Global Conveyor Equipment Market 2015-2019
About Conveyor Equipment
Conveyor equipment provides an efficient, accurate, and cost-effective method for the easy and rapid movement of goods from one place to another. Conveyor belts are made of rubber and reinforced with textiles, steel, or PVC depending on the application. They are used as goods carriers in industries such as Coal and Metal Mining, Cement, Steel Works, Power, Food, Airports, and Ports. There are three different types of conveyor belts based on TS: lightweight conveyor belts (TS ranges up to 400 n/mm), medium-weight conveyor belts (TS ranges from 500 n/mm to 2,500 n/mm), and heavyweight conveyor belts (TS ranges above 2,500 n/mm).
TechNavio's analysts forecast the Global Conveyor Equipment market to grow at a CAGR of 1.78 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and growth prospects of the Global Conveyor Equipment market for the period 2015-2019. This report considers revenue obtained from
TechNavio Announces the Publication of its Research Report – Global Conveyor Equipment Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Conveyor Equipment Market: Daifuku Co. Ltd., Dematic Group S.a.r.l and Swisslog Holding AG.
Other Prominent Vendors in the market are: Beumer Maschinenfabrik, Dearborn Mid-West Conveyor, Durr, Eisenmann, FMC Technologies, Fritz Schäfer, Hitachi, Hytrol Conveyor, Mecalux, Murata Machinery, Richards-Wilcox and Vanderlande.
Commenting on the report, an analyst from TechNavio’s team said: “The development of conveyor belt technologies is a major trend in the market. Key vendors are developing low-cost high TS conveyor belts with enhanced durability and load carrying capacity, which helps reduce the overall costs associated with conveyor equipment.”
According to the report, Increased need for cost saving is a major driver of the market. Conveyor equipment helps in the movement and processing of raw materials and finished goods with great accuracy and eliminates various costs of production in the manufacturing plant.
Further, the report states that the high initial investment required for conveyor equipment is hindering the market growth. Also, the total cost of ownership for conveyor equipment is high, mainly because of the design and the high cost of components.
Daifuku , Dematic Group , Swisslog Holding, Vanderlande Industries , BEUMER Group , Dearborn Mid-West Conveyor , Durr , Eisenmann , FMC Technologies , Fritz Schäfer , Hitachi , Hytrol Conveyor , Mecalux , Murata Machinery , Richards-Wilcox