to the improving economic conditions in developing economies such as China, India, and Thailand. The fast growing population in countries such as China and India has increased the demand for industries such as food & beverage, e-commerce, and automotive are fueling the demand for conveyor systems in these industries.
Key players operating the global conveyor system market are Daifuku Co., Ltd., Dematic Group S.à r.l., Emerson Electric Co., Interroll Holding Ltd., Siemens AG, Swisslog Holding AG, SSI Schäfer AG, Taikisha Ltd., Vanderlande Industries, TGW Logistics Group Gmbh., Honeywell Intelligrated, Somi Conveyor Beltings, Phoenix Conveyor Belt Systems, Khare Group, Murata machinery Ltd, BEUMER Group GmbH & Co.KG, Caterpillar Inc., Dorner Mfg. Corp., Eisenmann Corporation, Fives Group, FlexLink, Mahindra Conveyor Systems, Redler Limited, RUD, Shuttleworth, LLC., Terratec, Ammeraal Beltech Holding BV, Chiorino S.p.A., Hytrol Conveyor Company,Inc., Intelligrated Inc., Kardex Group, Egemin Group NV, Dearborn Mid-West Company
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global conveyor system market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global conveyor system market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global conveyor system market positioning of competitors.
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