DUBLIN--(BUSINESS WIRE)--The "Conveyor System Market by Industry, Type, Belt Type, and Region - Global Forecast to 2021" report has been added to Research and Markets' offering.
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.
The 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.
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.
Companies Mentioned
- Daifuku Co. Ltd.
- Dematic
- Emerson Electric Co.
- Fives
- Intelligrated
- Interroll Holding GmbH
- Siemens AG
- SSI Schäfer
- Swisslog
- Taikisha Ltd.
- TGW Logistics Group
-
Vanderlande Industries B.V.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Conveyor System Market for Retail Industry, By Region and Conveyor Type
7 Conveyor System Market for Food & Beverage Industry, By Region, Conveyor Type and Sub-Industry
8 Conveyor System Market for Automotive Industry, By Region and Conveyor Type
9 Conveyor System Market for Airport, By Region and Conveyor Type
10 Global Conveyor System Market, By Belt Type
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/9lnq9d/conveyor_system
