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Conveying Equipment Market Trends

Report ID: GMI754
Published Date: Aug 2023
Report Format: PDF

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Conveying Equipment Market Trends

The growing emphasis of various industries on enhanced efficiency and automation in material handling processes made way for the rising demand for technologically advanced conveyor systems to offer features, such as IoT integration, smart sensors, automated sorting, and real-time tracking for seamless and streamlined operations. These modern solutions improve productivity, reduce manual labor, minimize errors, and optimize overall logistics. Hence, the rising trend toward more sophisticated conveyors will drive the market expansion.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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.