Increasing Demand from Industrial Automation to drive the Global Conveyor Systems Market

The increasing demand for handling larger volumes and rising need for efficiency, is driving the demand for industrial automation. Conveyor systems provide efficient transportation of materials with reduced chances of error or mishandling. Their applications spread across industries including retail, food & beverage, mining, automotive, airports, among others. The conveyor system market is projected to grow at a CAGR of 9.04% during the forecast period, to reach USD 8.87 billion by 2021. Earlier, limited conveyor types such as belt, chain, and roller conveyors were available. However, in recent years, this scenario has changed with the innovation of more advanced conveyor systems such as pallet, overhead, and other advanced conveyor systems.

The conveyor system manufacturers in future would adapt to green conveying which would help in reduction of energy consumption and would promote the use of good quality belts.  One of the major ways of going green in the case of conveyor systems is by reducing power consumption. Electric motors are one of the biggest energy consumption source and hence using an energy efficient motor can dramatically reduce the electricity consumption of the conveyor system. According to Bastian Solutions (U.S.), the use of such energy efficient motors can increase productivity by 3%-5% and they also last longer than typical conveyor motors. This stands as a future opportunity in front of conveyor system manufacturers.

The Asia-Oceania market is estimated to be the fastest growing market of conveyor system. This growth can be attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The sizeable populations in countries such as China and India have resulted in the increasing requirement of conveyor systems in automotive, airports, food & beverage and retail sector. In airports industry, the increasing traffic at airports needs expansions, modernization and development of new airports. For instance, the Pudong International Airport (Shanghai, China) planned to expand the existing plant from Dec 2015 and the project would get completed by 2021 and would be able to handle 80 million passengers after the expansion.

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The North American market is estimated to witness the highest growth in the conveyor system market used in the food & beverages industry. The U.S. is home to many key players in the food and beverage industry such as PepsiCo, Coca-Cola, Tyson Foods, Kraft Foods, Kellogg Company, and others. Due to stringent quality norms related to the food processing and packaging industry, almost all food and beverage industry players use conveyor systems as a mode of transportation, conveying food products from one station to another. According to the European Food and Drink industry, the number of food and beverage facilities in the U.S. increased from 6,200 in 2012 to 6,274 in 2013, thus, creating demand for conveyor systems.

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