Conveyor Systems Market worth US$10.069 billion by 2026
Knowledge Sourcing Intelligence announces the publication of a new report on "Conveyor Systems Market – From 2019 to 2026" to their offering.
As per the report, the Conveyor Systems Market is projected to increase at a CAGR of 3.83% during the forecast period.
A conveyor system is a quick and efficient mechanical handling equipment that transports cargo and materials within an area automatically. This technology, decreases human error, workplace hazards, and labour expenses. They are handy for moving large or heavy things from one location to another. To carry things, a conveyor system may comprise a belt, wheels, rollers, or a chain. They are used in a variety of industries, including automotive, industrial, retail, food & beverage, and transportation.
The increasing adoption of conveyor systems in various end-user industries and explosive growth of e-commerce are primary factors for market growth. The growing e-commerce, along with changing customer behaviour toward products purchase, is anticipated to boost the deployment of conveyor and sortation systems. Furthermore, many firms that have already invested in sortation facilities are anticipated to increase their capacity due to growing demand. However, Increasing usage of automated guided vehicles and robotics, in addition to high installation costs might act as a restraint for the market growth.
The COVID-19 pandemic had a negative impact on the sensor, control, and automation sector as a whole. While capital investments in the automation sector were sluggish before the pandemic, they are expected to be halted or postponed for at least a year. The recent halt in industrial manufacture and output, on the other hand, is expected to serve as a wake-up call for the manufacturing sector's reliance on human labour. This, in turn, is likely to emphasise the benefits of robotics and automation, resulting in increased adoption in the post-pandemic period. As a result, the conveyor system market impacted by a halt in production operations and lockdowns is expected to recover gradually in 2021.
Based on product type, the market currently exists fragmented into Gravity Conveyor, Belt Conveyor, Pallet Conveyor, Overhead Conveyor, Powered Roller Conveyor and Others
Based on industry vertical, the classification of the market currently exists fragmented Manufacturing, Healthcare, Chemical, Paper, Food and Beverage, Warehousing and Others
Based on geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
As a part of the report, the major players operating in the control valve market, which have been covered are Siemens AG, DEMATIC, BEUMER Group, Murata Machinery Ltd., Liebherr Group, Mecalux SA, SSI Schaefer AG, Honeywell Intelligrated Inc., Daifuku Co. Ltd, Titan Conveyors.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/conveyor-systems-market
This report segmented the conveyor systems market on the basis following terms:
- By Product type
- Gravity Conveyor
- Belt Conveyor
- Pallet Conveyor
- Overhead Conveyor
- Powered Roller Conveyor
- By Industry Vertical
- Food and Beverage
- By Geography
- North America
- South America
- North America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
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