Conveying Equipment Market Study by Segmentation and Regional Demand to 2025
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Conveying Equipment Market Study by Segmentation and Regional Demand to 2025

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.

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

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In terms of regional share, Asia Pacific conveying equipment market has witnessed sizable growth in manufacturing sectors, mainly across nations like India, China, Indonesia, South Korea, Thailand and Malaysia. Several SMEs have now turned their focus towards implementing advanced conveying technologies to fulfill their customer’s demand which could fuel the demand for conveying equipment systems in the region. Moreover, rising federal initiatives introduced by governments, such as Make in India and Industry 4.0 could seemingly foster the manufacturing industry, thereby generating new strides in APAC conveying equipment market.

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.

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

Know about Market growth in New Research and its Top growing factors by Key Companies like

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.

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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.

Comprehensive Review of Market by Applications: -

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

The Regional Evaluation Ensures

  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America (LATAM)
  5. Middle East

The research report presents a detailed outline of Conveying Equipment Market – this is mainly inclusive of the generic market definitions, the numerous segmentations, as well as the application landscape. The report outlines a detailed examination of the industry vendors – from a regional and global perspective.

An exhaustive brief of the various forecast trends and demand till the year 2025 has been given in the report. The study is inclusive of information pertaining to the numerous firms that form a part of the competitive terrain of this business sphere. Also, the report contains, in exclusive detail, information on the many innovations in this sector, technologies adopted, and also many other factors impacting the product demand.

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Market Report Includes

  1. An analysis with respect to the present industry scenario in tandem with opportunities for growth opportunities, important vendors, target audience, and market projection until 2025
  2. A comprehensive evaluation with regards to the industry size, growth anticipation, industry remuneration, and major contenders until 2025
  3. A scrutiny of the growth opportunities, expansion forecast, remuneration, and Forecast 2019- 2025
  4. Information on Primary and Secondary Research, Consumption Analysis, Market Segmentation, and Forecast until 2025
  5. An in-depth research on the Emerging Growth Parameters, Market Dynamics, Export Research Report, and Forecast to 2025
  6. Market Analysis, Strategic Developments, as well as Forecast 2025
  7. Product applications, industry trends, technological developments, and current demand and Forecast by 2025

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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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