Conveyor System Market – To Make Great Impact In Near Future by 2025

The increasing automation in industries is the main factor that has been driving the growth of the global market for conveyor systems. The rising demand for quick production turnover and efficient handling of larger product volume in a number of manufacturing industries across the world has fueled the need for industrial automation, which has been reflecting greatly on the uptake of conveyor systems, worldwide.  Transparency Market Research (TMR) estimates that the overall value of this market in 2016 was US$4.69 bn.

The demand for belt conveyor systems is relatively greater among all the types of conveyor systems. Researchers predict the trend to continue over the forthcoming years. The food processing, retail, airport, automotive, and the healthcare sectors have emerged as the key application areas of conveyor systems. Among these, he food processing segment has been reporting the most prominent demand for conveyor systems and is expected to remain dong so over the next few years.

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geographically, the global market for conveyor systems is divided into Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. Europe led the global market in 2016. This regional market is expected to remain on the top spot, rising at a CAGR of 2.70% between 2017 and 2025. Asia Pacific, however, is projected to offer the most promising growth opportunities in the years to come.

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