Singapore Conveyors and Conveying Equipment Market (2024-2030) | Outlook, Trends, Analysis, Forecast, Revenue, Industry, Size, Value, Share, Companies & Growth

Singapore Conveyors and Conveying Equipment Market Synopsis

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.

Market Drivers

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.

Market challenges

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.

Key players

ABB Group, Fives Group, Siemens AG, Bosch Rexroth Corporation, SEW Eurodrive Gmbh & Co Kg ETC

Covid-19 Impact

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.

Key Highlights of the Report:

• Singapore Conveyors and Conveying Equipment Market Outlook
• Market Size of Singapore Conveyors and Conveying Equipment Market, 2023
• Forecast of Singapore Conveyors and Conveying Equipment Market, 2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Revenues & Volume for the Period 2020-2030
• Singapore Conveyors and Conveying Equipment Market Trend Evolution
• Singapore Conveyors and Conveying Equipment Market Drivers and Challenges
• Singapore Conveyors and Conveying Equipment Price Trends
• Singapore Conveyors and Conveying Equipment Porter's Five Forces
• Singapore Conveyors and Conveying Equipment Industry Life Cycle
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Product for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Roller Conveyors for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Belt Conveyors for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Overhead Conveyors for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Pallet Conveyors for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Other Conveyors for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Application for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Automotive for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Food and Beverages for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Engineering Machinery for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Retail for the Period 2020-2030
• Historical Data and Forecast of Singapore Conveyors and Conveying Equipment Market Revenues & Volume By Others for the Period 2020-2030
• Singapore Conveyors and Conveying Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By Application
• Singapore Conveyors and Conveying Equipment Top Companies Market Share
• Singapore Conveyors and Conveying Equipment Competitive Benchmarking By Technical and Operational Parameters
• Singapore Conveyors and Conveying Equipment Company Profiles
• Singapore Conveyors and Conveying Equipment Key Strategic Recommendations