This market research report offers market forecast and growth prospects for conveyer systems in the US until 2019. This research report details market segmentation by unit handling systems, conveyer components, and bulk handling systems. The leading vendors analyzed by this report include Daifuku, Fives, SSI SCHAEFER, and Swisslog.
Technavio has released its new market research report, conveyor systems market in US, which is expected to grow at a CAGR of more than 4% between 2015 and 2019. The rapid growth of manufacturing activities in process and discrete manufacturing industries is also a key growth driver for this market in the US.
“Of late, the market vendors are focusing on the development of conveyor equipment with advanced functional competencies. They are incorporating electronic intelligence into conveyor belt systems for monitoring belt condition, speed, force, tension, torque, vibration, power, and temperature for increased operational efficiency. Also, manufacturers are coming up with textile conveyor belts such as bulletproof aramid fabric conveyor belts, which are light and provide high strength,” says Sharan Raj, Lead Analyst, Transportation & Logistics, Technavio Research.
The mining and manufacturing industry in the US uses custom designed belt conveyor systems for transportation of bulk materials over long distances. These conveyor belts are custom designed as per client requirements based on specific volume-based requirements for transportation. Overhead conveyors, mobile conveyors, gravity conveyors, and inplant conveyors are some of the major type of conveyor systems used in mining and manufacturing industries.
The leading vendors in the conveyor systems market in US include Daifuku, Fives, SSI SCHAEFER, and Swisslog. Market vendors are expected to scale up their investments to build a capable workforce in the future. Conveyors are highly technical systems that require appropriately skilled and trained manpower to operate, maintain, and upgrade these systems. These developments have led to increasing expectation from conveyer belt system manufacturers.
A more detailed analysis is available in the Technavio report, Conveyor Systems Market in US 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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