LONDON, Dec. 21, 2015 /PRNewswire/ -- The US is a steadily growing region in the global material handling market. Its growth drives the demand for conveyer systems in the region. Technavios market research analysts predict the global conveyer systems market in the US to reach close to USD 10 billion in revenues by 2019.
Major customers of conveyor systems in the US range across multiple manufacturing industries and sectors where goods are handled. The rapid growth of manufacturing activities in process and discrete manufacturing industries is also a key growth driver for this market. Various process industries such as F&B, oil and gas, and petrochemicals use conveyor equipment to goods at various stages such as processing, packaging, and assembling.
Conveyor systems market in US by type of equipment
Unit handling systems
Bulk handling systems
Based on the key findings of this research report, a decline in the market share of bulk handling systems is anticipated during the forecast period. It is attributed to the rapid growth of the other two segments, especially the conveyor components segment.
Growing demand from mining and manufacturing industries
The growing complexity in the supply chain process with regards to transportation and handling of materials in manufacturing and mining industries has surged the adoption of conveyor systems in the SCM process.
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.
Leading vendor analysis for the conveyer systems market in the US
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. Lack of such personnel is a matter of concern for end-users of this market. Retaining talented and experienced professionals with expertise in handling specific systems will emerge as a priority area for the market vendors during the forecast period.
Other prominent vendors of this market include Allied Conveyor Systems, Caterpillar, Dorner Conveyors, Dynamic Conveyor, Eisenmann, Emerson, Flexlink, FMC Technologies, Intelligrated, Interroll, Murata Machinery, Nordstrong Equipment, Redler, RUD, Shuttleworth, Taikisha, and Vanderlande.
Key questions answered in the report
What are the key factors driving the conveyer systems market in the US
What are the key market trends impacting the growth of the conveyer systems market in the US
What are the various opportunities and threats faced by the vendors in the conveyer systems market in the US
Trending factors influencing the market shares for the conveyer systems market in the US
Key outcome of the five forces analysis on the conveyer systems market in the US
Growth forecast of the conveyer systems market in the US
Technavio also offers customization on reports based on specific client requirement.
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Global Material Handling Equipment Market 2015-2019
Material Handling Equipment Market in the US 2015-2019
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