Middle East and Africa Conveyor System Market

Market Introduction

The MEA is projected to witness a rapid rise in industrialization, leading to urbanization, which would further drive this region's overall economy. The Gulf countries are economically advanced, while the African countries are yet to level up to their economic conditions. Amid continuous technological developments, various industries, including logistics, retail, and e-commerce, are witnessing high growth. The increasing adoption of advanced technologies in these industries is propelling the conveyor system market growth in the MEA. In a region, Saudi Arabia and the UAE are the most attractive destinations for logistics investments with the advantage of easily accessible markets to operate. In the GCC, Oman, Qatar, Bahrain, and Kuwait, along with Jordan and Morocco, are other countries that can attract lump sum investments. Increasing infrastructure development activities in the MEA, is increasing the penetration of automation for having greater efficiency at construction sites. The installation of heavy-duty conveyor belts at different construction sites in the Middle East countries is amongst the factors for the growing adoption of conveyor system.

Furthermore, The MEA is severely affected by the COVID-19 pandemic. Among the MEA countries, South Africa has recorded the highest COVID-19 cases. Other significant countries facing the economic impact of COVID-19 include Iran, Turkey, Saudi Arabia, Israel, Morocco, the UAE, Qatar, Kuwait, Oman, and Egypt. The region comprises many growing economies, such as the UAE and Saudi Arabia, which are prospective markets for conveyor system providers, owing to the huge presence of diverse customer base for the food & beverages and retail and e-commerce sectors. The market in the region is already facing a decline as there is 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 are expected to negatively impact the development of the conveyor system market in 2020 and 2021.

Market Overview and Dynamics

The conveyor system market in the MEA is expected to grow from US$ 486.88 million in 2019 to US$ 634.55 million by 2027; it is estimated to grow at a CAGR of 3.5% from 2020 to 2027.  The growth of the MEA conveyor system market has been driven by the rise in vehicle production in the past few years. Demand for commercial vehicles and passenger cars is growing, especially in developing nations. The demand for the conveyor system was fueled by the increasing investment in the automotive industry. In vehicle manufacturing plants, it is necessary to have a high level of control and high quality in all operations carried out in the sector; hence the conveyor systems in their vehicle manufacturing plants are heavily implemented by the automotive industry. The conveyor systems allow the manufacturing plants of vehicles to retain power and have free space for new operations. As the conveyor system mitigates labor, it decreases the expenditure of the company in the training of employees.  As a result, the increasing production of vehicles and the increasing adoption of conveyor systems in the automotive industry are boosting the growth of the MEA market.

Key Market Segments

In terms of system type, the belt segment accounted for the largest share of the MEA conveyor system market in 2019. In terms of belt type, the medium segment held a larger market share of the MEA conveyor system market in 2019. Further, the others segment held a substantial share of the MEA conveyor system market based on end user industry in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the conveyor system market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DEMATIC, Emerson Electric Co.; Interroll Holding, GmbH; Siemens AG; SSI Schäfer; Swisslog.

Reasons to buy report

• To understand the MEA conveyor system market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA conveyor system market
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA conveyor system market
• Obtain market revenue forecast for market by various segments from 2020-2027 in MEA region.

MEA Conveyor system Market Segmentation

MEA Conveyor system Market - By Deployment Type

• Cloud
• On-Premises

MEA Conveyor system Market - By Enterprise Size

• Large Enterprises
• SMEs

MEA Conveyor system Market - By End-Use Industry

• IT and Telecommunication
• BFSI
• Government
• Manufacturing
• Others

MEA Conveyor system Market - By Country

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

MEA Conveyor system Market - Company Profiles

• DEMATIC
• Emerson Electric Co.
• Interroll Holding GmbH
• Siemens AG
• SSI Schäfer
• Swisslog

Middle East and Africa Conveyor System Market Strategic Insights

Middle East and Africa Conveyor System Market Segmentation Analysis

Middle East and Africa Conveyor System Market Report Highlights

Middle East and Africa Conveyor System Report Scope

Middle East and Africa Conveyor System Market Country and Regional Insights