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 www.MarketsandMarkets.com
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. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=31314058
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. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=31314058
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. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=31314058
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. Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=31314058
Market Ecosystem: The conveyor system ecosystem consists of conveyor system manufacturers such as Siemens AG (Germany), Daifuku Co., Ltd. (Japan), Vanderlande Industries B.V. (The Netherlands) and these conveyor systems are supplied to major OEMs in the automotive industry such as Nissan (Japan), and Tesla Motors (U.S.) among others, retail stores such as Wal-Mart (U.S.), and Costco Wholesale Corporation (U.S.) among others, food and beverage industries such as Mars (U.K.), and Unilever (U.K.) among others, and the airport sector. Buy Now: https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=31314058
Browse >> 94market data tables 78figures 186 pagesand in-depth TOC “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” Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.
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