Question 1

What is the size of the conveying equipment market?

Accepted Answer

The market size for conveying equipment is estimated to record over 3.5% CAGR from 2023 to 2032, driven by the strong global outlook on automotive production.

Question 2

Why is the demand for bulk handling conveying equipment gaining traction?

Accepted Answer

Bulk handling conveying equipment market is set to witness considerable growth through 2032, attributed to surging demand for effective handling equipment along with increasing need for raw materials and the expansion of infrastructure projects.

Question 3

Who are the major conveying equipment manufacturers?

Accepted Answer

Some of the top firms operating in the global market are Murata Machinery, Ltd., Mecalux S.A., Taikisha Global, Jungheinrich AG, Daifuku Co., Ltd., Fives Group, Fenner Group Holdings Ltd., TGW Logistics Group GmbH, Flexlink, Intelligrated, Inc., Kardex Group, and Kion Group AG.

Question 4

How big is the Asia Pacific conveying equipment market?

Accepted Answer

Asia Pacific holds over 35% share of the conveying equipment industry and will witness notable CAGR from 2023 to 2032, owing to the increasing popularity of online shopping and the rapid expansion of e-commerce companies.

Conveying Equipment Market Share

Conveying Equipment Market Share

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