Conveyor Systems Market Overview:
Conveyor Systems Market was valued at $5,665 million, and is expected to reach $7,573 million by 2022, supported by a CAGR of 4.3%. Conveyor systems, a mechanical handling equipment, has gained significant demand from industrial sector in recent past for process automation. Its ability to carry heavy and bulk material finds usage in several industries such as retail, food & beverage, automotive. Moreover, conveyer systems are customized according to the industry needs.
Factors such as growing industrialization, need of automation to reduce manufacturing costs and waste and improve the production efficiency moving them towards adoption of conveyor systems. The industry players focus on lean manufacturing techniques to optimize the production process. Emerging markets such as China, India, and Brazil are potential markets. However, high cost of installation could restrain the market growth. However, the development of environment friendly and cost-effective conveyor systems would create market opportunities.
Global conveyor systems market is segmented based on type, industry vertical, and geography. Based on type, it is sub-segmented into belt, roller, pallet, overhead, and other conveyors. By industry vertical, the market is categorized into retail, automotive, airport, and food & beverages industries. Geographically, the market is divided into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA).
Top Winning Strategies
The top winning strategies in global conveyor systems market are analyzed on a throughout study of the leading players. Analysis of the recent developments of various companies aided in understanding their growth strategies and their effect on the market. Key market players were evaluated based on their published annual reports, SEC filings and press releases. The key strategies traced from the analysis, are explained in the graph.
Market players have adopted different strategies such as contract/agreement, product launch, partnership, expansion, and acquisition.
Contract/agreement: The industry players provide solutions as per signed agreements to install conveyor systems for improvement of existing facilities.
Product launch: The new and innovative products in the market have improved speed capability, flexibility material transportation.
Acquisition: Renowned groups such as Dematic Group and Swisslog have adopted acquisition as their strategy to improve their market share.
Partnership: Many industry players have entered into partnership with regional distributors to increase their geographic reach and boost their finances.
Belt conveyor is the most common type of conveyor system finding applications in variety of fields ranging from automotive to food industries. Manufacturers have developed different types of conveyor systems to meet specific demands from the customers. Some of the popular belt conveyors include flatbed belt conveyors, elevator belt conveyors, packing belt conveyors, variable speed conveyors among others. Belt conveyors find the widespread demand in the market owing to their benefits in conveying variety of goods of regular or irregular shaped, light or heavy weight, large or small products. Industry players have focused on developing reliable, tough, and cost-effective systems in this category.
Key players profiled in the report include 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. These players are adopting contract/agreement strategies to increase their customer base and improve the market share. Major players operating the market include Daifuku Co., Ltd., Dematic Group S.à r.l., Interroll Holding Ltd. and Taikisha Ltd. The market players invest heavily on research and development to design and manufacture the emerging needs of the customers. The players have designed modular conveyors to meet the demand for flexibility of the customers.
Other players in the value chain include Caterpillar Inc., Dorner Mfg. Corp., Eisenmann Corporation, Fives Group, FlexLink, Mahindra Conveyor Systems, Murata Machinery, Ltd., Redler Limited, RUD, Shuttleworth, LLC., Terratec, Ammeraal Beltech Holding BV, Chiorino S.p.A., Hytrol Conveyor Company, Inc., Intelligrated Inc., Kardex Group, Bastian Solutions, LLC, System Spa, Egemin Group NV, and Dearborn Mid-West Company.
- This report provides an in-depth analysis of the global conveyor systems market to elucidate the potential investment pockets.
- The current trends and future scenarios are outlined to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market.
- This report provides detailed impact analysis and information on key drivers, restraints, and opportunities.
- Quantitative analysis of the current market trends and projected estimations for 2014‐2022 have been provided to indicate the financial competency.
- Porter’s Five Forces Model of the industry illustrate the potency of the buyers and suppliers.
- Value chain analysis provides a clear understanding on the roles of the stakeholders involved.
Conveyor Systems Market Key Segments:
Global conveyor systems market is segmented based on type, industry vertical and geography.
Market by Type
- Others (Floor, Crescent, Tri-planer)
Market by Industry Verticals
- Food and Beverages
Market by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East
Market Players in Value Chain
- 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
- Caterpillar Inc.
- Dorner Mfg. Corp.
- Eisenmann Corporation
- Fives Group
- Mahindra Conveyor Systems
- Murata Machinery, Ltd.
- Redler Limited
- Shuttleworth, LLC.
- Ammeraal Beltech Holding BV
- Chiorino S.p.A.
- Hytrol Conveyor Company, Inc.
- Intelligrated Inc.
- Kardex Group
- Bastian Solutions, LLC
- System Spa
- Egemin Group NV
- Dearborn Mid-West Company