Smart Conveyor Trends and Forecast
The future of the global smart conveyor market looks promising with opportunities in the food & beverage, airport, mining, construction, and transportation markets. The global smart conveyor market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing inclination towards automation in manufacturing and logistics and rising integration of conveyor systems with IoT devices and artificial intelligence so as to further enhance capabilities and efficiency.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Smart Conveyor by Segment
The study includes a forecast for the global smart conveyor by type, application, and region.
Smart Conveyor Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Belt Conveyors
• Roller Conveyors
• Others
Smart Conveyor Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Airport
• Mining
• Construction
• Transportation
• Others
Smart Conveyor Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Smart Conveyor Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies smart conveyor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the smart conveyor companies profiled in this report include-
• Dorner
• Smartmove
• BE&E
• Kengic Intelligent Technology
• Damon
• Changheng Intelligent Technology
• Hubei Guorui
Smart Conveyor Market Insights
Lucintel forecasts that belt conveyors is expected to witness higher growth over the forecast period.
Within this market, airport will remain the largest segment.
APAC is expected to witness highest growth over the forecast period.
Features of the Global Smart Conveyor Market
Market Size Estimates: Smart conveyor market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Smart conveyor market size by type, application, and region in terms of value ($B).
Regional Analysis: Smart conveyor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the smart conveyor market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the smart conveyor market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for smart conveyor market?
Answer: The global smart conveyor market is expected to grow with a CAGR of 4.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the smart conveyor market?
Answer: The major drivers for this market are increasing inclination towards automation in manufacturing and logistics and rising integration of conveyor systems with IoT devices and artificial intelligence so as to further enhance capabilities and efficiency.
Q3. What are the major segments for smart conveyor market?
Answer: The future of the smart conveyor market looks promising with opportunities in the food & beverage, airport, mining, construction, and transportation markets.
Q4. Who are the key smart conveyor market companies?
Answer: Some of the key smart conveyor companies are as follows:
• Dorner
• Smartmove
• BE&E
• Kengic Intelligent Technology
• Damon
• Changheng Intelligent Technology
• Hubei Guorui
Q5. Which smart conveyor market segment will be the largest in future?
Answer: Lucintel forecasts that belt conveyors is expected to witness higher growth over the forecast period.
Q6. In smart conveyor market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the smart conveyor market by type (belt conveyors, roller conveyors, and others), application (food & beverage, airport, mining, construction, transportation, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Smart Conveyor Market, Smart Conveyor Market Size, Smart Conveyor Market Growth, Smart Conveyor Market Analysis, Smart Conveyor Market Report, Smart Conveyor Market Share, Smart Conveyor Market Trends, Smart Conveyor Market Forecast, Smart Conveyor Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.