The Global Conveying Equipment Market is expected to
reach USD 36.42 billion by 2020, according to a new study by Grand View
Research Inc. Increasing approach towards mass production and assembly line
methodology across various industries including sea ports and food &
beverages are expected to remain a key driving factor for the global market
over the next six years. In addition, development in construction sector
coupled with increasing market growth of motor vehicle manufacturing in Asia
Pacific and Europe is expected to further augment the market growth over the
forecast period. However, volatile prices of key raw materials such as
synthetic rubber and metals are expected to hinder the market growth over the
forecast period.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/conveying-equipment-market
Further
key findings from the study suggest:
- Unit handling conveying equipment market emerged as the leading product segment and accounted for 45.7% of total market revenue in 2013. However, parts and attachment is expected to be fastest growing product segment at an estimated CAGR of 2.4% from 2014 to 2020.
- Durable goods manufacturing emerged as one of the leading application segment for conveying equipment and accounted for 39.3% of total market revenue in 2013. Global demand for conveying equipment in durable goods manufacturing is expected to be primarily driven by growth in demand for computer equipment and industrial machinery. Global demand for conveying equipment from nondurable goods manufacturing is expected to grow at an estimated CAGR of 1.1% from 2014 to 2020.
- Europe dominated the global market and accounted for 35.6% of total market revenue in 2013. Presence of top tier automobile manufacturers such as Audi, Mercedes, BMW and Ferrari among other is expected has helped in developing the market for conveying equipment in the region. Europe was closely followed by Asia Pacific which is expected to be the fastest growing regional market for conveying equipment at an estimated CAGR of 2.5% from 2014 to 2020
- The global conveying market is fragmented with top four participants catering to just below 40% of the global demand in 2013. Major companies include Dematic, Rexnord and Sandvik, while Durr, FMC Technologies, Hitachi, Hytrol Conveyor, Fritz Schafer, Richards Wilcox, Siemens AG, Murarta Machinery, Mecalux, Swisslog and Vanderlande Industries are other notable market participants.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
For
the purpose of this study, Grand View Research has segmented the conveying
equipment market on the basis of product, application and region:
Global Conveying
Equipment Product Outlook (Revenue, USD Million, 2012 - 2020)
• Bulk Handling
• Unit Handling
• Parts and Attachments
Global Conveying
Equipment Application Outlook (Revenue, USD Million, 2012 - 2020)
• Durable Goods Manufacturing
• Nondurable Goods Manufacturing
• Other
Conveying Equipment
Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry
James
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Sales Specialist, U.S.A.
Grand
View Research, Inc.
United
States
Phone: 1-415-349-0058
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Free: 1-888-202-9519
Email: sales@grandviewresearch.com
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