Press release
Conveying Equipment Market will exceed USD 39 billion by 2024 | Dematic : Sandvik : FMC Technologies : Hitachi : Siemens : Rexnord
Conveying Equipment
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Unit handling conveyors should surpass over USD 17 billion at the end of forecast timeframe. It reduces maintenance cost and is preferably used in automotive, food & beverage, shipments, and other durable goods production.
Durable good applications expect gains at above 2% during the forecast timeframe. Rapid industrialization along with need to increase production output may positively influence product demand for durable goods applications.
Manufacturers procure raw materials from chemical, iron and textile industry. Rubber, polyester materials, steel, cotton, and coated fabrics are key raw materials used in manufacturing process. These raw materials can face tight supply dynamics and have an impact on conveying equipment market price trend.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Dematic
• Rexnord
• Sandvik
• Intelligrated
• Nordstrong Equipment Limited
• Webster Industries, Inc.
• Daifuku America
• FMC Technologies
• Hitachi
• Hytrol
• Fritz Schafer
• Richards-Wilcox Conveyor Systems
• Mecalux Logismarket
• Murata Machinery, Ltd.
• Siemens AG
• Durr aG
• Dearborn Mid-West Company, LLC
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Asia Pacific, driven by India and China conveying equipment market size, should witness above 2.5% gains. Favorable government regulations along with transportation industry growth should favor regional product demand.
Europe conveying equipment market size from parts & attachments systems may witness gains at over 2%. It is preferably used in light weighted machines. Rapid industrialization along with application outlook in food & beverage industry should influence regional growth.
U.S. conveying equipment market is the hub for various products designing, manufacturing and installing which is facilitated by CEMA. Increased efficiency along with continuous spare parts supply for aerospace and automobile industries should positively influence regional industry growth.
LATAM, driven by Brazil conveying equipment market size, should witness steady gains for bulk handing material applications. Favorable regulations along with increasing infrastructural spending should drive regional industry growth.
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Global conveying equipment market share is fragmented. Key manufacturing companies include Sandvik, Rexnord, and Dematic. Other industrial participants include Hitachi, Siemens, FMC Technologies, Intelligrated, Webster, Fritz Schafer, Daifuku, Nordstrong Equipment, FMC Technologies, and Richards Wilcox.
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