DUBLIN, September 23, 2021--(BUSINESS WIRE)--The "Myanmar Conveyor Systems Market, By Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket), By Location (In-Floor Conveyors v/s On-Floor Conveyors & Overhead), By Load, By Operation, By End User Industry, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
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 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 industry, automotive sector, among others is further bolstering the market growth in the country. Additionally, growing industrialization coupled with the need for 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 on 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.
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.
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
Continental Conveyor Ltd
Honeywell Pte Ltd
Murata Machinery, Ltd
Taikisha Myanmar Co, ltd
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026
Myanmar Conveyor Systems Market, By Type:
Myanmar Conveyor Systems Market, By Location:
On-Floor Conveyors & Overhead
Myanmar Conveyor Systems Market, By Load:
Myanmar Conveyor Systems Market, By Operation:
Myanmar Conveyor Systems Market, By End User Industry:
Warehouse & Distribution
Food & Beverage
Myanmar Conveyor Systems Market, By Region:
For more information about this report visit https://www.researchandmarkets.com/r/l7g9a6
View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005574/en/
Laura Wood, Senior Press Manager
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