According to a research report by Stratview Research, Conveying equipment market is likely to grow from USD 43.79 billion in 2021 to USD 54.75 billion by 2028 at a steady CAGR of 3.14% during the forecast period of 2022-2028. The prime factor that is contributing to the demand for conveying equipment is the growing adoption of automation in various industries across the globe.
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