The global conveyor system market was worth US$4697.1 mn in 2016 and is expected to reach US$6312.5 mn by 2025, surging at a CAGR of 3.5% between the forecast period of 2017 and 2025.

Albany, NY -- (SBWire) -- 04/06/2018 --Global Conveyor System Market: Snapshot

Increasing demand for quick production turnover and handling larger volume by various industrial and manufacturing industries across the globe is anticipated to trigger the demand for adoption of industrial automations. Conveyor systems forms an integral part of the material handling system that are involved across different industrial processes. Rapid industrial growth, modernization and expansion of industries and achieving higher operational efficiency are some of the major factors that are anticipated to boost the adoption rate of conveyor system across different industrial sectors especially in food processing sector and retail sector. Conveyor system helps to simplify the task of bulk material handling and plays an important role by minimizing and reducing the chances of human errors. In addition, increasing demand for conveyor system across various storage, warehouse, manufacturing and distribution sectors is another important factor anticipated to accelerate the market growth of conveyor system during the forecast period from 2017 to 2025 in order to enhance supply chain automation and to remain competitive by integrating latest automation technology.

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OBJECTIVES:

To classify the global conveyor system market into segments by Components, Type of Plant, Generation, Connection, Location, Application, Region and analyze their growth prospects individually.

To analyze market trends, opportunities, drivers and restraints associated with the power generation market.
Profiling key companies operating in the global captive power generation market.

To study market response with respect to the mergers and acquisitions in the industry.

The global conveyor system market has been segmented as follows:

Global Conveyor System Market, by 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

Global Conveyor System Market, by End User

Food Processing
Automotive
Retail Sector
Airport
Healthcare
Others

Global Conveyor System Market, by Distribution Channel

Online Distribution Channel
Direct Distribution Channel

Global Conveyor System Market, by 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

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Belt Conveyors to Lead the Pack as their Demand in Various Industrial Sectors Remains High

Different types of conveyor system that are majorly used across various industrial sectors includes roller conveyor, belt conveyor, pallet conveyor, over-head conveyor and others. Wheel conveyor, bucket conveyor, screw conveyor and vibrating conveyor is included within the others segment. In terms of revenue, among the different types of conveyor system available in the market, belt conveyor system held the largest market share in 2016 and is anticipated to maintain its dominance throughout the forecast period from 2017 to 2025. Extensive utilization of belt conveyor across various end user segments including packing lines, dry areas in various food and pharmaceutical industries is the most important factor behind this segments dominance.

Conveyor system also finds its applications across various end user segments including food processing, automotive, retail sector, airport and healthcare among others. On the other hand, based on application of conveyor system across various end user segment, the conveyor system market both in terms of revenue and volume is anticipated to be majorly driven by food processing sector across the globe in the coming years. Technologically advanced and diverse conveyor systems are used extensively across various food processing industry in order to meet the need of specific edible products.

Europe to Remain Dominant in the Global Conveyor Systems Market

On the basis of geography, the global conveyor systems market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. In 2016, Europe held the dominating market share of the conveyor system market in terms of revenue. This regional market is projected to rise at a CAGR of 2.7% over the forecast period. On the flip side, Asia Pacific region is expected to experience the most promising growth in the coming years. Increasing number of manufacturing facilities combined with the rising demand for automation and efficiency from various manufacturing sector is the primary factor responsible for the robust growth of the conveyor system market in Asia Pacific region.

The global conveyor system market is highly competitive in nature with the presence of large number of conveyor system manufacturers. Some of the major players operating in the conveyor system market includes Daifuku Co. Ltd. (Japan), Schaefer Systems International Inc., Dematic Group and Murata Machinery Ltd. among others.