Stratview Research has published a new report titled “Conveying Equipment Market” which is segmented by Product Type (Bulk Handling Equipment, Unit Handling Equipment, and Parts & Attachments), by Application Type (Durable Manufacturing, Food & Beverage, General Merchandise, Mining & Construction, Transportation, and Warehouse & Distribution), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, conveying equipment market is likely to witness a steady CAGR of 3.7% during the forecast period. The prime factor that is contributing to the demand for conveying equipment is the growing adoption of automation in various industries across the globe.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as bulk handling equipment, unit handling equipment, and parts & attachments. The bulk handling equipment segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period, owing to the utility in conveying materials such as cement, coal, chemicals, and others.
Based on the application type, the market is segmented as durable manufacturing, food & beverage, general merchandise, mining & construction, transportation, and warehouse & distribution. The durable manufacturing segment accounted for the largest share by application in 2019, and is expected maintain its dominance over the forecast period triggered by the faster and efficient solution offered by such equipment thereby, improving productivity.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to contribute for the largest market share during the forecast period. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the rapid industrialization especially in food & beverages, e-commerce, and automotive sectors in countries such as India, China, Indonesia, South Korea, Thailand, and Malaysia. North America and Europe are also expected to offer sizeable market opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Conveying Equipment Market:
· Beumer Group GmbH & Co.
· Caterpillar Inc.
· Daifuku Co. Ltd.
· Fenner Group Holdings Ltd.
· Fives Group
· Flexlink
· Intelligrated, Inc.
· Jungheinrich AG
· Kardex Group
· Kion Group AG.
Key questions answered by the report
- What is the projected CAGR for revenue from the Conveying Equipment Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Conveying Equipment Market?
- Which are the major market players?
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About Us
Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
The latest report published by Profshare Market Research projects that Conveying Equipment Market is expected to show impressive CAGR of 2.7 % between 2019-27.
The report includes market analysis on global as well country specific level.
Historical data analysis from 2015 to 2019 is very important to forecast market for 2019 to 2027.The report uses value chain analysis for each of the product segments.
Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinions of leaders and industry experts.
Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Conveying Equipment Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges.
Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.Research report provides details analysis on drivers and restraints Conveying Equipment Market along with their impact on demand during the forecast period.
The Global Conveying Equipment Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Conveyors are mechanical handling equipment used for transferring materials from one place to another.
Conveying equipment can be used either for bulk handling, unit handling and parts & attachments.
They can have durable, non-durable or manufacturing applications.
The end user industries for the global conveying market are automotive goods, food and beverage processing, and other durable goods industries.Europe is the market leader of the global conveying equipment market followed by Asia Pacific.
Within Europe, France and Germany are the key players in the conveying equipment market.
The Global Conveying Equipment Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The Conveying Equipment market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Conveying Equipment Market @ https://www.decisiondatabases.com/contact/download-sample-311A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Conveying Equipment market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Conveying Equipment market with company profiles of key players such as:Fenner DunlopDematicIntelligrated Inc.RexnordNordstrong Equipment Ltd.Webster IndustriesSandvik ABWhile DurrFMC TechnologiesHitachiHytrol ConveyorFritz SchaferRichards WilcoxSiemens AGMurata MachineryMecaluxSwisslogVanderlandeWant to add more Company Profiles to the Report?
