Selbyville, Delaware. The Conveying Equipment market research report highlights the key trends and the factors driving the industry as well as those hindering it. Moreover, it boasts of accurate data pertaining the future growth model of this domain by referencing the past and present business landscape. Further, the document offers a broader perspective by defining the size and shares of the market and its segments, unveiling the top revenue prospects in the process.
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Unit handling will witness high adoption in the conveying equipment market. These conveying systems are primarily suitable for lighter loads of up to 75 pounds and are used to transport large and discrete items that can be handled independently. They are mainly used to monitor reduced batch size in applications where manual rotation or positioning of products is required. Unit conveyors provide reliable and safe handling of products in internal, external, normal, dusty, humid, and corrosive environments.
The increasing adoption of industrial automation in developing countries will positively impact the conveying equipment market growth. Several manufacturing industries are widely adopting these systems for bulk material handling and to reduce operational costs and goods processing cycle time. For instance, the food & beverage industry is using belt conveyors for the processing and packaging of food products. Moreover, the rising labor cost in countries including Australia, Brazil, and Canada, is forcing manufacturers to adopt automated equipment during production processes.
Conveying Equipment Market is expected to exceed USD 65 billion by 2025. Growth in the e-commerce industry and ongoing investments in expansion and development by leading retail players are being witnessed. For instance, in July 2019, Alibaba Group Holding Limited announced the expansion of its commercial platform to small businesses in the U.S., allowing them to sell goods through its website. With a rise in expansion strategies of e-commerce players the demand for advanced equipment for automating the sorting & transporting process of products in warehouses and distribution centers will increase.
Durable manufacturing applications are expected to account for majority of the industry share owing to the increasing requirement of industrial machinery and computer equipment. Conveying equipment offers efficient retail, wholesale, and manufacturing distribution of durable goods including appliances, heating & cooling equipment, power tools, outdoor equipment, motors, and compressors or generators. These systems are resistant and durable, enabling the handling and transporting of goods in harsh conditions on a continuous basis.
The Asia Pacific conveying equipment market will witness high growth in the coming years owing to growth in manufacturing sectors in countries including China, India, South Korea, Indonesia, Malaysia, and Thailand. Several SMEs and large manufacturers are actively adopting advanced technologies to meet customer demands. Moreover, increasing government focus and rise in initiatives, such as Make in India, Industry 4.0, and Made in China, for development of the manufacturing sector are being witnessed. In China, the flourishing manufacturing sector and the efforts to automate all the systems by replacing human labor with machines are driving industry growth. High labor costs in China are compelling manufacturers to find alternative solutions to enhance throughput.
The key players operating in the conveying equipment market include TGW Logistics Group GmbH, Phoenix Conveyor Belt Systems, SSI Schaefer Group, Murata Machinery, Ltd., Kardex Group, Toyota Industries Corporation, Jungheinrich AG, Kion Group AG, Viastore Systems, Inc, KUKA AG, and Fenner Group Holdings Ltd. These players are focusing on several product differentiation and pricing strategies to sustain in the highly competitive market. The growing demand for industry-specific applications is encouraging manufacturers to provide products integrated with advanced technology.
Global Conveying Equipment Market: Drivers and Restraints: This section of the Conveying Equipment Market Analysis report we are covering various drivers and restraints that have affected the global Conveying Equipment market. The complete study of plentiful drivers of the market enables market professionals to get a clear viewpoint of the Conveying Equipment market share, which consists of Conveying Equipment industry environment, advancement market, product innovations, latest developments, and Conveying Equipment market risks.
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Major Highlights from Table of contents are listed below for quick lookup into Conveying Equipment Market report
Chapter 1. Methodology and Scope
- Definitions & forecast parameters
- Methodology and forecast parameters
- Data Sources
Chapter 2. Executive Summary
- Business trends of Conveying Equipment Market
- Product trends
- Application trends
Chapter 3. Conveying Equipment Industry Insights
- Conveying Equipment Market Industry segmentation
- Industry landscape
- Analysis of Manufacturers in the Conveying Equipment industry
- Distribution channel analysis
- End-use landscape
- Vendor matrix
- Conveying Equipment Market Technology & innovation landscape
- Industry impact forces
- Conveying Equipment Market Growth drivers
- Industry pitfalls & challenges
- Key trends by Segments
Chapter 4. Company Profiles
- Business Overview of Conveying Equipment Market Companies
- Financial Data
- Product Landscape
- Strategic Outlook and Decisive Analysis of companies in Conveying Equipment Market
- SWOT Analysis
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