The market can be segmented on the basis of component and end-user industry. On the basis of component, it is sub-segmented into solutions and services. On the basis of end-user industry, it is sub-segmented into food and beverage, automotive, retail, life sciences and material handling. The retail is expected to lead the end-user segment during the forecast period. The growing demand for the material by various e-commerce industries is expected to boost the growth of sub-segment during the forecast period.
The market is expected to expand at a CAGR around 8% during the forecast period. The market is expected to attain a considerable market size during the forecast period. The growing industrialization across the various developing countries coupled with increasing demand for enhancing the flow of materials in various end-user industries is expected to boost the growth of market during the forecast period. Additionally, the growing demand for the ecofriendly and safe conveyor systems is also a reason for the growth of the market.
On the basis of regional analysis, global intelligent conveyor system is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to be largest region during the forecast period. The presence of enhanced industrial sector in the region is expected to boost the growth of market during the forecast period. Additionally, the growing industrial automation in the region is also a reason for the growth of market. Asia-Pacific region is predicted to witness substantial growth during the forecast period. The increasing expansion of the various end user industries in the region is expected boost the growth of overall market during the forecast period.
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Increasing demand from various end-user industries
The growing demand for the intelligent conveyor belt system from various end-user industries on the account of increasing demand for material handling. Additionally, increasing adoption of the automation in the conveyor belt system and rising innovations in the field of conveyor belt system is also driving the market growth of the intelligent conveyor belt system market.
The report titled “Intelligent Conveyor System Market: Global Demand Analysis & Opportunity Outlook 2027” delivers the detailed overview of the global intelligent conveyor system market in terms of market segmentation by component, by end-user industry and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the global intelligent conveyor system market which includes company profiling of key companies such as Daifuku Co., Ltd., Schneider Electric, Schafer Holding International GmbH, Dorner Mfg. Corp., Murata Machinery, Ltd., Dematic, Mecalux, S.A., Vanderlande Industries B.V., Intelligrated, Beumer Group GmbH, Swisslog AG and Fives Group. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global intelligent conveyor system market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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