Published on : Jun 30, 2020
The application of conveyor system has been evolving with time. Earlier, its use was limited to factories. Industrialization and automation has fuelled the conveyor system market globally. Now it is widely used in warehouses and mining, airports, and packaging industries due to its ability to carry heavy and bulk materials. It is used to optimize entire manufacturing process.
Other key factors contributing to the growth of global conveyor system market is discussed in details in the newly added report in RMoz library. The report titled “Conveyor System Market - Global Industry Analysis and Opportunity Assessment, 2019-2029” has covered important aspects that impact the growth of global conveyor system market in the forthcoming years.
Composed of 357 pages, the conveyor system market report is presented in a chapter-wise format. Each chapter focusses on different elements and their influence on conveyor system market. The report also includes an exhaustive array of graphs and pictorial representations to depict growth trends pictorially.
Preparation of the report involved extensive research. Analysts reached out to proprietary databases and carried out in-person interviews with the experts of industry for the viewpoint on trends in the global conveyor system market. The history years considered for the report is between 2014 and 2018, and the forecast period is 2019 to 2029.
The report divides the global conveyor system market on the basis of product type, application, operation, and region. It has also has focused on drivers contributing to the growth of the market, application areas, competitive landscape, upcoming opportunities, and possible restraining factors.
The conveyor systems helps in transporting materials with minimal effort. Different types of conveyor systems come with different frames that support belt, wheels, and rollers, upon which the materials to be transported are kept. These conveyor systems are available in different varieties to suit different applications.
Demand for handling heavy goods and increased production efficiency are major drivers in the expansion global conveyor system market.
Growth in numbers of e-commerce industries with increasing online retail sales is another element contributing to the growth of conveyor system market in the area of warehouse and distribution industry.
Another factor fuelling the conveyor system market is increase in number of air passengers. This has brought surge in the demand for the modernization and development of new airports. Conveyor system facilitates easy baggage handling. Hence, with the rise in the number of airports around the globe, the demand for conveyor system will also increase. This will help expand the conveyor system market globally. Also, most times belt type conveyors are used at the airports because of easy installment ability and little maintenance requirement.
This further accounts to the fact that belt conveyors will float as prominent share contributor conveyor system market in the forecast period. Their applications are found in several industries such as food and beverages, mining, airport, electronics, and warehouse and distribution. With growth in these industries, the belt conveyor is anticipated to boost demand in the market.
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On the basis of region, Asia Pacific is projected to be one of the key contributor to the conveyor system market. Improvement in the economic conditions of countries like China and Thailand is one of the factors. The countries have witnessed boost in demand for industries such as automotive, e-commerce, and food and beverage, thus, propelling the demand for conveyor systems in the industries.