As per this study the Global Flexible Conveyors Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX K Meters in 2021 and is expected to reach XX K Meters by 2028 with a CAGR of XX%.
Flexible conveyors are the type of conveyor system that offers a rapid and safe way of transferring goods. These are the extendable conveyors that can be rolled out, stretched, expanded and compact according to the need and space available. It requires lesser space for storage since the extendable conveyor can be closed quickly to a fraction of its length. It is used to transport goods in warehouses, packaging line and other operations.
Rising demand from various industries such as retail, automobile, food and beverages and others is driving the market growth. Ongoing industrialization resulting in higher demand for automation to reduce manufacturing cost is also supporting the market growth. Rising need of handling huge volume of goods and enhance operational efficiency is propelling the market growth. However, the high cost of installation may hinder market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of flexible conveyors.
The broad flexible conveyors market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Warehouse & Distribution
- Food & Beverage
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for flexible conveyors in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Flexible Conveyors Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the flexible conveyors market includes Bastian, Continental, CSL, Daifuku, Dematic, Emerson, Fives, Honeywell Intelligrated, Interroll Holding GmbH, Invata, Khare Group, Phoenix Conveyor Belt Systems, Siemens, Somi Conveyor Beltings, SSI Schaefer, Swisslog, Taikisha, TGW Logistics Group, Vanderlande Industries B.V. and Westfalia among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.