Food & Beverage Segment to Dominate SAM Conveyor System Market during 2019–2027

According to a new market research study on “SAM 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$ 895.93 million by 2027 from US$ 655.11 million in 2019. The market is estimated to grow at a CAGR of 4.1% from 2020 to 2027. The report provides trends prevailing in the SAM conveyor system market along with the drivers and restraints pertaining to the market growth. Expansion of E-commerce industry is catalyzing the conveyor systems demand and this is the major factor driving the growth of the SAM conveyor system market. However, rising mining activities is causing bad Impact on Environment and this hinders the growth of SAM conveyor system market.

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

Also SAM is severely affected by the COVID-19 pandemic. In SAM, Brazil has the highest number of COVID-19 confirmed cases, followed by other countries, such as Ecuador, Peru, Chile, and Argentina. Governments in SAM are taking several initiatives to protect people and control COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region would face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners. The sharp decline in the sales of the logistics industry and halt in vehicle production in the region due to lockdown measures is expected to directly impact the growth of the conveyor system market in this region. Conversely, the online retail sector is ruling the market amid pandemic since consumers are more inclined toward online shopping and expect fast delivery in case of a product exchange, which demands conveyor systems. Further, the sharp decline in other business activities, such as automotive and metal & mining, is expected to directly affect the growth rate of the conveyor system market in this region for the next three to four quarters.

DEMATIC; Emerson Electric Co.; Honeywell Intelligrated; Interroll Holding, GmbH; Siemens AG; SSI Schäfer are among the leading companies in the SAM 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 SAM Conveyor System Market follows:    

SAM Conveyor System Market – By System Type

• Overhead
• Floor
• Roller
• Belt
• Others

SAM Conveyor System Market – By Belt Size

• Light
• Medium
• Heavy

SAM Conveyor System Market – By Industry

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

SAM Conveyor System Market – By Country

• Brazil
• Argentina
• Rest of SAM