- The key vendors in the Conveyor Systems Market in Europe 2015-2019 are Dematic Group, Siemens AG, SSI Schaefer GmbH and Swisslog Holding AG.
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Conveyor Systems Market in Europe 2015-2019. One of the major trends emerging in this market is consolidation. Major acquisitions and takeovers are expected during the forecast period, which is expected to reduce the competitiveness of the market and place most of the power in the hands of a few large players. It will be difficult for niche market participants to compete with larger corporations in terms of price, quality, and diversity of offerings. The Conveyor Systems market in Europe is expected to witness a CAGR of 2.57 percent during the forecast period of 2014-2019.
Conveyor systems are highly sophisticated electro-mechanical systems that are used to handle materials in industrial operations, which include handling, storage, and transportation of unit and bulk loads between consecutive workstations. Moreover, growth of the market is attributed to the drive toward waste elimination in organizations, increase in manufacturing facilities, and growing demand from emerging regions in Eastern Europe.
“The popularity of RFID-based conveyor systems, especially for baggage handling at airports, is increasing because of the enhanced baggage tracking and conveyance options they offer,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio 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.
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