CHICAGO, June 6, 2022 /PRNewswire/ — According to the new market research report “Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) Component, Operation & Region”, published by MarketsandMarkets™, the global Conveyor System Market size is projected to reach USD 12.7 billion by 2027, from an estimated value of USD 9.4 billion in 2022, at a CAGR of 6.0%.
Higher adoption of automation processes in various end-use industries and rising demand for handling larger volumes of goods are the driving factors that are expected to boost the Conveyor System Market. The constant R&D efforts by conveyor system manufacturers to modernize the industry will offer favorable opportunities for manufacturers and propel the demand for automated conveyor systems in the forecast period.
Browse in-depth TOC on “Conveyor System Market”
341 – Tables
54 – Figures
322 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=31314058
Retail & Distribution industry in Asia Pacific is estimated to drive the market from 2022 to 2027.
Asia Pacific is expected to account for a significant share of the global Conveyor System Market due to the increased demand for conveyors in the retail & distribution industry. Companies such as Alibaba.com and Amazon.com, Inc. are creating a high demand for conveyor systems in Asia Pacific. The…
