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ResearchAndMarkets.com s offering.
According to this report the global conveyor system market was valued at US$ 7,940.38 million in 2019 and is projected to reach US$ 11,903.88 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.
Rising digitization across the world has resulted in increased efficiency of existing machines together with increased safety, and is anticipated to surge the demand for advanced conveyor systems. Manufacturers have implemented automation and analytics to enhance their products & services and to enrich customers experience. The concept of digital equipment has transformed manufacturers from suppliers with hardware only to suppliers with hardware, software, and services, which has led to the introduction of new business models. Conveyor systems manufacturers use new models to build a loyal customer base and generate a steady stream of revenues. The supply chain industry across the world h
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New York, Jan. 12, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report South America Conveyor System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by System Type, Belt Type, and Industry - https://www.reportlinker.com/p06004229/?utm source=GNW
Several businesses are constantly striving to enhance logistics and assembly operations.
For instance, MiniTec Company supports various industries with its advanced products and convincing customer services.MiniTec has developed and established as an international technology company focusing on advanced conveyor technology, automation, workplace systems, and assembly technology.
Digitization has created several opportunities across different processes in the value chain of the conveyor system, from designing the product to manufacturing, selling, and aftersales services. Also, expansion of e-commerce industry is catalyzing the conveyor systems demand, which is expected to positively infl