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The vibrating conveyors market size is forecast to increase by USD 146.7 million at a CAGR of 2.1% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Vibrating conveyors play a crucial role in the manufacturing processes of various industries, including bakery products, confection & candy, fruits & vegetables, meat & seafood, snack food, and pharmaceuticals. In the pharmaceutical sector, these systems facilitate tasks such as palletizing, research and development, and production. By utilizing vibrating conveyors, manufacturers enhance their productivity to meet the escalating demand, particularly from major markets like China, Japan, and the United States. The pharmaceutical industry is subject to stringent regulations, and companies must comply with specific standards to maintain sterility.
For instance, the Drug Supply Chain Security Act (DSCSA), a component of the Drug Quality and Security Act (DQSA) passed by the US Congress in November 2013, mandates traceability requirements for the pharmaceutical supply chain. This legislation ensures the integrity of pharmaceutical products from manufacturing to distribution, thereby safeguarding public health.
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The pharmaceuticals segment was valued at USD 342.00 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In Asia Pacific (APAC), manufacturing industries, including key end-users of vibrating conveyors, are experiencing significant growth due to the population expansion and subsequent increase in demand for various commodities. To meet this demand and reduce operational costs, manufacturers are expanding existing facilities or constructing new ones equipped with advanced machinery. This includes pharmaceutical companies, which are expanding their operations in strategic locations such as India, Australia, and China, to cater to the burgeoning pharmaceutical market in the region. The market in APAC is anticipated to grow at a steady pace due to the increasing demand for automation and efficiency in manufacturing processes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increased demand for conveyor systems in industries is the key driver of the market.
The emergence of power-efficient conveyors with auxiliary power generation capability is the upcoming trend in the market.
High costs associated with conveyors are key challenges affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Vibrating conveyors play a crucial role in the efficient handling of bulk materials in various industries, including food and beverages, mining, and pharmaceuticals. Their versatility allows for the handling of delicate materials with care, while also accommodating heavy-duty applications. Customizable solutions cater to specific industry needs, ensuring reliability and minimizing downtime. Advanced technology trends in vibrating conveyors include energy-efficient designs and sustainable solutions, which reduce maintenance costs and promote eco-friendliness. Automation and robotic material handling further enhance productivity and precision. The food industry, in particular, benefits from the integration of vibrating conveyors in production processes, ensuring consistent quality and hygiene standards.
In the mining industry, these conveyors offer high transportation capability, enabling efficient material handling in large-scale operations. Vibrating conveyors come in various types, including standard duty and heavy-duty models, catering to different application requirements. Drive mechanisms, such as cranks/springs and electromagnets, ensure smooth operation and effective material flow. Strategic moves in enterprise licensing and urban migration are driving the growth of the market, as businesses seek to streamline operations and meet increasing demand for efficient material handling solutions.
Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.1% |
Market growth 2024-2028 |
USD 146.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.1 |
Key countries |
US, China, India, Russia, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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