Intralogistics Conveyor Systems Market Size, Share, Growth, and Industry Analysis, By Type (Roller Conveyors, Belt Conveyors, Pallet Conveyors, Overhead Conveyors, and Other Conveyors), By Application (Automotive, Food & Beverage, Engineering Machinery, Retail, and Others), Regional Insights, and Forecast To 2031

Intralogistics Conveyor Systems Market REPORT OVERVIEW

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The global intralogistics conveyor systems market size was USD 11160 million in 2020 and market is projected to touch USD 17196.9 million by 2031, at a CAGR of 3.2% during the forecasting period.

A form of material handling machinery called an intralogistics conveyor system is made to transport products inside a warehouse or distribution facility. They can either have power or not. It includes everything, from the very first raw material supply to the very last finished product delivery. Since they are used to transport resources and items inside warehouses and manufacturing facilities, conveyor systems are essential to intralogistics. These factors are expected to drive the intralogistics market growth in the coming years.

COVID-19 Impact: Detrimental Impact of the Pandemic to Hamper Market Growth

Sorting, cross-docking, distribution, and warehousing processes all require automated conveyor systems. To maximise warehouse space efficiency and keep up with demand spikes brought on by the COVID-19 pandemic, retailers are converting to automated systems. Lockdown imposed by COVID-19 resulted in the stoppage of commercial activity and the closure of manufacturing facilities. Restarting manufacturing facilities at a fraction of their previous production rates, a lack of raw materials for conveyor belts, and a disrupted supply chain will all have a detrimental impact on the demand for belt conveyor systems.

LATEST TRENDS

"Technological Advancements to Augment Market Growth"

There are various subsectors of the intralogistics conveyor systems market, including Roller Conveyors, Belt Conveyors, Overhead Conveyors, Pallet Conveyors, and Other Conveyors. The following intralogistics operations use conveyor systems: conveying, loading, palletizing, packaging, sorting, and distribution. Conveyor technology is essential to intralogistics. The management, control, execution, and optimization of internal material and product flow and logistics in business and industry depend on conveyor systems. A key area of innovation in internal logistics, which is used in all industrial sectors, is conveyor technology.

Intralogistics Conveyor Systems Market SEGMENTATION

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• By Type

Based on type; the market is divided into Roller Conveyors, Belt Conveyors, Pallet Conveyors, Overhead Conveyors, and Other Conveyors.

• By Application

Based on application; the market is divided into Automotive, Food & Beverage, Engineering Machinery, Retail, and Others.

DRIVING FACTORS

"Increasing Adoption in Automation to Propel Market Growth"

The increasing automation of various industries is the main factor propelling the market for conveyor systems worldwide. Industry-wide automation lowers labour costs, frees up workers' time, and boosts productivity. Additionally, automation makes it possible to manage higher volumes of work with less labour. Automated conveyors contribute to higher productivity by offering practical solutions like handling more goods in less time. Additionally, businesses are implementing lean manufacturing techniques, which help them boost productivity by cutting down on waste during the manufacturing process and enhance delivery quality. Conveyor system adoption rises as a result of this.

"Increasing Demand from Supply Chain Operations to Enhance Market Expansion"

New conveyor systems with updated designs and automated functions have been developed as a consequence of customization to meet the needs of various end users. In addition, the need for belt conveyors has been sparked by the growth of malls and airports in middle-income nations. End users have been urged to implement industrial automation solutions such conveyor systems to facilitate inline operation and production as a result of the growing complexity of supply chains and business operations as well as rising customer demand. This will increase demand for warehouse space, which is likely to boost intralogistics conveyor system market sales.

RESTRAINING FACTORS

"High Prices to Constraint Market Growth"

Due to the price of the supports, wire rope, truss, power source, belt, and hardware, however, high initial costs connected with conveyor are restricting the market for conveyor systems.

Intralogistics Conveyor Systems Market REGIONAL INSIGHTS

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"Increasing Investment to Foster Growth in North America"

Geographically speaking, this market is extensive in North America and holds largest portion of intralogistics conveyor systems market share. To accommodate this rise in air traffic and air freight transport, the U.S. government is investing in the development of new airports and the expansion of existing ones. With the country's intralogistics conveyor systems market likely to increase favourably as a result of this investment.

In China, conveyor systems are used in the food and beverage and agricultural industries. Belt conveyor systems are expected to become more popular in the nation as a result of modernization in the food processing industry and the introduction of automated production lines in the packaged food and beverage industry.

Germany's technologically advanced automotive industry and booming food and beverage industry are projected to help it dominate the European intralogistics conveyor systems market over the forecast period.

KEY INDUSTRY PLAYERS

"Tough Rivalry Among Market Players to Boost Market Growth"

According to market data, the market for conveyor systems is fragmented due to the existence of numerous regional and international market competitors. The increasing demand and low manufacturing costs are to blame for the increase in manufacturers. In order to install their conveyor systems and obtain a clear advantage in this cutthroat market, conveyor system market participants are collaborating with several end users.

LIST OF TOP Intralogistics Conveyor Systems COMPANIES

• Daifuku (Japan)
• Ssi Schaefer (U.S.)
• Bosch Rexroth (Germany)
• Murata Machinery (Japan)
• Dematic Group (U.S.)
• Vanderlande (Netherlands)
• Fives Group (France)
• Swisslog (Switzerland)
• Siemens (Germany)
• BEUMER Group (Germany)
• Honeywell Intelligrated Inc. (U.S.)
• Interroll (Switzerland)

REPORT COVERAGE

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