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The Conveyor System Global Market Report 2023, provides comprehensive information on the conveyor system market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/conveyor-system-global-market-report

The global conveyor system market size is expected to grow from .73 billion in 2022 to .26 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global conveyor systems is expected to grow to .51 billion in 2027 at a CAGR of 5.6%.

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Technological advancement is the key trend gaining popularity in the conveyor system market. Major companies operating in the market are introducing new technologies such as the Internet of Things (IoT), radio-frequency identification (RFIDs), 2D radar technology, ultrasonic technology, and artificial intelligence (AI) to sustain their position in the market. For instance, in February 2022, Continental AG, a Germany-based company operating in conveyor systems introduced Conti Load Sense, a new 2D radar-based conveyor monitoring system. The unique features of this conveyor system include 2D radar-based monitoring that scans the material and conveyor belt from various angles to determine the position of the load and the belt and also utilizes ultrasonic technologies. This determines the precise amount of products being transported.

The conveyor system market is segmented:

1) By Product Type: Belt Conveyor, Roller Conveyor, Pallet Conveyor, Overhead Conveyor, Tri-Planar Conveyor, Crescent Conveyor, Skid Conveyor, Trailer Conveyor, Other Product Types

2) By Component: Aluminum Profile, Driving Unit, Extremity Unit

3) By Operation: Manual, Semi-Automatic, Automatic

4) By End-User Industry: Retail, Food And Beverages, Poultry And Dairy, Automotive, Airport, Other End User Industries

Asia-Pacific was the largest region in the conveyor system market in 2022.

The table of contents in TBRC’s conveyor system market report includes:

1. Executive Summary

2. Conveyor System Market Characteristics

3. Conveyor System Market Trends And Strategies

4. Conveyor System Market - Macro Economic Scenario

5. Conveyor System Market Size And Growth

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26. Africa Conveyor System Market

27. Conveyor System Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Conveyor System Market

29. Conveyor System Market Future Outlook and Potential Analysis

30. Appendix

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