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Conveyor System Market by Industry, Type, Belt Type, and Region - Global Forecast to 2021

Conveyor System Market: Global Forecast until 2021

  • January 2017
  • 187 pages
  • ID: 5026087
In this report:
The conveyor system market by belt type is poised to grow at a CAGR of ##.##%, by volume, during the forecast period; the lightweight conveyor belt segment is expected to register the highest CAGR of ##.##% from 2016 to 2021.
The retail industry has the largest market, in terms of value, at USD ##.## billion in 2016, registering a CAGR of ##.##%; it is followed by the food & beverage industry which is expected to grow at a CAGR of ##.##% during the forecast period.

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"Increasing demand for handling larger volumes and demand for efficient operation in sectors are anticipated to fuel the market demand for conveyor system"

The conveyor system market is estimated to rise at a compound annual growth rate of ~9.0 percent, to attain a market size of ~$8.9B by 2021. The sector is influenced by Elements such as increased demand for automation, demand for cost efficient material handling systems, need to handle larger volumes across all the markets, growing FDI investments in developing countries and other factors. The factor which restrains the industry from increase is high initial investments, which may not be feasible for different small and medium scale enterprises.

"Lightweight conveyor belt market is the fastest-growing segment in the overall conveyor system market"

Lightweight conveyor belt market is anticipated to grow at the quickest Compound annual growth rate. Their applications span across several industries including bakeries, package handling, and airport baggage handling amongst others. Growing process automation is reflected in the raised demand for lightweight belt designs. Market globalization and competition have led to the increase of this segment. These factors have incentivized the actors to innovate more lightweight and energy efficient belt types.

"Retail sector constitute the most important conveyor system market globally"

Retail market has the biggest industry size in the conveyor system market globally. Retail sector has become more organized with the entry of supermarket/hypermarket giants including Wal-Mart, Kroger, Carrefour, Tesco, and others. The main applications include sorting, carton handling, distribution applications in supermarkets/hypermarkets, distribution centres, and warehouses. Distribution centres play a prime role in the conveyor system market as they cover a huge area and serve around hundreds of supermarkets/hypermarkets in its vicinity. According to Market Realist, in U.S. the supermarkets account for 95.0 percent of total retail food store sales. Thus the rising number of supermarkets influence the industry demand for conveyor systems.

"Europe (EU): Largest market for conveyor system"

The european area leads the conveyor systems market, where most of the top conveyor systems manufacturers including SSI Schaefer, Dematic, Swisslog Holding AG, Fives Group, Vanderlande Sectors, and Siemens, are based in EU. In retail industry, United Kingdom have 75.0 percent share in the organized retail market and the area has main retail chains including Tesco, Asda, Sainsbury and Others. In case of airports, presence of main airports in Europe including the London Heathrow Airport, the Paris Charles de Gaulle Airport, Frankfurt Airport, Amsterdam Airport Schiphol, and Madrid Barajas Airport leads to increased demand for conveyor systems.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from conveyor system suppliers to retail, food & beverage, airport and automotive markets. The break-up of the primaries is like:

• By Company category - Tier-1 - 63 %, Tier-2 - 29.0 percent, and Tier-3 - 8.0 percent

• By Description - C-suite - 45.0 percent, D-suite - 43.0 percent, others - 12.0 percent

• By Area - North America continent - 58.0 percent, Europe (EU) - 30.0 percent, Oceania/Asia - 12.0 percent

Segment Research

The market research offers a picture on conveyor system market across several verticals and territories. It aims at evaluating the market value and future increase potential of the conveyor systems across distinct segments including sectors, conveyor types, belt types and localities. Moreover, the industry report also comprises a detailed competitive analysis of the top players in the sector together with their company descriptions, SWOT study, recent evolutions, and key industries strategies.

Why acquiring this study can help you:

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global conveyor system market and the sub-segments. This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches. The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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