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Oct 09, 2020 (MARKITWIRED via COMTEX) — Belt AutomatedConveyor Systems to Retain Its Dominance in Automated Conveyor Systems Market
Belt AutomatedConveyor Systems is expected to gain significant demand during the forecastperiod on account of easy maintenance and suitability for linear running.Additionally, power belt Automated Conveyor Systems have been witnessingsignificant demand across retail industries as it offers increasedproductivity, easily integrates with existing automation system of the companyand works effectively. Prominent manufacturers in Automated Conveyor Systemsmarket are focusing on developing belt Automated Conveyor Systems for cateringto the particular demands from customers. Belt Automated Conveyor Systems findwide-ranging demand across the global market mainly due to their advantages inconveying diverse variety of goods. This diverse ranging variety of goodsinclude small or large, heavy weight or light, irregular or regular shapedgoods.
Furthermore, extensiveusage of belt Automated Conveyor Systems in several end-user segments includingthe packing lines and dry areas across various pharmaceutical and foodindustries are witnessed as vital factors supporting the dominance of belt AutomatedConveyor Systems in Automated Conveyor Systems market over the forecast period.Key players are expected to focus on developing cost-effective, tough andreliable Automated Conveyor Systems in the forthcoming years. Thesemanufacturers have developed modular Automated Conveyor Systems for meeting theflexibility demand of customers.
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Automation in everyindustrial segment has become an integral part of industrial operations. AutomatedConveyor Systems are mechanically-operated material handling equipment, whichare used to transport material within premises. They provide a quick andeffective transportation solution with a high degree of safety. Therefore, dueto effectiveness of conveyance, a considerable amount of cycle time is reducedin the industrial process. The same factor helps in reducing the errors in handlingmanual material. Early commercialisation of the conveyor system took place fortransportation of heavy materials in the industrial sector.
On the basis of theirend user applications, Automated Conveyor Systems can broadly be categorised asautomotive, airport, retail, mail logistics,and food and beverage.Assemblyline, body shop, paint shop and few others are key application areas of AutomatedConveyor Systemsin the automotive sector. Nevertheless, the retail sectorutilises these systems for distribution and warehousing, sorting,cross-docking, and distribution. Automated Conveyor Systems are an integralpart of airport facilities for baggagehandling. Usage of the conveyer system inairport facilities is likely to increase due to growing air traffic across theglobe, and the development of new airport locations. Moreover, the growingdemand for food and beverage is propelling the adoption of Automated ConveyorSystems to boost production rates.
On the basis of theirdesign modification, Automated Conveyor Systems can be categorized as rollerconveyor, belt conveyor, crescent conveyor, palletconveyor, overhead conveyorand others.In order to meet the needs and demands of customers, manufacturersprovide highly customized products.
Growing demand forcost-effective material handling systems and increasing automation in theindustrial sector are two of the major driving factors of global AutomatedConveyor Systems market. It is expected that, global Automated Conveyor Systemsmarket will witness a steady CAGR of around 3%-4% for the period of 2014-2020.The developing automotive, retail, and food and beverage industriesare alsolikely to fuel the growth inAsia-PacificAutomated Conveyor Systems market.Europe is dominating the overall Automated Conveyor Systems market at presentand has a large conveyor system supply network with broad distribution channel.Nevertheless, Europe is likely to hold its dominance over the global AutomatedConveyor Systems marketat the end of forecast period. Latin America region isexpected to be the fastest growing Automated Conveyor Systems marketespeciallyin the emerging economies such as Mexico and Brazil where the industrial sectoris booming. Increasedsophistication of conveyor system along with advancedtechnology are major trends in this market.
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A few of the mostprominent market players in global Automated Conveyor Systems market areDaifuku,Dematic Group, Emerson Electric, Siemens AG, Allied Automated Conveyor Systems,Caterpillar, Dorner Conveyors, Dynamic Conveyors, Fives Group, FMCtechnologies, Interroll and Intelligrated. One of the key market strategies isthe development of patented products with high customisations. In addition,acquisitions and strategic alliances to share technologies, can be seen in themarket.
The research reportpresents a comprehensive assessment of the market and contains thoughtfulinsights, facts, historical data, and statistically supported andindustry-validated market data. It also contains projections using a suitableset of assumptions and methodologies. The research report provides analysis andinformation according to categories such as market segments, geographies,types, technology and applications. The report covers exhaustive analysis on:
- Market Segments
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Regional analysis includes:
- North America
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- Asia Pacific
- Japan
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- Eastern Europe
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The report is acompilation of first-hand information, qualitative and quantitative assessmentby industry analysts, inputs from industry experts, and industry participantsacross the value chain. The report provides in-depth analysis of parent markettrends, macro-economic indicators and governing factors, along with marketattractiveness within the segments. The report also maps the qualitative impactof various market factors on market segments and various geographies.
Report Highlights:
- Detailed overview ofparent market
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- Historical, currentand projected market size in terms of volume and value
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- Competitive landscape
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- Potential and nichesegments, geographical regions exhibiting promising growth
- A neutral perspectiveon market performance
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COMTEX_372547610/2612/2020-10-09T06:15:31
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