South America Conveyor System Market

Market Introduction

SAM comprises several developing nations, such as Brazil, Argentina, Chile, Peru, and Colombia. The conveyor system market in SAM is rising rapidly due to the mounting government support, together with the escalating adoption of advanced technologies, among others. The countries in SAM are attracting huge FDIs on the back of cheap labor and low entry barriers and interest rates. For instance, Argentina is concentrating on attracting FDIs through initiatives such as easing import restrictions, signing international bilateral agreements, and lifting foreign investment restrictions. Such initiatives are expected to facilitate the development of different sectors across the region. The e-commerce sector is continuously booming in the region and is altering the way companies are serving their customers. Brazil is the only country in SAM, which is a driving force in the region’s economy. As per International Trade Center, in 2016, Brazil is the largest online retail market in the region, accounting for 42% of the region's US$ 47.4 billion e-commerce sales. The mounting popularity of SAM as a supply chain partner in proximity to the large North American markets is mainly due to the abundant availability of natural resources, liberal trade policies, and companies’ reputations for delivering high-quality products quickly and reliably. These above factors are boosting the demand for the conveyor system across the region. Expansion of E-commerce industry is catalyzing the conveyor systems demand is amongst the factors for the growing adoption of conveyor system.

Furthermore, 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

Market Overview and Dynamics

The conveyor system market in SAM is expected to grow from US$ 655.61 million in 2019 to US$ 895.93 million by 2027; it is estimated to grow at a CAGR of 4.1% from 2020 to 2027.  The growth of the SAM 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. 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 labour, it decreases the expenditure of the company in the training of employees. The growth of the SAM market is therefore boosted by the increasing development of automobiles and the increasing adoption of conveyor systems in the automotive industry.  

Key Market Segments

In terms of system type, the belt segment accounted for the largest share of the SAM conveyor system market in 2019. In terms of belt type, the medium segment held a larger market share of the SAM conveyor system market in 2019. Further, the Food & Beverage segment held a substantial share of the SAM 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 SAM 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.; Honeywell Intelligrated; Interroll Holding, GmbH; Siemens AG; SSI Schäfer.

Reasons to buy report

• To understand the SAM 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 SAM conveyor system market
• Efficiently plan M&A and partnership deals in SAM 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 SAM conveyor system market
• Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Conveyor system Market Segmentation

SAM Conveyor system Market - By Deployment Type

• Cloud
• On-Premises

SAM Conveyor system Market - By Enterprise Size

• Large Enterprises
• SMEs

SAM Conveyor system Market - By End-Use Industry

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

SAM Conveyor system Market - By Country

• Brazil
• Argentina
• Rest of SAM

SAM Conveyor system Market - Company Profiles

• DEMATIC
• Emerson Electric Co.
• Honeywell Intelligrated
• Interroll Holding GmbH
• Siemens AG
• SSI Schäfer
• Vanderlande Industries B.V.

South America Conveyor System Market Strategic Insights

South America Conveyor SystemMarket Report Highlights

South America Conveyor System Market Country and Regional Insights