Growth driven by industrialization in emerging markets, rise of e-commerce in Europe.
The global conveyor systems market will reach $7.6 billion by 2022, driven by fast growth in emerging markets and the rise of e-commerce retail in Europe, a new report says.
Europe’s large installations for handling online fulfillment will be complemented by fast growth in the Asia-Pacific region in response to booming demand from consumers in China and India, according to the report from Allied Market Research, a research firm based in Portland, Ore.
The forecast would mark a steep rise from the sector’s 2015 sales of $5.7 billion, based on carrying heavy and bulk materials in the retail, food and beverage, and automotive industries.
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