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.
The US, Canada, and Mexico are major economies in North America. Blooming E-commerce industry to bolster the demand for conveyor systems and this is driving the North America conveyor system market in a positive way. The e-commerce industry is one of the mature industries in the US and is growing at an unprecedented adoption rate across North America. As per the Census Bureau of the Department of Commerce, the US retail e-commerce sales were accounted for US$ 160.3 billion for the first quarter of 2020, which depicted a growth of 2.4% from the fourth quarter of 2019. Hence, the rising e-commerce industries in North America are thriving in the business for conveyor systems. The conveyor system is one of the significant components of e-commerce for managing products such as poly bags, padded envelopes, totes, cases, and cartons. In the e-commerce business, conveyor system providers offer upgraded technology, scalability & flexibility, and efficiency to the end users. The rising usage of online retailing and changing consumer behavior toward purchasing are positively impacting the adoption of conveyor systems. If the consumers buy something online and decide to return it back because of some reason, the consumer anticipate the return process to be as rapid and convenient as the purchase process. For such processes, vendors require conveyor systems to move those products effectively. A shorter delivery time progressively becomes crucial for several enterprises operating in the e-commerce industry. As per the survey in 2016, conducted by Dotcom Distribution, an e-commerce fulfillment company, ~87% of online shoppers recognized shipping speed as a significant factor in shopping with an e-commerce brand. Moreover, the price has not even been considered as crucial as speed. ~67% of online shoppers would pay more money to get same-day delivery. The conveyor systems play an important role for the fulfillment of convenient and rapid deliveries. Therefore, all the above factors are scaling up the conveyor systems market size year on year.Further, 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.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America conveyor system market. The North America conveyor system market is expected to grow at a good CAGR during the forecast period.
North America Conveyor system Market Segmentation
North America Conveyor system Market – By System Type
- Overhead
- Floor
- Roller
- Belt
- Others
North America Conveyor system Market – By Belt Type
- Light
- Medium
- Heavy
North America Conveyor system Market – By Industry
- Food & Beverage
- Automotive
- Airports
- Logistics
- Metals and Mining
- Others
North America Conveyor system Market, by Country
- US
- Canada
- Mexico
North America Conveyor system Market - Companies Mentioned
- Daifuku Co., Ltd.
- DEMATIC
- Emerson Electric Co.
- Honeywell Intelligrated
- Interroll Holding GmbH
- Siemens AG
- SSI Schäfer
- Swisslog
- TGW Logistics Group
- Vanderlande Industries B.V.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
System Type, Belt Type, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
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 IndexLIST 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 AbbreviationLIST 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 MarketsSome of the leading companies 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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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