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  • Conveying Equipment Market Growth Analysis | 2022-2028

    Conveying Equipment Market Growth Analysis | 2022-2028

    Conveying Equipment Market Growth Analysis | 2022-2028
    Report code - SRCE210 Delivery - 2 Weeks
    Conveying Equipment Market Size, Share, Trends, Forecast, & Growth Analysis - 2022-202 See more...

    Market Insights

    The conveying equipment market was estimated at USD 43.79 billion in 2021 and is likely to grow at a CAGR of 3.14% during 2022-2028 to reach USD 54.75 billion in 2028.

    Conveying-Equipment-Market-Insights

    What is conveying equipment?

    Conveying equipment is used for transporting objects from one place to another over a stationary structure. Such equipment carries objects in a continuous stream with its distinct features such as endless chain or belt. The conveying equipment can move objects horizontally, vertically, or inclined.

    Conveying Equipment Market Report Highlights

    Market Size in 2021

    USD 43.79 billion

    Market Size in 2028

    USD 54.75 billion

    Market Growth (2022-2028)

    3.14% CAGR

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Key Players

    Some of the major players in the market are-

    • 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.

    Market Dynamics

    The prime factor that is contributing to the demand for conveying equipment is the growing adoption of automation in various industries across the globe.

    Conveying-Equipment-Market-Dynamics

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    Segment Analysis

    By Product Type

    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 2021 and is expected to remain dominant during the forecast period, owing to its utility in conveying materials such as cement, coal, chemicals, and others.

    By Application Type

    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 2021 and is expected to maintain its dominance over the forecast period triggered by the faster and more efficient solution offered by such equipment thereby, improving productivity.

    Regional Insights

    In terms of regions, Asia-Pacific is estimated to contribute to the largest market share during the forecast period. The Asia-Pacific market is expected to grow with a lucrative CAGR due to 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.

    Conveying-Equipment-Market-Regional-Insights

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    Critical Questions Answered in the Report

    • What are the key trends in the global market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Market Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The conveying equipment market is segmented into the following categories.

    By Product Type

    • Bulk Handling Equipment
    • Unit Handling Equipment
    • Parts & Attachments

    By Application Type

    • Durable Manufacturing
    • Food & Beverage
    • General Merchandise
    • Mining & Construction
    • Transportation
    • Warehouse & Distribution

    By Region

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Conveying-Equipment-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

    We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Conveying Equipment Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by application type.

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Conveying equipment is used for transporting objects from one place to another over a stationary structure. Such equipment carries objects in continuous stream with its distinct feature such as an endless chain or belts. The conveying equipment can move objects horizontally, vertically, or inclined.

    The conveying equipment market was estimated at USD 43.79 billion in 2021.

    The conveying equipment market is likely to reach USD 54.75 billion in 2028.

    The conveying equipment market is likely to grow at a CAGR of 3.14% during 2022-2028.

    Beumer Group GmbH & Co., Caterpillar Inc., Daifuku Co. Ltd., Fenner Group Holdings Ltd., Fives Group, Flexlink, Intelligrated, Inc., Jungheinrich AG, Kardex Group, and Kion Group AG are among the key players in the market.

    The bulk handling equipment segment is expected to remain dominant in the market in the coming years.

    The durable manufacturing segment is expected to remain dominant in the market over the forecast years.

    The prime factor that is contributing to the demand for conveying equipment is the growing adoption of automation in various industries across the globe.