Conveying equipment provides an accurate, efficient and cost-effective method for the easy
and rapid movement of goods from one place to another. Conveyor belts are generally made of rubber and are reinforced with steel, textiles or PVC depending on the application. Conveying equipment are used as goods carriers across various end use industries such as metal mining and coal, steel works, cement, power, airports, ports, food and beverages etc. Conveyors are equipment and machines which carry products, ingredients, packaging components or packs from one place to another, containers etc. Conveyors lead to reduce the production time, which helps in increasing the production of manufacturing plants in order to assist plants to achieve operational efficiency. The production of customized conveying equipment is facilitated by the technological developments and growing industrial production. Growth of manufacturing activities mainly in emerging economies of China, Brazil and India is expected to remain a key driving factor for the market. These manufacturing activities involve the durable goods manufacturing and non-durable goods manufacturing. However, volatile prices of key raw materials such as rubber are expected to hinder the market growth over the forecast period.
Conveying equipments reduces human efforts and time for transportation of goods from one place to another. Conveying equipment can be installed anywhere and are considered to be safer than using a forklift or and other machines to move materials. Conveying equipment can move all loads, sizes, shapes and weights. There are many options for running the conveying equipment which include the hydraulic mechanical and fully automated equipment which are equipped to meet individual needs. Most of the conveyor systems are used in industries, such as agricultural, automotive, computer, food processing, electronic, bottling and canning, packaging and print finishing, aerospace, chemical, pharmaceuticals etc. Conveyor systems such as roller conveyor and chain conveyor allows efficient and quick convey for a wide variety of materials, which makes them popular in the packaging industries and material handling. Conveyor equipment is often the lifeline to a company’s ability so that it can effectively move its product in a timely fashion. Close monitoring of motors and reducers, regular inspections, proper training of personnel and keeping key parts in stock are the steps generally taken by companies to ensure effective productivity.
This market is segmented into different types of products such as bulk handling, unit handling, parts and attachments and others. Unit handling emerged as the leading product segment in the global market and accounted for more than 40% of total market revenue in 2013. However, parts and attachment is expected to be the fastest growing product segment over the next six years.
Consumers buy an enormous variety of products. Some goods are those which last for many years. Other goods are consumed on the spot when consumers purchase them, these are known as durable and non-durable goods to economists and business people hence the production of durable and non-durable goods is the basis for the important measures of economic trends. The conveying equipment market application is used in Industries, durable goods, non- durable goods, other manufacturing goods including mining and construction.
Europe emerged as the leading regional market for conveying equipment and accounted for just over 35% of total market revenue in 2013. Europe was closely followed by Asia Pacific which is also expected to be the fastest growing market for conveying equipment on account of growing industrialization mainly in emerging economies of China and India.
Some of the major companies operating in the global conveying equipment market include Intelligrated Inc, Dematic Group Sarl, Nordstrong Equipment Ltd, Rexnord, Sandvik AB and Webster Industries, Daifuku, Dearborn Mid-West Conveyor, Durr, FMC Technologies, Hitachi, Hytrol Conveyor, Fritz Schafer, Richards Wilcox, Siemens AG, Murarta Machinery, Mecalux ,Swisslog and Vanderlande Industries.