Which Factor Is Driving The Conveyor System Industry?

The conveyor system market is broadly segmented into five major regions—North America, Europe, APAC, MEA, and SAM. In terms of market share, the APAC region dominated the conveyor system market in 2019. Growing industrialization and availability of low-cost labor is encouraging gigantic multinational companies to move their plant operations in the Asian market, especially in countries, such as China and India, which are the manufacturing hubs of APAC. The ongoing growth of manufacturing industries in Asian economies is anticipated to create lucrative opportunities for conveyor system providers. 

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Conveyor System

In vehicle production plants, it is important to have high control and high-quality in all operations carried out in the industry; thus, the automotive industry is highly implementing conveyor systems in their vehicle production plants. The conveyor systems help vehicle production plants to keep control and have free space for new operations. As the conveyor system mitigates the labor work, it reduces the company’s investment on staff training. Thus, the rising vehicle production and growing adoption of conveyor systems in the automotive industry surges the growth of the market.

The e-commerce industry is one of the mature industries in the US and is growing at an unprecedented adoption rate across the world. As per the Census Bureau of the Department of Commerce, the US retail e-commerce sales accounted for US$ 160.3 billion for the first quarter of 2020, which depicted a growth of 2.4% from the fourth quarter of 2019. Hence, rising e-commerce industries in potential regions, such as North America and APAC, are thriving in the business for conveyor systems. If the consumers buy something online and decide to return it because of some reason, the consumers anticipate the return process to be as rapid and convenient as the purchase process. For such processes, vendors require conveyor systems to move those products effectively.

Leading Players

• Daifuku Co. Ltd.
• Dematic
• Emerson Electric Co.
• Honeywell Intelligrated
• Interroll Holding GmbH
• Siemens AG
• SSI Schafer
• Swisslog Holding AG
• TGW Logistics Group
• Vanderlande Industries