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レポート概要
GlobalInfoResearchの最新の調査によると、世界のフレキシブルコンベヤの市場規模は2022年のxxx米ドルから2029年にはxxx米ドルと推定され、xxx%の成長率で成長すると予想されます。新型コロナウイルス感染症とロシア・ウクライナ戦争の影響を考慮しながら市場規模を推計しました。 このレポートは、世界のフレキシブルコンベヤ市場に関する詳細かつ包括的な分析の結果です。定量的分析と定性的分析データが、メーカー別、地域別、国別、種類別、用途別に記載されています。 市場は常に変化しているため、本レポートでは、競争、需要と供給の傾向、および多くの市場にわたる需要の変化に影響する主要な要因を調査しました。主要な競合他社の企業概要と製品例、および2023年の市場シェア予測も記載しました。 本レポートの主な目的は次のとおりです。 - 世界および主要国の市場機会の規模を決定するため - フレキシブルコンベヤの成長可能性を評価するため - 各製品および最終用途市場の将来の成長を予測するため - 市場に影響を与える競争要因を評価するため フレキシブルコンベヤ市場は種類と用途によって区分されます。2018年~2029年において、量と金額の観点から種類別および用途別セグメントの売上予測データを提供します。この分析は、適格なニッチ市場をターゲットにすることでビジネスを拡大するのに役立ちます。 種類別セグメント ・電動式フレキシブルコンベヤ、重力式フレキシブルコンベヤ 用途別セグメント ・工場倉庫&物流施設、空港手荷物ハンドリングシステム、その他 主要な市場プレーヤー ・Ocon Conveyors、Conveyor Units、BS Rollen、YiFan Conveyor、Roach Conveyors、FMH Conveyors、Thomas Conveyor and Equipment、Spaceguard、Ultimation Industries、Accrue Conveyor Products、Flexicon、Materials Handling、UNI XU、Automation Supplies、Active Handling Systems、Cannon Equipment 地域別セグメントは次の地域・国をカバーします。 ・北米(米国、カナダ、メキシコ) ・ヨーロッパ(ドイツ、フランス、イギリス、ロシア、イタリア) ・アジア太平洋(日本、中国、韓国、インド、東南アジア、オーストラリア) ・南アメリカ(ブラジル、アルゼンチン、コロンビア) ・中東およびアフリカ(サウジアラビア、UAE、エジプト、南アフリカ) 本調査レポートの内容は計15章あります。 ・第1章では、フレキシブルコンベヤ製品の調査範囲、市場の概要、市場の成長要因・阻害要因、および市場動向について説明します。 ・第2章では、主要なフレキシブルコンベヤメーカーの企業概要、2019年~2022年までのフレキシブルコンベヤの価格、販売量、売上、市場シェアを掲載しています。 ・第3章では、主要なフレキシブルコンベヤメーカーの競争状況、販売量、売上、世界市場シェアが重点的に比較分析されています。 ・第4章では、2018年~2029年までの地域別フレキシブルコンベヤの販売量、売上、成長性を示しています。 ・第5、6章では、2018年~2029年までのフレキシブルコンベヤの種類別と用途別の市場規模、市場シェアと成長率を掲載しています。 ・第7、8、9、10、11章では、2018年~2022年までの世界の主要国での販売量、売上、市場シェア、並びに2023年~2029年までの主要地域でのフレキシブルコンベヤ市場予測を収録しています。 ・第12章では、市場力学、成長要因、阻害要因、トレンド、ポーターズファイブフォース分析、新型コロナウイルス感染症とロシア・ウクライナ戦争の影響を掲載しています。 ・第13章では、主要な原材料、主要なサプライヤー、およびフレキシブルコンベヤの産業チェーンを掲載しています。 ・第14、15章では、フレキシブルコンベヤの販売チャネル、販売業者、顧客、調査結果について説明します。 ***** 目次(一部) ***** ・市場概要 - フレキシブルコンベヤの概要 - 種類別分析(2018年vs2022年vs2029年):電動式フレキシブルコンベヤ、重力式フレキシブルコンベヤ - 用途別分析(2018年vs2022年vs2029年):工場倉庫&物流施設、空港手荷物ハンドリングシステム、その他 - 世界のフレキシブルコンベヤ市場規模・予測 - 世界のフレキシブルコンベヤ生産能力分析 - 市場の成長要因・阻害要因・動向 ・メーカー情報(企業概要、製品概要、販売量、価格、売上) - Ocon Conveyors、Conveyor Units、BS Rollen、YiFan Conveyor、Roach Conveyors、FMH Conveyors、Thomas Conveyor and Equipment、Spaceguard、Ultimation Industries、Accrue Conveyor Products、Flexicon、Materials Handling、UNI XU、Automation Supplies、Active Handling Systems、Cannon Equipment ・メーカー別市場シェア・市場集中度 ・地域別市場分析2018年-2029年 ・種類別分析2018年-2029年:電動式フレキシブルコンベヤ、重力式フレキシブルコンベヤ ・用途別分析2018年-2029年:工場倉庫&物流施設、空港手荷物ハンドリングシステム、その他 ・フレキシブルコンベヤの北米市場 - 種類別市場規模2018年-2029年 - 用途別市場規模2018年-2029年 - 主要国別市場規模:アメリカ、カナダ、メキシコなど ・フレキシブルコンベヤのヨーロッパ市場 - 種類別市場規模2018年-2029年 - 用途別市場規模2018年-2029年 - 主要国別市場規模:ドイツ、イギリス、フランス、ロシア、イタリアなど ・フレキシブルコンベヤのアジア市場 - 種類別市場規模2018年-2029年 - 用途別市場規模2018年-2029年 - 主要国別市場規模:中国、日本、韓国、インド、東南アジア、オーストラリアなど ・フレキシブルコンベヤの南米市場 - 種類別市場規模2018年-2029年 - 用途別市場規模2018年-2029年 - 主要国別市場規模:ブラジル、アルゼンチンなど ・フレキシブルコンベヤの中東・アフリカ市場 - 種類別市場規模2018年-2029年 - 用途別市場規模2018年-2029年 - 主要国別市場規模:サウジアラビア、トルコ、エジプト、南アフリカなど ・市場力学(成長要因、阻害要因、トレンド、ポーターズファイブフォース分析) ・原材料および産業チェーン ・販売チャネル、流通業者・代理店、顧客リスト ・調査の結果・結論 |
According to our (Global Info Research) latest study, the global Flexible Conveyor market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
This report is a detailed and comprehensive analysis for global Flexible Conveyor market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Flexible Conveyor market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Flexible Conveyor market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Flexible Conveyor market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2018-2029
Global Flexible Conveyor market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Flexible Conveyor
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Flexible Conveyor market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Ocon Conveyors, Conveyor Units, BS Rollen, YiFan Conveyor and Roach Conveyors, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Flexible Conveyor market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Electric Flexible Conveyor
Gravity Flexible Conveyor
Market segment by Application
Factory Warehousing and Logistics Facilities
Airport Baggage Handling Systems
Others
Major players covered
Ocon Conveyors
Conveyor Units
BS Rollen
YiFan Conveyor
Roach Conveyors
FMH Conveyors
Thomas Conveyor and Equipment
Spaceguard
Ultimation Industries
Accrue Conveyor Products
Flexicon
Materials Handling
UNI XU
Automation Supplies
Active Handling Systems
Cannon Equipment
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Flexible Conveyor product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Flexible Conveyor, with price, sales, revenue and global market share of Flexible Conveyor from 2018 to 2023.
Chapter 3, the Flexible Conveyor competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Flexible Conveyor breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Flexible Conveyor market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Flexible Conveyor.
Chapter 14 and 15, to describe Flexible Conveyor sales channel, distributors, customers, research findings and conclusion.
1 Market Overview
1.1 Product Overview and Scope of Flexible Conveyor
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Flexible Conveyor Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Electric Flexible Conveyor
1.3.3 Gravity Flexible Conveyor
1.4 Market Analysis by Application
1.4.1 Overview: Global Flexible Conveyor Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Factory Warehousing and Logistics Facilities
1.4.3 Airport Baggage Handling Systems
1.4.4 Others
1.5 Global Flexible Conveyor Market Size & Forecast
1.5.1 Global Flexible Conveyor Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Flexible Conveyor Sales Quantity (2018-2029)
1.5.3 Global Flexible Conveyor Average Price (2018-2029)
2 Manufacturers Profiles
2.1 Ocon Conveyors
2.1.1 Ocon Conveyors Details
2.1.2 Ocon Conveyors Major Business
2.1.3 Ocon Conveyors Flexible Conveyor Product and Services
2.1.4 Ocon Conveyors Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 Ocon Conveyors Recent Developments/Updates
2.2 Conveyor Units
2.2.1 Conveyor Units Details
2.2.2 Conveyor Units Major Business
2.2.3 Conveyor Units Flexible Conveyor Product and Services
2.2.4 Conveyor Units Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 Conveyor Units Recent Developments/Updates
2.3 BS Rollen
2.3.1 BS Rollen Details
2.3.2 BS Rollen Major Business
2.3.3 BS Rollen Flexible Conveyor Product and Services
2.3.4 BS Rollen Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 BS Rollen Recent Developments/Updates
2.4 YiFan Conveyor
2.4.1 YiFan Conveyor Details
2.4.2 YiFan Conveyor Major Business
2.4.3 YiFan Conveyor Flexible Conveyor Product and Services
2.4.4 YiFan Conveyor Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 YiFan Conveyor Recent Developments/Updates
2.5 Roach Conveyors
2.5.1 Roach Conveyors Details
2.5.2 Roach Conveyors Major Business
2.5.3 Roach Conveyors Flexible Conveyor Product and Services
2.5.4 Roach Conveyors Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Roach Conveyors Recent Developments/Updates
2.6 FMH Conveyors
2.6.1 FMH Conveyors Details
2.6.2 FMH Conveyors Major Business
2.6.3 FMH Conveyors Flexible Conveyor Product and Services
2.6.4 FMH Conveyors Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 FMH Conveyors Recent Developments/Updates
2.7 Thomas Conveyor and Equipment
2.7.1 Thomas Conveyor and Equipment Details
2.7.2 Thomas Conveyor and Equipment Major Business
2.7.3 Thomas Conveyor and Equipment Flexible Conveyor Product and Services
2.7.4 Thomas Conveyor and Equipment Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 Thomas Conveyor and Equipment Recent Developments/Updates
2.8 Spaceguard
2.8.1 Spaceguard Details
2.8.2 Spaceguard Major Business
2.8.3 Spaceguard Flexible Conveyor Product and Services
2.8.4 Spaceguard Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Spaceguard Recent Developments/Updates
2.9 Ultimation Industries
2.9.1 Ultimation Industries Details
2.9.2 Ultimation Industries Major Business
2.9.3 Ultimation Industries Flexible Conveyor Product and Services
2.9.4 Ultimation Industries Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Ultimation Industries Recent Developments/Updates
2.10 Accrue Conveyor Products
2.10.1 Accrue Conveyor Products Details
2.10.2 Accrue Conveyor Products Major Business
2.10.3 Accrue Conveyor Products Flexible Conveyor Product and Services
2.10.4 Accrue Conveyor Products Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 Accrue Conveyor Products Recent Developments/Updates
2.11 Flexicon
2.11.1 Flexicon Details
2.11.2 Flexicon Major Business
2.11.3 Flexicon Flexible Conveyor Product and Services
2.11.4 Flexicon Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.11.5 Flexicon Recent Developments/Updates
2.12 Materials Handling
2.12.1 Materials Handling Details
2.12.2 Materials Handling Major Business
2.12.3 Materials Handling Flexible Conveyor Product and Services
2.12.4 Materials Handling Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.12.5 Materials Handling Recent Developments/Updates
2.13 UNI XU
2.13.1 UNI XU Details
2.13.2 UNI XU Major Business
2.13.3 UNI XU Flexible Conveyor Product and Services
2.13.4 UNI XU Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.13.5 UNI XU Recent Developments/Updates
2.14 Automation Supplies
2.14.1 Automation Supplies Details
2.14.2 Automation Supplies Major Business
2.14.3 Automation Supplies Flexible Conveyor Product and Services
2.14.4 Automation Supplies Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.14.5 Automation Supplies Recent Developments/Updates
2.15 Active Handling Systems
2.15.1 Active Handling Systems Details
2.15.2 Active Handling Systems Major Business
2.15.3 Active Handling Systems Flexible Conveyor Product and Services
2.15.4 Active Handling Systems Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.15.5 Active Handling Systems Recent Developments/Updates
2.16 Cannon Equipment
2.16.1 Cannon Equipment Details
2.16.2 Cannon Equipment Major Business
2.16.3 Cannon Equipment Flexible Conveyor Product and Services
2.16.4 Cannon Equipment Flexible Conveyor Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.16.5 Cannon Equipment Recent Developments/Updates
3 Competitive Environment: Flexible Conveyor by Manufacturer
3.1 Global Flexible Conveyor Sales Quantity by Manufacturer (2018-2023)
3.2 Global Flexible Conveyor Revenue by Manufacturer (2018-2023)
3.3 Global Flexible Conveyor Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Flexible Conveyor by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Flexible Conveyor Manufacturer Market Share in 2022
3.4.2 Top 6 Flexible Conveyor Manufacturer Market Share in 2022
3.5 Flexible Conveyor Market: Overall Company Footprint Analysis
3.5.1 Flexible Conveyor Market: Region Footprint
3.5.2 Flexible Conveyor Market: Company Product Type Footprint
3.5.3 Flexible Conveyor Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Flexible Conveyor Market Size by Region
4.1.1 Global Flexible Conveyor Sales Quantity by Region (2018-2029)
4.1.2 Global Flexible Conveyor Consumption Value by Region (2018-2029)
4.1.3 Global Flexible Conveyor Average Price by Region (2018-2029)
4.2 North America Flexible Conveyor Consumption Value (2018-2029)
4.3 Europe Flexible Conveyor Consumption Value (2018-2029)
4.4 Asia-Pacific Flexible Conveyor Consumption Value (2018-2029)
4.5 South America Flexible Conveyor Consumption Value (2018-2029)
4.6 Middle East and Africa Flexible Conveyor Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Flexible Conveyor Sales Quantity by Type (2018-2029)
5.2 Global Flexible Conveyor Consumption Value by Type (2018-2029)
5.3 Global Flexible Conveyor Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Flexible Conveyor Sales Quantity by Application (2018-2029)
6.2 Global Flexible Conveyor Consumption Value by Application (2018-2029)
6.3 Global Flexible Conveyor Average Price by Application (2018-2029)
7 North America
7.1 North America Flexible Conveyor Sales Quantity by Type (2018-2029)
7.2 North America Flexible Conveyor Sales Quantity by Application (2018-2029)
7.3 North America Flexible Conveyor Market Size by Country
7.3.1 North America Flexible Conveyor Sales Quantity by Country (2018-2029)
7.3.2 North America Flexible Conveyor Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Flexible Conveyor Sales Quantity by Type (2018-2029)
8.2 Europe Flexible Conveyor Sales Quantity by Application (2018-2029)
8.3 Europe Flexible Conveyor Market Size by Country
8.3.1 Europe Flexible Conveyor Sales Quantity by Country (2018-2029)
8.3.2 Europe Flexible Conveyor Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Flexible Conveyor Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Flexible Conveyor Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Flexible Conveyor Market Size by Region
9.3.1 Asia-Pacific Flexible Conveyor Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Flexible Conveyor Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Flexible Conveyor Sales Quantity by Type (2018-2029)
10.2 South America Flexible Conveyor Sales Quantity by Application (2018-2029)
10.3 South America Flexible Conveyor Market Size by Country
10.3.1 South America Flexible Conveyor Sales Quantity by Country (2018-2029)
10.3.2 South America Flexible Conveyor Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Flexible Conveyor Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Flexible Conveyor Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Flexible Conveyor Market Size by Country
11.3.1 Middle East & Africa Flexible Conveyor Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Flexible Conveyor Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Flexible Conveyor Market Drivers
12.2 Flexible Conveyor Market Restraints
12.3 Flexible Conveyor Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Flexible Conveyor and Key Manufacturers
13.2 Manufacturing Costs Percentage of Flexible Conveyor
13.3 Flexible Conveyor Production Process
13.4 Flexible Conveyor Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Flexible Conveyor Typical Distributors
14.3 Flexible Conveyor Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer