Conveyor Systems Market in Europe 2019-2023
About this market
Owing to the increasing plans of various market vendors in modernizing their warehousing facilities, they have been investing the automation of warehouses. Such a rising demand for automated warehouse equipment will lead the conveyor systems market in Europe to register a CAGR close to 5% by 2023.
Warehouse space expansion in Europe
Owing to the rapid expansion of warehouses from the growing opportunities from the automation and pharmaceutical industries across the western and eastern Europe, the need for several material handling equipment such as conveyor systems has increased considerably in the recent years.
Volatility in raw material prices
Fluctuations in the prices of raw materials used for the manufacturing of conveyor belts is one of the key factors hampering the growth of the market. Such volatility of prices will impact the profit margins of the conveyor system manufacturers, in turn, hindering the market’s growth.
For the detailed list of factors that will drive and challenge the growth of the conveyor systems market in Europe during the 2019-2023, view our report.
With the presence of a considerable number of companies, this market appears to be fragmented. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies. Daifuku, Interroll Group, KION GROUP, and SSI SCHAEFER are some of the major companies covered in this report.
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