Product Code: ETC024827 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Singapore conveyors and conveying equipment market was valued at US$ 3, 114. 4 million in 2020 and is expected to grow at a CAGR of 9.3% during the forecast period from 2021 to 2026. The increasing demand for automation across diverse industries such as automotive, food & beverage, healthcare, e-commerce fulfillment and construction are driving the growth of the Singapore conveyors and conveying equipment market. Technological advancements such as automated guided vehicles (AGV), Automated Storage & Retrieval System (ASRS) are further propelling its adoption by end users in warehouses or other operations with material handling requirements.
Increasing need for automation due to rising labor costs is driving the demand for conveyor belts in logistics applications globally.Growing focus on improving operational efficiency through resource optimization is pushing up investments on conveying systems. Rapid industrialization coupled with rising urban population has increased dependence on efficient warehousing solutions.
High initial cost associated with installation of advanced systems may restrict its widespread adoption in certain industry sectors.Lack of skilled workforce may hinder proper functioning of these systems resulting into losses incurred by businesses.
ABB Group, Fives Group, Siemens AG, Bosch Rexroth Corporation, SEW Eurodrive Gmbh & Co Kg ETC
The outbreak of Covid-19 pandemic had severely affected global economies including that of Singapore which resulted into lower production capacity utilization rate leading to decline in manufacturing activities along with reduced order volumes from customers adversely impacting supply chain operations worldwide during 2020. However going forward it will be observed that more companies would deploy robotic solutions including AGVs along with safety measures like contactless delivery services as part of their strategy to minimize risk associated while dealing with human interaction at workplace amid ongoing pandemic situation thus boosting overall business efficiency leading towards rise in sales volume registered by manufacturers operating within this space over near future period.
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 Singapore Conveyors and Conveying Equipment Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Conveyors and Conveying Equipment Market - Industry Life Cycle |
3.4 Singapore Conveyors and Conveying Equipment Market - Porter's Five Forces |
3.5 Singapore Conveyors and Conveying Equipment Market Revenues & Volume Share, By Product, 2020 & 2030F |
3.6 Singapore Conveyors and Conveying Equipment Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 Singapore Conveyors and Conveying Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Conveyors and Conveying Equipment Market Trends |
6 Singapore Conveyors and Conveying Equipment Market, By Types |
6.1 Singapore Conveyors and Conveying Equipment Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Product, 2020-2030F |
6.1.3 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Roller Conveyors, 2020-2030F |
6.1.4 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Belt Conveyors, 2020-2030F |
6.1.5 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Overhead Conveyors, 2020-2030F |
6.1.6 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Pallet Conveyors, 2020-2030F |
6.1.7 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Other Conveyors, 2020-2030F |
6.2 Singapore Conveyors and Conveying Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.3 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Food and Beverages, 2020-2030F |
6.2.4 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Engineering Machinery, 2020-2030F |
6.2.5 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Retail, 2020-2030F |
6.2.6 Singapore Conveyors and Conveying Equipment Market Revenues & Volume, By Others, 2020-2030F |
7 Singapore Conveyors and Conveying Equipment Market Import-Export Trade Statistics |
7.1 Singapore Conveyors and Conveying Equipment Market Export to Major Countries |
7.2 Singapore Conveyors and Conveying Equipment Market Imports from Major Countries |
8 Singapore Conveyors and Conveying Equipment Market Key Performance Indicators |
9 Singapore Conveyors and Conveying Equipment Market - Opportunity Assessment |
9.1 Singapore Conveyors and Conveying Equipment Market Opportunity Assessment, By Product, 2020 & 2030F |
9.2 Singapore Conveyors and Conveying Equipment Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Singapore Conveyors and Conveying Equipment Market - Competitive Landscape |
10.1 Singapore Conveyors and Conveying Equipment Market Revenue Share, By Companies, 2023 |
10.2 Singapore Conveyors and Conveying Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |