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The Conveyor Systems Demand is Driven by Industrialization and Modernization
The conveyor systems market value is expected to grow with a CAGR of 8.78% from 2013 to 2018. Asia-Pacific and the Middle East (in the ROW) show a promising growth rate for the conveyer systems market. Europe and the Americas show a steady growth rate in the conveyor systems market.
The conveyor systems demand is driven by industrialization and modernization. Advanced conveyor systems have reduced the errors which arise in manual material handling. Along with traditional conveyor systems such as belt and roller, new conveyor systems such as pallet and overhead show a favorable presence in different industry sectors. These new conveyor systems have higher speed, better flexibility, and are efficient and easy to operate.
The conveyor systems market is dominated by a few global players and many regional players. A few of the key players are SSI Schaefer (Germany), Dematic (Luxembourg), Daifuku (Japan), and others. The top five players that include the above accounted for about 50% of the market in 2012. SSI Schaefer is the market leader, and it supplies conveyor systems through the SSI Schaefer systems and automation segment. It is a leader in warehousing and logistic services. SSI Schaefer has implemented conveyor systems in the facility of different industry segments; tote and carton conveying systems and tray conveying systems for the retail industry and food & beverage industry, respectively.
SSI Schaefer has over 50 subsidiaries across the globe. Its worldwide presence helps the company impart consistently high levels of customer orientation. The latest production technologies help the company sustain its market position. Recently, the company launched its case-picking system; it is a modular system that allows customization as per an individualís need and can be combined with other systems, as well as allows integration with different technologies. Along with new-product development, the company is more focused on supply contracts; a recent supply contract was drawn with BLG Trade Logistics (Germany), where SSI Schaefer equipped the warehouse with 17km-long conveyor systems, 20 container buffers, 133 picking stations, 14 carton flow racks, and 96 packaging locations.
Material Handling Systems: Global Market Share, by Company, 2012
Source: Company Annual Reports, Press Releases, Expert Interviews, and MarketsandMarkets Analysis
Conveyor Systems Market by Conveyor Types (Roller, Belt, Overhead, Pallet, Crescent & others), Industry (Automotive, Airport, Retail and Food & Beverage) and Geography (Asia-Pacific, Europe, Americas & ROW): Industry Trends & Forecast to 2018
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