Navigating the ASEAN Conveyor System Belt: Exploring Market Dynamics Towards 2032 – Where Strategy and Innovation Converge
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 the 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.
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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.
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.
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
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