Product Code: ETC035749 | 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 conveyor system market is expected to grow at a CAGR of 4.9% from 2025-2031. The growth in the market can be attributed to rising investments in infrastructural projects, increasing industrialization, and growing demand for automation across industries. In addition, the entry of global players in the domestic market has further boosted the demand for conveyor systems. Moreover, with advancements in technology and materials handling processes, new innovative products are being developed that have enabled manufacturers to offer cost-effective solutions to customers. Furthermore, accelerating transportation & logistics activities along with government initiatives such as ???Make in India??? are also contributing significantly towards driving market growth over the forecast period
Due to COVID 19 pandemic several manufacturing units including food processing and pharmaceuticals industry have been shut down due its effects on human health which has caused significant disruption supply chain activities leading a decline in sales of conveyors systems during 2024-21 period but as per expectation it will recover soon after lockdown restrictions ease off
The major factors driving growth of Philippines conveyor system market include rising investments by government and private companies for infrastructure development projects; growing industrialization; technological advances leading to enhanced productivity; increasing adoption of automated material movement equipment; availability of raw material resources such as rubber & plastic at lower costs; expanding e-commerce sector requiring advanced packaging lines ; rapid urbanization resulting into high demand for efficient warehousing operations etcetera
The major challenges faced by this industry includes fluctuating prices of raw materials affecting operational cost structure ; shortage skilled labor force leading delay project implementation; limited capacity utilization due inadequate finance facility etcetera
Some key players operating in Philippine conveying system industry include Siemens AG , ABB Ltd , Daifuku Co., Ltd., Intelligrated (Honeywell) , Fives Group STC Systems Inc., Nidec Corporation , TGW Logistics Group GmbH etcetera
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 System Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Conveyors System Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Conveyors System Market - Industry Life Cycle |
3.4 Philippines Conveyors System Market - Porter's Five Forces |
3.5 Philippines Conveyors System Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Conveyors System Market Revenues & Volume Share, By End-Use Industry, 2021 & 2031F |
4 Philippines Conveyors System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Conveyors System Market Trends |
6 Philippines Conveyors System Market, By Types |
6.1 Philippines Conveyors System Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Conveyors System Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Conveyors System Market Revenues & Volume, By Belt, 2021-2031F |
6.1.4 Philippines Conveyors System Market Revenues & Volume, By Roller, 2021-2031F |
6.1.5 Philippines Conveyors System Market Revenues & Volume, By Pallet, 2021-2031F |
6.1.6 Philippines Conveyors System Market Revenues & Volume, By Overhead, 2021-2031F |
6.1.7 Philippines Conveyors System Market Revenues & Volume, By Floor, 2021-2031F |
6.1.8 Philippines Conveyors System Market Revenues & Volume, By Crescent, 2021-2031F |
6.1.9 Philippines Conveyors System Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Philippines Conveyors System Market Revenues & Volume, By Others, 2021-2031F |
6.2 Philippines Conveyors System Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Conveyors System Market Revenues & Volume, By Warehouse & Distribution, 2021-2031F |
6.2.3 Philippines Conveyors System Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.4 Philippines Conveyors System Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.5 Philippines Conveyors System Market Revenues & Volume, By Electronics, 2021-2031F |
6.2.6 Philippines Conveyors System Market Revenues & Volume, By Mining, 2021-2031F |
6.2.7 Philippines Conveyors System Market Revenues & Volume, By Airport, 2021-2031F |
7 Philippines Conveyors System Market Import-Export Trade Statistics |
7.1 Philippines Conveyors System Market Export to Major Countries |
7.2 Philippines Conveyors System Market Imports from Major Countries |
8 Philippines Conveyors System Market Key Performance Indicators |
9 Philippines Conveyors System Market - Opportunity Assessment |
9.1 Philippines Conveyors System Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Conveyors System Market Opportunity Assessment, By End-Use Industry, 2021 & 2031F |
10 Philippines Conveyors System Market - Competitive Landscape |
10.1 Philippines Conveyors System Market Revenue Share, By Companies, 2024 |
10.2 Philippines Conveyors System Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |