Conveying Equipment Market Report to 2025 | Future Trends, Emerging Growth Factors and Demand Analysis
Category: #reports  By Rahul Varpe  Date: 2020-04-15
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Conveying Equipment Market Report to 2025 | Future Trends, Emerging Growth Factors and Demand Analysis

The Conveying Equipment Market is projected to expand from its present industry value of over USD 45 billion to more than USD 60 billion over the analysis timeframe. The worldwide Conveying Equipment Market to register a CAGR of 3.5% over the period of 2019–2025.

The advent of automation in industrial landscapes as well as supportive government initiatives aimed at bolstering manufacturing capabilities have fueled the growth of conveying equipment market. These systems are proven to be extremely beneficial in industrial sectors as they can handle bulky & heavy materials with ease. Conveying equipment are an ideal fit for managing transportation of materials and products whilst offering minimal operational costs and lower production cycle time.

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Market Growth Drivers –

  1. Strong global outlook on automotive production
  2. Growth in the global aviation industry
  3. Increasing demand for advanced conveyors in the U.S.
  4. Rising labor costs and inconvenience of employing a manual workforce in North America and Europe
  5. Ongoing industrialization and rise in demand for cost-efficient systems in Europe & Asia Pacific
  6. Growth in the Asia Pacific and MEA mining industry
  7. Development of manufacturing sector in South-East Asian countries
  8. Flourishing e-commerce industry in Asia Pacific & Latin America

Several companies in the food & beverages, warehousing & distribution and automotive sector have also welcomed the idea of adopting conveying equipment systems and are looking forward for more advanced systems which are customizable as per specific industrial applications. For instance, Interroll Worldwide Group, an automated logistics systems manufacturer, is reportedly offering conveyor modules that comply with all the regulations and strict hygienic requirements of the food industry.

Over the past couple of years, the e-commerce industry has recorded increased adoption of conveying equipment. Prominent firms operating in the e-commerce sector are developing new facilities to enhance their business reach. Alibaba Group Holding Limited is one such firm that has recently revealed plans to expand its commercial platform to small American businesses, permitting it to sell their products through its website. Instances like these indicate potential growth prospects for conveying equipment manufacturers form the e-commerce industry.

Unit handling based conveying equipment have also garnered significant traction lately. These systems are suitable for handling goods that weigh up to 75 pounds and are mainly used to carry discrete and large items. These conveyors offer safe and reliable handling of goods in external, internal, dusty, normal, corrosive and humid environments, and could be used to observe reduced batch size in applications where positioning of products or manual rotation is necessary.

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As a matter of fact, beverage companies are the leading users of the conveyor belts that handle products of various forms, sizes and types. Coca-Cola is one such leading player that has seemingly installed conveyors belt in its manufacturing unit, allowing it to increase productivity, eliminate spillage and handle bulk products. In addition to this, rising labor cost across economies like Canada, Australia and Brazil have led companies to introduce automated equipment in their production lines, which could in turn foster conveying equipment market size over the coming years.

Top Companies

Beumer Group GmbH & Co., KG, Caterpillar Inc., Daifuku Co. Ltd., Fenner Group Holdings Ltd., Fives Group, Flexlink, Intelligrated, Inc., Jungheinrich AG, Kardex Group, Kion Group AG, KUKA AG, Mecalux S.A., Murata Machinery, Ltd., Phoenix Conveyor Belt Systems, Siemens AG, SSI Schaefer Group, Taikisha Global, TGW Logistics Group GmbH, Toyota Industries Corporation, Viastore Systems, Inc.

Split by product type, the market has been divided into

  1. Bulk Handling Equipment
  2. Unit Handling Equipment
  3. Parts & Attachments

The report is inclusive of thorough inference regarding the production, price, revenue generated, segmental market share, and growth rate attained by each segment.

What is the gist of this report?

  1. A comprehensive pricing analysis has been carried out with regards to product spectrum, application scope, and regional landscape
  2. An in-depth documentation of the key market players and major companies to understand the competitive spectrum of the global market
  3. Extensive details about the regulatory framework impacting the industry, in tandem with rising investments by the major stakeholder of the global market
  4. All-detailed estimation of the numerous factors aiding the overall industry expansion, along with their influence on the market dynamics and projection of the global market
  5. An exhaustive abstract containing details about the various growth opportunities prevailing in the global market and recognition of important drivers
  6. A detailed analysis of the varied trends that exist in the global market that would enable identification of the several developments

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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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