Conveyor System Market: Challenges to Market Growth, Size, Share, Forecast 2022

Posted by Market Research Future on July 25th, 2018

Global Conveyor System Market   - Overview

Conveyor System Market is highly application driven and such conveyor systems are gaining popularity across the industries such as automotive, retail, food & beverages, public infrastructure such as airport which is referred as one of the major driving factors for market. Furthermore, increasing FDI investments in automotive sector is also augmenting the growth of the market.

Huge investments in infrastructural projects in Asia Pacific countries countries have spurred the demand for conveyor system for commercial and residential purpose. The region has given a tough competition to well established European and U.S. markets when it comes to the manufacturing base and price points. There is seen changing dynamics in construction industry in the region such as interest by foreign investors and increase in FDI in construction in countries such as Indonesia and India. This augments the demand for such conveyor system in the region.

There is seen various government initiatives and programmes where the countries are constantly promoting and developing their construction sector. The emerging nations are particularly bringing various reform and regulations to boost their infrastructure growth and real-estate market. Such growth is expected to augment the market growth of conveyor system industry. For instance, the government of India announced several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable housing construction, change in arbitration norms for construction companies, and many others to boost the construction industry in the country.

Key Players:

Daifuku Co., Ltd., Dematic Group, Emerson Electric Co., Siemens AG, Allied Conveyor Systems, Inc., Caterpillar Inc., Dorner Mfg. Corp., Dynamic Conveyor Corporation, Fives Group, FMC technologies, Interroll AG and Intelligrated are some of the prominent players at the forefront of competition in the global conveyor system market and are profiled in MRFR Analysis. 

Global Conveyor System Market   - Competitive Analysis

The market for conveyor systems is characterized by the presence of several well-established brands along with medium and small players. The market appears to be highly competitive and fragmented. International players are seen increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, quality, and price point.  The market is witnessing intensified competition which is expected to intensify further during the forecast period.

In June 2017, Dynamic Conveyor Corporation, manufacturer of patented easy-to-clean conveyor systems for the food industry, launched embedded diamond top belting on its DynaClean conveyor line. It reduces food product loss when conveying a sticky product by using ThermoDrive embedded diamond top belting on a DynaClean conveyor greatly.

In 2017, Thyssenkrupp announced that it is expected to deliver conveyor system for new underground copper mine in Mongolia. The systems would be reliable and cost-effective. The company, a leading providers of mining systems, the industrial solutions business area won a contract to supply a material handling system for the new Oyu Tolgoi underground mine in Mongolia. Thyssenkrupp is expected to supply a total of nine conveyors with a combined length of 9.5 km as well as seven transfer towers operating at a design tonnage of 7,100 tons per hour.

In 2016, Rockwell Automation announced acquisition of MagneMotion, a leading manufacturer of intelligent conveying systems. This acquisition will complement Rockwell Automation’s iTRAK to create the broadest portfolio of independent cart solutions in this emerging technology area. This step was taken to continue the strategy of Rockwell to build a portfolio of smart manufacturing technologies that brings next generation performance to their client base.        

Global Conveyor System Market   - Segments

Global Conveyor System Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.

Segmentation By Type: Comprises – Belt Conveyors, Roller, Pallet, Overhead and others

Segmentation By Application:  Comprises – Automotive, Retail, Food & Beverages, Airport and others

Segmentation By Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World

Global Conveyor System Market   - Regional Analysis

The Asia-Pacific region dominated the global conveyor system market in 2016. It is also expected to be the fastest growing region for the conveyor systems. Rapid urbanization, growth in population, expansion of industrial base, and growth in construction activities along with increasing investments by foreign investors are the factors driving the growth of the market in Asia-Pacific region.

The construction spending in China is exceptional followed by India, Indonesia and Vietnam. All sectors are likely to witness significant growth, largely led by non-residential construction. Additionally, China not only exhibits significant levels of growth but is also the largest market in the world. Construction spending in China is shifting from the coastal cities to the interior and western provinces that will lead to the higher use of construction machinery.

India, on the other hand, is seeking increase in private funding solutions, especially from foreign lands due to the new infrastructure requirement and government’s initiatives. In Southeast Asia relatively strong construction spending growth is also expected in Indonesia and Vietnam, as both countries upgrade infrastructure to support their growing populations.  

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