World - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
TGW Launches New Conveyor Production Site in Changzhou
Source: TGW Logistics Group
TGW, a global leading manufacturer of dynamic automated logistics solutions for warehousing, production, order picking and distribution, has opened a manufacturing site in Changzhou, China.
Headquartered in Austria, TGW Logistics Group produces cutting-edge automated logistics solutions. Operating since X, TGW provides as/rs solutions, carton and tote conveyor systems, unit load conveyor systems and software for successful warehouse functioning. Its corporate client list includes household names such as H&M, Adidas, Esprit, Kärcher and Amazon.
It took a year for TGW China and TGW Mechanics in Austria to launch the Chinese manufacturing facility TGW Logistics Equipment Production (Changzhou) Co., Ltd. Now that the manufacturing process has been well established, TGW China produces high quality standard carton and tote conveyors for the Chinese market. This new facility has helped TGW to firm up its position in Asia.
Managing Director at TGW Mechanics, Christoph Wolkerstorfer, defines this step as another milestone on the way to the top of the global logistics market. The company now offers competitive conveyor packages to its partners who install highly effective TGW solutions at their facilities in Asia and Australia.
China dominates in the global conveyor or transmission belt trade. In 2014, China exported X thousand tonnes of conveyor or transmission belts totaling X million USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X% of its total conveyor or transmission belt exports in value terms, accounting for X% of the U.S.'s total imports.
From 2007 to 2014, China was a net exporter of conveyor or transmission belts or belting. In this period, exports consistently exceeded imports in value terms, and this difference has expanded with time. In physical terms this difference was even more pronounced.
Germany and Japan were among the other main global suppliers of conveyor or transmission belts or belting in 2014. However, the fastest growing exporters from 2007 to 2014 were Mexico (+X% per year) and China (+X% per year). China, by virtue of this sustained growth, significantly strengthened its position in the global export structure.
China's top X trading partners in 2014 were the U.S., Brazil, South Africa, Viet Nam and Iran, with a combined X% share of China's conveyor or transmission belt exports. The share of Brazil increased (+X percentage points), while the share of the U.S. illustrated negative dynamics (-X percentage points).
Source: IndexBox Platform
This report provides an in-depth analysis of the global market for conveyor or transmission belt. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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