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Conveying Equipment Market Size | Application and Future Forecast by 2025

Conveying Equipment Market Size | Application and Future Forecast by 2025

Selbyville, Delaware, United States, October 23 2020 (Wiredrelease) Global Market Insights, Inc –:Based on these factors, a research report projects that the conveying equipment market might exceed US$65 billion by the year 2025. Rampant expansion activities commenced in the global e-commerce sector is projected to drive new growth prospects in conveying equipment market over 2025. The need to expand existing customer base and speed up product delivery has encouraged companies that are operating in the e-commerce sector to deploy advanced conveying equipment across their warehouses. Construction of new warehouse infrastructures will facilitate the deployment of advanced conveying equipment. In 2020, e-commerce giant Amazon revealed plans to build smaller fulfillment centers closer to customers in Philadelphia, Orlando, Phoenix, and Dallas to bolster same-day delivery of products for its growing customer base.

Conveying equipment can significantly improve overall manufacturing and material handling process across industries. Growing penetration of industrial automation across developing countries is supporting the deployment of precision conveying equipment. Companies in the manufacturing sector utilize these equipment to reduce operational costs and overall product processing time.

With rising labor cost across countries like Australia, Brazil, and Canada, the demand for automated equipment like conveyers is expected to accelerate significantly over the years.

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Specified below are the key trends that may stimulate conveying market size:

The flourishing industrial sector of APAC

The manufacturing and e-commerce sector of countries like India, China, South Korea, Malaysia, Indonesia, and Thailand have propelled the demand for conveying equipment over recent years. Numerous SMEs and large scale manufacturers in the region are increasingly relying on advanced industrial technologies to expand business capacity and meet customer demands.

The demand for consumer products is relatively high across countries like India and China during festive seasons. According a report, in 2019, Indian e-tailers achieved a record US$3 billion of Gross Merchandise Value (GMV) between September – October. Instances like this increase pressure on ecommerce firms, facilitating the required for reliable automated systems across warehouses. Industry 4.0 and initiatives like ‘Make in India’ are projected to deeply favor APAC conveying equipment market outlook by 2025.

High demand for unit handling equipment

Unit handling conveying equipment is well-suited for moving lighter loads as well as large and discrete items. They provide safe and reliable material handling across external, internal, normal, humid, dusty, and corrosive environments.

They are mainly used to monitor lower batch size in applications in which manual positioning and rotation of products is required. High demand for durable manufacturing systems is expected to accelerate the deployment of unit handling equipment across industries.

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Implementation of new business strategies

Companies like Phoenix Conveyor Belt Systems, TGW Logistics Group GmbH, Murata Machinery, Ltd., SSI Schaefer Group, Kardex Group, Jungheinrich AG, Kion Group AG, Toyota Industries Corporation, Viastore Systems, Inc, and Fenner Group Holdings Ltd. are leading the conveying equipment market.

These firms are laying out new business strategies to sustain in the completive market. Development of technologically advanced products would likely favor product manufacturers and suppliers with new demand. In 2020, U.S.-based material handling equipment supplier, Multi-Conveyor LLC launched a new conveyor system designed to transport sugar bags from three different filling machines to feed a robotic tray packer at speeds of 70 to 140 bags/minute. 

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

Report Content

Chapter 1.   Methodology and Scope

1.1.  Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.  Data sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2.   Executive Summary

2.1.  Conveying equipment industry 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Application trends

Chapter 3.   Conveying Equipment Industry Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2015 – 2025

3.3.  Industry ecosystem analysis

3.3.1. Raw material suppliers

3.3.2. Component suppliers

3.3.3. Manufacturers

3.3.4. Technology providers

3.3.5. Service providers

3.3.6. Distribution channel analysis

3.3.7. Vendor matrix

3.4.  Technology & innovation landscape

3.4.1. Impact of IoT

3.4.2. Industry 4.0

3.4.3. Robotics & automation

3.5.  Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.    Strong global outlook on automotive production

3.6.1.2.    Growth in the global aviation industry

3.6.1.3.    Increasing demand for advanced conveyors in the U.S.

3.6.1.4.    Rising labor costs and inconvenience of employing a manual workforce in North America and Europe

3.6.1.5.    Ongoing industrialization and rise in demand for cost-efficient systems in Europe & Asia Pacific

3.6.1.6.    Growth in the Asia Pacific and MEA mining industry

3.6.1.7.    Development of manufacturing sector in South-East Asian countries

3.6.1.8.    Flourishing e-commerce industry in Asia Pacific & Latin America

3.6.2. Industry pitfalls & challenges

3.6.2.1.    Need for trained workforce

3.6.2.2.    Declining capital investment

3.6.2.3.    High capital investment for setting manufacturing facility and maintenance costs

3.6.2.4.    Rising usage of AGVs & robotics

3.7.  Growth potential analysis

3.8.  Porter’s analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9.  Competitive landscape, 2018

3.9.1. Strategy dashboard

3.10.    PESTEL analysis

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