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Siemens AG (Germany) and Daifuku Co. Ltd. (Japan) Leading Players in the Conveyor System Market
The increasing demand for handling larger volumes and rising need for efficiency is driving the demand for industrial automation. Conveyor systems provide efficient transportation of materials with reduced chances of error or mishandling. The retail, food and beverages, mining, postal, automotive, airports sectors, are the main users of conveyor systems. The conveyor system market is projected to grow at a CAGR of 9.04% during the forecast period, to reach USD 8.87 Billion by 2021.
The key strategy adopted by major players to gain traction in the market is supply contracts. Supply contracts were a popular strategy, accounting for approximately 49% of all the strategies adopted by companies. Vanderlande Industries B.V. (The Netherlands) had been awarded the contract of installing 72 STACK@EASE units at terminal 3 of Heathrow Airport. The TGW Logistics Group (Austria) has built a logistics center at the Würth Elektronik eiSos Group’s (Germany) new building. This contract involved the installation of several TGW systems such as the stingray shuttle system, KingDrive handling technology, and commander control technology, among others. The second most widely followed strategy was new product development. Intelligrated (U.S.) has introduced several new products to its sortation portfolio such as vertical conveyor and sortation system, tote stacking and de-stacking system, buffering, and sweeper sorter system. Other companies that adopted this strategy include Vanderlande Industries B.V. (The Netherlands), TGW Logistics Group (Austria), Swisslog (Switzerland), Dematic (U.S.), Fives (France), Siemens AG (Germany), and Emerson Electric Co. (U.S.).
The conveyor system market is dominated by a few global players, and comprises several regional players. Siemens AG (Germany) is a leading player in the market. The company manufactures and distributes conveyor technology related products such as motors, motor starters, distribution and energy management software, and mechanical sensors.The key strategy followed by the company is new product launches. It is an international player with presence in various regions such as Europe, Americas, Asia, Africa, and the Middle East. In November 2016, the company introduced the new Simatic ET 200SP motor starter. It had had four adjustment ranges up to 5.5 kilowatts making the motor starter more powerful and other new features such as quick stop, and motor blocking protection, among others, making it suitable for use in conveyor systems.
Daifuku Co. Ltd. (Japan) provides conveyor systems for manufacturing and distribution plants, automobile assembly systems, car washing systems, bowling equipment and airport baggage handling. The company has a broad product portfolio catering to several industries and has also introduced a new e-commerce business model. It has adopted the strategy of acquisition to increase its presence in the conveyor system market. In October 2014, the company purchased 80% of the BCS Group Limited (New Zealand), which is a leading player in the airport baggage handling sector in Asia-Oceania.
Conveyor System Market by Industry (Retail, Food & Beverage – Meat, Poultry & Dairy, Automotive, and Airport), Type (Overhead, Floor, Roller, Pallet, Crescent, Belt), Belt Type (Light, Medium, and Heavy Weight Belt), and Region - Global Forecast to 2021
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