2016 sees a tightening of regulations for sanitation, cleanliness and worker safety concerning conveyor belts and conveying systems, not only in Europe, but in other parts of the world. These are part of the challenges that equipment manufacturers need to adhere to, in order to remain competitive on this dynamic market segment.
By Dan Orehov, editor
The European market for conveyor belts and systems is one of the established and mature ones, still recovering from the economic downturn. Nevertheless, the latest report from MarketsandMarkets states that the European market for this type of equipment is projected to grow at a stable rate, by 2018, while the worldwide segment is expected to be worth USD6,268.3m by the same year.
Similar growth is projected for the Americas, especially due to the booming economy and industrial sector in emerging countries. The growth in the food and beverage industries has and will continue to record a positive effect on the conveyor systems market, going hand in hand with the modernization of factories and other food producing facilities, which constantly increase their demand for top quality equipment. Last, but not least, the great potential recorded in the Asia-Pacific region shows a growing market for conveyor systems, especially in countries such as China, India, Thailand and Indonesia, where the end-use for food grade conveyors is growing at a healthy rate, according to the report.
Overall, another report issued by FutureMarketInsights, nam...