Conveyor System Market predicted 2.8% CAGR during 2014 to 2020

Conveyor System Market predicted 2.8% CAGR during 2014 to 2020

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Zion Market Research has published a new report titled Conveyor Systems Market in Europe (Conveyor Components, Bulk Handling Systems, And Unit Handling Systems) for Automotive, Food & Beverages, Aviation, and Retail: Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020. According to the report, Europe demand for conveyor systems market was valued at around USD 10 billion in 2014 and is expected to reach around USD 12 billion in 2020, growing at a CAGR of 2.8% between 2015 and 2020.

The conveyor system is a commonly used mechanical material handling equipment which helps to move materials from one workstation to another within a factory or premises. Conveyor systems are mainly used for the movement of heavy or bulky materials within a workstation. Use of conveyor systems facilitates the easy and quick transportation of a wide variety of materials. Use of conveyor systems is growing in popularity among the end user industries. Retail, food & beverages and aviation are among the major end users of conveyor systems. There is a vast variety of conveyor systems is available in the market to fulfill various needs of different industries.

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Conveyor systems market in Europe is expected to exhibit moderate growth in the years to come. The growth of conveyor systems is mainly driven by the advantages offered by it against traditional bulk handling practice. Conveyor systems provide end users with reliable and safe transport of materials from one workstation to another. Increasing use at airports across Europe is driving demand for conveyor systems. Use of conveyor systems allows the end used to cut down unnecessary processes involved in material shifting and to eliminate the idle time in carrying material between two assembly points. However, a major challenge for this industry is the technical problems associated with their continuous operations along with high capital expenditure and maintenance cost.

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Conveyor components, bulk handling systems, and unit handling systems are the major product segments of this market. Unit handling systems dominated the conveyor systems market in Europe with around 39% share in the total market in 2014. Strong demand for unit handling systems in the market can be attributed to the various advantages associated with it such as uniformity in material handling and storage operations that facilitates proper storage planning and packaging of units. However, conveyor components segment is expected to exhibit the fastest growth during the forecast period.

Roller, belt, overhead, pallet, etc. are major types of conveyor systems available in the market. The chain conveyor is the most commonly used conveyor systems. Key end-user segments served by the conveyor systems include retail, food & beverage, aviation, and others (automotive and airport baggage-handling). Assembly line, paint shop, and body shop are key application segments of conveyor systems in the automotive industry. While, in the retail sector, it helps reduce errors in the manual handling of distribution and warehousing, sorting, cross-docking, and distribution. Thus, these factors in the conveyor system are expected to drive the growth of retail application sector market.

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The growth of automotive, food and beverages, retail and aviation industry in the region is expected to trigger the further growth of the conveyor systems market. Germany, UK and France dominated the Europe conveyor systems market in the region. However, Eastern Europe is also expected to exhibit growth in demand for conveyor systems.

Dematic Group, Siemensc., SSI Schaeferd., Swisslog Holding are some of the key conveyor system vendors in the region. Other promising vendors for the conveyor system market in Europe include Caterpillar, Daifuku, Dorner Conveyors, Eisenmann, Emerson Electric, Fives Group, Flexlink, Interroll, Mahindra Conveyor Systems’, Murata Machinery, Redler, RUD, Shuttleworth, Taikisha, and Vanderlande.

Product Segment Analysis: Unit Handling Systems, Bulk Handling Systems, Conveyor Components

Product Analysis: Roller Conveyors, Belt Conveyors, Overhead Conveyors, Pallet Conveyors, Other Conveyors

Application Analysis: Retail, Food & Beverage, Aviation Sectors

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