The pack conveyors market, valued at US$ 8.95 billion in 2022, is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 6.50%. According to a recent research report, the market is anticipated to reach US$ 16.80 billion by 2032..
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Key Insights into the Pack Conveyors Market:
- Rising Adoption Across Industries: The proliferation of industries and the digitization of existing sectors, along with the implementation of enhanced packaging solutions, have resulted in increased adoption of pack conveyors. These conveyors play a crucial role in connecting single machines to create more efficient packaging systems.
- Enhanced Handling Systems: Companies are embracing handling systems that connect individual machines, leading to the development of more advanced packaging systems. Pack conveyors are primarily utilized for transporting carton boxes within manufacturing units, facilitating seamless movement of goods from one section to another.
- Streamlined Installation Procedures: Specific installation procedures tailored to individual cases require minimal technical expertise, contributing to the expansion of the pack conveyors market. This approach ensures smoother implementation and reduces the need for highly specialized skills, thereby driving market growth.
Companies have adopted specific installation procedures that work on the case-by-case process and require less technical skills, expanding the pack conveyors market size. Conveyor vendors introduce loose package conveyors, palletizer agilis, palletizer artis EVO, robotic conveyors, and palletizer fluens.
From belt technology to the motor’s power dynamics, vendor companies have invested in their research and development equipment for the better and more efficient performance of the conveyors. This fuels the demand for pack conveyors in new regions.
Factors that affect the Quality of Pack Conveyors
- Small-to Medium-part Handling – Vendors mostly focus on building conveyors for small and medium-grade applications such as moving small parts quickly and efficiently while also customizing the load.
- Accumulation – The key players also corner the accumulation dynamics of the conveyor that helps the belt not lose the load due to the right accumulation and fitting.
- Automated Assembly – The preference for automated assembly over manual assembly reduces costs as well as increases speed. At the same time, manual assembly demands multiple skilled technicians to do what one automated assembly can do at a faster rate.
- Positioning – The conveyors should hold the products accurately to interface with robotics and artificial intelligence. For example, manual case packers are a product of accurate positioning and artificial intelligence.
Conveyor Technology 4.0
Any industry cannot survive without the proper flow of materials and goods. Conveyor technology 4.0 is a component of the fourth industrial revolution, also known as Industries 4.0. The technology is built on AI-based chips and assembly programs that require less manpower.
Conveyor technology elements such as track sections, transfers, roller sorters, sorter induction, bends, and inclined and declined track sections while accumulating conveyor sections to optimally adapt the storage technology, thriving the sales of pack conveyors.
Regional Outlook
Geographically, the pack conveyors market can be segmented into
- North America
- Latin America
- Western Europe
- Eastern Europe,
- Asia Pacific (excluding Japan)
- Japan, and
- Middle East & Africa (MEA).
The rise in manufacturing and other industries will drive growth of the pack conveyors market in the APAC region. Asia-Pacific is expected to experience the most prominent growth, over the forecast period. India and China are forecast to be the key contributors to the global pack conveyors market in this region. Europe is expected to lead the global pack conveyors market, in terms of volume.
Key Players
Few of the key players operating in the global pack conveyors market are – ACMI SpA, S.V. Modular Conveyors Private Limited, Shuttleworth LLC, Bando Chemical Industries, Ltd., Power Pack Conveyor Company, Integrated Conveyors and Pacline Automation Technologies, Phoenix Conveyor Belt Systems GmbH, and Vetromeccanica srl.
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Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Market Segmentation:
Based on product type:
- Slat conveyors
- Belt conveyors
- Roller conveyors
- Accumulation conveyors
- LBP conveyors
Based on applications:
- Primary packaged products
- Secondary packaged products
Based on different types of chains:
- Thermoplastic resin
- Rubber
- Roller
- Modular
Based on End Use Industry:
- Food Industry
- Healthcare Industry
- Automotive Industry
- Aerospace Industry
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