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Conveying Equipment Market Growth Offers Room to Grow to Existing & Emerging Players

Matt Easterlin
Conveying Equipment Market Growth Offers Room to Grow to Existing & Emerging Players

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.

Matt Easterlin
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