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North America Conveyor System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by System Type (Overhead, Floor, Roller, Belt, and Others), Belt Type (Light, Medium, and Heavy), and Industry (Food and Beverage, Automotive, Airports, Logistics, Metals and Mining, and Others)

Code: TIPRE00017311 | Pages: 132 | Industry: Manufacturing and Construction | Date: Dec 2020
Covid

A conveyor system is mechanical equipment or assemblies that carry material from one location to another with less effort. There are various types of conveyor systems, such as overhead, floor, roller, and belt, upon which the materials move. These systems come in different varieties to suit the different materials or products required to be transported. While deploying conveyor systems in any industry, several key factors, such as abrasiveness, corrosiveness, flowability, size, and moisture content should be taken into consideration to fulfill the industry needs. The system is usually complex in their design and construction due to their huge scales and integration into different factory processes. However, the modular nature of this system makes it readily attainable. The increasing demand for automation in verticals is one of the significant drivers for the growth of the North America conveyor systems market. The rising adoption of assembly line systems and mass production, coupled with increase in vehicle manufacturing, contributes to market growth.

The soaring foreign direct investment (FDI) investments in the automotive industry, material safety concerns, rising industrialization, requirement of automation to mitigate manufacturing costs, and expansion of the e-commerce sector with the adoption of conveyor systems are the key factors propelling the growth of the North America conveyor system market. The leading market players are focusing on broadening their addressable market by diversifying client bases, expanding current product portfolios by developing new products. Moreover, the pandemic has positively impacted the market growth, particularly in the e-commerce and food & beverage industries. Thus, blooming E-commerce industry to bolster the demand for conveyor systems is expected to create a significant demand for conveyor system in the coming years, which is further anticipated to drive the North America conveyor system market.

Furthermore, North America is severely affected by the COVID-19 pandemic. North America is one of the significant regions for the adoption and growth of advanced technologies due to favorable government policies to accelerate innovation, a huge industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region negatively. The US is a prominent market for the conveyor systems, especially in the logistics sector. The huge increase in number of confirmed cases and rise in reported deaths has affected this industry. The factory and business shutdowns across the US, Canada, and Mexico are impacting the adoption of the conveyor system market. COVID-19 has had a severe impact on logistics operations, transportation, and trade activity. Owing to this pandemic, the manufacturing sector is facing dormancy because of the business shutdown. The companies resuming their manufacturing facilities face scaled-down production for conveyor belt systems due to a massively affected supply chain. This would hinder the adoption of conveyor systems in the region. The impact of the coronavirus outbreak is anticipated to be quite severe in the year 2020 and likely in 2021. However, online retailing and food businesses have boosted sales in the region. Consumers are spending on products that would help them manage the COVID-19 crisis. The impact of COVID-19 is short-term; it is likely to decrease in the coming years.

Market Overview and Dynamics

The conveyor system market in North America is expected to grow from US$ 1963.15 million in 2019 to US$ 2,747.41 million by 2027; it is estimated to grow at a CAGR of 4.5% from 2020 to 2027. Various manufacturing industries are heavily investing on the adoption of automated solutions. Additionally, the adoption of data-driven solutions has gained significant popularity among various leading manufacturers and business owners to mitigate unforeseen errors, faults, and damages. Increasing demand for conveyor systems with integrated technologies across various industrial applications is expected to propel the market growth in the coming years. The mounting implementation of Industry 4.0 has led to an extensive digital overhaul across the manufacturing industry. Digital technologies such as artificial intelligence (AI) and predictive maintenance are used by the conveyor system providers for maintaining visibility across the supply chain with improved operations, transparency, and productivity. Additionally, technologies such as automation, the Internet of Things (IoT), and robotics are also gaining more prominence. Industry 4.0 based applications make it less challenging to coordinate operations across multiple industries than ever.

Key Market Segments

In terms of system type, the belt segment accounted for the largest share of the North America conveyor system market in 2019. In terms of belt type, the medium segment held a larger market share of the North America conveyor system market in 2019. Further, the Others segment held a substantial share of the North America 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 North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Daifuku Co., Ltd., DEMATIC, Emerson Electric Co., Honeywell Intelligrated, Interroll Holding, GmbH, Siemens AG, SSI Schäfer, Swisslog, TGW Logistics Group, Vanderlande Industries B.V.

Reasons to buy report

  • To understand the North America 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 North America conveyor system market
  • Efficiently plan M&A and partnership deals in North America conveyor system market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America conveyor system market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.


North America Conveyor system Market Segmentation

North America Conveyor system Market - By Deployment Type

  • Cloud
  • On-Premises

North America Conveyor system Market - By Enterprise Size

  • Large Enterprises
  • SMEs

North America Conveyor system Market - By End-Use Industry

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

North America Conveyor system Market - By Country

  • US
  • Canada
  • Mexico

North America Conveyor system Market - Company Profiles

  • Daifuku Co., Ltd.
  • DEMATIC
  • Emerson Electric Co.
  • Honeywell Intelligrated
  • Interroll Holding GmbH
  • Siemens AG
  • SSI Schäfer
  • Swisslog
  • TGW Logistics Group
  • Vanderlande Industries B.V.
 

TABLE OF CONTENTS

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Conveyor System Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

5.           North America Conveyor System Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Blooming E-commerce Industry to Bolster the Demand for Conveyor Systems

5.1.2        Growing Vehicle Manufacturing to Raise the Demand for Conveyor Systems

5.2         Market Restraints

5.2.1        Environmental Issues Due to Impact of Mining Activities

5.3         Market Opportunities

5.3.1        Digital Advancements Creating Opportunities for Conveyor System

5.4         Future Trends

5.4.1        Manufacturing Sector Adopting Industrial 4.0

5.5         Impact Analysis of Drivers and Restraints

6.           Conveyor System Market – North America Analysis

6.1         North America Conveyor System Market Overview

6.2         North America Conveyor System Market – Revenue, and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Market Players Ranking

7.           North America Conveyor System Market Analysis – By System Type

7.1         Overview

7.2         North America Conveyor System Market Breakdown, by System Type, 2019 & 2027

7.3         Overhead

7.3.1        Overview

7.3.2        Overhead: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

7.4         Floor

7.4.1        Overview

7.4.2        Floor: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

7.5         Roller

7.5.1        Overview

7.5.2        Roller: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

7.6         Belt

7.6.1        Overview

7.6.2        Belt: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

8.           North America Conveyor System Market Analysis –  By Belt Type

8.1         Overview

8.2         North America Conveyor System Market Breakdown, by Belt Type, 2019 & 2027

8.3         Light

8.3.1        Overview

8.3.2        Light: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

8.4         Medium

8.4.1        Overview

8.4.2        Medium: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

8.5         Heavy

8.5.1        Overview

8.5.2        Heavy: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.           North America Conveyor System Market Analysis – By Industry

9.1         Overview

9.2         North America Conveyor System Market Breakdown, by Industry, 2019 & 2027

9.3         Food & Beverage

9.3.1        Overview

9.3.2        Food & Beverage: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.4         Automotive

9.4.1        Overview

9.4.2        Automotive: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.5         Airports

9.5.1        Overview

9.5.2        Airports: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.6         Logistics

9.6.1        Overview

9.6.2        Logistics: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.7         Metals and Mining

9.7.1        Overview

9.7.2        Metals and Mining: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

9.8         Others

9.8.1        Overview

9.8.2        Others: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

10.        North America Conveyor System Market – Country Analysis

10.1      Overview

10.1.1     North America: Conveyor System Market , by Key Country

10.1.1.1       US: Conveyor System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       US: Conveyor System Market, by System Type

10.1.1.1.2       US: Conveyor System Market, by Belt Type

10.1.1.1.3       US: Conveyor System Market, by Industry

10.1.1.2       Canada: Conveyor System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       Canada: Conveyor System Market, by System Type

10.1.1.2.2       Canada: Conveyor System Market, by Belt Type

10.1.1.2.3       Canada: Conveyor System Market, by Industry

10.1.1.3       Mexico: Conveyor System Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Mexico: Conveyor System Market, by System Type

10.1.1.3.2       Mexico: Conveyor System Market, by Belt Type

10.1.1.3.3       Mexico: Conveyor System Market, by Industry

11.        Impact of COVID-19 Pandemic on North America Conveyor System Market

11.1      North America: Impact assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Product Development

12.4      Merger and Acquisition

13.        Company Profiles

13.1      Daifuku Co., Ltd.

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Dematic

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Emerson Electric Co.

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Honeywell Intelligrated

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Interroll Holding GmbH

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Siemens AG

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      SSI Schafer

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

13.8      Swisslog Holding AG

13.8.1     Key Facts

13.8.2     Business Description

13.8.3     Products and Services

13.8.4     Financial Overview

13.8.5     SWOT Analysis

13.8.6     Key Developments

13.9      TGW Logistics Group

13.9.1     Key Facts

13.9.2     Business Description

13.9.3     Products and Services

13.9.4     Financial Overview

13.9.5     SWOT Analysis

13.9.6     Key Developments

13.10   Vanderlande Industries B.V.

13.10.1  Key Facts

13.10.2  Business Description

13.10.3  Products and Services

13.10.4  Financial Overview

13.10.5  SWOT Analysis

13.10.6  Key Developments

14.        Appendix

14.1      About The Insight Partners

             14.2      Word Index

LIST OF TABLES

Table 1.             North America Conveyor System Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             US: Conveyor System Market, by System Type –Revenue and Forecast to 2027 (US$ Million)

Table 3.             US: Conveyor System Market, by Belt Type –Revenue and Forecast to 2027 (US$ Million)

Table 4.             US: Conveyor System Market, by Industry –Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada: Conveyor System Market, by System Type –Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada: Conveyor System Market, by Belt Type –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada: Conveyor System Market, by Industry –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico: Conveyor System Market, by System Type –Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico: Conveyor System Market, by Belt Type –Revenue and Forecast to 2027 (US$ Million)

Table 10.          Mexico: Conveyor System Market, by Industry –Revenue and Forecast to 2027 (US$ Million)

Table 11.            List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Conveyor System Market Segmentation

Figure 2.           North America Conveyor System Market Segmentation – By Country

Figure 3.           North America Conveyor System Market Overview

Figure 4.           North America Conveyor System Market, by Country

Figure 5.           North America Conveyor System Market, by System Type

Figure 6.           North America Conveyor System Market, by Belt Type

Figure 7.           North America – PEST Analysis

Figure 8.           North America Conveyor System Market – Ecosystem Analysis

Figure 9.           North America Conveyor System Market Impact Analysis of Drivers and Restraints

Figure 10.        North America: Conveyor System Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        North America Conveyor System Market Breakdown, by System Type (2019 and 2027)

Figure 12.        North America Overhead: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Floor: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 14.        North America Roller: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 15.        North America Belt: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 16.        North America Others: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 17.        North America Conveyor System Market Breakdown, by Belt Type (2019 and 2027)

Figure 18.        North America Light: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Medium: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 20.        North America Heavy: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 21.        North America Conveyor System Market Breakdown, by Industry (2019 and 2027)

Figure 22.        North America Food & Beverage: Conveyor System Market Revenue and Forecast to 2027 (US$ Million)

Figure 23.        North America Automotive: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 24.        North America Airports: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 25.        North America Logistics: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 26.        North America Metals and Mining: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 27.        North America Others: Conveyor System Market Revenue and Forecast To 2027 (US$ Million)

Figure 28.        North America: Conveyor System Market Revenue Share, by Key Country (2019 and 2027)

Figure 29.        US: Conveyor System Market – Revenue and Forecast To 2027 (US$ Million)

Figure 30.        Canada: Conveyor System Market – Revenue and Forecast To 2027 (US$ Million)

Figure 31.        Mexico: Conveyor System Market – Revenue and Forecast To 2027 (US$ Million)

Figure 32.          Impact of COVID-19 Pandemic in North American Country Markets

Some of the leading companies are:

  1. Daifuku Co., Ltd.
  2. DEMATIC
  3. Emerson Electric Co.
  4. Honeywell Intelligrated
  5. Interroll Holding GmbH
  6. Siemens AG
  7. SSI Schäfer
  8. Swisslog
  9. TGW Logistics Group
  10. Vanderlande Industries B.V.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America conveyor system market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America conveyor system market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the conveyor system market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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