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QYResearch: China Pallet Conveyor consumption market has a quicker growing speed of CAGR 9.2%
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Pallet Conveyor is a type of conveyor that transport pallets from one point to another. It is also a mechanicallyoperated material handling equipment, which are used to transport material within premises.
The Pallet Conveyor industry concentration is not very high; there are more than one hundreds manufacturers in the world, and high-end products mainly from U.S. and Western European.
Global giant manufactures mainly distributed in U.S. and E.U. The manufacturers in U.S. have a long history and unshakable status in this field. Manufacturers such as Intelligrated and Ssi Schaefer have relative higher level of product’s quality. Europe players are concentrated in Germany, like Ssi Schaefer, Dematic, Beumer, Krones and Witron.
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QYResearch Many companies have several plants, usually locate in the place close to aimed consumption region. There are international companies set up factories in China either, such as Dematic whose plant is located in Jiangsu province. Some companies usually take a joint venture enter into aim market. According to QYResearch, The key consumption markets locate at developed countries. The Europe takes the market share of around 34.57%, followed by North America with 25.72% in 2016. China’s consumption market has a quicker growing speed of CAGR 9.2%.
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