Market Overview & Growth Trends
The North American conveyor system market is poised for steady growth, expanding from $1,963.15 million in 2019 to $2,747.41 million by 2027, with a projected CAGR of 4.5% (2020–2027). The surge in automation across manufacturing industries, coupled with increasing adoption of data-driven solutions, is fueling this expansion. Businesses are leveraging digital tools to enhance efficiency, reduce errors, and streamline operations.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00017311
The rise of Industry 4.0 is driving an industrial transformation, with AI, predictive maintenance, IoT, and robotics playing a pivotal role. These technologies are optimizing supply chains, improving transparency, and boosting productivity across multiple industries.
Key Market Segments
- By System Type: The belt segment led the market in 2019.
- By Belt Type: Medium-sized belts held the largest market share.
- By End-User Industry: The Others segment accounted for a substantial portion of the market.
Leading Industry Players
Key players shaping the North American conveyor system market include:
- Daifuku Co., Ltd.
- DEMATIC
- Emerson Electric Co.
- Honeywell Intelligrated
- Interroll Holding GmbH
- Siemens AG
- SSI Schäfer
- Swisslog
- TGW Logistics Group
- Vanderlande Industries B.V.
Belt Segment to Dominate North America Conveyor System Market during 2019–2027
According to a new market research study on “North America Conveyor System Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by System Type, Belt Type and Industry” is expected to reach US$ 2,747.41 million by 2027 from US$ 1,963.15 million in 2019. The market is estimated to grow at a CAGR of 4.5% from 2020 to 2027. The report provides trends prevailing in the North America conveyor system market along with the drivers and restraints pertaining to the market growth. Blooming E-commerce industry to bolster the demand for conveyor systems is the major factor driving the growth of the North America conveyor system market. However, issues associated with growing environmental issues due to impact of mining activities hinders the growth of North America conveyor system market.
The North America conveyor system market is segmented into system type, belt type, industry, and country. Based on system type, the North America conveyor system market is segmented into the overhead, floor, roller, belt, and others. Belt segment held the largest market share of North America conveyor system market in 2019. Based on belt type, the North America conveyor system market is segmented into the light, medium, and heavy. Medium segment led the North America conveyor system market in 2019. Based on industry, the North America conveyor system market is segmented into food & beverage, automotive, airports, logistics, metals & mining, and others. Others segment held a substantial share of North America conveyor system market during the forecast period.
North America Conveyor System Market – By System Type
| System Type | Belt Size | Industry | Country |
| Overhead | Light | Food & Beverage | US |
| Floor | Medium | Automotive | Canada |
| Roller | Heavy | Airports | Mexico |
| Belt | Light | Logistics | US |
| Others | Medium | Metals and Mining | Canada |
| Heavy | Others | Mexico |
North America Conveyor System market Regional Insights
The geographic scope of the North America Conveyor System market refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio:
Akshay
Senior Market Research Expert at Business Market Insights
