Asia Pacific Conveyor System Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by System Type, Belt Type, and Industry

Others Segment to Dominate APAC Conveyor System Market during 2019-2027

According to a new market research study on “APAC 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$ 2,971.31 million by 2027 from US$ 4,934.40 million in 2019. The market is estimated to grow at a CAGR of 6.9% from 2020 to 2027. The report provides trends prevailing in the APAC conveyor system market along with the drivers and restraints pertaining to the market growth. Digital enhancements leading rise to new growth opportunities for conveyor system rapid vehicle production to boost the demand for conveyor systems is the major factor driving the growth of the APAC conveyor system market. However, issues associated with mining activities raising environmental concerns hinders the growth of APAC conveyor system market.

The APAC conveyor system market is segmented into system type, belt type, industry, and country. Based on system type, the APAC conveyor system market is segmented into the overhead, floor, roller, belt, and others. Belt segment held the largest market share of APAC conveyor system market in 2019. Based on belt type, the APAC conveyor system market is segmented into the light, medium, and heavy. Medium segment led the APAC conveyor system market in 2019. Based on industry, the APAC conveyor system market is segmented into food & beverage, automotive, airports, logistics, metals & mining, and others. Others segment held a substantial share of APAC conveyor system market during the forecast period.

APAC is severely affected by the COVID-19 pandemic. APAC is characterized by a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rise in disposable income. All these factors make APAC a major growth driving region for various markets, including the conveyor system. Many online shoppers and growing e-commerce sector in this region present a huge opportunity for the growth of the APAC conveyor system market. Due to the pandemic, social distancing and staying home have pushed the consumers toward online shopping. The outbreak of coronavirus impacted the logistics industry, owing to the uncertainty in the supply chain. The logistics supply chains are mainly strained by the pandemic and factory closures in China. The lockdown of various factories in China affects the supply chains and negatively impacts the manufacturing and sales of various products and services. However, the demand for new warehouse spaces is growing in the region since pharmaceuticals and supermarkets, and online retailers struggle to rise amid COVID-19. In order to ensure inventory levels are sufficient and to meet the demand for supermarkets, vendors are keeping higher amounts of merchandise in stock, hence, surging the demand for warehouse space. The mounting demand for goods brought online, especially food, would also fuel the need for distribution facilities, thereby propelling the market growth.

Daifuku Co., Ltd., DEMATIC, Emerson Electric Co., Honeywell Intelligrated, Interroll Holding, GmbH, Siemens AG, SSI Schäfer, Swisslog, TGW Logistics Group, Vanderlande Industries B.V. are among the leading companies in the APAC conveyor system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, La Costeña worked together with SSI Schafer to develop a significant logistics solution that aims to increase storage capacity, pick efficiency, and dispatch productions. To meet the demands, SSI SCHAEFER creates a six-channel storage system with 28,332 pallet storage locations. That storage system is made up of two modules, which are connected by a pallet conveying system.

The report segments the APAC Conveyor System Market as follows:

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

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC conveyor system market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the APAC conveyor system market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the conveyor system market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution