A conveyor system is a mechanical goods
handling equipment, for translocating materials from one place to another. It
has gained substantial demand from industrial sector in recent past years due
to process automation. Myanmar conveyor systems market is expected to grow at a
formidable rate during the forecast period. The Myanmar conveyor systems market
is driven by the mounting requirement for managing large quantities of bulky goods.
Moreover, growing investments in food & beverage, automotive sector, among
others is further bolstering the market growth in the country. Additionally, growing
industrialization coupled with need of automation in order to minimize the
manufacturing costs and waste are further driving the market in the country.
The Myanmar
conveyor systems market is segmented based type, location, load, operation, end
user industry, company and region. Based on type,
the market can be categorized into belt, roller, overhead, floor, pallet,
crescent, cable and bucket. Among them, the belt conveyor is estimated to
dominate the conveyor market in terms of largest market share during the
forecast period on account of its widespread use in numerous industries such as
food & beverages, airport, electronics, warehouse & distribution and
mining. This belt conveyor segment is projected to see increased demand as
these industries will continue to witness growth in the coming years. In
addition to this, belt conveyors offer several benefits in conveying variety of
goods of regular or irregular shape, large or small products, light or heavy
weight, which is boosting the segment growth in the market. Also, the crescent
type of conveyor is anticipated to be the fastest growing segment during the
forecast period which can be accredited to the fact that these conveyors are very
easy to handle, customize and to clean.
Major players
operating in the Myanmar conveyor systems market include Emerson Myanmar
Ltd., Gurukrupa Wirenetting Industries, Eternal Co., Ltd (Dongil Rubber Belt), General
Machinery Trading Co., Ltd, Siemens Myanmar, Continental Conveyor Ltd., Honeywell
Pte Ltd., Murata Machinery, Ltd, Caterpillar Inc., Taikisha Myanmar Co., Ltd. and
others. The companies
are adopting advanced strategies such as contract/agreements in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions, partnership, product launches and expansion. For instance, renowned
groups like Swisslog and Dematic Group have adopted acquisition as part of their
strategy to build up their market share.
Years considered
for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and forecast the market size of Myanmar conveyor
systems market.
- To classify and forecast Myanmar conveyor systems market
based on type, location, load, operation, end user industry, company and
regional distribution.
- To identify drivers and challenges for Myanmar conveyor
systems market.
- To examine competitive developments such as expansions,
new product launches, mergers & acquisitions, etc., in Myanmar conveyor
systems market.
- To identify and analyze the profile of leading players
operating in Myanmar conveyor systems market.
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TechSci Research performed both
primary as well as exhaustive secondary research for this study. Initially,
TechSci Research sourced a list of manufacturers across the region.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research could include
the manufacturers which could not be identified due to the limitations of
secondary research. TechSci Research analyzed the manufacturers, distribution
channels and presence of all major players across the region.
TechSci Research calculated the market
size of Myanmar conveyor systems market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key
Target Audience:
- Conveyor systems manufacturers, suppliers, distributors
and other stakeholders
- Government bodies such as regulating authorities and
policy makers
- Organizations, forums and alliances related to conveyor
systems
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers/suppliers and partners, end users, etc., besides allowing
them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, Myanmar conveyor
systems market has been segmented into following categories, in addition
to the industry trends which have also been detailed below:
- Myanmar Conveyor Systems Market, By Type:
- Belt
- Roller
- Overhead
- Floor
- Pallet
- Crescent
- Cable
- Bucket
- Myanmar Conveyor Systems Market, By Location:
o
In-Floor
Conveyors
o
On-Floor
Conveyors & Overhead
- Myanmar Conveyor Systems Market, By Load:
o Unit Load
o Bulk Load
- Myanmar Conveyor Systems Market, By Operation:
o
Semi-automatic
o
Automatic
- Myanmar Conveyor Systems Market, By End User Industry:
o
Warehouse
& Distribution
o
Food
& Beverage
o
Automotive
o
Electronics
o
Mining
o
Airport
o
Others
- Myanmar Conveyor Systems Market, By Region:
o Mandalay Region
o Shan State
o Ayeyarwady Region
o Yangon Region
Competitive Landscape
Company
Profiles: Detailed analysis of the major companies present in Myanmar conveyor
systems market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
It is an upcoming
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want to confirm the date of release, please contact us at [email protected]