Press release
2020 Prediction for Conveyor System Market: Key Players and Driving Factors Analysis
conveyor system market
The top players in the global conveyor systems market account for more than 50% of the total shares. The competition is expected to become more intense as regional players will up the ante to increase their shares. Some of the key players in the global conveyor systems market are Murata Machinery Ltd., Daifuku Co. Ltd, Dematic Group, and Schaefer Systems International Inc.
The global conveyor systems market was valued at US$4.6 bn in 2016 and is expected to grow at a CAGR of 3.5% during the forecast period from 2017 to 2025. The market is projected to reach US$6.31 bn by 2025. Such positive factors will aide growth in the market in the coming years.
Europe is expected to remain the most dominating region in the global conveyor systems market. At the same time, analysts predict that the Asia Pacific region will grow at a never-like-before pace in the coming years. Among the various types, belt type conveyor systems will hold the highest share in the market.
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Safe Working Environment Calls for Installation of Conveyor Systems in Industries
Conveyor systems are used to move products across a manufacturing process. While handling large volumes of goods, laborers might struggle to move them from one place to another. On the other hand, many manufacturing industries handle heavy products. Conveyor systems could be the ideal product to help improve the manufacturing process’ efficiency and speed. It also helps provide safety to the laborers. These aspects are favoring growth in the global conveyor systems market.
Another area where conveyor belts find applications is airports. The number of people opting for air travel is increasing year after another. This has pushed governments across the world to expand airports to meet the growing passenger footfall. This also calls for more number of conveyor systems to improve speed of baggage collection for arriving passengers. This is another positive trend for the global conveyor systems market’s expansion.
High Cost of the Product Could Impede Growth
Conveyor systems are expensive. Not only that, their installation is a humungous task for manufacturers. The cost of installation is also expensive. Hence, it is almost impossible for small and medium scale industries to facilitate installing conveyor systems. This could impede growth in the global conveyor systems market.
However, many manufacturers have realized that there is enough demand from small and medium scale industries to improve their manufacturing efficiency. To suit their demands, companies in the global conveyor systems market are working on developing small scale conveyor systems that are budget-friendly and easy to operate.
The study presented here is based on a Transparency Market Research report titled “Conveyor System Market (Conveyor Type – Roller Conveyor, Belt Conveyor, Pallet Conveyor, and Over-head Conveyor; End User – Food Processing, Automotive, Retail Sector, Airport, and Healthcare; Distribution Channel – Online Distribution Channel and Direct Distribution Channel) – Global Industry Analysis, Trend, Size, Share and Forecast 2017 – 2025.”
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The global conveyor systems market is segmented as
Conveyor Type
Roller Conveyor
Online Distribution Channel
Direct Distribution Channel
Belt Conveyor
Online Distribution Channel
Direct Distribution Channel
Pallet Conveyor
Online Distribution Channel
Direct Distribution Channel
Over-head Conveyor
Online Distribution Channel
Direct Distribution Channel
Others
Online Distribution Channel
Direct Distribution Channel
End User
Food Processing
Automotive
Retail Sector
Airport
Healthcare
Others
Distribution Channel
Online Distribution Channel
Direct Distribution Channel
Geography
North America
The U.S.
Mexico
Canada
Europe
The U.K
Germany
France
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Taiwan
South Korea
Rest of Asia Pacific
Middle East and Africa
United Arab Emirates
Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
Customization of the Report: This report can be customized as per your needs for additional data or countries. – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=15491
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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
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