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Dublin, Jan. 26, 2021 (GLOBE NEWSWIRE) -- The "Conveyor Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. The global market for Conveyor System is projected to reach US$9 billion by 2025, driven by the strong focus shed on automation and production efficiency in the era of smart factory and industry 4.0. Automating labor intensive operations is the starting point for automation, and as the most labor intensive process in manufacturing and warehousing, material handling is at the bottom of the automation pyramid. Defined as the movement of products and materials throughout the manufacturing process, material handling is labor intensive and expensive. Benefits of automating material handling include reduced human role in unproductive, repetitive and labor intensive tasks and the ensuing freeing up of resources for other core activities; greater throughput capability; better space utilization; increased production control; inventory control; improved stock rotation; reduced operation cost; improved worker safety; reduced losses from damage; and reduction in handling costs.Benefiting from increased investments in factory automation are conveyor systems, the workhorse of every processing and manufacturing plant. Technology innovation remains crucial to growth in the market. Few of the noteworthy innovations include use of direct drive motors that eliminate gears and helps engineer simplified and compact models; active conveyor belt systems perfected for efficient positioning of load; smart conveyors with advanced motion control technology; development of vacuum conveyors for fragile products that need to be placed securely; backlit conveyor belts for improved assembly line productivity and lower error rate; flexible (adjustable-width) conveyors that can accommodate different shaped and sized objects; energy efficient designs with smarter motors and controllers. Object detection on a conveyor belt such as food-grade metal-detectable belt or magnetic conveyor belt is a huge revenue generating innovation targeted at the food end-use industry which helps identify metal contaminants in food as it travels along the processing stages. Among the application areas, manufacturing, processing, logistics and warehousing are major end-use markets. Airports are emerging as a new end-use opportunity with growing passenger traffic and increased need to reduce baggage check-in time resulting in increased deployment of baggage conveying systems. The United States and Europe represent large markets worldwide with a combined share of 56%. China ranks as the fastest growing market with a 6.5% CAGR over the analysis period supported by the Made in China (MIC) 2025 initiative that aims to bring the country's massive manufacturing and production sector into the forefront of global technology competitiveness. Inspired by Germany's "Industry 4.0", MIC 2025 will enhance adoption of automation, digital and IoT technologies. Faced with new and changing economic forces, the Chinese government through this initiative is stepping up investments in cutting edge robotics, automation and digital IT technologies to competitively integrate into the global manufacturing chain dominated by industrialized economies such as EU, Germany and the United States and move from being a low cost competitor to a direct added-value competitor. The scenario bodes well for the adoption of conveyor systems in the country.Competitors identified in this market include, among others: Allied Conveyor Systems, Inc.BEUMER Group GmbH & Co. KGCaterpillar, Inc.Daifuku Co., Ltd.Dematic GroupDorner Mfg. Corp.Durr AGDynamic Conveyor CorporationEisenmann AGEmerson Electric Co.Fives GroupFlexlink ABHoneywell IntelligratedHytrol Conveyor Co., Inc.Interroll GroupKardex AGMahindra Tsubaki Conveyor Systems (MTC) Pvt. Ltd.Murata Machinery, Ltd.SSI Schaefer - Fritz Schaefer GmbHSwisslog Holding AGVanderlande Industries B. V. Key Topics Covered: I. INTRODUCTION, METHODOLOGY & REPORT SCOPEII. EXECUTIVE SUMMARY1. MARKET OVERVIEW Material Handling Equipment: An IntroductionPercentage Breakdown of Global Material Handling Equipment Market by Segment (2019E, 2021F and 2023F)Percentage Breakdown of Global Material Handling Equipment Market by Region (2019E, 2021F and 2023F)Conveying Equipment and Conveyor System: A PreludeTypes of ConveyorsOverhead ConveyorFloor ConveyorRoller ConveyorPallet ConveyorCrescent ConveyorBelt ConveyorOther Types of Conveyor SystemMajor Uses and ApplicationsEnergy Cost: Critical Component of a Conveyor EquipmentEnd-Use Industry OverviewGlobal Economic OutlookGlobal Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2012 through 2019Conveyor System: Market OverviewBelt Conveyors: The Most Dominant Segment TypeWarehouse & Distribution and Food & Beverage: Leading End MarketsEurope: The Largest Geographic RegionAsian Economies Led by China to Spearhead Future GrowthCompetitionGlobal Competitor Market SharesConveyor System Competitor Market Share Scenario Worldwide (in %): 2019Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS Conveyor Systems Market Growing with Demand Emanating from Conventional and Niche Application MarketsManufacturing and PackagingTransportation and LogisticsMerchandisingFactors Influencing Demand for ConveyorsNeed for Secure Environment in Industries Drive Large Scale Installation of Conveyor SystemsIntegration of Warehouse Management Technologies with Material Handling Equipment Need of the HourDistribution Logistics Simplify Outbound Movement of ProductsOmnichannel Commerce Creates a Paradigm ShiftMotorized Roller Conveyor Technology Improves Supply Chain ExcellenceDemand for Automated MHE with Conveyor Systems on the RiseGrowing Importance of Automation & Technology Drive Conveyor System Usage in Food & Beverage IndustryGlobal Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018 and 2020Rising Demand for Processed Meat: Major Growth Driver for Conveyor SystemDairy Products: Churning Out New Opportunities for Conveyor SystemGlobal Production of Butter, Cheese, Skim Milk Powder, and Whole Milk Powder (in Kilo Tons) by Developed and Developing Countries for 2017 and 2026Strong Demand for Beverages Spurs GrowthGlobal Beverage Market (2019): Percentage Breakdown of Sales by Beverage Type - Beer, Carbonated Soft Drinks, Coffee, Fruit & Vegetable Juices, Milk, Packaged Water, Tea and OthersEnsuring Sanitation of Belt Conveyors Key to Long Term ReliabilityAutomotive Industry: Shifting Gears to Automated SystemsStrengthening Automobile Production Fuels Demand for Conveyor SystemsGlobal Passenger Cars Production (In Million Units) by Geographic Region/Country for the Years 2017, 2019, 2022Steady Production of Consumer Electronics Drives Demand for Automated ConveyorsGrowth in Conveyor Belt Market Driven by Metallurgy and Mining IndustryBelt Conveyors Score over Trucking in Long Distance ScenariosSurging Demand for Air Travel Drives Need for New Airports and Infrastructure ModernizationGlobal Air Traffic Demand: Number of Air Passengers in Billion for the Years 2011 to 2025FBaggage Conveyor Systems Critical for Operational Efficiencies at AirportsSmart Airports: Opportunity for GrowthGlobal Smart Airports Market: Annual Spending Figures in US$ Million by Geographic Region for the Years 2018 and 2024Industrial Equipment/Machinery Manufacturing Industry Promises Bright ProspectsGlobal Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025Conveyor Belts and Industrial IoT ApplicationsGlobal Market for Factory Automation: Revenues in US$ Billion for the Years 2017, 2019E and 2023FSmart Monitoring through Intelligent Conveyor SystemsDemand Goes Strong for Smart Conveyor EquipmentModular Designed Conveyor Systems Add VersatilityPallet Conveyors Efficiently Transport Discreet ProductsAutomated Conveyor Systems: Indispensable for Quality ServicesGrowing e-Commerce Impacts Automated Conveyor SystemsPallet Conveyors Find Suitability in Automated ApplicationsLatest Design Trends in Conveyor SystemsSelect Conveyor Technologies: Delivering Improved Performance in Industrial SettingsDirect DriveSmart ConveyorActive Conveyor Belt TechnologyFlexible Purpose ConveyorsCompact Design ConveyorsUpgrading Gravity Roller Conveyor to Motorized Roller ConveyorAutomated Conveyors Preferred Over Chain Conveyors for Smooth and Quiet OperationChallenges in Maintenance of Conveyor BeltsMaterial Handling Industry: Common Conveyor Belt Problems and Solutions 4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSISIV. COMPETITION Total Companies Profiled: 81 For more information about this report visit https://www.researchandmarkets.com/r/ixdni CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900