Conveyor System Market Soaring at 9.04% CAGR to Register 8.87Bn by 2021

The conveyor system market is projected to grow at a CAGR of 9.04%, to reach a market size of USD 8.87 billion by 2021 while lightweight conveyor belt market is the fastest growing segment in the global conveyor system market.



The worldwide conveyor system market is driven by factors such as increased demand for automation, demand for cost efficient material handling systems; need to handle larger volumes across all the industries, increasing FDI investments in developing countries and other factors. The factor which restrains the market from growth is high initial investments, which may not be feasible for various small and medium scale enterprises.

Complete report on global conveyor system market spread across 186 pages, profiling 12 companies and supported with 94 tables and 78 figures is now available http://www.reportsnreports.com/reports/281798-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.html .

Lightweight conveyor belt market is expected to grow at the fastest CAGR. Their applications span across various industries including bakeries, package handling, and airport baggage handling amongst others. Rising process automation is reflected in the increased demand for lightweight belt designs. Market globalization and competition have led to the growth of this segment. These factors have incentivized the players to innovate more lightweight and energy efficient belt types.

Retail industry has the largest market size in the conveyor system market globally. Retail industry has become more organized with the entry of supermarket/hypermarket giants such as Wal-Mart (U.S.), Kroger (U.S.), Carrefour (France), Tesco (U.K.), and others. The major applications include sorting, carton handling, distribution applications in supermarkets/hypermarkets, distribution centers, and warehouses. Distribution centers play a prime role in the conveyor system market as they cover a huge area and serve around hundreds of supermarkets/hypermarkets in its vicinity. According to Market Realist, in U.S. the supermarkets account for 95% of total retail food store sales. Thus the increasing numbers of super markets influence the demand for conveyor systems.

The various key conveyor system companies profiled in this report such as BASF SE, Siemens AG, Emerson Electric Co., Daifuku Co. Ltd., Vander lande Industries B.V., Fives, Swisslog, Taikisha Ltd, Interroll Holding GmBH, Intelligrated, TGW Logistics Group, Dematic and SSI Schäfer.

Request a discount before order a copy of 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 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=281798 .

The European region leads the conveyor systems market, where most of the top conveyor systems manufacturers such as SSI Schaefer (Germany), Dematic (Luxembourg), Swisslog Holding AG (Switzerland), Fives Group (France), Vanderlande Industries (The Netherlands), and Siemens (Germany), are based in Europe. In retail sector, U.K. have 75% share in the organized retail sector and the country has major retail chains such as Tesco, Asda, Sainsbury and Others. In case of airports, presence of major airports in Europe such as the London Heathrow Airport (U.K.), the Paris Charles de Gaulle Airport (France), Frankfurt Airport (Germany), Amsterdam Airport Schiphol (The Netherlands), and Madrid Barajas Airport (Spain) leads to increased demand for conveyor systems.

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