Conveyor Market By Global Industry Size, Share, Trends, Opportunity and Forecast 2027 - TechSci Research
Global conveyor market is expected to grow at a substantial CAGR during the forecast period. The global conveyor market is driven by upsurge in the demand from numerous end user industries such as automotive sector, airport, warehouses, among others. Moreover, growing requirement to handle larger volumes of goods is positively impacting the growth of market during the forecast period. Furthermore, rapidly expanding industrialisation coupled with surging requirement for automation so that manufacturing costs can be reduced is further expected to bolster the growth of market over the next few years. With the sudden outbreak of pandemic COVID-19 disease, the world is affected, majority of the businesses are shut down and operations across different industries are also compromised. The global conveyor market is massively hit by the pandemic, as the demand is decreased due to lockdown across major countries in the world. The global conveyor market is segmented based on type, end use ,...