Conveyor System Market Segmentation:
Industry
The automotive segment is expected to hold a significant share over the forecast period on the back of growing production of vehicles, and the rising popularity of electric vehicles. Furthermore, the automotive plants opt for overhead conveyers owing to its capacity of carrying high load, along with the improvement in the production rate of the plant. Therefore, it is anticipated to rise the segment’s growth in the market. According to estimates, the number of electric vehicles that include electric vans, buses, cars, and heavy trucks on the road is expected to reach more than 145 million by the end of the year 2030. Furthermore, the final vehicles that are produced are difficult to carry from the production area to the transport area, and it is expected to boost the growth of the segment in the market over the forecast period.
Type
The belt segment is expected to garner a significant share by the year 2035. The growth of the segment can be attributed to the development of airports in different countries that require easy to install and little maintenance belts for baggage collection, and screening. Moreover, they are easy to handle, and can be customized according to the customer’s need, that is anticipated to boost the growth of the segment in the market. Furthermore, it allows to move objects that are bulky from one place to another such as metals in the mining industry with ease, and also saves time on transportation.
Our in-depth analysis of the global market includes the following segments:
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