Rapid rise in e-commerce sector coupled with the usage of conveyor systems for material handling applications in APAC region & the market will be growing at 8.9% CAGR during 2018-2024

(I-TravelNewswire.Com, February 06, 2018 ) The report "Asia-Pacific Conveyor market”: By Type (Belt, Roller, Pallet, Overhead, Floor, Crescent & some other); By Belt Type (Lightweight, Middleweight, Heavyweight & Others); & By Geography - Forecast (2018-2024).

The conveyor belt is a kind of carrying medium, which is used to transfer bulk materials from one location to another. Its basic principle mode of working is pulleys, sometimes referred as drums that rotate in a loop.

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China and Japan are prominent for automation and e-commerce in the market mainly driven by B2B e-commerce. Chinese B2B e-commerce market is expected to be the second largest market. The automotive industry in APAC is expected to continue its trend due to macroeconomic factors and support from the government is the driving factor. APAC accounted for almost 60% of overall automotive production in the world.

Key players in the market include:

• Conitech (continental AG)

• Bridgestone

• Fernnel

• Yokohama

• Habasit

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