Growing Digitization Creating Growth Opportunities for Conveyor System Market.

According to our latest market study on “Conveyor System Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by System Type, Belt Type, and Industry,” the market was valued at US$ 7,940.38 million in 2019 and is projected to reach US$ 11,903.88 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

Rising digitization across the world has resulted in increased efficiency of existing machines together with increased safety, and is anticipated to surge the demand for advanced conveyor systems. Manufacturers have implemented automation and analytics to enhance their products & services and to enrich customers' experience. The concept of digital equipment has transformed manufacturers from suppliers with 'hardware only' to suppliers with 'hardware, software, and services,' which has led to the introduction of new business models. Conveyor systems manufacturers use new models to build a loyal customer base and generate a steady stream of revenues. The supply chain industry across the world has been undergoing a constant transformation and considerably impacting the fundamentals of warehousing and distribution. These transformations are related to the growing technologies that fill the gap between supply chain operations and customers. Rising technologies, such as digital twins and IT platforms, find their way into conveyor systems, enhancing the value chain, and thereby work efficiently and cost effectively. Digitization has paved the way for conveyor system manufacturers to introduce new business models based on equipment utilization or performance. Several businesses are constantly striving to enhance logistics and assembly operations. For instance, MiniTec Company supports various industries with its advanced products and convincing customer services. MiniTec is an International technology company focusing on advanced conveyor technology, automation, workplace systems, and assembly technology. Digitization has created several opportunities across different processes in the value chain of the conveyor system, from designing the product to manufacturing, selling, and aftersales services.


Based on the varied consumer demands, the conveyor system providers introduce new products in the market with the help of data collected from equipment through digitization. Thus, growing digitization is one of the significant factors that would accelerate the demand for advanced conveyor systems during the forecast period.

Geographically, Asia Pacific held the largest share of the conveyor system market in 2019, followed by North America and Europe. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The conveyor system market is segmented into system type, belt type, industry, and geography. Based on system type, the market is further categorized into overhead, floor, roller, belt, and others. The belt segment represented the largest share of the overall market during the forecast period. Based on belt type, the market is further segmented into light, medium, and heavy. In 2019, the medium segment accounted for a substantial share in the global conveyor system market. Based on industry, the market is segmented into food & beverage, automotive, airports, logistics, metals & mining, and others. The others segment represented the largest share of the overall market during the forecast period.

Impact of COVID-19 Pandemic on Conveyor System Market
According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, France, Spain, Argentina, the UK, Italy, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019, and since then, it has spread across the globe. As per the WHO, as of November 3, 2020, there were around 46,840,783 confirmed COVID-19 cases globally, including 1,204,028 deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020 and it is likely to continue in 2021 as well. The outbreak has created significant disruptions in primary industries, such as logistics, retail, and e-commerce. The sharp decline in the international logistics business industry is negatively impacting the growth of the global conveyor system market. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat the outbreak have adversely affected the logistics industry.

Daifuku Co., Ltd.; Dematic; Emerson Electric Co.; Honeywell Intelligrated; Interroll Holding GmbH; Siemens AG; SSI Schafer; Swisslog Holding AG; TGW Logistics Group; and Vanderlande Industries B.V. are among major companies operating in the conveyor system market.

Conveyor System Market - by Geography, 2019




The report segments the global conveyor system market as follows:

By System Type
• Overhead
• Floor
• Roller
• Belt
• Others

By Belt Type
• Light
• Medium
• Heavy

By Industry
• Food & Beverage
• Automotive
• Airports
• Logistics
• Metals & Mining
• Others

By Geography
• North America
o US
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o UK
o Russia
o Rest of Europe
• Asia Pacific
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
• Middle East & Africa
o South Africa
o Saudi Arabia
o UAE
o Rest of MEA
• South America
o Brazil
o Argentina
o Rest of SAM
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
Growing Digitization Creating Growth Opportunities for Conveyor System Market. According to our latest market study on “Conveyor System Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by System Type, Belt Type, and Industry,” the market was valued at US$ 7,940.38 million in 2019 and is projected to reach US$ 11,903.88 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027. Rising digitization across the world has resulted in increased efficiency of existing machines together with increased safety, and is anticipated to surge the demand for advanced conveyor systems. Manufacturers have implemented automation and analytics to enhance their products & services and to enrich customers' experience. The concept of digital equipment has transformed manufacturers from suppliers with 'hardware only' to suppliers with 'hardware, software, and services,' which has led to the introduction of new business models. Conveyor systems manufacturers use new models to build a loyal customer base and generate a steady stream of revenues. The supply chain industry across the world has been undergoing a constant transformation and considerably impacting the fundamentals of warehousing and distribution. These transformations are related to the growing technologies that fill the gap between supply chain operations and customers. Rising technologies, such as digital twins and IT platforms, find their way into conveyor systems, enhancing the value chain, and thereby work efficiently and cost effectively. Digitization has paved the way for conveyor system manufacturers to introduce new business models based on equipment utilization or performance. Several businesses are constantly striving to enhance logistics and assembly operations. For instance, MiniTec Company supports various industries with its advanced products and convincing customer services. MiniTec is an International technology company focusing on advanced conveyor technology, automation, workplace systems, and assembly technology. Digitization has created several opportunities across different processes in the value chain of the conveyor system, from designing the product to manufacturing, selling, and aftersales services. Based on the varied consumer demands, the conveyor system providers introduce new products in the market with the help of data collected from equipment through digitization. Thus, growing digitization is one of the significant factors that would accelerate the demand for advanced conveyor systems during the forecast period. Geographically, Asia Pacific held the largest share of the conveyor system market in 2019, followed by North America and Europe. Further, Asia Pacific is projected to witness the highest growth rate during the forecast period. The conveyor system market is segmented into system type, belt type, industry, and geography. Based on system type, the market is further categorized into overhead, floor, roller, belt, and others. The belt segment represented the largest share of the overall market during the forecast period. Based on belt type, the market is further segmented into light, medium, and heavy. In 2019, the medium segment accounted for a substantial share in the global conveyor system market. Based on industry, the market is segmented into food & beverage, automotive, airports, logistics, metals & mining, and others. The others segment represented the largest share of the overall market during the forecast period. Impact of COVID-19 Pandemic on Conveyor System Market According to the latest situation report from the World Health Organization (WHO), the US, India, Brazil, Russia, France, Spain, Argentina, the UK, Italy, and China are among the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) during December 2019, and since then, it has spread across the globe. As per the WHO, as of November 3, 2020, there were around 46,840,783 confirmed COVID-19 cases globally, including 1,204,028 deaths, and the number is growing at varying rates in different countries. The COVID-19 crisis is affecting the industries worldwide, and the global economy is anticipated to take the worst hit in 2020 and it is likely to continue in 2021 as well. The outbreak has created significant disruptions in primary industries, such as logistics, retail, and e-commerce. The sharp decline in the international logistics business industry is negatively impacting the growth of the global conveyor system market. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat the outbreak have adversely affected the logistics industry. Daifuku Co., Ltd.; Dematic; Emerson Electric Co.; Honeywell Intelligrated; Interroll Holding GmbH; Siemens AG; SSI Schafer; Swisslog Holding AG; TGW Logistics Group; and Vanderlande Industries B.V. are among major companies operating in the conveyor system market. Conveyor System Market - by Geography, 2019 The report segments the global conveyor system market as follows: By System Type • Overhead • Floor • Roller • Belt • Others By Belt Type • Light • Medium • Heavy By Industry • Food & Beverage • Automotive • Airports • Logistics • Metals & Mining • Others By Geography • North America o US o Canada o Mexico • Europe o France o Germany o Italy o UK o Russia o Rest of Europe • Asia Pacific o China o India o South Korea o Japan o Australia o Rest of APAC • Middle East & Africa o South Africa o Saudi Arabia o UAE o Rest of MEA • South America o Brazil o Argentina o Rest of SAM Contact Us Contact Person: Sameer Joshi Phone: +1-646-491-9876 Email Id: sales@theinsightpartners.com
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