Global Precision Link Conveyor Market by End-Use (Food & Packaging, Automotive, Electronics, Medical & Pharmaceutical, Telecommunications, and Other End Uses), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Global Precision Link Conveyor Market is projected to be USD 54.2 Mn in 2021 to reach USD 95.7 Mn by 2032 at a CAGR of 5.3%.

Global Precision Link Conveyor Market is driven by higher adoption levels as well as the increase in the demand for automation processes across various end-use industries.

Precision Link Conveyor Market Overview:

Precision link conveyors are designed to be the basis for automation applications that require accurate positioning in order to run high-volume manufacturing operations through millions of cycles without the need for intensive maintenance.

It provides high accuracy for automated assembly and manufacturing machinery platforms, combined with the highest dynamic performance. They are used on machines that require high speeds, precision, stability, and low maintenance. These components vary in terms of body width, allowing great flexibility and a more accurate choice during the designing phase for any manufacturing process.

Standard precision link conveyors deliver standard link-positioning accuracy of ±0.08 mm (±0.003 in.), or even better. These aforementioned factors are anticipated to propel the financial trajectory for the global precision link conveyor market.

Precision link conveyors are available in tabletop, modular tabletop, and heavy-duty versions. They are mostly used for manufacturing tasks needed by various end-use industries including the aerospace sector, automotive, electronics, solar & wind energy, consumer goods, defense, medical devices & pharmaceutical industries, etc. The maintenance of precision link conveyors involves adjustments and tension checks of the chain, as well as the cleaning of a conveyor if it were to function in a dirty environment.

A conveyor’s link size ranges from 2 inches in tabletop versions, to 12 inches in heavy-duty, while standard conveyor lengths are from 3 feet to 40 feet, which are generally designed to meet most application requirements. Heavy-duty precision link conveyors are available in carousel and over/under configurations including a precision machined base with heavy-duty legs, heavily ribbed to sustain large loads and to maintain system accuracy.

Tabletop precision link conveyors enable end-users to design a built-to-order conveyor to a custom length setup that uses 18-inch modules. As automation becomes more integrated into medium- and heavy-load configuration and assembly applications, the need for conveyors with advanced capabilities is slated to increase.

Europe Precision Reduction Gears Market Revenue (US$ Mn), 2022–2031

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The possibility of a looming economic recession is also likely to adversely impact future investments in various sectors such as the manufacturing sector, construction, agriculture, etc. Moreover, the onset of this given pandemic has also negatively influenced various supply chains across the world.

As major economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to effectively manage their respective operations.

This is a primary factor that is anticipated to influence future prospects for revenue growth. However, as these lockdowns are gradually relaxed and economies begin to recover, this market is expected to reflect the same.

Europe Precision Reduction Gears Market Attractiveness Analysis by Product Type, 2015–2031

The global precision link conveyor market is segmented on the basis of – end-use and regions. On the basis of end-use market segmentation, this industry is further classified into food & packaging, automotive, electronics, medical & pharmaceutical, telecommunications, and other end uses.

Region-wise, the precision link conveyor market is segmented into North America, Europe, Asia-Pacific, South America, and the MEA. The markets in North America are expected to retain a front-running position in this global precision link conveyor industry, followed by those in Europe. North America is expected to account for the largest market revenue share when compared to markets belonging to other regions.

Segmentation:

Based on End-Use:

• Food & Packaging
• Automotive
• Electronics
• Medical & Pharmaceutical
• Telecommunications
• Other End Uses

Regional Analysis:

• North America
• Europe
• Asia Pacific
• South America
• Middle-East & Africa

Market Key Players:

• Leggett & Platt Incorporated
• DE-STA-CO
• Bettinelli Officine Meccaniche (Bettinelli Mechanical Office)
• RNA Automation Ltd.
• Stelron Components Inc.
• Motion Index Drives Inc.
• CamField Engineers
• Sankyo Automation
• Italplant s.r.l.
• Others

For the Precision Link Conveyor Market research study, the following years have been considered to estimate the market size: