Conveyor
System Market Size Analysis, Growth Rate, Top Regions, Key Players and Forecast
to 2031

The
global conveyor system market size is estimated to grow at a significant CAGR
during the forecast period. Higher adoption of automation processes in various
end-use industries and increasing demand for handling larger volumes of goods
are the propelling factors that are estimated to accelerate the conveyor system
market. As mining needs to handle larger volumes of goods, the conveyor system
is the preferred as well as an economical solution for long distances. The
growing purchasing power of consumers and economic growth in these segments are
the major factors that have encouraged the growth of the manufacturing
industry. Automation in manufacturing, baggage handling, food & beverage,
mining, and several other organizations has brought the industry closer to the
zero-defect target.

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An
increasingly highly competitive environment across all industries is leading to
companies continuously looking for process optimization, which in turn has
enlarged the demand for the automation of industrial facilities. The industry
has experienced several ongoing advancements in automation. These can aid in
meeting requirements attributed to material handling capacities, resulting in
minimised production time, fewer chances of human error, increased safety, high
production volume, and increased accuracy and repeatability. Due to such
advantages, a growing number of firms are adopting such technologies for
material handling processes. As per the International Federation of Robotics
(IFR), in 2020, 2.7 million robots worked in factories globally. 

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Market
Coverage

• Segment Covered- 

o             By Type

o             By Operation

o             By Application

o             By Component

• Competitive Landscape:
  Daifuku Co., Ltd. (Japan), Continental AG (Germany), Siemens AG (Germany),
  and Fives Group (France) 

Key
questions addressed by the report

• What is the market growth
  rate?


• Which segment and region
  dominates the market in base year?


• Which segment and region
  will project fastest growth in the market?


• How COVID-19 impacted the
  market?

o             Recovery Timeline

o             Deviation from pre-COVID forecast

o             Most affected region and segment

• Who is the leader in the
  market?


• How players are addressing
  challenges to sustain growth?


• Where is the investment
  opportunity?

Global
Conveyor System Market by Segment

By
Type

•                
Belt

•                
Roller

•                
Pallet

•                
Overhead

•                
Tri planar

•                
Bucket

•                
Floor

By
Operation

•                
Manual

•                
Automatic

•                
Semi-automatic

By
Application

•                
Mineral

•                
Metal

•                
Coal

By
Component

•                
Aluminium profile (conveyor belt support)

•                
Driving unit (motor bracket, counter-bearing, and electrical drive)

•                
Extremity unit (pulley and clamping strap)

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