The growth of the conveyor system market is majorly dependent on their use or application in end-use industry. Regions with large e-commerce activities would have more demand for retail & distribution conveyor systems such as in North America. Demand for automotive conveyor systems would be more in Asia Pacific region because of increasing production of vehicles in China and India. Similarly, demand for mining conveyors would be more in Europe & Rest of the World regions. Russia, Brazil , Chile, and Peru are expected to drive the demand for conveyor system associated with the growing mining investments in these countries.
Read More