Consumer demand has been dynamically evolving, nudge manufacturing industries to take note and spur their automation efforts. Businesses have widely adopted conveyors in their production plants and logistics and warehouses. Continued focus on optimizing material handling systems has steered the use of conveyor systems. Conveyors have been integrated with the next-gen sorting and picking systems to boost the functionalities of the overall system, expanding the outlook of the conveyor systems market.
The adoption of range of conveyor systems in the manufacturing sector for food, automotive, and retail businesses has led to revenue generation over the years. In automotive industry, automation in conveyor systems has generated enormous business value to players in the conveyor systems market. The adoption of automatic guided vehicle has spurred revenue generation. Advancements in drive systems have conveyor systems capable of material handling across stages of production inside the factory for automotive manufacturers.
Advancements in Software and Control Mechanism Enhancing System Capabilities
The revenue possibilities in the conveyor systems are vast. A TMR study has projected the valuation to reach US$6312.5 mn by the end of 2025. A range of conveyor systems have been adopted in logistics and parcel delivery industry, thereby bolstering profitable opportunities. Portable systems have gathered traction, and is one of the major design advancements in the products in the conveyor system market.
Advances in software and control systems in conveyors are opening new frontiers for industry players in the conveyor systems market. forward-looking organizations in end-use industries are keen on adopting automation solutions for meeting the advanced requirements of material handling requirements. As a result, the integration of automation with conveyor and sortation systems has enabled equipment manufacturers to boost the capabilities.
Exponential growth of the e-commerce industries globally over the past few years have spurred new demand for conveyor systems. The retail industry has been witnessing the disruptive potential of next-gen conveyor systems. The urge to meet the retailers’ responsive fulfilment times is expected to expand the prospect of the conveyor system market.