Conveyor System Market Will Continue to Grow by 2030
Verfasser: ashwani_kailiya on Thursday, 15 October 2020The global conveyor system market is anticipated to cross a valuation of US$ 12.9 billion between the period from 2020 to 2030. The coronavirus pandemic is having a negative impact on the industry, largely because of suspended activities in multiple industrial verticals. However, demand for conveyor systems in essential services such as food and medicine will partially mitigate the losses. Further, manufacturers are pushing to distribute automated conveyor system options to minimize transmission of the covid-19 among workers, which will help in a faster recovery of the market after the lockdown restrictions are lifted.
"The rising applications in the e-commerce sector is likely to impact the conveyor systems market positively. As businesses in multiple verticals invest in sortation facilities, expansion of operational capacities will contribute to rising demand, for the foreseeable future" says the FACT.MR study.
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Conveyor System Market- Key Takeaways