Conveyor market will grow in 2021

02-04-2022 339

The global conveyor belt market is expected to reach an estimated value of US$6.3 billion by 2023 at a compound annual growth rate of 3%.

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Conveyor systems are an indispensable but vital tool in modern industrial facilities. Crucial in automation, these material handling equipment transport bulk materials through a manufacturing or distribution facility, eliminating the need for forklifts or other forms of manual movement and increasing production speed, efficiency and output.

Used to perform a number of functions in industrial applications, including finishing, material handling and fabrication, assembly, distribution and order fulfillment, conveyor systems are also used. for harvesting, mulching, grain processing and storage in agriculture.
 

Expected growth of conveyors


The global conveyor belt market is expected to reach an estimated value of US$6.3 billion by 2023 at a compound annual growth rate of 3%. This growth can be attributed to the following industries:
 

- Industrial production


In the industrial sector, this growth was largely driven by growing demand in the power, mining, manufacturing and construction industries. Fierce competition in these areas has also forced companies to depend on tools and equipment, such as conveyors, to increase productivity, efficiency, profitability, and process automation. submit.
 

- Agriculture


With the world population expected to reach nearly 10 billion by 2050, food demand is expected to grow between 59% and 98%. Agricultural companies and farmers worldwide are increasingly using conveyors to improve productivity to meet projected demand.
 

- International demand


In terms of growth contribution by region, Asia is considered the leading market, followed by North America and Europe. Other regions expected to affect the conveyor belt market growth include the Middle East, Africa, and Latin America.

However, oversupply from conveyor manufacturers is anticipated to limit the market growth. Until demand exceeds supply, oversaturated inventory will negatively impact market growth. Despite this, investors and industry experts remain optimistic that the conveyor belt market will continue to prosper and achieve its expected growth target.
 

Types of automatic conveyor systems


Many conveyor systems can be used in standard applications. Common automatic conveyor systems are listed and described below:
 

- Belt Conveyor


Consisting of a loop belt of metal or rubber linked sections, belt conveyors are the most common type of conveyor system. They are found in loading applications in manufacturing plants, airports, and warehouses
 
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- Screw conveyor


A screw conveyor is a large screw that transports materials by rotating. As the screw rotates, the material follows the rotation direction to the conveying area.
 

- Chain conveyor


Commonly used in the automotive industry, chain conveyors consist of a large chain formed in a loop around two pulley wheels. As the wheels rotate, the chain moves forward. Most chain conveyors have hooks on the links so that large, bulky items can be transported and transferred to the next conveyor.
 
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- Vibrating Conveyor


Designed to transport volatile items or materials with water, the vibrating conveyor is inclined at a 45 degree angle. This inclination allows the conveyor to sort materials while they are being transported.
 

- Pneumatic conveyor


Pneumatic conveyors use compressed air or vacuum tubes to push items through a system of pipes or ducts.
 
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Conveyors are used because they are fairly easy to design and maintain, and the variety of conveyor systems available allows them to perform different roles. In manufacturing plants with assembly lines, standard conveyors can often be a simple method of transporting goods along the production line, a much more efficient solution than manual transportation. equipment or materials to each production station.
 

Ending


Since the advent of the assembly line, conveyor systems have become the mainstay of factories and warehouses for transporting materials along production lines or storage facilities. However, conveying systems can also be fully mechanized and automated to transport heavier materials and to interact with automated production lines. Conveyors are essential in many areas of manufacturing operations to move a wide variety of materials quickly, efficiently and safely.

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