Industries are increasingly adopting eco-conscious practices, driving a surge in the gravity conveyor system market. With a strong emphasis on enhancing operational efficiency and productivity while prioritizing sustainability, demand for these systems is skyrocketing.
NEWARK, Del, March 13, 2024 (GLOBE NEWSWIRE) -- According to Future Market Insights (FMI), the global gravity conveyor system market value is forecast to increase from US$ 484.5 Million in 2024 to US$ 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%. rubber coated roller
The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at a robust CAGR of 5.4% through 2034.
The global expansion of the gravity conveyor system market is anticipated to be significant, with a predicted increase of around 1.5X by 2034. This is due to the growing demand for efficient material-handling processes in several industries, including retail, manufacturing, logistics, and healthcare. Gravity conveyor systems will continue to expand in popularity due to their versatility, cost-effectiveness, and ability to enhance efficiency in material handling processes across diverse industries worldwide.
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China is poised to maintain its steady position in the global gravity conveyor system market, capturing around 29.5% of the market share by 2024. China boasts a vast manufacturing infrastructure and skilled labor force, allowing for efficient and cost-effective production of gravity conveyor systems. Additionally, the country's well-established supply chain networks and access to raw materials ensure smooth production and distribution processes, meeting global demand effectively.
“The gravity conveyor system market is poised to witness healthy growth due to escalating e-commerce, expanding industrial sectors, and increasing emphasis on supply chain optimization. With the growing demand for efficient material handling solutions across retail, manufacturing, logistics, and agriculture industries, adoption of gravity conveyor systems is expected to rise,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Key Takeaways from the Report:
The global market for gravity conveyor systems is projected to thrive at 5.2% CAGR through 2034.
By conveyor types, the gravity roller conveyor segment is expected to have a total valuation of US$ 268.7 Million by 2034.
By end-use, the industrial machinery segment is set to attain a valuation of US$ 277.5 Million by 2034.
North America is expected to account for a significant share of about 24.0% in 2024.
Europe’s industry value is anticipated to reach US$ 101.8 Million by 2024.
China is projected to attain a valuation of US$ 237.3 Million by 2034.
Demand in India is predicted to rise at 5.7% CAGR through 2034.
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The global gravity conveyor system market is moderately consolidated, with leading players accounting for about 40% to 45% share. Bosch Rexroth, Siemens, Dematic, Rexnord, Durr AG, and Buhler Group are the leading manufacturers and suppliers of gravity conveyor systems listed in the report.
Key Companies Profiled in the Gravity Conveyor System Market:
Fujian Gao Chuang Machinery Co.
Recent Development in the Gravity Conveyor System Market:
In February 2024, Ultimation Industries launched two new products under its heavy-duty gravity roller conveyor portfolio. The products come with two lengths that would enable manufacturers, shipping companies, and warehouses to gain access to novel material handling features.
More Insights into the Gravity Conveyor System Market Report:
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global gravity conveyor system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on conveyor type, capacity, material, sales channel, end-use, and region.
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Gravity Conveyor System Market Segmentation Analysis:
About the Industrial Automation Division at Future Market Insights:
The industrial automation team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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