The global conveyor belt market is forecast to grow at a CAGR of 3.71% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, a key growth driver is the rising demand for emerging economies. Another major driver of the global conveyor belt market is the increase in demand from growing economies of developing regions. Many international corporations from developed countries have set up production facilities in APAC, especially in countries such as India and China, because of the availability of cheaper factors of production such as labor, raw material, and equipment. The spurt in the growth of manufacturing activities has enhanced the adoption of conveyor systems in this region. Moreover, higher spending power, improved standard of living, and higher GDP are increasing the demand for manufactured goods, which in turn is leading to the growing adoption of these automated systems.
Further, the report states that one challenge that could restrict market growth is the need for continuous support and maintenance for effective performance of conveyor equipment.
- Bando Chemical Industries
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market opportunity assessment
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
For more information visit http://www.researchandmarkets.com/research/bksn5z/global_conveyor