The report forecasts the global chains and sprockets market for MHE to grow at a CAGR of 3.02% 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.
The strict legislation enacted in various countries, especially in the chemical and food and beverage sectors, should act as a major driver for the market in the future. Major food and beverage manufacturers are looking at robotics as the solution to comply with norms and adhere to strict regulatory guidelines.
According to the report, conveyor manufacturing units are going in for miniaturization of products because of the demand for advanced conveyors that are small yet efficient. Many companies are building small and smart material handling systems. Miniaturization reduces the total cost of machinery installed. Compact MHE makes it simpler for operators to monitor and optimize the process. This is a dominant driver, and has a positive impact on the global chains and sprockets market for conveyors and elevators.
Further, the report states that the recent economic downturn in China will have an adverse effect on the chains and sprockets market.
- Chiaravalli Group
- Rexnord Corporation
- Tsubakimoto Chain
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 segmentation by end-user
PART 07: Geographical segmentation
PART 08: Key leading countries
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
PART 15: Key vendor analysis
PART 16: Appendix
For more information visit http://www.researchandmarkets.com/research/z92sm7/global_chains_and
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-chains-and-sprockets-market-for-material-handling-equipment-2016-2020---increased-miniaturization-of-conveyors-300297493.html
SOURCE Research and Markets