openPR Logo
Press release

Conveying Equipment Market size is anticipated to witness healthy growth through 2026

Conveying Equipment Market

Conveying Equipment Market

The conveying equipment market size is expected to exceed more than US$ 65 Billion by 2026; Growing at a CAGR of more than 3.5% in the given forecast period 2020 to 2026.

Ongoing investments by top retail players, alongside e-Commerce industry expansion, are expected to give conveying equipment market share a substantial boost over the projected timeframe.

For instance, Alibaba Group Holding Ltd. announced the commercial platform expansion to small U.S. businesses in July 2019, allowing product marketing via its website.

As the expansion strategies of e-Commerce players continue to rise, the demand for advanced automation equipment for transporting and sorting products will witness a considerable surge. This, in turn, is likely to offer lucrative opportunities for the conveying equipment market forecast.

According to reliable reports, the global conveying equipment market size is anticipated to exceed $65 billion by 2025.

Request for a sample copy of this research report@ https://www.gminsights.com/request-sample/detail/754

In order to reduce the operational costs and product processing cycle duration, as well as to handle bulk material, the industrial automation systems are widely used. Mounting implementation of these systems in developing countries will add impetus to the conveying equipment industry expansion. For example, the use of belt conveyors for packaging and processing food products is gaining vast prominence in the food & beverage industry.

Surging conveying equipment demand in countries such as Canada, Brazil, and Australia, to increase production process is due to the rising labor costs.

In terms of segmentation by product, conveying equipment market from the unit handling segment is likely to witness significant adoption, creating a large impact on industry trends. This unit handling conveyor delivers safe and reliable handling of products in corrosive, humid, dusty, normal, external, and internal environments. Lighter loads of up to around 75 pounds are suitable for this system and are used to carry discrete and large items. Additionally, they are used in certain settings where manual positioning or rotation of products is required.

With regards to the application spectrum, the durable manufacturing segment will hold a major market share, owing to the rising demand for computer equipment and industrial machinery.

Request for customization: https://www.gminsights.com/industry-analysis/conveying-equipment-market

Conveying equipment delivers efficient manufacturing, wholesale, and retail distribution of compressors or generators, motors, outdoor equipment, power tools, heating & cooling equipment, appliances, and other durable goods. Benefits of adopting this system include durability and resistance, which allow continuous transportation and handling of goods, even in harsh conditions.

On the regional front, the APAC conveying equipment market is set to exhibit a high growth rate over the forecast spell. The burgeoning manufacturing sector in APAC countries including Thailand, Malaysia, Indonesia, South Korea, India, and China is a major factor amplifying industry growth in the region. The growth of this sector can be further attributed to rising focus and initiatives of the government, including Made in China, Industry 4.0, and Make in India.

Accelerated consumer demands are being fulfilled through the adoption of advanced technologies by several large and SME manufacturers. Burgeoning efforts to implement conveying equipment systems as alternatives to human labor across China are likely to bolster market outlook over the years ahead.

Table of contents for this research report@ https://www.gminsights.com/toc/detail/conveying-equipment-market

Fenner Group Holdings Ltd., KUKA AG, Viastore Systems, Inc., Kion Group AG, Jungheinrich AG, Toyota Industries Corp., Kardex Group, Murata Machinery, Ltd., and TGW Logistics Group GmbH are some key players operating in conveying equipment industry.

With an aim to sustain in the competitive market, industry players are focusing on various pricing and product differentiation strategies. Manufacturers are making consistent efforts to deliver advanced technology-integrated products, to cater to the rising industry-specific applications demand.

Related Reports:

Asia Pacific Material Handling Equipment Market: https://www.marketwatch.com/press-release/asia-pacific-material-handling-equipment-market-size-industry-report-by-2025-2020-12-04

Asia Pacific Construction Equipment Market: https://www.marketwatch.com/press-release/asia-pacific-construction-equipment-market-statistics-report-to-2025-2020-12-04

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll-Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Conveying Equipment Market size is anticipated to witness healthy growth through 2026 here

News-ID: 2281752 • Views: 224

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Equipment

Battery Testing Equipment Market
2019-2025 Battery Testing Equipment Market Report with Depth Analysis Technological advancements such as lead-acid batteries with increased life cycle and better efficiency have increased the demand for rechargeable batteries. More than ever before, these rechargeable batteries have increased the demand for portable products such as powered tools, et cetera. Request For Free report Sample -https://www.reportsmonitor.com/request_sample/292961 Scope of the Report: Furthermore, Battery Testing Equipment Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks
Defence Equipment Packaging Market
Global Defence Equipment Packaging Market: Overview The global defence industry has undergone significant transformation in the past few decades. The dynamic nature of the defence industry can be determined from the fact that defence electronics become obsolete in a matter of years. Defence electronics comprises all the sophisticated systems integrated with tactical equipment. It is anticipated that the advent of modern technology, coupled with rapid progress of R&D teams across the
Solvent Recycling Equipment Market
Solvent Recycling Equipment Market: Introduction The Solvent Recycling Equipment separates accumulated sand particles and hydrocarbons from solvent using distillation process to turn solvent waste back into functioning solvent. It can recycle most solvents used in processes such as electroplating, metal finishing, paint and powder coating, parts washing and vapor degreasing ultimately reducing new solvent cost as well as disposing issues. From end user point of view, purchasing a Solvent Recycling Equipment
Ground Support Equipment
Global Ground Support Equipment Industry Global Ground support equipment market is accounted for $11.8 billion in 2015 and is expected to reach $20.06 billion by 2022 growing at a CAGR of 11.0%. Increasing number of air passengers and high expenditure by airport authorities on eco friendly ground support equipment to improve their operational efficiency are some of the factors driving the market. However, usage of worn equipment is restricting the market
Agricultural Equipment Market
Persistence Market Research’s report, titled “Agricultural Equipment Market: Global Industry Analysis and Forecast, 2016-2024,” estimates the market’s present value at a little over US$ 100 Bn, anticipating it to incur a sluggish growth a 3.5% CAGR. During this forecast period, the global agricultural equipment market is also likely to witness slower growth in terms of volume. After recording an estimated global sales of over 5,596.5 thousand units of agricultural equipment
Dental Equipment Market
The Global Dental Equipment Market was valued at US$ 6,342.3 million in 2015 and is projected to expand at a CAGR of 4.7% during 2016–2024,according to a new report published by Coherent Market Insights.Increasing prevalence of poor oral health is increasing patient visits to dental clinics and in turn, is increasing demand for dental equipment. Changing eating habits has led to increase in dental caries and infection among children and adults