Conveying Equipment Market Scope
Conveying equipment are designed such that they facilitate easy, safe, and fast, loading and unloading with minimal human intervention. Companies in the global conveying equipment market are focusing on the development of new technologies to gain a competitive advantage in the market. For instance, Dorner Mfg. Corp. launched a new aquagard 7350 series modular curve conveyor with The new conveyor platform comes in straight belt, along with modular belt straight and curve models. Moreover, growing industrialization in the developing economies expected to fuel market growth during the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Beumer Group GmbH & Co., KG (Germany), Caterpillar Inc. (United States), Daifuku Co. Ltd. (Japan), Fenner Group Holdings Ltd. (Australia), Fives Group (France), Flexlink (Sweden), Jungheinrich AG (Germany), Kardex Group (Switzerland), Kion Group AG (Germany), Dematic (United States), Intelligrated Inc. (United States), Nordstrong Equipment Ltd. (Canada) and Rexnord (United States) |
CAGR | 3.2% |
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Conveying Equipment market throughout the predicted period.
Beumer Group GmbH & Co., KG (Germany), Caterpillar Inc. (United States), Daifuku Co. Ltd. (Japan), Fenner Group Holdings Ltd. (Australia), Fives Group (France), Flexlink (Sweden), Jungheinrich AG (Germany), Kardex Group (Switzerland), Kion Group AG (Germany), Dematic (United States), Intelligrated Inc. (United States), Nordstrong Equipment Ltd. (Canada) and Rexnord (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sandvik AB (Sweden), Webster Industries (United States), KUKA AG (Germany), Murata Machinery, Ltd. (Japan) and Phoenix Conveyor Belt Systems (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Conveying Equipment market by Type , by Application (Durable Manufacturing, Food & Beverage, General Merchandise, Mining & Construction, Transportation and Warehouse & Distribution) and Region with country level break-up.
On the basis of geography, the market of Conveying Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, Siemens India has agreed to acquire C&S Electric, a manufacturer of electrical and electronic equipment, for INR 2,100 crores. The acquisition will help Siemens strengthen its position as a supplier of electrical installation technology and low voltage distribution in India. and 4th April 2019, the material-handling equipment company, Daifuku Co., Ltd. acquired Vega Conveyors & Automation Private Limited engaged in the manufacturing and after-sales service for conveyor systems and other material handling the equipment. With this acquisition, the company is focusing on expanding its business presence in the Asian market.
In 2020, Beumer Group GmbH & Co. has chosen Royal Mail to design a new fully automatic parcel superhub technology in Warrington., In 2020, KUKA AG has won a contract for the planning, delivery, assembly and commissioning of 10 robot stations for automatic seam sealing and insulation applications, including material supply., 8th April 2019, FMH Conveyors, the material handling equipment manufacturer launched a new product called MBL30, at the trade show for the supply chain and manufacturing industry, ProMat 2019. It is a power-assist mobile belted loader designed for parcel handling applications to improve efficiencies and operator safety at loading and unloading ports. and 13th August 2019, Dorner has combined two existing product lines and integrated them into a sole platform, called FlexMove conveyor platform. The company offered three purchasing options for the product based on the customer need including FlexMove components, FlexMove Solutions, and FlexMove assembled.
Influencing Trend:
Increasing Demand for Bulk Handling Applications and Technological Advancement in the Conveyor System
Market Growth Drivers:
Increasing Use of Automated Conveyor Equipment in Manufacturing Facilities and Growth in Logistics Industry across Globe
Challenges:
Ensuring Safety and Reducing Accidents and Lack of Skilled Technical Workforce for Repair and Maintenance
Restraints:
High Initial Investments Associated With Conveying Equipment and Fluctuating Prices Of the Raw Materials
Opportunities:
Increasing Demand from the Transportation and Shipping Industry and Growing Industrialization in the Developing Economies
Key Target Audience
Conveying Equipment Manufacturers, Electronic Component Providers, Technology Providers, Potential Investors, Government and Research Organizations, Trade Associations and Industry Bodies and Others