Stratview Research has published a new report titled ‘Conveying Equipment Market’ to its database. It has segmented the market by Product Type (Bulk Handling Equipment, Unit Handling Equipment, and Parts & Attachments), by Application Type (Durable Manufacturing, Food & Beverage, General Merchandise, Mining & Construction, Transportation, and Warehouse & Distribution), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Segments' Analysis

Based on the product type, the market is segmented as bulk handling equipment, unit handling equipment, and parts & attachments. The bulk handling equipment segment held the largest share of the market in 2020 and is expected to remain dominant during the forecast period, owing to the utility in conveying materials such as cement, coal, chemicals, and others.

Based on the application type, the market is segmented as durable manufacturing, food & beverage, general merchandise, mining & construction, transportation, and warehouse & distribution. The durable manufacturing segment accounted for the largest share by application in 2020 and is expected maintain its dominance over the forecast period triggered by the faster and efficient solution offered by such equipment thereby, improving productivity.

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