Europe Conveyors Market Size

Europe Conveyors Market Analysis

The Europe Conveyors Market is expected to register a CAGR of 10.79% over the forecast period from 2020 to 2025. Due to high labor costs, significant companies in Europe are expected to adopt conveyors. The growing drive toward increased output leads to greater adoption of these systems compared to substitutes, such as forklifts, because of their ease of installation and safety. Multiple industrial hubs in Europe, such as Germany, have witnessed a rise in the automotive industry where the assembly line production is automated. Conveyor systems reduce unnecessary practices involved in material shifting and help eliminate the idle time in carrying material between two assembly points.

• The European market is triggered by innovative products, logistical changes, or consumer shifts; hence, the sales outlets have already undergone several structural changes. With multiple per-capita levels of retail space and relatively low productivity, highly mature markets are at a comparatively higher risk of experiencing a contraction in the future. Hence, retailers are increasingly investing in automated storage, thereby contributing considerably toward saving the retail space. The growth in warehouse automation adoption rates, such as conveyors in this region, is mainly fueled by the rapid increase in e-commerce and retail investments.
• Driven by the national and global e-commerce market growth, there has been an advancement in parcels' volume growth in the region. According to the 2019 European E-commerce Report, the increase in online sales was more than 13%, and the estimated total sales were EUR 621 billion. In November 2019, Deutsche Post DHL Group also opened a mega parcel center in Bochum with a sorting capacity of up to 50,000 shipments per hour. Further, Royal Mail installed automated machinery, consisting of conveyor belts and scanning technology, in its Bristol center in July 2019, to speed up the sorting of parcels. The company is planning to increase the use of machines for sorting parcels to 80% within that time, up from the current rate of 12%.
• In September 2019, QC Conveyors announced expanding its product offering to include the Motion06 curve belt conveyor modules. Motion06, an Austria-based company, joined the Duravant LLC via acquisition, and along with QC Conveyors, is part of Duravant's Material Handling Solutions group. The Motion06 curve belt conveyors allow users to maintain product orientation in applications where a turn is required between two straight conveyors. By keeping the same product orientation at both the infeed and outfeed, the conveyors ensure the product is delivered in the perfect exposure for applications that require consistently faced product.
• With the outbreak of COVID-19, European restaurants are reopening amid challenging conditions such as infection waves, mandated reductions in seating capacity, and consumer safety concerns. Contactless dining will make restaurants to operate with fewer challenges and more confidence. In July 2020, Yo!, a Japanese restaurant chain, announced to launch its upgraded conveyor belt at 18 sites across the United Kingdom. Customers visiting the restaurants will experience a contactless process as part of the Government's safety guidelines. Diners will scan a QR code and order and pay for their food via their phone's digital menu. Dishes freshly prepared in each store's kitchen will arrive straight to the guest on the new conveyor belt.