The global conveying equipment market is forecast to reach USD 60.22 billion by 2027, according to a new report by Reports and Data. Conveying equipment, mechanical handling equipment has gained significant popularity from the industrial sector for process automation in the last few years. Its ability to carry bulky and heavy material helps it to finds utilization in several industries such as automotive, retail, and food & beverage. Moreover, conveying equipment are customized according to their usage.
Factors such as the need for automation to reduce manufacturing costs and waste, growing industrialization, and improve production efficiency are driving growth. The market players focus on lean manufacturing techniques to better the manufacturing process. Emerging nations like Brazil, India, and China are potential markets. However, high installation costs could hinder the growth of the industry. However, the development of cost-effective and eco-friendly conveying equipment would create more opportunities for the equipment.
Manufacturers have developed different types of conveying equipment to meet specific demands from the consumers. Some of the popular belt conveying equipment includes elevator belt conveyors, flatbed belt conveyors, variable speed conveyors, packing belt conveyors, among others. Belt conveyors find the extensive demand in the market due to their advantages in conveying a variety of goods of light or heavyweight, large or small, regular or irregular shaped products. Industry players have focused on developing cost-effective, tough, and reliable systems in this category. The industry players invest heavily in R&D to design and manufacture the emerging needs of the consumers. The players have designed modular conveying equipment to meet the demand for flexibility of the consumers.
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Further key findings from the report suggest
- The manufacturing of tailored conveying equipment is made possible by the development of the technologies coupled with growth in industrial output.
- The crescent type of conveyors is easy to clean, easy to customize, and easy to handle. The food & beverage industry has also started the extensive usage of the crescent type of conveying equipment.
- Among the application, manufacturing goods are presently leading with 42.6% of the global market revenue, and it will continue to dominate the market with an estimate to register the highest CAGR of 3.5% over the forecasted period.
- Among the end-user, the food & beverage sector is leading with 23.8% of the global market revenue, and it will continue to dominate with an estimate to register a significant growth rate over the forecasted period.
- The rising population in countries like India and China has boosted the demand for industries such as e-commerce, automotive, and food & beverage, thus fueling the demand for conveying equipment in these industries.
- Key participants include Emerson, Siemens, Continental, Daifuku, Fives, Taikisha, Honeywell Intelligrated, Dematic, SSI Schaefer, and Invata, among others.
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For the purpose of this report, Reports and Data have segmented into the conveying equipment market on the basis of product, application, end-user, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Bulk Handling
- Unit Handling
- Parts and Attachment
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Airport
- Automotive
- Warehouse & Distribution
- Mining
- Food & Beverage
- Electronics
Application Outlook (Revenue, USD Billion; 2017-2027)
- Durable goods
- Non-durable goods
- Manufacturing goods
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Global Conveying Equipment Market Report:
· Comprehensive analysis of the changing market dynamics
· A futuristic outlook on different factors influencing the market
· An 8-year forecast of the market growth and expected revenue growth
· Ease of understanding of the market, key segments, and their future growth
· In-depth analysis of the competitive landscape to give an advantageous edge for the companies
· Extensive insight into the market with in-depth analysis of the segmentation
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Adroit Market Research launched a study on, “Global Pneumatic Conveying Systems Market Size 2017 by its Operating Principle (Dense Phase Conveying and Dilute Phase Conveying), by its Technology (Positive Pressure System, Vacuum System, and Combination System), by its End-Use (Pharmaceuticals, Food, Rubber & Plastics, Ceramics, and Others), By Regions and Forecast 2018 to 2025”.
The global pneumatic conveying systems market report presents a qualitative analysis of market drivers, market restraints, and value chain.Request for PDF sample copy at: https://adroitmarketresearch.com/contacts/request-sample/808The global pneumatic conveying systems market size is expected to reach USD 37.4 billion by 2025.
This has helped the market to gain a significant position in the sector of conveying materials.
The global pneumatic market trend that is propelling growth in Europe is the presence of a highly developed food & beverage sector.
Europe which remains the global exporter of food and beverage products is witnessing large scale automation in this sector, thereby driving the pneumatic conveying systems market.Hillenbrand Inc., Schenck Process Holdings GmbH, Nilfisk Group, Zeppelin Systems GmbH, Clyde Bergemann Power Group, and KC Green Holdings Co. Ltd. are some of the key players operating within the global pneumatic conveying systems market.Key segments of the global pneumatic conveying systems marketOperating Principle Overview, 2015-2025 (USD Million) Dilute Phase ConveyingDense Phase ConveyingType Overview, 2015-2025 (USD Million)Vacuum SystemPositive Pressure SystemCombination SystemEnd Use Overview, 2015-2025 (USD Million)FoodPharmaceuticalsRubber and PlasticsCeramicsOthersRegional Overview, 2015-2025 (USD Million)North AmericaUSRest of North AmericaEuropeGermanyItalyFranceUKRest of EuropeAsia PacificChinaIndiaJapanSouth KoreaRest of Asia PacificSouth AmericaBrazilRest of South AmericaMiddle East & AfricaGCCSouth AfricaRest of Middle East & Africa Enquire for buying Global Pneumatic Conveying Systems Market Report at: https://adroitmarketresearch.com/contacts/enquiry-before-buying/808About Us:Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018.
Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry.
The global Pneumatic Conveying Systems Market subject to witness a substantial growth due to the growing adoption of advanced manufacturing methods and development of application specific and tailor-made products.
Development of compact pressure-vessel conveying systems with intelligent control technology is expected to boost market demand over the next seven years.
Globally, the pneumatic conveying system market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
However, higher initial cost coupled with greater complexity level during installation of pneumatic conveying systems are acting as major challenges for sustained market growth.
The pneumatic conveying systems market is broadly categorized into four major segments based on the application type such as ceramic, pharmaceuticals sector, food & beverages sector, and rubber & plastic industry.
The key players in the pneumatic conveying system industry are K-Tron Investment Co., Cyclonaire Corp., AZO GmbH & Co., KG, Flexicon Corp., Atlas Copco Corp., DongYang P Co., Ltd.,Gericke Co., Nol-Tec Systems, Inc., Nilfisk Group, Inc., Schenck Process LLC, Vac-U-Max, Inc., Dynamic Air Inc., and Pneumatic Conveying Inc. Market Segment: Operating Principle Outlook (Revenue, USD Million, 2012 - 2022)• Dense Phase Conveying• Dilute phase Conveying Technology Outlook (Revenue, USD Million, 2012 - 2022)• Positive Pressure System• Vacuum System• Combination System End-Use Outlook (Revenue, USD Million, 2012 - 2022)• Ceramic• Pharmaceuticals• Food• Rubber & plastic• Others Regional Outlook (Revenue, USD Million, 2012 - 2022)• North America• Europe• Asia Pacific• Latin America• Middle East & Africa Browse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/pneumatic-conveying-system-market Table of Contents Chapter 1.
The global Pneumatic Conveying Systems Market subject to witness a substantial growth due to the growing adoption of advanced manufacturing methods and development of application specific and tailor-made products.
The recent technological advancement in the manufacturing sector coupled with application specific automated devices to improve productivity in various end-user industry is expected to drive the growth of pneumatic conveying systems industry over the next seven years.Development of compact pressure-vessel conveying systems with intelligent control technology is expected to boost market demand over the next seven years.
Globally, the pneumatic conveying system market is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.Furthermore, material handling as a major application of pneumatic conveying systems among various end-use industries is expected to offer several growth prospects over the forecast period.
Development of cost effective solutions and minimum requirement of maintenance & repair are significantly contributing to industry growth in the past few years.
Substantial rise in the funding for research & development activities by industry participants to develop technologically advanced solutions is projected to boost market growth over the next seven years.However, higher initial cost coupled with greater complexity level during installation of pneumatic conveying systems are acting as major challenges for sustained market growth.
Automated pneumatic system offer advantages such as easy to handle, high speed of execution, and prevention of contamination to the final product.
