Portland, OR -- (SBWIRE) -- 03/07/2018 -- The global conveyor systems market was valued at around $12,500 million in 2016 and is expected to grow up to $13,225 million, growing at a CAGR of about 5.80% by 2022, according to Progressive Market's report, "Global Conveyor Systems Sales Market Report 2017".

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The report provides a thorough study of the conveyor sales industry, incorporating the market size, market share, market dynamics, market forecast, and market trends for the period, 2016-2022. It discusses the scope of the market, key segments, regional analysis, revenue comparison, manufacturers' profit analysis, cost analysis, marketing strategies, and the challenges in the market. This analysis is important for entry-level organizations, stakeholders, and business players as it helps gain a profound knowledge of the industry and turn their investments into profits. The report provides a detailed analysis of present market trends and forecasts, vital marketing strategies, and exclusive summary of the conveyor system market.

An executive summary of the global conveyor market is provided based on the latest trends, main attractions, and chronological assessment. The market drivers and challenges help evaluate the factors impacting the global conveyor systems industry. The study assesses the level of competition in the market and helps figure out various strategies to enhance business growth. The market share analysis assists in gauging how the players are performing as compared to their competitors.

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The report includes the drivers and challenges of the global conveyor system sales market. The market is growing due to advancements in big data analysis and increased efficiency of the machinery. As the conveyors reduce human involvement and hence human error, they are widely accepted in the transportation industry. A constant digitalization of information and processes, the introduction of the internet of things (IoT), and machine-to-machine communication and coordination are the prime factors contributing to the growth of the conveyor systems sales market. On the other hand, there are some factors which are restraining the growth of the market. They include economic fluctuations in China, U.S., and other key markets, recent market risks, reduction in cost, and commercialization.

The report includes the segmentation of global conveyor systems based on product type, application, and geography. Based on product type, the market is divided into roller conveyors, belt conveyors, overhead conveyors, and pallet conveyors. According to the report, belt conveyors were responsible for the maximum market share of more than 28% in 2016. Geographically, the report splits the conveyor systems market into regions such as North America, China, Europe, Japan, and South America. In 2016, a revenue of over $2,000 million was solely generated by China, and it is predicted that the country will give a return of more than $3,050 million by 2022. The in-depth analysis of the region-wise market growth plays an important part in determining the opportunities in the market. The report provides a clear growth comparison of the market based on its applications in automotive, food & beverages, engineering machinery, and retail. The global conveyor systems sales market revenue is expected to reach over $16,000 million by 2022.

The study offers a detailed analysis of the key market players in the global conveyor sales market. It includes a comprehensive analysis of each key player to identify new opportunities and investments in the market. In addition, financial & business segments and their recent developments are offered in the study. The key market players of the conveyor systems industry include Daifuku, Ssi Schaefer, Dematic Group, Bosch Rexroth, Caterpillar, Murata Machinery, Vanderlande, Swisslog, Hytrol, Buhler Group, Shuttleworth, Siemens, BEUMER Group, Eisenmann, Emerson, Flexlink, Interroll, and Dorner Conveyors.