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Conveying Equipment Market Is Projected To Grow Rapidly Owing To Rising Demand From Various Industries Such As Cement, Airports And Food And Beverages Till 2020: Grand View Research, Inc.

According to report published by Grand View Research,
According to report published by Grand View Research, Global Conveying Equipment Market was worth USD 31.89 billion. Conveyor belts are usually prepared from rubber and secured with textiles, PVC or steel according to the application.

In 2013, the Global Conveying Equipment Market was worth USD 31.89 billion. This equipment provides an efficient, cost-effective and accurate technique for the rapid and easy movement of goods from one place to another. Conveyor belts are usually prepared from rubber and secured with textiles, PVC or steel according to the application. These are used as carriers for goods across numerous end use industries such as steel works, power, ports, metal mining & coal, cement, airports and food & beverages.

Conveyors lead to diminish the manufacturing time that, in turn, help plants in attaining operational efficiency. Conveying equipment are used for decreasing human effort and time in the transfer of goods from one place to another. They can be set up anywhere and are considered to be harmless as compared to using a forklift and other machines for the movement of goods. The making of modified conveying equipment is enabled by the increased industrial production and developments in technologies.

Unit handling was the largest product type which accounted for over 45% of the market in 2013. Key uses of unit handling equipment include the monitoring of lesser batches which are most largely applicable in businesses such as shipments, food & beverage processing and other productions for durable goods. However, parts & attachments is projected to witness the highest growth rate, at an estimated CAGR of 2.4% from 2014 to 2020.

Full Research Report on Global Conveying Equipment Market Analysis: 
http://www.grandviewresearch.com/industry-analysis/conveying-equipment-market

Durable goods accounted for the highest market share of over 40% in 2013. Growing demand for computer equipment and industrial machinery has led to the high growth of durable goods. Durable goods is also forecasted to witness the highest growth rate, at an anticipated CAGR of 2.0% from 2014 to 2020.

Europe accounted for over 60% of the global market in 2013.The growth in this region is driven by the presence of few top automobile manufacturers such as Audi, Mercedes and Ferrari. Europe is also projected to have the highest growth at an estimated CAGR of 1.6% over the forecast period.

Global conveying equipment market is amalgamated with few companies leading the market. The top three participants include Dematic, Rexnord and Sandvik and together they accounted for over 35% of the total market in 2013. The industry is moderately fragmented. The small unorganized companies across China and South Korea are taking ardent steps such as M&As to gain market share. There are ample opportunities for the new entrants, however high initial investment leads to restraining them from entering the industry.

View more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Grand View Research has segmented the Global Conveying Equipment Market on the basis of product, application and region:

Global Conveying Equipment Product Outlook (Revenue, USD Million, 2012 – 2020)
            • Bulk Handling
            • Unit Handling
            • Parts And Attachments
Global Conveying Equipment Application Outlook (Revenue, USD Million, 2012 – 2020)
            • Durable Goods Manufacturing
            • Nondurable Goods Manufacturing
            • Other 
Conveying Equipment Regional Outlook (Revenue, USD Million, 2012 – 2020)
            • North America
            • Europe
            • Asia Pacific
            • Row

View Press Release of This Research Report By Grand View Research:http://www.grandviewresearch.com/press-release/global-conveying-equipment-market  

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more Information visit us: www.grandviewresearch.com

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:28 2nd Street, Suite 3036
City: San Francisco
State: California
Country: United States
Website: http://www.grandviewresearch.com/industry-analysis/conveying-equipment-market

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