"We Envision Growth Strategies Most Suited
to Your Business"
The global conveyor systems market size is projected to reach USD 7.62 billion by 2028, owing to the rapid expansion of the eCommerce industry, shares Fortune Business Insights™ in a report, titled “Conveyor Systems Market Size, Share & COVID-19 Impact Analysis, By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors & Others), By Location (In-floor Conveyors, On-floor Conveyors & Overhead), By Load (Unit Load & Bulk Load), By Application (Food & Beverages, Pharmaceuticals, Supply chain & Logistics, Manufacturing, Mining & Others) and Regional Forecast, 2021-2028”. The report further states that the market value was at USD 5.36 billion in 2020 and is expected to register a CAGR of 4.5% from 2021 to 2028.
The COVID-19 pandemic inhibited the conveyor systems market growth as the contagion brought economic activities to a standstill. Moreover, fears of getting infected and a ban on non-essential travel have virtually halted operations in public transit spaces such as railway stations and airports. Conveyors are projected to be widely adopted in major sectors such as electronic/electrical, food & beverages, and others in order to boost the market growth and raise production and material handling capacity. Advanced technology will assist them in gaining a significant market share and producing a high-quality product. Due to the pandemic, other regions with limited technology will turn to conveyor material handling systems to modernize their manufacturing facilities and maintain competitiveness.
Installation of New Conveyor Belt by Gartenbau Paul Cox to Incite Development
In January 2021, Gartenbau Paul Cox, a German grower, expands its step in pot handling with the installation of the new conveyor belt. Martin Stolze installed fixed conveyor belts in several of their greenhouses. These will allow handling of large sales orders ergonomically, quickly & efficiently. In August 2019, the Swiss material handling specialist, Interroll Group, announced its acquisition of business operations and assets of Iceland-based IBH ehf., Interroll’s sales agent for Iceland and Faroe Islands. The company expects to consolidate and strengthen its position, in terms of sales and services, in the food & beverages sector in Iceland, especially in the fish processing domain. Further, Interroll intends to bolster the sale of its flagship Modular Conveyor Platform, order sorting and picking equipment, and cross-belt sorters in the Nordic countries as well as enlarge its global share in the conveyor systems domain in the long term.
To get a detailed report summary and research scope of this market, click here:
Extensive Deployment of Conveyor Systems in Automotive Sector to Boost Market
One of the major factors driving the market’s growth is the widespread adoption of material handling equipment in the automotive industry, a trend started by Henry Ford in 1913, when he installed the conveyor belt assembly line at his Highland Park factory in Illinois, US. These systems enable car manufacturers to efficiently assemble automobiles with minimal disruptions, at lower costs, and in shorter periods. For example, in-floor slat conveyors are heavily used for moving large cars, buses, and engines through the assembly process, while also allowing unhindered access to the line to workers. Similarly, roller conveyors are highly sturdy and require minimal maintenance, facilitating the movement of large pallets through an automotive manufacturing unit.
Establishment of Sustainable Industrial Solutions to Exemplify Market Competition
Some major competitors in this market are shifting their focus towards establishing and developing environmentally viable industrial solutions. This change in perspective is leading key players to ramp up investment in Industrial Internet of Things (IIoT) to make manufacturing processes more sustainable and intelligent. Furthermore, many companies are also targeting their investments towards the speedily growing markets in emerging economies, where end-user industries such as food & beverages and automotive are progressing at a breathtaking pace.
List of Players Profiled in the Market Report:
Further Report Findings:
This Market is Segmented into:
Value (USD billion)
Type, Location, Load, Application & Geography