Product Code: ETC024829 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines conveyors and conveying equipment market is estimated to register a CAGR of 3.6% during the forecast period, 2025-2031. The growing demand for automation solutions in warehouses and plants due to labor shortage, along with advancements in technology such as automation, have driven the growth of the conveyor systems market in the country. In addition, an increase in investment by industrial establishments has further contributed to the growth of this market. Moreover, government initiatives like `Build Build Build` program are also expected to boost investments into infrastructure projects thereby augmenting demand for these products over next five years
The increasing investments made by industrial establishments towards purchasing new material handling equipment such as conveyor systems have been driving the progress of this industry significantly across Philippines. This trend is expected to continue throughout forecast period owing to rising competition among manufacturers resulting from increased number of new entrants into this market space. Additionally, with rising labor shortages in certain parts of Philippines coupled with cost reduction benefits offered by automated systems; adoption rate for machine-controlled conveyors are on rise within various industries including automotive sector and food processing & packaging sector among others leading companies operating within these sectors prefer using automated machines or robotic arms instead manual workers while performing routine tasks which require repetitive motion thereby positively influencing sales revenue generated from sale of conveyor systems across region during coming years.
Over past few years logistics industry witnessed significant surge due its wide range applications across numerous industries including aviation, e-commerce etc., which have given impetus towards development various types automated installations that facilitate movement goods between different sections warehouse easily efficiently at same time reducing production costs considerably thus providing much needed fillip towards overall expansion Filipino logistics industry consequently boosting demand conveyor equipment significantly region during forecast period
Despite their high efficiency compared manual operations installation maintenance costly do not offer flexibility it comes change layout long term usage required maximize return investment Further . single flaw system can disrupt entire workflow wherein needs be serviced repaired immediately causing notable losses terms productivity work hours lost repair process
Major players operating Philippine???s conveying system includes Daifuku Co Ltd (Japan), Fives Group (France), Mecal
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Conveyors and Conveying Equipment Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Conveyors and Conveying Equipment Market - Industry Life Cycle |
3.4 Philippines Conveyors and Conveying Equipment Market - Porter's Five Forces |
3.5 Philippines Conveyors and Conveying Equipment Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Conveyors and Conveying Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Conveyors and Conveying Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Conveyors and Conveying Equipment Market Trends |
6 Philippines Conveyors and Conveying Equipment Market, By Types |
6.1 Philippines Conveyors and Conveying Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Roller Conveyors, 2021-2031F |
6.1.4 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Belt Conveyors, 2021-2031F |
6.1.5 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Overhead Conveyors, 2021-2031F |
6.1.6 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Pallet Conveyors, 2021-2031F |
6.1.7 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Other Conveyors, 2021-2031F |
6.2 Philippines Conveyors and Conveying Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Food and Beverages, 2021-2031F |
6.2.4 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Engineering Machinery, 2021-2031F |
6.2.5 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Retail, 2021-2031F |
6.2.6 Philippines Conveyors and Conveying Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Conveyors and Conveying Equipment Market Import-Export Trade Statistics |
7.1 Philippines Conveyors and Conveying Equipment Market Export to Major Countries |
7.2 Philippines Conveyors and Conveying Equipment Market Imports from Major Countries |
8 Philippines Conveyors and Conveying Equipment Market Key Performance Indicators |
9 Philippines Conveyors and Conveying Equipment Market - Opportunity Assessment |
9.1 Philippines Conveyors and Conveying Equipment Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Conveyors and Conveying Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Conveyors and Conveying Equipment Market - Competitive Landscape |
10.1 Philippines Conveyors and Conveying Equipment Market Revenue Share, By Companies, 2024 |
10.2 Philippines Conveyors and Conveying Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |