Conveying equipment global market expanding

ALBANY, New York, USA – The global market for conveying equipment was valued at US$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.

These are figures that appear on the latest market report published by Transparency Market Research, "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."

Mass production and assembly line conveyor equipment in the different industries, increasing demand for automotives along with a growing need for customised conveying equipment are also expected to bolster the global market.

There is one bad news—the fluctuating demand from the durable goods industry is making a profound impact on the conveying equipment’s market. The durable goods industry has been affected by macroeconomic factors, such as the inflation rate, economic output, and the GDP, amongst others, all expected to affect the product’s growth.

Fortunately, there’s the rising trend of e-commerce, carrying with it a paradigm shift in which the distribution of products is moved from the merchant directly to client. This and growth in the food and beverage industry, which also requires horizontal production and movement of goods, are both expected to create new opportunities for the conveyor market in the next five years.

Amongst the equipment, the unit handling conveyor emerged as the biggest product segment inMercurial Superfly Heritage FG