Last updated on April 19, 2014 at 5:20 EDT

Global Conveying Equipment Market is Expected to Reach USD 34.71 Billion in 2018: Transparency Market Research

August 23, 2013

ALBANY, New York, August 23, 2013 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Global and U.S. Conveying Equipment (Unit
Handling, Bulk Handling and Parts & Attachments) Market for Durable, Non-durable and Other
Manufacturing Application – Industry Analysis, Size, Share, Growth, Trends and Forecast,
2012 – 2018,” the global market for conveying equipment was valued at USD 30.76 billion in
2011 and is expected to reach USD 34.71 billion by 2018, growing at a CAGR of 1.8% from
2012 to 2018.

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Introduction of mass production and assembly line methodologies in different
industries has been boosting the demand for conveyors, and in turn fuelling the conveyor
equipment demand. The increasing demand for automotives coupled with growing need for
customized conveying equipments are also expected to bolster the global market. However,
fluctuating demand from the durable goods industry has a profound impact on the conveying
equipment market. The durable goods industry is affected by macroeconomic factors such as
inflation rate, economic output, and GDP among others which are expected to hamper the
market growth. The rising trend of e-commerce with a paradigm shift in distribution of
products from the merchant to client together with growth in food and beverage industry
that requires horizontal production and movement of goods are expected to create new
opportunities for the market in the next five years.

Unit handling equipment emerged as the biggest product segment and accounted for 44.9%
of the total conveying equipment market in 2011. These equipments are used for both
manufacturing and shipping of materials which makes them one of the fundamental
requirements for any industry. Parts and attachments segment is expected to be the fastest
growing conveying equipment at an estimated CAGR of 2.2% from 2012 to 2018. Parts and
attachments are both end products as well as intermediate products hence expected to grow
at higher rate. The global market for bulk handling equipment is expected to exceed a
market worth USD 11.1 billion by 2018.

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Europe dominated the conveying equipment market and accounted for 35.9% of the total
market in 2011. Presence of large number of automobile manufacturers mainly in Germany,
Italy and France has been contributing to the growth of conveying equipment market in
Europe. North America market is expected to reach USD 8,457.8 million by 2018. The U.S.
market was the largest contributor to the conveying equipment market of North America and
had revenue earning of USD 6,618.2 million in 2011. Asia Pacific is expected to be the
fastest growing market for conveying equipment at an estimated CAGR of 2.3% from 2012 to
2018. The growing industrial production mainly in China and India is expected to drive the
market over the forecast period.

The U.S. conveying equipment market was dominated by unit handling equipment sharing
33% of the total market in 2011. The market for unit handling equipment in the U.S. is
expected to exceed USD 3,452.3 million by 2018. Parts and attachments market in the U.S.
is expected to grow at a CAGR of 2.3% from 2012 to 2018.

Conveying equipment market is highly fragmented as top three companies had almost
equal market shares in 2011. Major participants in order to achieve sustainable growth are
focusing on product differentiation and innovation which would help companies achieve
brand loyalty as they provide innovative and quality oriented products according to the
customized industrial needs. The key participants in the industry include Dematic, Fenner
Dunlop, Intelligrated Inc., Nordstrong Equipment Ltd., Rexnord, Sandvik AB and Webster
Industries among others.

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This report segments the global and U.S. conveying equipment market as follows:

        - Global Conveying Equipment Market: Product Segment Analysis
             - Unit handling
             - Bulk handling
             - Parts and attachments
        - Global Conveying Equipment Market: Regional Analysis
             - North America
             - Europe
             - Asia Pacific
             - Rest of the World
        - U.S. Conveying Equipment Market: Product Segment Analysis
             - Unit handling
             - Bulk handling
             - Parts and attachments
        - U.S. Conveying Equipment Market: Application Analysis
             - Durable goods
             - Non-durable goods
             - Other Manufacturing goods (Including mining, construction, etc.)

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research techniques in developing distinctive data sets and research material for business

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