Logistics Segment to Dominate MEA Conveyor System Market during 2019–2027

According to a new market research study on “MEA Conveyor system Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by System Type, Belt Type and Industry” is expected to reach US$ 634.55 million by 2027 from US$ 486.88 million in 2019. The market is estimated to grow at a CAGR of 3.5% from 2020 to 2027. The report provides trends prevailing in the MEA conveyor system market along with the drivers and restraints pertaining to the market growth. Industrial 4.0 is useful for manufacturing industry is the major factor driving the growth of the MEA conveyor system market. However, mining activities creating environmental problems hinders the growth of MEA conveyor system market.

The MEA conveyor system market is segmented into system type, belt type, industry, and country. Based on system type, the MEA conveyor system market is segmented into the overhead, floor, roller, belt, and others. Belt segment held the largest market share of MEA conveyor system market in 2019. Based on belt type, the MEA conveyor system market is segmented into the light, medium, and heavy. Medium segment led the MEA conveyor system market in 2019. Based on industry, the MEA conveyor system market is segmented into food & beverage, automotive, airports, logistics, metals & mining, and others. Others segment held a substantial share of MEA conveyor system market during the forecast period.

Also the ongoing COVID-19 pandemic is affecting the MEA region very badly. Among the MEA countries, South Africa has faced the highest COVID-19 cases. Other significant countries facing the economic impact of COVID-19 include Iran, Turkey, Saudi Arabia, Israel, Morocco, UAE, Qatar, Kuwait, Oman, and Egypt. The region comprises many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for conveyor system providers, owing to the huge presence of diverse customer base for the food & beverage and retail and e-commerce sectors.  The COVID-19 pandemic would have significant effects on economies, but the region has negatively impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the development of the conveyor system market in 2020 and 2021. 

DEMATIC, Emerson Electric Co.; Interroll Holding, GmbH; Siemens AG; SSI Schäfer; Swisslog; are among the leading companies in the MEA conveyor system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Interroll is now providing a new stacker crane for dynamic storage and a transfer car with a modular pallet conveyor platform (MPP). The new products allow users to implement extremely compact, robust, and efficient pallet handling automation solutions.

The report segments the MEA Conveyor System Market follows:   

MEA Conveyor System Market – By System Type

• Overhead
• Floor
• Roller
• Belt
• Others

MEA Conveyor System Market – By Belt Size

• Light
• Medium
• Heavy

MEA Conveyor System Market – By Industry

• Food & Beverage
•  Automotive
• Airports
• Logistics
• Metals and Mining
• Others

MEA Conveyor System Market – By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA