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Conveyor Systems Market - New Revenue Pockets
The conveyor systems industry is directly related to the expansions or modernization of end-use industries such as automotive, retail, food & beverage, and airport. Any fluctuation in these industries would also affect the dynamics of the conveyor systems industry.
Due to the expansion and opening of new facilities, it is estimated that the conveyor systems market will grow at a promising growth rate in the next five years. The end-use industries, because of the benefits of the conveyor systems such as the increase in efficiency, error-free conveying, and minimum human interference, are opting to use conveyor systems in their facilities.
The Americas region is the largest market for conveyor systems, with the U.S. accounted for a majority of the market share in 2013. The presence of developing countries such as Mexico and Brazil has also enhanced the conveyor systems market in the Americas. Even though the conveyor systems market is an established market in the Americas and European region, the market for conveyor systems will grow at a steady growth rate. Asia-Pacific and the Middle East are growing at a promising rate. The growing automotive, airport, retail, and food & beverage industry in these regions have accelerated the market for conveyor systems. The increase in the modernization and construction of new airports, automotive assembly plants, processing and packaging plants, supermarkets/hypermarkets, distribution centers, and warehouses, has enhanced the market for conveyor systems in Asia-Pacific and the Middle East. For the next five years, countries such as China, India, the U.S., Brazil, Mexico, the UAE, Saudi Arabia, and Russia, are the countries to keep an eye on in the conveyor systems market.
The conventional conveyor systems such as belt and roller are still used in various industries for the material-handling process. The new and advanced conveyor systems such as overhead, pallet, and multi-shuttle have also enhanced their presence in various industries. The use of these advanced conveyor systems is growing in developing countries such as China, India, Russia, Thailand, Mexico, and Brazil. This growth in the application of advanced conveyor systems will increase the market for conveyor systems.
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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