Exploring ASEAN’s Conveyor System Market Dynamics up to 2032 – From Strategic Marketing to Innovation Surges

Conveyor System Market

The ASEAN Conveyor System Market report, authored by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—unveils profound insights and meticulous analysis of the ASEAN Conveyor System market. Encompassing the research’s ambit and essence, the report scrutinizes the driving determinants, market expanse, and predictive statistics for ASEAN Conveyor System. It offers exhaustive breakdowns of revenue and shipment segments, with an extensive 10-year forecast till 2032. Furthermore, the document evaluates pivotal industry players, their market apportionments, the competitive terrain, and regional insights.

The market for conveyor systems in ASEAN was valued at US$ 1.7 billion in 2021 and is expected to increase at a CAGR of 7.1% to US$ 3.7 billion by 2032. By the conclusion of the predicted period, more than 22% of ASEAN’s total conveyor system deployment will be made up of roller conveyor systems.

As the need for warehousing increases, the conveyor system market is anticipated to grow. The demand for the warehousing and intralogistics industries will increase as diverse industries grow since a sizeable part of new business initiatives will require considerable warehousing services and products. The conveyor system market is being boosted by the ASEAN region’s expanding e-commerce industry, which is also strengthening the warehousing business.

The Indonesia market is expected to dominate the ASEAN Conveyor System Market in terms of revenue in 2022 and to grow throughout the forecast period. Indonesia will account for nearly 30% of the ASEAN market. The ASEAN conveyor system market accounts for ten to twelve percent of the global conveyor system market.

Request Sample Report: Empower Your Industry Understanding with Invaluable Insights:
https://www.futuremarketinsights.com/reports/sample/rep-gb-15703

Conveyor systems are in high demand as the automotive industry strives to maintain agility in the assembly process. A well-functioning conveyor system is essential during production because there are numerous parts that must be moved around. Conveyor systems provide many benefits to automakers, including the ability to move parts quickly and efficiently along the production line. Conveyor systems can also help reduce labor costs by automating some of the tasks associated with moving parts from one station to the next.

Conveyor systems will continue to play an important role in assembly line operations as the automotive industry strives to maintain a competitive edge.

Demand for Energy-efficient Conveyor System

Industries are increasingly focusing on lowering energy costs by using efficient processes and products. A material handling facility uses a lot of energy. Lighting, heating, cooling, machinery operations, and peak-time operations are the areas in which more energy is necessary and is generally more utilized. This presents challenges and prospects with regards to energy sustainability, as facilities may use old, inefficient motors. In tune with this requirement, manufacturers of conveyor systems are presenting conveyor with energy-efficient systems for various applications. For instance, manufacturers are evolving conveyor systems with better visco-elastic properties, which can reduce energy consumption by up to 20%.

Which Industry has more Demand for Conveyor Systems in the ASEAN Market:

According to research, the automotive industry is the most popular, followed by intralogistics and warehousing. The automotive industry is expected to maintain its dominance throughout the forecast period.

The ASEAN region offers numerous opportunities for automotive and vehicle component manufacturers. Vehicle demand rises as the region’s economy strengthens and the number of middle-class households with high net disposable income rises. Growth in production and sales figures is expected to continue as demand for cars and other motor vehicles rises. The ASEAN region’s growing automotive industry is expected to drive up demand for conveyor systems.

The Automotive industry is set to grow with a CAGR of 7.6% and is estimated to create an absolute dollar opportunity worth US$ 256.7 Million during the forecast period.

Key Companies Profiled:

  • TUKU Singapore Pte Ltd
  • MIS Belt Centre Pte Ltd
  • Kaiye Industries (M) Sdn Bhd
  • DNC AUTOMATION (M) SDN BHD
  • PRIMECH
  • CBR CONVEYOR SYSTEMS SDN BHD
  • PT. Rollent Indonesia
  • PT. Suprabakti Mandiri
  • PT. Almec Indonesia
  • RexLine Engineering Indonesia
  • MAE SYSTEMS ENGINEERING (THAI) CO., LTD
  • Nagasaki KIKI (Thailand)
  • NKC THAI NAKANISHI
  • PLIC Corp., Ltd.

Unlock Exclusive Market Segments Insights: Buy Now to Discover Vital Trends, Drivers, and Challenges in this Industry:
https://www.futuremarketinsights.com/checkout/15703

ASEAN Conveyor System Market Key Segments

By Product Type:

  • Belt Conveyor
  • Roller Conveyor
  • Pallet Conveyor
  • Overhead Conveyor
  • Tri-Planar Conveyor
  • Crescent Conveyor
  • Skid Conveyor
  • Trailer Conveyor
  • Others

By Operation Type:

  • Manual
  • Semi-Automatic
  • Automatic

By Capacity Type:

  • Unit Handling
  • Bulk Handling

By Application Type:

  • Packaging & Warehouse Distribution
  • Textile & Paper
  • Construction & Mining
  • Automotive & Transportation
  • Consumer Electronics
  • Food & Beverage
  • Chemical & Pharmaceutical

 About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these