Conveyor And Conveying Equipment Market Insights Video
According to Cognitive Market Research, the global Conveyor and conveying equipment market size is USD 51258.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 20503.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 15373.46 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11789.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 2562.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1025.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The Belt held the highest Conveyor and conveying equipment market revenue share in 2024.
