Global conveyor market is expected to grow at a substantial CAGR during the forecast period. The global conveyor market is driven by upsurge in the demand from numerous end user industries such as automotive sector, airport, warehouses, among others. Moreover, growing requirement to handle larger volumes of goods is positively impacting the growth of market during the forecast period. Furthermore, rapidly expanding industrialisation coupled with surging requirement for automation so that manufacturing costs can be reduced is further expected to bolster the growth of market over the next few years.
With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different industries are also compromised. The global conveyor market is massively hit by the pandemic, as the demand is decreased due to lockdown across major countries in the world.
Based on end use, the warehouse & distribution segment is projected to register high CAGR during the forecast period on account of increasing demand for e-commerce industry
The major players operating in the conveyor market are Siemens AG, Emerson Electric Co., Daifuku Co. Ltd., Vanderlande Industries B.V., Fives, Ssi Schäfer, Swisslog, Taikisha Ltd., Dematic, Interroll Holding GmbH and others. The key market players are adopting some competitive strategies such as mergers & acquisitions, partnership, collaborations, agreements in order to expand their geographic reach and to increase their customer basis.
Objective of the Study
- To analyze and estimate the market size of global conveyor market from 2018 to 2021.
- To estimate and forecast the market size of global conveyor market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast global conveyor market based on type, end use, company and regional distribution.
- To identify dominant region or segment in the global conveyor market.
- To identify drivers and challenges for global conveyor market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global conveyor market.
- To conduct pricing analysis for global conveyor market.
- To identify and analyze the profile of leading players operating in global conveyor market.
- To identify key sustainable strategies adopted by market players in global conveyor market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Conveyor manufacturers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to conveyor
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
