Conveyor System Market Size worth USD 12.7 billion by 2027, at a CAGR of 6.0%
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...
Increasing Demand from Industrial Automation to Drive the Global Conveyor System Market
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 customized automation processes in various end-use industries like airport, mining, retail & distribution, food & beverages, automotive etc., and rising demand for handling larger volumes of goods safely are the primary...