The ASEAN Conveyor System market was valued at USD 1.7 billion in 2021 and is expected to grow at a CAGR of 7.1%, reaching USD 3.7 billion by 2032. Roller conveyor systems are projected to account for more than 22% of the total ASEAN conveyor system deployment by the end of the forecast period.
The increasing need for warehousing, driven by growth in various industries and the e-commerce sector, is a significant factor contributing to the market’s expansion. As the region’s e-commerce industry flourishes, demand for efficient intralogistics and warehousing services is rising, propelling the growth of the conveyor system market.
Indonesia is expected to dominate the ASEAN Conveyor System Market, accounting for nearly 30% of the market in 2022, and this trend is projected to continue throughout the forecast period. The ASEAN conveyor system market represents 10-12% of the global conveyor system market.
The automotive industry is also a key sector for conveyor systems, as they enable quick and efficient movement of parts during production, reducing labor costs and improving agility in assembly processes.
Demand for Energy-Efficient Conveyor Systems: As industries seek to reduce energy costs, manufacturers are developing more energy-efficient conveyor systems, with innovations such as conveyor systems that have improved visco-elastic properties, which can reduce energy consumption by up to 20%.
Key Takeaways:
- Market Growth: The ASEAN conveyor system market is projected to grow at a CAGR of 7.1%, reaching USD 3.7 billion by 2032.
- E-commerce and Warehousing: Rising demand for warehousing, fueled by the e-commerce boom, is a significant driver of market growth.
- Roller Conveyor Dominance: Roller conveyor systems are expected to account for over 22% of the total ASEAN market by 2032.
- Indonesia Leads the Market: Indonesia is set to dominate the ASEAN conveyor system market, contributing nearly 30% of the region’s revenue in 2022.
- Energy Efficiency: The focus on reducing energy consumption is driving innovation in energy-efficient conveyor systems, with new technologies helping cut energy use by up to 20%.
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
- Rollent Indonesia
- Suprabakti Mandiri
- Almec Indonesia
- RexLine Engineering Indonesia
- MAE SYSTEMS ENGINEERING (THAI) CO., LTD
- Nagasaki KIKI (Thailand)
- NKC THAI NAKANISHI
- PLIC Corp., Ltd.
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
Report Preview: https://www.futuremarketinsights.com/reports/asean-conveyor-system-market
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