The global market is driven by handling the larger volume in the manufacturing & warehousing industries, as conveyor systems constitute a significant part of material handling systems. Conveyor systems are essential for continuous transport of items from one area to another in many commercial and industrial facilities, as it helps to reduce overall production time along with total labor costs significantly.

The global conveyor systems market is prophesied to expand at a CAGR of 4.6% through the forecast years, 2019-2026. Fortune Business Insights in a new report, titled “Conveyor Systems Market Size, Share and Global Trend By Type (Roller Conveyors, Flat Belt Conveyors, Wheel Conveyors, Vertical Conveyors & Other), By Location (In-floor Conveyors, On-floor Conveyors & Overhead), By Load (Unit Load & Bulk Load), By Application (Food & Beverages, Pharmaceuticals, Supply chain & Logistics, Manufacturing, Mining & Others) and Geography Forecast till 2026” predicts that the market is primarily driven by the large demand for conveyor systems across warehousing and manufacturing industries.

Conveyor systems play a crucial role in material handling equipment. Analysts in the report found that the global market was worth US$ 5,008.4 Mn in the year 2018 and is anticipated to reach US$ 7,169.0 Mn by 2026. These systems are used in the effective transportation of items from one place to another, which results in a significant reduction of labor costs.

LIST OF THE KEY COMPANIES PROFILED:-

Daifuku Co., Ltd.
Continental Conveyor
Bastian Solutions, Inc.
Conveyor Systems Ltd
Dematic
Interroll (Schweiz) AG
Dürr AG
ATS Automation Tooling Systems Inc.
Toyota Industries Corporation
Invata Intralogistics
Taikisha Ltd.

"E-commerce and Industry 4.0 are driving today’s Material Handling boom"

E-commerce and industry 4.0 are transforming traditional supply chains, compelling the companies to change the way they move, track, and store material by using technology & automation, creating the need for conveyor systems. Manufacturers, wholesalers, retailers, and logistics companies are establishing fulfillment centers and utilizing all available warehouse space, which aids the global market rise. For instance, Industrial Kinetics is supplying a pair of dual strand in-floor vehicle slat conveyors for a large vehicle manufacturer which will convey around 385 tons of vehicles, 250 tons of conveyor chains, and about 635 tons of materials. The conveyor systems market demand is because of the need for automating the complete manufacturing process.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.