+1-888-308-5802     
News Contact Us

Conveying Equipment Market 2020 | Industry Developments, Outlook, Current Trends by 2026

Author : Rahul Varpe | Published Date : 2020-08-20 

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. Based on these factors, a research report projects that the conveying equipment market might exceed US$65 billion by the year 2025.

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

 

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

  1. 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.

  1. 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.

Request for customization: http://decresearch.com/roc/754

 

  1. 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. 

 

 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. [email protected] | https://twitter.com/varperahul

Related News

Portable Air Compressor Market Share| Insights and Forecast Research Report 2026

Published Date: 2020-09-18         Author: Rahul Varpe

Driven by such factors, Global Market Insights, Inc., suggests that the portable air compressor market might reach USD 8 billion by the end of 2026. The portable air compressor market is set to record noteworthy growth on the basis of increasing usage of modern air compressors that deliver reliable ... Read More

Construction Equipment Market | Dynamics, Forecast, Analysis and Supply Demand 2026

Published Date: 2020-09-18         Author: Rahul Varpe

The construction equipment market may cross USD 160 billion by the year 2026. The construction equipment market is likely to witness tremendous growth given to increasing industrialization and urbanization activities worldwide. The market is observing a substantial rise in the adoption of high-perfo... Read More

Flooring Market | Dynamics, Forecast, Analysis and Supply Demand 2026

Published Date: 2020-09-18         Author: Rahul Varpe

According to a research report by Global Market Insights Inc., the global flooring market is likely to surpass a valuation of $482 billion by the end of 2026. The global flooring market is projected to foresee tremendous business expansion ovFlooring Marketer the coming years due rising disposabl... Read More

© 2020 Fractovia. All Rights Reserved