Reportstack has announced a new market research report on the Global Conveyor Systems Market 2015-2019. The growing sophistication of conveyor systems is one of the major trends in the market. The incorporation of smart sensor and camera-based technologies aids in preventive maintenance. Most of the old systems are being automated by adding newly developed electronics and software. The Global Conveyor Systems market is expected to witness a CAGR of 2.71 percent during the forecast period of 2014-2019.
The main clienteles of conveyor systems are the manufacturing companies that handle a lot of goods. Some of the predominant end-user segments are the Retail, F&B, and Aviation sectors that need to move large quantities of goods in a short time frame. The growth of the market is attributed to the increase in manufacturing facilities worldwide, the drive toward waste elimination in organizations, and the growing demand from emerging regions such as the APAC region.
“These systems enable safe and cost-effective material transportation within manufacturing facilities and warehouses,”.
“Their advantage lies in the fact that they can move goods of varying dimensions in a fully automated process, thereby reducing the number of accidents that manual handling would cause.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
To view the table of contents and know more details please visit Global Conveyor Systems Market 2015-2019.