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Growing demand for cost-effective material handling systems and increasing automation in the industrial sector are two of the major driving factors of global conveyor systems market. It is expected that, global conveyor systems market will witness a steady CAGR of around 3%-4% for the period of 2014-2020.

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global conveyor system market was worth US$4697.1 mn in 2016 and is expected to reach US$6312.5 mn by 2025, surging at a CAGR of 3.5% between the forecast period of 2017 and 2025; Conveyor System market is driven by Utilization of advanced technique of production and automated equipment

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