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The Roller Conveyor Type Leads The Conveyor System Market In Food & Beverage Industry

By Author: MarketsandMarkets
Total Articles: 50

The report "Conveyor Market by Industry (Retail, Food & Beverage – Meat, Poultry & Dairy, Automotive, and Airport), Type (Overhead, Floor, Roller, Pallet, Crescent, Belt), Belt Type (Light, Medium, and Heavy Weight Belt), & Region - Global Forecast to 2021", 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 primarily driven by the rising necessity to handle larger volumes of materials leading to an increasing requirement for efficiency.
Browse 94 market data tables and 78 figures spread through 186 pages and in-depth TOC on “Conveyor Market by Industry (Retail, Food & Beverage – Meat, Poultry & Dairy, Automotive, and Airport), Type (Overhead, Floor, Roller, Pallet, Crescent, Belt), Belt Type (Light, Medium, and Heavy Weight Belt), & Region - Global Forecast to 2021”

https://www.marketsandmarkets.com/Market-Reports/conveyor-systems-market-31314058.html

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“Belt conveyors would be the largest segment of the market for conveyor systems used in the retail industry”
The belt conveyor type is expected to dominate the retail industry conveyor system market. Belt conveyors are made of one or more layers of material and run in an endless loop. They are easy to maintain and are suitable for linear running. Power belt conveyor types are being used in certain retail industries as they help to increase productivity, easily integrate with the company’s existing automation system and work efficiently.
The conveyor system market is projected to grow at a CAGR of 9.04% from 2016 to 2021, to reach a market size of USD 8.87 Billion by 2021. The major drivers of this market are rising demand for handling larger volumes of goods, improving process efficiency, increasing FDI investments in the automotive, food and beverage, retail and airport sectors, and material safety concerns, among other factors.
The retail industry is the largest segment of the conveyor system market, in terms of value. Supermarkets, warehouses, and distribution centers cover a major portion of the retail conveyor system market. Belt, roller, and pallet type conveyors are majorly used in the retail industry and the pallet type segment is estimated to grow at the fastest CAGR, during the forecast period. Europe and the Americas account for the largest share of the conveyor system market, owing to the presence of major conveyor system manufacturers. SSI Schaefer (Germany), Dematic (Luxembourg), Swisslog Holding AG (Switzerland), Fives Group (France), and Vanderlande Industries (The Netherlands) are some of the major conveyor system manufacturers in Europe, while Intelligrated (U.S.), Witron (U.S.), Wynright (U.S.) are present in the Americas.
The dairy subsegment of the food and beverage industry conveyor system market is estimated to grow at the fastest CAGR during the forecast period. According to the European Food & Drink industry statistics, the dairy industry accounted for 14% of the total revenue of the food and beverage segment which include meat products, drinks, bakery products and others. Dairy products include cheese, butter, milk, curd, and others which need conveyor systems to maintain proper hygiene. Currently, the dairy industry prefers steel belts over traditional plastic and PU conveyor systems.
The medium-weight conveyor belt segment is the largest segment of the global conveyor system market, during the forecast period. Medium- weight conveyor belts have a tensile strength ranging from 500 N/mm to 2,500 N/mm, and are suitable for handling rough and heavy material such as in the automotive sector. A boost in the manufacturing sector has led to increased demand for medium-weight conveyor belts.
“Airports to be the fastest growing segment in the conveyor system market, by industry”
The airport segment is projected to grow at the highest CAGR during the forecast period. The demand for conveyor systems in the airport industry is influenced by the increase in the number of terminal expansions, growing number of airports, rise in passenger traffic, and increasing necessity of efficient baggage transportation. People now prefer travelling by air to save time, thus, increasing passenger traffic at airports. Asia-Oceania is expected to be the largest market for conveyor system application in airports due to the increased passenger traffic in countries such as China, and India.
The retail industry is the largest segment of the conveyor system market, in terms of value. Supermarkets, warehouses, and distribution centers cover a major portion of the retail conveyor system market. Belt, roller, and pallet type conveyors are majorly used in the retail industry and the pallet type segment is estimated to grow at the fastest CAGR, during the forecast period. Europe and the Americas account for the largest share of the conveyor system market, owing to the presence of major conveyor system manufacturers. SSI Schaefer
The dairy subsegment of the food and beverage industry conveyor system market is estimated to grow at the fastest CAGR during the forecast period. According to the European Food & Drink industry statistics, the dairy industry accounted for 14% of the total revenue of the food and beverage segment which include meat products, drinks, bakery products and others. Dairy products include cheese, butter, milk, curd, and others which need conveyor systems to maintain proper hygiene. Currently, the dairy industry prefers steel belts over traditional plastic and PU conveyor systems.
The medium-weight conveyor belt segment is the largest segment of the global conveyor system market, during the forecast period. Medium- weight conveyor belts have a tensile strength ranging from 500 N/mm to 2,500 N/mm, and are suitable for handling rough and heavy material such as in the automotive sector. A boost in the manufacturing sector has led to increased demand for medium-weight conveyor belts.
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The research methodology used in the report involves primary and secondary sources. Secondary sources include associations such as Conveyor Equipment Manufacturers Association (CEMA), International Air Transport Association (IATA), The Association for Packaging and Processing Technologies (PMMI) and paid databases and directories such as Factiva and Bloomberg. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends of the conveyor system market in retail, food and beverage, automotive and airport sectors. The conveyor system market, in terms of volume (meters) and value (USD million), for various regions, industries, conveyor type and belt type has been derived using forecasting techniques, based on the number of plants, expansions and developments with the average length of the conveyor system used in each industry. The per meter price of conveyor types used in various industries have been verified through primary sources.
“Asia-Oceania to grow at the highest CAGR during the forecast period”
Asia-Oceania is estimated to dominate the conveyor system market, and is projected to grow at the highest CAGR during the forecast period. The growth in Asia-Oceania is attributed to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. Factors such as reduced human effort, increased efficiency, and decreased product loss, are driving the demand for conveyor systems. For countries like India and Japan, the consumption pattern of the people is changing. The rising middle class population has meant that the need for conveyor systems are increasing in order to cater to these consumers.
Asia-Oceania is estimated to be the fastest growing region in the global conveyor system market. The growing GDP, changing lifestyle, socio-economic shift, and relaxed government regulations regarding Foreign Direct Investment (FDI), has led to industrial growth. FDI in the automotive, retail, food and beverage, and airport sectors in developing countries has increased, and thus, makes them potential industry hubs in the future. Many conveyor manufacturers such as Daifuku (Japan) and Taikisha (Japan) are based in the Asia-Pacific, whereas, global players such as Vanderlande Industries (The Netherlands), Swisslog Holding AG (Switzerland), and Siemens (Germany) are also present in the Asia-Oceania region.
The conveyor system market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Siemens AG (Germany), Emerson Electric Co. (U.S.), Daifuku Co. Ltd. (Japan), Vanderlande Industries B.V. (The Netherlands), and Fives (France).
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M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
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