San Francisco, California (PRWEB) June 30, 2014
The global conveying equipment market is expected to reach USD 36.42 billion by 2020, according to a new study by Grand View Research Inc. Increasing approach towards mass production and assembly line methodology across various industries including sea ports and food & beverages are expected to remain a key driving factor for the global market over the next six years. In addition, development in construction sector coupled with increasing market growth of motor vehicle manufacturing in Asia Pacific and Europe is expected to further augment the market growth over the forecast period. However, volatile prices of key raw materials such as synthetic rubber and metals are expected to hinder the market growth over the forecast period.
The report “Conveying Equipment Market by Product (Bulk Handling, Unit Handling, Parts and Attachments), By Application (Durable, Non-Durable Goods) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/conveying-equipment-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the conveying equipment market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/.
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