DUBLIN--(BUSINESS WIRE)--The "Conveyor System Market by Industry (Warehouse & Distribution, Food & Beverage - Meat, Poultry, Dairy, Automotive, Electronics, Mining, Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket), Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The conveyor system market is projected to grow at a CAGR of 4.33% during the forecast period, to reach a market size of USD 9.9 billion by 2025 from an estimated USD 7.4 billion in 2018.
The market is driven by factors such as increased demand for automation, demand for cost-efficient material handling systems, need to handle larger volumes in several industries, increasing FDI investments in developing countries, and other factors. The key factor that restrains the market is high initial investment, which may not be feasible for various small and medium scale enterprises.
Asia Pacific is estimated to be the largest market for conveyor systems, backed by the growth of the automotive industry in China and India. China is the largest vehicle-producing country in the region and is also the strongest economy. It is home to many global as well as regional automotive manufacturers such as BYD Automotive, Geely, Dongfeng, Volkswagen, Ford Motor Co., and others. Other than OEMs, there are many Tier 1 players such as Mitsubishi Electric, Denso, and foreign players such as BorgWarner, Bosch, and Continental.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Conveyor System Market for Airport Industry, By Conveyor Type
8 Conveyor System Market for Automotive Industry, By Conveyor Type
9 Conveyor System Market for Warehouse & Distribution, By Conveyor Type
10 Conveyor System Market for Mining Industry, By Conveyor Type
11 Conveyor System Market for Food & Beverage , By Sub-Industry
12 Conveyor System Market for Electronics Industry, By Conveyor Type
13 Conveyor System Market, By Conveyor Type
14 Conveyor System Market, By Region & Industry
15 Competitive Landscape
16 Company Profiles
- Honeywell Intelligrated
- Interroll Holding GmbH
- Khare Group
- Phoenix Conveyor Belt Systems
- Somi Conveyor Beltings
- SSI Schaefer
- TGW Logistics Group
- Vanderlande Industries B.V.
For more information about this report visit https://www.researchandmarkets.com/research/8slr4r/conveyor_system?w=4