Rising Supply Chain Automation and Lean Logistics Present Opportunities

DUBLIN, October 6, 2022 /PRNewswire/ — The “Conveyor Systems Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronics, Mining & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket, Others) Component, Operation, and Region – Global Forecast to 2025″ report has been added to from ResearchAndMarkets.com offer.


The global conveyor systems market size is expected to reach $12.7 billion by 2027, from an estimated value of $9.4 billion in 2022 at a CAGR of 6.0%. Increased adoption of automated and customized material handling solutions based on niche specifications across various end-use industries and growing demand for handling larger volumes of goods are the driving factors expected to boost the market for material handling systems. conveyors. Steady investments in R&D by conveyor system manufacturers, accompanied by a growing supply chain network, will fuel the demand for conveyor solutions during the forecast period.

By sector, retail and distribution is expected to be the largest market due to the increase in e-commerce

The retail and distribution industry has grown in recent years for a variety of reasons, such as the increase in online shopping, changing lifestyles, increasing working population, and the relaxation of government regulations, such as FDI. These factors fueled the growth of supermarket/hypermarket chains and distribution centers. Similar trends are seen in emerging countries where the retail industry is growing and creating new avenues for supermarket/hypermarket giants, mainly due to the increased adoption of e-commerce platforms. According to the United Nations Industrial Development Organization, consumption of goods in developed countries is expected to increase by around $30 trillion by 2025. This is expected to increase the penetration of industrial automation and the requirement for efficient material handling systems.

By Type, Belt Conveyor is expected to be the largest market and one of the fastest growing markets over the forecast period

Belt conveyors can handle higher capacities at a significantly lower cost per ton-mile and cover longer distances easily and economically than other conveyors. The belt conveyor can be used for special purposes such as fire resistance, wear resistance, corrosion resistance and high angle negotiation and integrated with other equipment. It can be used in combination with other conveyors in various industries, such as retail, food and beverage, and airports. Due to its flexibility and usage in various industries, the demand for belt conveyors is estimated to be highest during the forecast period.

Asia Pacific is expected to be the fastest growing market over the forecast period.

The growth of the market in Aisa Pacific is aided by the growing demand for conveyors in industries such as manufacturing, automotive and e-commerce. Manufacturing is one of Asia Pacific important economic pillars and is undergoing rapid transition. Low-cost manufacturing companies, such as automotive and electronics manufacturers, would turn to South East Asia to reduce costs, which should improve conveyor utilization. Natural resources and their acquisition offer significant market opportunities for conveyors in the region, which automate process flows. The vast landscape provides new opportunities for logistics companies to introduce conveyors to facilitate the transition of materials. Conveyors and sorting systems are in high demand in the airport, post and parcel and warehousing industries. In addition, the manufacturing industry has seen an increase in demand for an integrated automatic sorting system on the conveyor belt, which reduces the error rate and thus improves the overall efficiency of the general warehouse logistics module, removing any associated supervision and loss.

Market dynamics

Drivers

  • Increased adoption of automation processes across various end-use industries to improve operational efficiency
  • Growing demand for handling large volumes of goods
  • Increased demand from mining industries for material handling
  • Rapid growth in e-commerce

Constraints

  • Capital-intensive nature and higher initial cost
  • Increased use of automated guided vehicles and robotics
  • Need skilled labor for sales repair and maintenance

Opportunities

  • Increase supply chain automation and lean logistics management
  • Advanced conveyor systems
  • Green conveying

Challenges

  • Presence of national players in regional markets
  • Ensure safety and reduce accidents

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 Conveyor System Market, by Type

7 Conveyor Systems Market, By Operation

8 Conveyor Systems Market, By Component

9 Airport Industry Conveyor Systems Market, By Conveyor Type

10 Retail and Distribution Industry Conveyor Systems Market, By Conveyor Type

11 Mining Conveyor Systems Market, By Conveyor Type

12 Automotive Conveyor Systems Market, By Conveyor Type

13 Electronics Industry Conveyor Systems Market, By Conveyor Type

14 Food and Beverage Conveyor Systems Market, By Subsector

15 Conveyor System Market, by Region

16 Competitive Landscape

17 company profiles

18 Recommendations

19 Appendix

Companies cited

  • Bastien Solutions LLC
  • Beumer Group
  • Continental AG
  • Daifuku Co Ltd
  • Dematic
  • Dmw&H
  • Fives Group
  • Honeywell International Inc.
  • Interroll Holding AG
  • Invata Intralogistics
  • Kardex Group
  • Knapp AG
  • Metso Outotec Company
  • global mhs
  • Murata Machinery, Ltd.
  • Semperit SA Holding
  • Siemens AG
  • Ssi Schaefer
  • Swisslog Holding SA
  • Taikisha Ltd
  • Vanderlande Industries
  • Westfalia Technologies, Inc.

For more information on this report, visit https://www.researchandmarkets.com/r/n5gd1h

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SOURCE Research and Markets

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