Conveying Equipment Market 2025: Global Industry Analysis, Recent Trends and Regional Growth
Category: #world  By Rahul Varpe  Date: 2020-05-04
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Conveying Equipment Market 2025: Global Industry Analysis, Recent Trends and Regional Growth

Global Conveying Equipment Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends.  

The Conveying Equipment Market is anticipated to record its name in the billion-dollar space within seven years, by exceeding a revenue of US$ 60 billion by 2025, with an anticipated CAGR of 3.5% through 2025.

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Growth in the e-commerce industry and ongoing investments in expansion and development by leading retail players are being witnessed. For instance, in July 2019, Alibaba Group Holding Limited announced the expansion of its commercial platform to small businesses in the U.S., allowing them to sell goods through its website. With a rise in expansion strategies of e-commerce players the demand for advanced equipment for automating the sorting & transporting process of products in warehouses and distribution centers will increase.

The increasing adoption of industrial automation in developing countries will positively impact the conveying equipment market growth. Several manufacturing industries are widely adopting these systems for bulk material handling and to reduce operational costs and goods processing cycle time. For instance, the food & beverage industry is using belt conveyors for the processing and packaging of food products. Moreover, the rising labor cost in countries including Australia, Brazil, and Canada, is forcing manufacturers to adopt automated equipment during production processes.

Comprehensive Review of Market Growth, Applications, and Future Prospects

  1. Durable Manufacturing,
  2. Food & Beverage,
  3. General Merchandise,
  4. Mining & Construction,
  5. Transportation, W
  6. arehouse & Distribution

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The Asia Pacific conveying equipment market will witness high growth in the coming years owing to growth in manufacturing sectors in countries including China, India, South Korea, Indonesia, Malaysia, and Thailand. Several SMEs and large manufacturers are actively adopting advanced technologies to meet customer demands. Moreover, increasing government focus and rise in initiatives, such as Make in India, Industry 4.0, and Made in China, for development of the manufacturing sector are being witnessed. In China, the flourishing manufacturing sector and the efforts to automate all the systems by replacing human labor with machines are driving industry growth. High labor costs in China are compelling manufacturers to find alternative solutions to enhance throughput.

The key players operating in the conveying equipment market include: TGW Logistics Group GmbH, Phoenix Conveyor Belt Systems, SSI Schaefer Group, Murata Machinery, Ltd., Kardex Group, Toyota Industries Corporation, Jungheinrich AG, Kion Group AG, Viastore Systems, Inc, KUKA AG, and Fenner Group Holdings Ltd. These players are focusing on several product differentiation and pricing strategies to sustain in the highly competitive market. The growing demand for industry-specific applications is encouraging manufacturers to provide products integrated with advanced technology.



About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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