Belt Segment to Lead North America Conveyor System Market from 2019 to 2027
A recent market research study, “North America Conveyor System Market to 2027 – COVID-19 Impact and Regional Analysis by System Type, Belt Type, and Industry,” projects that the market will grow from US$ 1,963.15 million in 2019 to US$ 2,747.41 million by 2027, at a CAGR of 4.5% from 2020 to 2027. The report highlights key trends, growth drivers, and challenges impacting the market. A major factor propelling market growth is the expansion of the e-commerce sector, which is increasing demand for conveyor systems. However, environmental concerns associated with mining activities pose challenges to market growth.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00017311
The North America conveyor system market is segmented by system type, belt type, industry, and country:
- By system type: The market is categorized into overhead, floor, roller, belt, and others. The belt segment held the largest market share in 2019.
- By belt type: Segments include light, medium, and heavy. The medium segment led the market in 2019.
- By industry: The market serves food & beverage, automotive, airports, logistics, metals & mining, and others. The “others” segment accounted for a significant market share during the forecast period.
The report segments the North America Conveyor System Market follows:
| Category | Segments |
| By System Type | Overhead, Floor, Roller, Belt, Others |
| By Belt Size | Light, Medium, Heavy |
| By Industry | Food & Beverage, Automotive, Airports, Logistics, Metals and Mining, Others |
| By Country | US, Canada, Mexico |
North America Conveyor System Strategic Insights
Strategic insights for the North America Conveyor System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America Conveyor System Regional Insights
The geographic scope of the North America Conveyor System 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.
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
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- 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.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
