According to the report, the conveyor belt market is expected to witness an impressive CAGR of 5.18%. This growth is attributed to the surging demand for automation in material handling, especially for bulky materials with varying textures and sizes. Moreover, the rising preference for steel cord conveyor belts represents a significant trend in the conveyor belt market, offering added impetus to industry development.
While opportunities abound, challenges persist. Storage and handling hurdles pose as key obstacles to the conveyor belt market’s growth. However, with commitment to innovation and excellence, these challenges can be met head-on.
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