Conveyor System Market by Industry, Type, Component, Operation, & Region

Research Reports

Feb 08, 2021

According to the new market research report “Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket, Others) Component, Operation, & Region – Global Forecast to 2025” Published by MarketsandMarkets™, The global Conveyor System Market size is projected to reach USD 10.6 billion by 2025, from an estimated value of USD 8.8 billion in 2020, at a CAGR of 3.9%.

Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the Conveyor System Market. The constant R&D efforts by conveyor system manufacturers to modernize the industry will offer favourable opportunities for manufacturers and propel the demand for automated conveyor systems in the coming years.

Browse in-depth TOC on “Conveyor System Market”

164 – Tables
57 – Figures
252 – Pages

Daifuku Co., Ltd. (Japan), Continental AG (Germany), Siemens AG (Germany), and Fives Group (France) are expected to be the market leaders.

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Airport industry in Europe is expected to drive the market from 2020 to 2025

In the airport industry, the increasing traffic at airports has increased the need for the expansion, modernization, and development of new airports. For example, Germany’s long-delayed Berlin Brandenburg Airport (BER) is expected to be operational during the last quarter of 2020. Italy’s new Brescia-Verona Airport is also expected to be completed by 31st December 2020. Similar developments are currently underway in Asia Pacific countries such as China and India. The Airport Authority of India has planned the development of 100 airports by 2024, while China has announced plans to build 215 new airports by 2035. In the airport industry, conveyor belts are used in airports for passenger luggage in which, belt and tri-planar types dominate the global airport conveyor belts market.

Food & beverage industry in North America is expected to be the second-largest market in 2020

The food & beverage industry is influenced by factors such as economic growth, research and technological developments, food safety regulations and, most importantly, changes in consumer lifestyles and demand. Conveyor systems used in the food & beverage industry are classified into two major categories—food processing and packaging & labelling. The US is home to various key players in the food & beverage industry such as PepsiCo, Coca-Cola, Tyson Foods, Kraft Foods, Kellogg’s Company, and others. Due to stringent quality regulations in the food processing and packaging industry, many of the industry players use conveyor systems as modes of transportation, conveying food products from one station to another.

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Europe is projected to be the largest market

The market in Europe is projected to be the largest by 2025. Growth can be attributed to increasing e-commerce in the region. The focus on infrastructure and increase in demand for material handling from the warehouse and pharmaceutical companies during the COVID-19 crisis has increased the demand for conveyor systems. Germany has one of the largest manufacturing sectors in Europe and offers significant opportunities for suppliers of conveyor systems.

Recent Developments:

In May 2020, Continental AG introduced the Sybercord Steel Cord technology. It provides conveyor belts with Sybercord steel cords as a tension member which offer a higher dynamical breaking load with a simultaneous reduction of the cord diameter when compared to a standard steel cord belt. The design of the cord provides optimal corrosion resistance. Sybercord steel cords are also more flexible than any other steel cord used for the manufacture of conveyor belts.
In September 2020, Siemens Logistics introduced the world’s first Misplaced Item Clearer (MIC) for cross-belt sorters in parcel sorting centres. The device uses sensors to detect the small size and low weight items that are accidentally positioned between cross-belts. MIC automatically removes them using compressed air and moves them into an outlet. Thus, consignments can be processed immediately without interrupting sorter operations. MIC express helps distribution centres at airports adhere to small-time windows during which parcels need to be processed and distributed to connecting flights.
In August 2019, it acquired Netherlands-based Scarabee Aviation Group B.V. and Australia-based Intersystems (Asia Pacific) Pty Limited. Scarabee provides a range of airport solutions to many of the world’s leading airports and airlines while Intersystems provides airport information management systems, including its world-leading flight information display (FIDs) software. With these acquisitions, Daifuku Group is expected to enter the airport security checkpoint and information management fields.
In October 2020, Austrian Post, a logistics and postal services provider in Austria, selected Fives to automate a new distribution centre in Vomp. The new solution comprises Fives’ proprietary technologies such as the GENI-Belt cross-belt sorter, GENI-Feed induction lines, and a singulator. As the integrator of the project, the company is expected to provide the upstream, different types of chutes, a handling system for non-compatible items. and the software control for the entire system. The new automated handling system is capable of sorting 10,000 items per hour.
In December 2019, XPO Logistics, Nestle, and Swisslog created a Digital Distribution CentEr of the Future – a new USD 77 million facilities at the SEGRO East Midlands Gateway, UK. Swisslog provided advanced sorting systems and robotics. At the distribution centre, the process begins with the goods arriving in the building on pallets. These are then lifted by machine onto a conveyor and taken to a monorail.

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