Conveying Equipment Market Growth Offers Room to Grow to Existing & Emerging Players

Stratview Research has published a new report titled “[Conveying Equipment Market](https://www.stratviewresearch.com/1195/conveying-equipment-market.html)” which is segmented by Product Type (Bulk Handling Equipment, Unit Handling Equipment, and Parts & Attachments), by Application Type (Durable Manufacturing, Food & Beverage, General Merchandise, Mining & Construction, Transportation, and Warehouse & Distribution), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, conveying equipment market is likely to witness a steady CAGR of 3.7% during the forecast period. The prime factor that is contributing to the demand for conveying equipment is the growing adoption of automation in various industries across the globe.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
Based on the product type, the market is segmented as bulk handling equipment, unit handling equipment, and parts & attachments. The bulk handling equipment segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period, owing to the utility in conveying materials such as cement, coal, chemicals, and others.
Based on the application type, the market is segmented as durable manufacturing, food & beverage, general merchandise, mining & construction, transportation, and warehouse & distribution. The durable manufacturing segment accounted for the largest share by application in 2019, and is expected maintain its dominance over the forecast period triggered by the faster and efficient solution offered by such equipment thereby, improving productivity.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to contribute for the largest market share during the forecast period. The Asia-Pacific’s market is expected to grow with a lucrative CAGR due to the rapid industrialization especially in food & beverages, e-commerce, and automotive sectors in countries such as India, China, Indonesia, South Korea, Thailand, and Malaysia. North America and Europe are also expected to offer sizeable market opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Conveying Equipment Market:
• Beumer Group GmbH & Co.
• Caterpillar Inc.
• Daifuku Co. Ltd.
• Fenner Group Holdings Ltd.
• Fives Group
• Flexlink
• Intelligrated, Inc.
• Jungheinrich AG
• Kardex Group
• Kion Group AG.
Key questions answered by the report
- What is the projected CAGR for revenue from the Conveying Equipment Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Conveying Equipment Market?
- Which are the major market players?
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.

Covid-19 Impact on Composites Market: Updated Study Offering Insights & Analysis up to 2026

Stratview Research delivers key insights on the global Composites Market. According to Stratview Research, the market is segmented by Resin Type (Thermoset Composites, Thermoplastic Composites), by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites, and Others), by Manufacturing Process Type (Lay-up, Filament Winding, Injection Molding, Pultrusion, Compression Molding, Resin Transfer Molding, and Others), by End-Use Industry Type (Transportation, Aerospace & Defense, Wind Energy, Construction & Infrastructure, Pipes & Tanks, Marine, Electrical & Electronics, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
The report suggests that the overall Composites market is likely to witness an impressive CAGR of 6.8% during the forecast period. The prime factor underpinning the demand for composites is the increasing penetration of lightweight materials in various end-use industries such as aerospace & defense, automotive, and wind energy, which is driving the growth of the market.
Market Segments' Analysis
Based on the manufacturing process type, the market is segmented as lay-up, filament winding, injection molding, pultrusion, compression molding, resin transfer molding, and others. The lay-up process type is expected to dominate the market during the forecast period as it is the most cost-effective process, driving the growth of the segment.
Based on the end-use industry type, the composites market is segmented as transportation, aerospace & defense, wind energy, construction & infrastructure, pipes & tanks, marine, electrical & electronics, and others. The transportation segment is expected to dominate the market during the forecast period. Composites offer improved strength-to-weight ratio, which provides lightweight construction and hence, fuel-efficient transportation vehicle.
In terms of regions, Asia-Pacific is estimated to remain the largest market during the forecast period driven by the expanding transportation industry, increasing number of wind turbine installations, and significant growth in construction & infrastructure of the growing economies such as China and India.
Key Players
The following are some of the key players in the Composites Market:
• Hexcel Corporation
• Hexion Inc.
• Huntsman Corporation
• Koninklijke Ten Cate BV
• Mitsubishi Chemical Corporation
• Owens Corning
• SGL Group
• Solvay S.A.
• Teijin Limited
• Toray Industries Inc.
• others.
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
- What is the global demand for Composites Market in terms of revenue?
- Which are the prominent players in the market?
- At what CAGR is the market projected to grow within the forecast period?
- What are the driving factors fuelling the growth of the market?
- Which region accounted for the largest share in the market?
- How did the Covid19 impacted the market?
- How long will it take to recover from the Covid impact?
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Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.
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