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Conveyor System Market Trends

Report ID: GMI8000
Published Date: Jun 2024
Report Format: PDF

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Conveyor System Market Trends

The growing demand for modular conveyor systems, offering flexibility and scalability, meets the evolving needs of diverse industries. Additionally, a heightened focus on sustainability in material handling practices propels the adoption of eco-friendly conveyor solutions. Companies increasingly prioritize energy-efficient designs and use recycled materials, aligning with environmental goals. These trends collectively drive innovation and growth in the conveyor system industry, fostering efficient and environmentally responsible material handling solutions.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of conveyor system was reached USD 11.75 million in 2023 and will register 5% CAGR from 2024 to 2032, propelled by the shift towards automation in industries.

The belt segment in the conveyor system market will record USD 10.80 billion and exhibit 5.8% CAGR through 2032, owing to its extensive application across various industries, such as manufacturing, food processing, and mining.

North America conveyor system market size will register 5.1% CAGR during 2024 to 2032, attributed to robust industrial infrastructure and technological advancements.

Beumer Group, Dematic (KION Group), FlexLink AB (Coesia Group), Daifuku Co., Ltd., Fives Group, Honeywell Intelligrated, Interroll Holding AG, Hytrol Conveyor Company, Inc., Siemens AG, Intralox, L.L.C. (part of Laitram, L.L.C.), Rexnord Corporation, and Shuttleworth among others.