CONVEYOR SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In June 2023, Siemens introduced the SIMATIC WinCC Unified V18, an advanced visualization system integrated within the TIA Portal. This system features significant enhancements to the WinCC Unified software, which supports panels and runtime systems, facilitating vertical integration from visualization to operational processes. Siemens' open-source runtime platform addresses challenges associated with proprietary engineering, enabling quicker commissioning through pre-installed applications. Users can transfer runtime applications via various methods, including PC-based software, USB drives, SD cards, and network options, simplifying the process of updating and servicing HMIs both locally and globally.
• In February 2023, Murata Machinery USA, Inc. (Muratec), a leading provider of automation solutions that specializes in logistics and clean room technologies, announced the introduction of the Ledger A3 mini-load system. This innovative automated storage and retrieval system (AS/RS) features a four-tote carriage designed for high-density storage and retrieval of small products.
• In March 2021, Columbus McKinnon Corporation, a prominent manufacturer of motion control products and systems, announced its acquisition of Dorner Manufacturing Corporation, a leader in high-precision conveyor solutions. Dorner will continue to operate within the Columbus McKinnon portfolio, and this integration is expected to enhance Dorner's automation capabilities and open up new opportunities for product development and market expansion.
• In January 2021, MHS Holdings, Inc., a leading provider of advanced material handling automation solutions, engineering, equipment, and software based in the U.S., announced its acquisition of the U.S. conveyor business division of TGW Systems, Inc. This acquisition involves certain assets from TGW's conveyor unit, which operates independently from its integration division, and is expected to close in February 2021.