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Chain Conveyors Market Trends

Report ID: GMI11526
Published Date: Sep 2024
Report Format: PDF

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Chain Conveyors Market Trends

The landscape of traditional supply chains is undergoing a significant transformation, driven by the rise of e-commerce and the advent of Industry 4.0. Companies are revamping their approaches to material movement, tracking, and storage by leveraging advanced technologies and automation to remain competitive in the digital age. This shift has led to the establishment of fulfillment centers and the optimization of warehouse space by manufacturers, wholesalers, retailers, and logistics firms. The continued growth of the e-commerce industry further accelerates the expansion of material handling processes within distribution centers and warehouses, as reported by the U.S. Department of Commerce.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of chain conveyors was worth over USD 566.4 million in 2023 and is estimated to grow at 4.3% CAGR during 2024 to 2032, owing to the efficient movement of goods and materials.

The automatic segment in the chain conveyors market generated around 375.3 million in 2023 and is anticipated to grow at 4.5% CAGR during 2024 to 2032, driven by the investments in automation across various industries.

North America chain conveyors market held 31.8% share in 2023 and is expected to grow at 4% CAGR during 2024 to 2032, backed by the rapid growth of e-commerce.

BEUMER Group, Daifuku Co., Ltd., Dematic, Fives, FlexLink, Honeywell International Inc, Hytrol Conveyor Company, Inc., Interroll Group, Kardex, and Regal Rexnord Corporation among others.