Global Independent Carrier System Market Growth (Status and Outlook) 2026-2032

October 2026 | 90 pages | ID: G1C5B7036404EN
LP Information

Abstracts

The global Independent Carrier System market size is predicted to grow from US$ 697 million in 2025 to US$ 1021 million in 2032; it is expected to grow at a CAGR of 5.7% from 2026 to 2032.

An independent carrier system is a high-speed automated system primarily used for airport baggage handling, which enables full tracking, efficient handling and flexible routing of baggage by assigning a separate carrier (such as a pallet or container) to each piece of baggage and utilizing high-speed conveying and sorting technology.

United States market for Independent Carrier System is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

China market for Independent Carrier System is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Europe market for Independent Carrier System is estimated to increase from US$ million in 2025 to US$ million by 2032, at a CAGR of % from 2026 through 2032.

Global key Independent Carrier System players cover BEUMER, Vanderlande Industries, Swanson Rink, Siemens, Alstef Group, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2025.

Report Scope

LPI (LP Information)' newest research report, the “Independent Carrier System Industry Forecast” looks at past sales and reviews total world Independent Carrier System sales in 2025, providing a comprehensive analysis by region and market sector of projected Independent Carrier System sales for 2026 through 2032. With Independent Carrier System sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Independent Carrier System industry.

This Insight Report provides a comprehensive analysis of the global Independent Carrier System landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Independent Carrier System portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Independent Carrier System market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Independent Carrier System and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Independent Carrier System.

This report presents a comprehensive overview, market shares, and growth opportunities of Independent Carrier System market by product type, application, key players and key regions and countries.

Market Segmentation

Segmentation by Type:

• Monorail
• Multitrack

Segmentation by Application:

• Industrial
• Commerial

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

• BEUMER
• Vanderlande Industries
• Swanson Rink
• Siemens
• Alstef Group
• Daifukuatec
• Interroll

Contents

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Independent Carrier System Market Size (2021-2032)
  2.1.2 Independent Carrier System Market Size CAGR by Region (2021 VS 2025 VS 2032)
  2.1.3 World Current & Future Analysis for Independent Carrier System by Country/Region (2021, 2025 & 2032)
2.2 Independent Carrier System Segment by Type
  2.2.1 Monorail
  2.2.2 Multitrack
  2.2.3 Independent Carrier System Market Size by Type
    2.2.3.1 Independent Carrier System Market Size CAGR by Type (2021 VS 2025 VS 2032)
    2.2.3.2 Global Independent Carrier System Market Size Market Share by Type (2021-2026)
2.3 Independent Carrier System Segment by Application
  2.3.1 Industrial
  2.3.2 Commerial
  2.3.3 Independent Carrier System Market Size by Application
    2.3.3.1 Independent Carrier System Market Size CAGR by Application (2021 VS 2025 VS 2032)
    2.3.3.2 Global Independent Carrier System Market Size Market Share by Application (2021-2026)

3 INDEPENDENT CARRIER SYSTEM MARKET SIZE BY PLAYER

3.1 Independent Carrier System Market Size Market Share by Player
  3.1.1 Global Independent Carrier System Revenue by Player (2021-2026)
  3.1.2 Global Independent Carrier System Revenue Market Share by Player (2021-2026)
3.2 Global Independent Carrier System Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
  3.3.1 Competition Landscape Analysis
  3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 INDEPENDENT CARRIER SYSTEM BY REGION

4.1 Independent Carrier System Market Size by Region (2021-2026)
4.2 Global Independent Carrier System Annual Revenue by Country/Region (2021-2026)
4.3 Americas Independent Carrier System Market Size Growth (2021-2026)
4.4 APAC Independent Carrier System Market Size Growth (2021-2026)
4.5 Europe Independent Carrier System Market Size Growth (2021-2026)
4.6 Middle East & Africa Independent Carrier System Market Size Growth (2021-2026)

5 AMERICAS

5.1 Americas Independent Carrier System Market Size by Country (2021-2026)
5.2 Americas Independent Carrier System Market Size by Type (2021-2026)
5.3 Americas Independent Carrier System Market Size by Application (2021-2026)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Independent Carrier System Market Size by Region (2021-2026)
6.2 APAC Independent Carrier System Market Size by Type (2021-2026)
6.3 APAC Independent Carrier System Market Size by Application (2021-2026)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia

7 EUROPE

7.1 Europe Independent Carrier System Market Size by Country (2021-2026)
7.2 Europe Independent Carrier System Market Size by Type (2021-2026)
7.3 Europe Independent Carrier System Market Size by Application (2021-2026)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Independent Carrier System by Region (2021-2026)
8.2 Middle East & Africa Independent Carrier System Market Size by Type (2021-2026)
8.3 Middle East & Africa Independent Carrier System Market Size by Application (2021-2026)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 GLOBAL INDEPENDENT CARRIER SYSTEM MARKET FORECAST

10.1 Global Independent Carrier System Forecast by Region (2027-2032)
  10.1.1 Global Independent Carrier System Forecast by Region (2027-2032)
  10.1.2 Americas Independent Carrier System Forecast
  10.1.3 APAC Independent Carrier System Forecast
  10.1.4 Europe Independent Carrier System Forecast
  10.1.5 Middle East & Africa Independent Carrier System Forecast
10.2 Americas Independent Carrier System Forecast by Country (2027-2032)
  10.2.1 United States Market Independent Carrier System Forecast
  10.2.2 Canada Market Independent Carrier System Forecast
  10.2.3 Mexico Market Independent Carrier System Forecast
  10.2.4 Brazil Market Independent Carrier System Forecast
10.3 APAC Independent Carrier System Forecast by Region (2027-2032)
  10.3.1 China Independent Carrier System Market Forecast
  10.3.2 Japan Market Independent Carrier System Forecast
  10.3.3 Korea Market Independent Carrier System Forecast
  10.3.4 Southeast Asia Market Independent Carrier System Forecast
  10.3.5 India Market Independent Carrier System Forecast
  10.3.6 Australia Market Independent Carrier System Forecast
10.4 Europe Independent Carrier System Forecast by Country (2027-2032)
  10.4.1 Germany Market Independent Carrier System Forecast
  10.4.2 France Market Independent Carrier System Forecast
  10.4.3 UK Market Independent Carrier System Forecast
  10.4.4 Italy Market Independent Carrier System Forecast
  10.4.5 Russia Market Independent Carrier System Forecast
10.5 Middle East & Africa Independent Carrier System Forecast by Region (2027-2032)
  10.5.1 Egypt Market Independent Carrier System Forecast
  10.5.2 South Africa Market Independent Carrier System Forecast
  10.5.3 Israel Market Independent Carrier System Forecast
  10.5.4 Turkey Market Independent Carrier System Forecast
10.6 Global Independent Carrier System Forecast by Type (2027-2032)
10.7 Global Independent Carrier System Forecast by Application (2027-2032)
  10.7.1 GCC Countries Market Independent Carrier System Forecast

11 KEY PLAYERS ANALYSIS

11.1 BEUMER
  11.1.1 BEUMER Company Information
  11.1.2 BEUMER Independent Carrier System Product Offered
  11.1.3 BEUMER Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.1.4 BEUMER Main Business Overview
  11.1.5 BEUMER Latest Developments
11.2 Vanderlande Industries
  11.2.1 Vanderlande Industries Company Information
  11.2.2 Vanderlande Industries Independent Carrier System Product Offered
  11.2.3 Vanderlande Industries Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.2.4 Vanderlande Industries Main Business Overview
  11.2.5 Vanderlande Industries Latest Developments
11.3 Swanson Rink
  11.3.1 Swanson Rink Company Information
  11.3.2 Swanson Rink Independent Carrier System Product Offered
  11.3.3 Swanson Rink Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.3.4 Swanson Rink Main Business Overview
  11.3.5 Swanson Rink Latest Developments
11.4 Siemens
  11.4.1 Siemens Company Information
  11.4.2 Siemens Independent Carrier System Product Offered
  11.4.3 Siemens Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.4.4 Siemens Main Business Overview
  11.4.5 Siemens Latest Developments
11.5 Alstef Group
  11.5.1 Alstef Group Company Information
  11.5.2 Alstef Group Independent Carrier System Product Offered
  11.5.3 Alstef Group Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.5.4 Alstef Group Main Business Overview
  11.5.5 Alstef Group Latest Developments
11.6 Daifukuatec
  11.6.1 Daifukuatec Company Information
  11.6.2 Daifukuatec Independent Carrier System Product Offered
  11.6.3 Daifukuatec Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.6.4 Daifukuatec Main Business Overview
  11.6.5 Daifukuatec Latest Developments
11.7 Interroll
  11.7.1 Interroll Company Information
  11.7.2 Interroll Independent Carrier System Product Offered
  11.7.3 Interroll Independent Carrier System Revenue, Gross Margin and Market Share (2021-2026)
  11.7.4 Interroll Main Business Overview
  11.7.5 Interroll Latest Developments

12 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES

Table 1. Independent Carrier System Market Size CAGR by Region (2021 VS 2025 VS 2032) & ($ millions)
Table 2. Independent Carrier System Annual Sales CAGR by Country/Region (2021, 2025 & 2032) & ($ millions)
Table 3. Major Players of Monorail
Table 4. Major Players of Multitrack
Table 5. Independent Carrier System Market Size CAGR by Type (2021 VS 2025 VS 2032) & ($ millions)
Table 6. Global Independent Carrier System Market Size by Type (2021-2026) & ($ millions)
Table 7. Global Independent Carrier System Market Size Market Share by Type (2021-2026)
Table 8. Independent Carrier System Market Size CAGR by Application (2021 VS 2025 VS 2032) & ($ millions)
Table 9. Global Independent Carrier System Market Size by Application (2021-2026) & ($ millions)
Table 10. Global Independent Carrier System Market Size Market Share by Application (2021-2026)
Table 11. Global Independent Carrier System Revenue by Player (2021-2026) & ($ millions)
Table 12. Global Independent Carrier System Revenue Market Share by Player (2021-2026)
Table 13. Independent Carrier System Key Players Head office and Products Offered
Table 14. Independent Carrier System Concentration Ratio (CR3, CR5 and CR10) & (2024-2026)
Table 15. New Products and Potential Entrants
Table 16. Mergers & Acquisitions, Expansion
Table 17. Global Independent Carrier System Market Size by Region (2021-2026) & ($ millions)
Table 18. Global Independent Carrier System Market Size Market Share by Region (2021-2026)
Table 19. Global Independent Carrier System Revenue by Country/Region (2021-2026) & ($ millions)
Table 20. Global Independent Carrier System Revenue Market Share by Country/Region (2021-2026)
Table 21. Americas Independent Carrier System Market Size by Country (2021-2026) & ($ millions)
Table 22. Americas Independent Carrier System Market Size Market Share by Country (2021-2026)
Table 23. Americas Independent Carrier System Market Size by Type (2021-2026) & ($ millions)
Table 24. Americas Independent Carrier System Market Size Market Share by Type (2021-2026)
Table 25. Americas Independent Carrier System Market Size by Application (2021-2026) & ($ millions)
Table 26. Americas Independent Carrier System Market Size Market Share by Application (2021-2026)
Table 27. APAC Independent Carrier System Market Size by Region (2021-2026) & ($ millions)
Table 28. APAC Independent Carrier System Market Size Market Share by Region (2021-2026)
Table 29. APAC Independent Carrier System Market Size by Type (2021-2026) & ($ millions)
Table 30. APAC Independent Carrier System Market Size by Application (2021-2026) & ($ millions)
Table 31. Europe Independent Carrier System Market Size by Country (2021-2026) & ($ millions)
Table 32. Europe Independent Carrier System Market Size Market Share by Country (2021-2026)
Table 33. Europe Independent Carrier System Market Size by Type (2021-2026) & ($ millions)
Table 34. Europe Independent Carrier System Market Size by Application (2021-2026) & ($ millions)
Table 35. Middle East & Africa Independent Carrier System Market Size by Region (2021-2026) & ($ millions)
Table 36. Middle East & Africa Independent Carrier System Market Size by Type (2021-2026) & ($ millions)
Table 37. Middle East & Africa Independent Carrier System Market Size by Application (2021-2026) & ($ millions)
Table 38. Key Market Drivers & Growth Opportunities of Independent Carrier System
Table 39. Key Market Challenges & Risks of Independent Carrier System
Table 40. Key Industry Trends of Independent Carrier System
Table 41. Global Independent Carrier System Market Size Forecast by Region (2027-2032) & ($ millions)
Table 42. Global Independent Carrier System Market Size Market Share Forecast by Region (2027-2032)
Table 43. Global Independent Carrier System Market Size Forecast by Type (2027-2032) & ($ millions)
Table 44. Global Independent Carrier System Market Size Forecast by Application (2027-2032) & ($ millions)
Table 45. BEUMER Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 46. BEUMER Independent Carrier System Product Offered
Table 47. BEUMER Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 48. BEUMER Main Business
Table 49. BEUMER Latest Developments
Table 50. Vanderlande Industries Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 51. Vanderlande Industries Independent Carrier System Product Offered
Table 52. Vanderlande Industries Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 53. Vanderlande Industries Main Business
Table 54. Vanderlande Industries Latest Developments
Table 55. Swanson Rink Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 56. Swanson Rink Independent Carrier System Product Offered
Table 57. Swanson Rink Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 58. Swanson Rink Main Business
Table 59. Swanson Rink Latest Developments
Table 60. Siemens Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 61. Siemens Independent Carrier System Product Offered
Table 62. Siemens Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 63. Siemens Main Business
Table 64. Siemens Latest Developments
Table 65. Alstef Group Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 66. Alstef Group Independent Carrier System Product Offered
Table 67. Alstef Group Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 68. Alstef Group Main Business
Table 69. Alstef Group Latest Developments
Table 70. Daifukuatec Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 71. Daifukuatec Independent Carrier System Product Offered
Table 72. Daifukuatec Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 73. Daifukuatec Main Business
Table 74. Daifukuatec Latest Developments
Table 75. Interroll Details, Company Type, Independent Carrier System Area Served and Its Competitors
Table 76. Interroll Independent Carrier System Product Offered
Table 77. Interroll Independent Carrier System Revenue ($ million), Gross Margin and Market Share (2021-2026)
Table 78. Interroll Main Business
Table 79. Interroll Latest Developments

List Of Figures

LIST OF FIGURES

Figure 1. Independent Carrier System Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Independent Carrier System Market Size Growth Rate (2021-2032) ($ millions)
Figure 6. Independent Carrier System Sales by Geographic Region (2021, 2025 & 2032) & ($ millions)
Figure 7. Independent Carrier System Sales Market Share by Country/Region (2025)
Figure 8. Independent Carrier System Sales Market Share by Country/Region (2021, 2025 & 2032)
Figure 9. Global Independent Carrier System Market Size Market Share by Type in 2025
Figure 10. Independent Carrier System in Industrial
Figure 11. Global Independent Carrier System Market: Industrial (2021-2026) & ($ millions)
Figure 12. Independent Carrier System in Commerial
Figure 13. Global Independent Carrier System Market: Commerial (2021-2026) & ($ millions)
Figure 14. Global Independent Carrier System Market Size Market Share by Application in 2025
Figure 15. Global Independent Carrier System Revenue Market Share by Player in 2025
Figure 16. Global Independent Carrier System Market Size Market Share by Region (2021-2026)
Figure 17. Americas Independent Carrier System Market Size 2021-2026 ($ millions)
Figure 18. APAC Independent Carrier System Market Size 2021-2026 ($ millions)
Figure 19. Europe Independent Carrier System Market Size 2021-2026 ($ millions)
Figure 20. Middle East & Africa Independent Carrier System Market Size 2021-2026 ($ millions)
Figure 21. Americas Independent Carrier System Value Market Share by Country in 2025
Figure 22. United States Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 23. Canada Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 24. Mexico Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 25. Brazil Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 26. APAC Independent Carrier System Market Size Market Share by Region in 2025
Figure 27. APAC Independent Carrier System Market Size Market Share by Type (2021-2026)
Figure 28. APAC Independent Carrier System Market Size Market Share by Application (2021-2026)
Figure 29. China Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 30. Japan Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 31. South Korea Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 32. Southeast Asia Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 33. India Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 34. Australia Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 35. Europe Independent Carrier System Market Size Market Share by Country in 2025
Figure 36. Europe Independent Carrier System Market Size Market Share by Type (2021-2026)
Figure 37. Europe Independent Carrier System Market Size Market Share by Application (2021-2026)
Figure 38. Germany Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 39. France Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 40. UK Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 41. Italy Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 42. Russia Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 43. Middle East & Africa Independent Carrier System Market Size Market Share by Region (2021-2026)
Figure 44. Middle East & Africa Independent Carrier System Market Size Market Share by Type (2021-2026)
Figure 45. Middle East & Africa Independent Carrier System Market Size Market Share by Application (2021-2026)
Figure 46. Egypt Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 47. South Africa Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 48. Israel Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 49. Turkey Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 50. GCC Countries Independent Carrier System Market Size Growth 2021-2026 ($ millions)
Figure 51. Americas Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 52. APAC Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 53. Europe Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 54. Middle East & Africa Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 55. United States Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 56. Canada Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 57. Mexico Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 58. Brazil Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 59. China Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 60. Japan Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 61. Korea Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 62. Southeast Asia Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 63. India Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 64. Australia Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 65. Germany Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 66. France Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 67. UK Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 68. Italy Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 69. Russia Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 70. Egypt Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 71. South Africa Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 72. Israel Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 73. Turkey Independent Carrier System Market Size 2027-2032 ($ millions)
Figure 74. Global Independent Carrier System Market Size Market Share Forecast by Type (2027-2032)
Figure 75. Global Independent Carrier System Market Size Market Share Forecast by Application (2027-2032)
Figure 76. GCC Countries Independent Carrier System Market Size 2027-2032 ($ millions)