Middle East and Africa Conveyor System Market
No. of Pages: 113 | Report Code: TIPRE00017304 | Category: Manufacturing and Construction
No. of Pages: 113 | Report Code: TIPRE00017304 | Category: Manufacturing and Construction
The MEA is projected to witness a rapid rise in industrialization, leading to urbanization, which would further drive this region's overall economy. The Gulf countries are economically advanced, while the African countries are yet to level up to their economic conditions. Amid continuous technological developments, various industries, including logistics, retail, and e-commerce, are witnessing high growth. The increasing adoption of advanced technologies in these industries is propelling the conveyor system market growth in the MEA. In a region, Saudi Arabia and the UAE are the most attractive destinations for logistics investments with the advantage of easily accessible markets to operate. In the GCC, Oman, Qatar, Bahrain, and Kuwait, along with Jordan and Morocco, are other countries that can attract lump sum investments. Increasing infrastructure development activities in the MEA, is increasing the penetration of automation for having greater efficiency at construction sites. The installation of heavy-duty conveyor belts at different construction sites in the Middle East countries is amongst the factors for the growing adoption of conveyor system.
Furthermore, The MEA is severely affected by the COVID-19 pandemic. Among the MEA countries, South Africa has recorded the highest COVID-19 cases. Other significant countries facing the economic impact of COVID-19 include Iran, Turkey, Saudi Arabia, Israel, Morocco, the UAE, Qatar, Kuwait, Oman, and Egypt. The region comprises many growing economies, such as the UAE and Saudi Arabia, which are prospective markets for conveyor system providers, owing to the huge presence of diverse customer base for the food & beverages and retail and e-commerce sectors. The market in the region is already facing a decline as there is pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in the region’s economic condition and impact of COVID-19 on the growth of various industries in the region are expected to negatively impact the development of the conveyor system market in 2020 and 2021.
Strategic insights for the Middle East and Africa 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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 486.88 Million |
| Market Size by 2027 | US$ 634.55 Million |
| Global CAGR (2020 - 2027) | 3.5% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By System Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa 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.
The conveyor system market in the MEA is expected to grow from US$ 486.88 million in 2019 to US$ 634.55 million by 2027; it is estimated to grow at a CAGR of 3.5% from 2020 to 2027. The growth of the MEA conveyor system market has been driven by the rise in vehicle production in the past few years. Demand for commercial vehicles and passenger cars is growing, especially in developing nations. The demand for the conveyor system was fueled by the increasing investment in the automotive industry. In vehicle manufacturing plants, it is necessary to have a high level of control and high quality in all operations carried out in the sector; hence the conveyor systems in their vehicle manufacturing plants are heavily implemented by the automotive industry. The conveyor systems allow the manufacturing plants of vehicles to retain power and have free space for new operations. As the conveyor system mitigates labor, it decreases the expenditure of the company in the training of employees. As a result, the increasing production of vehicles and the increasing adoption of conveyor systems in the automotive industry are boosting the growth of the MEA market.
In terms of system type, the belt segment accounted for the largest share of the MEA conveyor system market in 2019. In terms of belt type, the medium segment held a larger market share of the MEA conveyor system market in 2019. Further, the others segment held a substantial share of the MEA conveyor system market based on end user industry in 2019.
A few major primary and secondary sources referred to for preparing this report on the conveyor system market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DEMATIC, Emerson Electric Co.; Interroll Holding, GmbH; Siemens AG; SSI Schäfer; Swisslog.
Some of the leading companies are:
The Middle East and Africa Conveyor System Market is valued at US$ 486.88 Million in 2019, it is projected to reach US$ 634.55 Million by 2027.
As per our report Middle East and Africa Conveyor System Market, the market size is valued at US$ 486.88 Million in 2019, projecting it to reach US$ 634.55 Million by 2027. This translates to a CAGR of approximately 3.5% during the forecast period.
The Middle East and Africa Conveyor System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Conveyor System Market report:
The Middle East and Africa Conveyor System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Conveyor System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Conveyor System Market value chain can benefit from the information contained in a comprehensive market report.
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