DUBLIN, Mar. 26, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/8zj8kx/global_and_u_s) has announced the addition of the "Concise Analysis of the International and US Conveying Equipment Market - Forecasts to 2018" report to their offering.
Europe dominated the conveyor equipment market with nearly 35.5% of the global market in 2011. The demand for conveyor equipment grew until 2011 owing to the concentration of leading automobile manufacturer including Mercedes, Audi, Ducati and BMW in the region. Germany and France are some of the major markets owing to presence of some of the leading automobile manufacturers in the world. The accelerated demand for conveyor systems particularly in the automobile industry bolstered the conveyor equipment market. With the emerging economies of China and India, Asia Pacific is expected to acquire a market share of approximately 32% by 2018. The U.S. market is expected to reach above USD 7,498 million by 2018.
The U.S. is a hub for various manufacturing activities leading to high demand for conveying equipment. With stabilization of the U.S. economy after recession and industrialization returning to a steady pace, the U.S. conveying equipment market is expected to grow at a marginal rate over the forecast period. The U.S. unit handling conveying equipment market was valued at nearly USD 3,102 million in 2011. The unit handling equipment has been primarily used for handling small batches which are most widely applicable in industries such as food & beverage processing, shipments and manufacturing of automotive industries besides other durable goods industries. Bulk handling equipment market is expected to grow at a CAGR of 1.9% from 2012 to 2018, with slight fluctuations in demand due to limited product differentiation in this equipment market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Conveying Equipment - Industry Analysis
Chapter 4 Conveying Equipment Market - Product Segment Analysis
Chapter 5 Conveying Equipment Market - Regional Analysis
Chapter 6 Company Profiles
- Fenner Dunlop
- Intelligrated Inc
- Nordstrong Equipment Limited
- Sandvik AB
- Schneider Electric SA
- Webster industries Inc
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SOURCE Research and Markets