Posted By Uma Rajagopal
Posted on November 30, 2021
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Conveyor Belts market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Conveyor Belts
The report offers actionable and valuable market insights of Conveyor Belts. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Conveyor Belts Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4779
This newly published and insightful report sheds light on Market Insights of Conveyor Belts, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Conveyor Belts Market.
The global conveyor system market was valued at ~US$ 12.1 Bn in 2019 and is anticipated to surpass US$ 12.9 Bn during the forecast period 2020-2030. The market is slated on a course of sluggish growth at 2.9%. The manufacturing sector has witnessed a paradigm shift with the implementation of Industry 4.0 technologies across various industrial sectors.
With the growing trend of automation, manufacturing units have implemented Industry 4.0 standards to reduce machine downtime, reduce labor inefficiencies, enhance production, reduce ROI (return on investment), and more importantly achieve high quality manufacturing.
The COVID-19 crisis has caused unprecedented uncertainty, leading to a major slowdown. The manufacturing of automobiles, industrial equipment and food & beverages has come to a standstill due to stringent lockdowns imposed by governments. Despite this panic buying by consumers is coaxing manufacturers to increase their warehouse space, which is expected to accelerate demand for conveyor systems.
Key Takeaways of Conveyor System Market Study:
- The global conveyor system market is projected to create an absolute $ opportunity of more than ~US$ 3.1 Bn and is anticipated to grow at a value CAGR of 2.9% during the forecast period.
- By product, conveyor belts are projected to grow at a value CAGR of 2.7%, and will be valued 1.6X more than roller conveyors by the end of 2020.
- East Asia is expected to emerge as the fastest growing conveyor system market and is projected to surpass a market valuation of ~US$ 2.6 Bn by the end of 2030.
- Packaging & Warehouse Distribution is projected to grow at a value CAGR of ~3.5% and is expected to create an absolute value opportunity of US$ 973.2 million.
“The demand for conveyor systems is likely to be impacted in the first three quarters of 2020, owing to slowdown of manufacturing and production amid the COVID-19 pandemic. The demand for conveyor system is currently resting on the growth of the e-commerce industry and consequent expansion of warehousing which is anticipated to boost growth of the market during forecast period” says the Fact.MR analyst.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4779
Strategic Acquisition to Expand Profit Pools of Key Players
Key players in the conveyor system market are Beumer Group, Schaefer Systems International Inc., Daifuku Co., Ltd, Interroll Holding AG, Mesto Corporation, Fives Group, Murata Machinery Ltd, Dematic Company, Durr Group, Allied Conveyor System, among others. Prominent manufacturers are focusing on acquiring companies to uphold their market share.
In October 2018, Honeywell international inc. acquired a privately held warehouse automation business transform group GmBH, a provider of engineered conveyor solutions, for approximately $ 466.8 million. In June 2017, Dorner Holding acquired SAUTEM, a supplier and designer of conveyor and labeling equipment based in Mexico.
Key Segments of the Conveyor System Market
Fact.MR’s study on the conveyor system market offers information divided into four key segments— product, operation, capacity type, end use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
- Belt Conveyor
- Roller Conveyor
- Pallet Conveyor
- Overhead Conveyor
- Tri-Planar Conveyor
- Crescent Conveyor
- Skid Conveyor
- Trailer Conveyor
- Others
Operation
- Manual
- Semi-Automatic
- Automatic
Capacity Type
- Unit Handling
- Bulk Handling
End Use
- Packaging & Warehouse Distribution
- Textile & Paper
- Construction & Mining
- Automotive & Transportation
- Consumer Electronics
- Food & Beverages
- Chemicals & Pharmaceuticals
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
- Oceania
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4779
Key Question answered in the survey of Conveyor Belts market report:
-
- Sales and Demand of Conveyor Belts
- Growth of Conveyor Belts Market
- Market Analysis of Conveyor Belts
- Market Insights of Conveyor Belts
- Key Drivers Impacting the Conveyor Belts market
- Which are the Key drivers impacted by Conveyor Belts market
- Restraints Shaping Market Growth
- Market Survey of Conveyor Belts
More Valuable Insights on Conveyor Belts Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Conveyor Belts, Sales and Demand of Conveyor Belts, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030
Firestop Sealants Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Centrifugal Chiller Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Conveyor Belts market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Conveyor Belts
The report offers actionable and valuable market insights of Conveyor Belts. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Conveyor Belts Market across various industries and regions.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4779
This newly published and insightful report sheds light on Market Insights of Conveyor Belts, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Conveyor Belts Market.
The global conveyor system market was valued at ~US$ 12.1 Bn in 2019 and is anticipated to surpass US$ 12.9 Bn during the forecast period 2020-2030. The market is slated on a course of sluggish growth at 2.9%. The manufacturing sector has witnessed a paradigm shift with the implementation of Industry 4.0 technologies across various industrial sectors.
With the growing trend of automation, manufacturing units have implemented Industry 4.0 standards to reduce machine downtime, reduce labor inefficiencies, enhance production, reduce ROI (return on investment), and more importantly achieve high quality manufacturing.
The COVID-19 crisis has caused unprecedented uncertainty, leading to a major slowdown. The manufacturing of automobiles, industrial equipment and food & beverages has come to a standstill due to stringent lockdowns imposed by governments. Despite this panic buying by consumers is coaxing manufacturers to increase their warehouse space, which is expected to accelerate demand for conveyor systems.
Key Takeaways of Conveyor System Market Study:
- The global conveyor system market is projected to create an absolute $ opportunity of more than ~US$ 3.1 Bn and is anticipated to grow at a value CAGR of 2.9% during the forecast period.
- By product, conveyor belts are projected to grow at a value CAGR of 2.7%, and will be valued 1.6X more than roller conveyors by the end of 2020.
- East Asia is expected to emerge as the fastest growing conveyor system market and is projected to surpass a market valuation of ~US$ 2.6 Bn by the end of 2030.
- Packaging & Warehouse Distribution is projected to grow at a value CAGR of ~3.5% and is expected to create an absolute value opportunity of US$ 973.2 million.
“The demand for conveyor systems is likely to be impacted in the first three quarters of 2020, owing to slowdown of manufacturing and production amid the COVID-19 pandemic. The demand for conveyor system is currently resting on the growth of the e-commerce industry and consequent expansion of warehousing which is anticipated to boost growth of the market during forecast period” says the Fact.MR analyst.
Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4779
Strategic Acquisition to Expand Profit Pools of Key Players
Key players in the conveyor system market are Beumer Group, Schaefer Systems International Inc., Daifuku Co., Ltd, Interroll Holding AG, Mesto Corporation, Fives Group, Murata Machinery Ltd, Dematic Company, Durr Group, Allied Conveyor System, among others. Prominent manufacturers are focusing on acquiring companies to uphold their market share.
In October 2018, Honeywell international inc. acquired a privately held warehouse automation business transform group GmBH, a provider of engineered conveyor solutions, for approximately $ 466.8 million. In June 2017, Dorner Holding acquired SAUTEM, a supplier and designer of conveyor and labeling equipment based in Mexico.
Key Segments of the Conveyor System Market
Fact.MR’s study on the conveyor system market offers information divided into four key segments— product, operation, capacity type, end use, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
- Belt Conveyor
- Roller Conveyor
- Pallet Conveyor
- Overhead Conveyor
- Tri-Planar Conveyor
- Crescent Conveyor
- Skid Conveyor
- Trailer Conveyor
- Others
Operation
- Manual
- Semi-Automatic
- Automatic
Capacity Type
- Unit Handling
- Bulk Handling
End Use
- Packaging & Warehouse Distribution
- Textile & Paper
- Construction & Mining
- Automotive & Transportation
- Consumer Electronics
- Food & Beverages
- Chemicals & Pharmaceuticals
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East & Africa (MEA)
- Oceania
Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/4779
Key Question answered in the survey of Conveyor Belts market report:
- Sales and Demand of Conveyor Belts
- Growth of Conveyor Belts Market
- Market Analysis of Conveyor Belts
- Market Insights of Conveyor Belts
- Key Drivers Impacting the Conveyor Belts market
- Which are the Key drivers impacted by Conveyor Belts market
- Restraints Shaping Market Growth
- Market Survey of Conveyor Belts
More Valuable Insights on Conveyor Belts Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Conveyor Belts, Sales and Demand of Conveyor Belts, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
Explore Fact.MR’s Comprehensive Coverage on Industrial Goods Domain:
Utility Locator Market – Market Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2020 to 2030
Firestop Sealants Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
Centrifugal Chiller Market – Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
