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Conveyor Systems Market in the US to Record Growth Worth $ 1.15 bn with Conveyor Eng. & Mfg. and Conveyor Systems & Engineering Inc. | Technavio

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Sep 07, 2021, 07:30 ET

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NEW YORK, Sept. 7, 2021 /PRNewswire/ -- The global conveyor systems market in the US is expected to grow by $ 1.15 bn during 2021-2025, as per Technavio. This marks a significant market slowdown compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2021. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 5.53%. 

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Latest market research report titled Conveyor Systems Market in US by End-user and Type - Forecast and Analysis 2021-2025 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years
Latest market research report titled Conveyor Systems Market in US by End-user and Type - Forecast and Analysis 2021-2025 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years

Read the 127-page report with TOC on "Conveyor Systems Market in US Analysis Report by End-user (Automotive, Food and Beverage, Chemical, and Others) and Type (Unit Handling and Bulk Handling), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. 

https://www.technavio.com/report/report/conveyor-systems-market-in-US-industry-analysis

The conveyor systems market in the US  is driven by the emergence of power-efficient conveyors with auxiliary power generation capability. In addition, the increasing need for cost-reduction and the increase in efforts to improve cold chains is anticipated to boost the growth of the Conveyor Systems Market in the US.

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Major Conveyor Systems in US Companies:

  • Conveyor Eng. & Mfg.
  • Conveyor Systems & Engineering Inc.
  • Daifuku Co. Ltd.
  • Eriez Manufacturing Co. Inc.
  • FIVES Group
  • Hytrol Conveyor Co.
  • Jorgensen Conveyors Inc.
  • SSI SCHAEFER Group
  • Superior Industries Inc.
  • Swisslog Holding AG

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Conveyor Systems Market In US End-user Outlook (Revenue, USD bn, 2020-2025)

  • Automotive - size and forecast 2020-2025
  • Food and Beverage - size and forecast 2020-2025
  • Chemical - size, and forecast 2020-2025
  • Others - size and forecast 2020-2025

Conveyor Systems Market In US Type Outlook (Revenue, USD bn, 2020-2025)

  • Unit Handling - size and forecast 2020-2025
  • Bulk Handling - size and forecast 2020-2025

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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