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Conveyor System Market is Anticipated to Surpass US$ 10.3 Bn by 2030: Precedence Research

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The conveyor system market demand stood at US$ 7.2 billion in 2020 and is forecast to reach US$ 10.3 billion by 2030, growing at a healthy CAGR of 3.6% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company. The report contains 150+ pages with detailed analysis.

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Market Report Scope

Report Coverage Details
Market Size USD 10.3 Billion by 2030
Growth Rate CAGR of 3.6% from 2021 to 2030
Largest Market Europe
Fastest Growing Market APAC
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Industry, Region

Crucial factors accountable for market growth are:

  • Rapid industrialization in developing regions
  • Rising adoption of automation across different industries
  • Government policies to attract FDIs
  • Rapid growth of the e-commerce
  • Rising investments in the production of electric vehicles
  • Rising government investments for industrialization

Report Highlights

  • Based on type, the roller segment is estimated to be the fastest-growing segment during the forecast period. This can be attributed to the rising adoption of roller conveyors in warehouses and distribution centers of the e-commerce platforms. The rapid growth of the e-commerce segment is expected to drive the segment growth.
  • Based on the industry, the automotive segment is anticipated to be the most opportunistic segment. The rising popularity of the electric vehicles and rising emphasis on the development of eco-friendly transport solution is expected to foster the manufacturing of electric vehicles. This will foster the growth of the conveyor system.

Market Dynamics

Drivers

The conveyor system market is primarily driven by the rising adoption o automation across industries, development of efficient and latest conveyor systems, and rising need for handling large volume of goods. Further, the mining industry is significantly boosting the market growth owing to the extraction of metal and fuel in large volumes across the globe.

Restraints

A high investment is associated with the installation of conveyor systems in the operating facilities. The high capital investment may hinder the market growth especially in the developing and under developed economies that faces financial restrictions.

Opportunities

The introduction of latest technologies such as internet of things, IoT, sensors, and other smart features in the conveyor systems that can efficiently and safely handle large volume of goods is expected to drive the growth of the conveyor system market in the upcoming future.

Challenges

The rising adoption of robots in the industries is a major challenge to the conveyor system manufacturers. According to the International Federation of Robotics, approximately 2.7 million robots were employed in factories in 2020. This may substitute the use of conveyor system.

Regional Snapshots

Europe is the leading conveyor system market. The early adoption of automation technologies across various industries in Europe has significantly fostered the growth of the market. The rapidly growing tourism industry in Europe is fueling the demand for the conveyor system from the airport segment. The presence of top automotive companies in the region is expected to drive the growth of the market during the forecast period. The rising adoption of smart and innovative technologies in the manufacturing sector of Europe has increased the demand for the latest conveyor systems.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. Asia Pacific is characterized by rapid industrialization, presence of huge customer base, rising disposable income of the consumers, and rising popularity of automation in the industries. All these factors are encouraging the players from the different industries to invest in the region to set up manufacturing facilities. Therefore, industrialization of Asia Pacific is the major factor that is expected to boost the growth of the market.

Competition Landscape

In the final section of the research report, Precedence Research provided the global conveyor system market structure and a detailed competition landscape to provide a dashboard view of key players operating in the conveyor system market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the conveyor system market include:

  • Daifuku Co., Ltd.
  • Dematic Group
  • Emerson Electric Co.
  • Interroll Holding Ltd.
  • Siemens AG
  • Swisslog Holding AG
  • SSI Schäfer AG
  • Taikisha Ltd.
  • Vanderlande Industries
  • TGW Logistics Group Gmbh

Market Segmentation

By Type

  • Belt
  • Roller
  • Overhead
  • Pallet

By Industry

  • Airport
  • Retail
  • Automotive
  • Food & Beverages
  • Supply Chain & Logistics
  • Pharmaceuticals
  • Mining
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global conveyor system market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for conveyor system are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1317

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Conveyor System Market, By Product

7.1. Conveyor System Market, by Product Type, 2021-2030

7.1.1. Belt

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Roller

7.1.2.1. Market Revenue and Forecast (2019-2030)

7.1.3. Overhead

7.1.3.1. Market Revenue and Forecast (2019-2030)

7.1.4. Pallet

7.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Conveyor System Market, By Industry

8.1. Conveyor System Market, by Industry, 2021-2030

8.1.1. Airport

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Retail

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Automotive

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Food & Beverages

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Supply Chain & Logistics

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Pharmaceuticals

8.1.6.1. Market Revenue and Forecast (2019-2030)

8.1.7. Mining

8.1.7.1. Market Revenue and Forecast (2019-2030)

8.1.8. Others

8.1.8.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Conveyor System Market, Regional Estimates and Trend Forecast

9.1. North America

9.1.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.2. Market Revenue and Forecast, by Industry (2019-2030)

9.1.3. U.S.

9.1.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.1.4. Rest of North America

9.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.1.4.2. Market Revenue and Forecast, by Industry (2019-2030)

9.2. Europe

9.2.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.2. Market Revenue and Forecast, by Industry (2019-2030)

9.2.3. UK

9.2.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.2.4. Germany

9.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.4.2. Market Revenue and Forecast, by Industry (2019-2030)

9.2.5. France

9.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.5.2. Market Revenue and Forecast, by Industry (2019-2030)

9.2.6. Rest of Europe

9.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.2.6.2. Market Revenue and Forecast, by Industry (2019-2030)

9.3. APAC

9.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.3.3. India

9.3.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.3.4. China

9.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.4.2. Market Revenue and Forecast, by Industry (2019-2030)

9.3.5. Japan

9.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.5.2. Market Revenue and Forecast, by Industry (2019-2030)

9.3.6. Rest of APAC

9.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.3.6.2. Market Revenue and Forecast, by Industry (2019-2030)

9.4. MEA

9.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.2. Market Revenue and Forecast, by Industry (2019-2030)

9.4.3. GCC

9.4.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.4.4. North Africa

9.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.4.2. Market Revenue and Forecast, by Industry (2019-2030)

9.4.5. South Africa

9.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.5.2. Market Revenue and Forecast, by Industry (2019-2030)

9.4.6. Rest of MEA

9.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

9.4.6.2. Market Revenue and Forecast, by Industry (2019-2030)

9.5. Latin America

9.5.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.2. Market Revenue and Forecast, by Industry (2019-2030)

9.5.3. Brazil

9.5.3.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.3.2. Market Revenue and Forecast, by Industry (2019-2030)

9.5.4. Rest of LATAM

9.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

9.5.4.2. Market Revenue and Forecast, by Industry (2019-2030)

Chapter 10. Company Profiles

10.1. Daifuku Co., Ltd.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Dematic Group

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Emerson Electric Co.

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

10.4. Interroll Holding Ltd.

10.4.1. Company Overview

10.4.2. Product Offerings

10.4.3. Financial Performance

10.4.4. Recent Initiatives

10.5. Siemens AG

10.5.1. Company Overview

10.5.2. Product Offerings

10.5.3. Financial Performance

10.5.4. Recent Initiatives

10.6. Swisslog Holding AG

10.6.1. Company Overview

10.6.2. Product Offerings

10.6.3. Financial Performance

10.6.4. Recent Initiatives

10.7. SSI Schäfer AG

10.7.1. Company Overview

10.7.2. Product Offerings

10.7.3. Financial Performance

10.7.4. Recent Initiatives

10.8. Taikisha Ltd.

10.8.1. Company Overview

10.8.2. Product Offerings

10.8.3. Financial Performance

10.8.4. Recent Initiatives

10.9. Vanderlande Industries

10.9.1. Company Overview

10.9.2. Product Offerings

10.9.3. Financial Performance

10.9.4. Recent Initiatives

10.10. TGW Logistics Group Gmbh

10.10.1. Company Overview

10.10.2. Product Offerings

10.10.3. Financial Performance

10.10.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1317

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