Global Conveying Equipment Market is accounted for $47.47 billion in 2019 and is expected to reach $72.85 billion by 2027 growing at a CAGR of 5.5% during the forecast period. While the factors like the strong outlook on global automotive production and a shift in mass production and assembly line method are propelling the market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to a rising number of industries and requirements for fast as well as efficient material handling system products.
Some of the key players profiled in the Conveying Equipment Market include Beumer Group GmbH & Co., KG, Continental, Daifuku Co., Ltd., Emerson, Fenner Group Holdings Ltd, Fives Group, Flexlink, Intelligrated, Inc, Jungheinrich AG, Kardex Group, Kion Group AG, KUKA AG, Murata Machinery, Ltd, Phoenix Conveyor Belt System, Siemens AG, and TGW Logistics Group GmbH.
Products Covered in Conveying Equipment Market
• Bulk Handling
• Parts & Attachments
• Unit Handling
Types Covered:
• Belt
• Chain Conveyors
• Overhead
• Pallet
• Roller
Applications Covered:
• Nondurable Goods Manufacturing
• Durable Goods Manufacturing
End Users Covered:
• Airport
• Automotive
• Electronics
• Food & Beverage
• Retail/General Merchandise
• Mining & Construction
• Warehouse & Distribution
• Transportation
• Engineering Machinery
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