A Research Study Titled, “Conveying Equipment Market by Product and Application – Global Industry Analysis and Forecast to 2022” published by Crystal Market Research, states that the Conveying Equipment Market is projected to be around $42.67 billion by 2022.
The Conveying Equipment Market was worth USD 31.39 billion in the year of 2012 and is expected to reach approximately USD 42.67 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 2.80% during the forecast period.
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The worldwide conveying equipment market extensively disintegrated in nature. It is described by various small to medium measured associations that contend among themselves to pick up a solid decent footing in the worldwide market. In 2013, the three leading organizations including Dematic, Sandvik and Rexnord together represented over 35 percent of the worldwide market.
Conveying equipment are machines which convey containers, ingredients, products, packs or packaging parts from one place then onto the next. In their most upfront frame conveying equipment are mechanical folds which can be demountable and convenient to move. The most modern frame conveying equipment can be perplexing machines with sensors, drives and controls. In this shape they embrace complex undertakings or those requiring extremely precise distribution, sorting or ordering of the things or items being conveyed. Normal types of belt and support band conveyors are utilized for a wide range of automated or semi-automated packaging and processing operations. They encourage diverse necessities at the time of production, and empower distinctive items and packaging capacities to be taken care of.
Product Outlook and Trend Analysis:
Unit handling held the biggest market share in 2013 representing over 45 percent of the global conveying equipment market. Unit handling equipment is significantly used to lessened batch measure which is applicable comprehensively to preparing shipments, food & beverage, and other sturdy merchandise preparations. Nonetheless, parts and attachments fragment is anticipated to encounter the most extreme development rate in the upcoming years. Bulk handling is foreseen to develop significantly in the following years. Growing logistics sector over the globe to help boost the requirement for bulk handling conveyors.
The global Conveying Equipment Market is segmented as follows-
Conveying Equipment Market, By Product:
Parts and Attachments
Conveying Equipment Market, By Application:
Application Outlook and Trend Analysis:
Manufacturing of dependable goods section had the biggest market requirement, of more than 35 percent, in 2013 and is likewise anticipated to be the quickest developing section over the gauge time frame. This requirement for producing durable goods can be credited to a constantly rising demand of computer equipment and industrial machinery. Non-durable goods applications incorporate alcoholic beverages, mixed refreshments, food, cosmetics and personal care and soft drinks. Conveying equipment used in pharmaceuticals and personal care is anticipated to encounter significant development over the estimate time frame.
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Conveying Equipment Market, By Region:
North America – U.S, Canada, Mexico
Europe – Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific – Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World – Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
Regional Outlook and Trend Analysis:
In 2013, European market of conveying equipment had the most elevated utilization, of more than 35%. Asia Pacific is anticipated to encounter the most elevated requirement throughout the following years. Booming transportation in Malaysia, China, India, South Korea, Thailand, Indonesia, and Vietnam is expected to extensively boost the market development over the gauge time frame.
Conveying Equipment Market, List of Tables:
Table 1.Global Conveying Equipment Market, By Product ($Million), 2012-2022
Table 2.Unit Handling Market, By Region ($Million), 2012-2022
Table 3.Bulk Handling Market, By Region ($Million), 2012-2022
Table 4.Parts and Attachments Market, By Region ($Million), 2012-2022
Table 5.Global Conveying Equipment Market, By Application ($Million), 2012-2022
Table 6.Non-Durable Goods Market, By Region ($Million), 2012-2022
Conveying Equipment Market, List of Figures:
Figure 1.Global Conveying Equipment Market Share, By Product, 2012 & 2022
Figure 2.Conveying Equipment Market, By Application, 2012 & 2022, ($Million)
Figure 3.Conveying Equipment Market, By Region, 2012 & 2022, ($Million)
Figure 4.Dematic Group S.a.r.l: Net Revenues, 2014-2016 ($Million)
Figure 5.Dematic Group S.a.r.l: Net Revenue Share, By Segment, 2016
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Key findings of the Conveying Equipment Market –
- In 2013 durable goods represented the biggest share of 40 percent. Rising requirement of industrial machinery and computer equipment has resulted in high development of durable goods.
- In 2013 Europe represented more than 60% of the worldwide market. The development in this area is driven by the existence of few leading vehicle makers, for example, Ferrari, Audi and Mercedes. Europe is likewise anticipated to have the most elevated development in the upcoming years.
- Worldwide conveying equipment market is oscillated with few organizations driving the market. The main three members incorporate Sandvik, Dematic and Rexnord and together they represented more than 35 percent of the aggregate market in 2013.
TO BE CONTINUED…
About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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