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Latin America Conveyors Market Size, Growth, Forecast: By Type: Belt, Chain, Roller, Pallet, Overhead; By Operation: Manual, Automatic, Semi-Automatic; By End Use: Food and Beverage, Pharmaceuticals, Mining, Retail, Manufacturing, Airport, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Latin America Conveyors Market Outlook
The Latin America conveyors market size attained a value of approximately USD 1.01 billion in 2022. The market is further projected to grow at a CAGR of 4.20% in the forecast period of 2023-2028, reaching a value of around USD 1.29 billion by 2028.
Key Trends in the Market
Conveyors or conveyor systems are mechanical equipment that are used to move materials or products from one location to another, and are useful for transportation of bulky items or large volumes of items. They typically comprise of a frame upon which a carrying system such as belt or chain is fixed where materials are placed and transported by the movement of the carrying material.
- Increasing economic development and industrialisation across the Latin America region, particularly in emerging nations such as Brazil, is driving the Latin America conveyors market demand. Conveyors are used across industries and in manufacturing processes for scalable production of a variety of consumer goods, foods and beverages, and pharmaceuticals.
- Surging investments in airport development in the Latin America region, supported by introduction of private sector participation in various countries and increasing tourism, is augmenting the demand for conveyors in airport end uses. In airports, conveyors aid in smooth movement of luggage to desired locations, aiding passenger convenience.
- Rising adoption of advanced technologies such as automation, artificial intelligence, and machine learning are anticipated to be key trends in the Latin America conveyors market. More small and medium enterprises are adopting new technologies and automated conveyor systems to streamline production processes and gain a competitive edge.
Market Analysis
Based on type, the market is divided into belt, chain, roller, pallet, and overhead. On the basis of operation, the Latin America conveyors market segmentation is manual, automatic, and semi-automatic. By end use, the market is categorised into food and beverage, pharmaceuticals, mining, retail, manufacturing, and airport, among others. The major countries in the conveyors market in Latin America are Brazil, Argentina, Uruguay, Chile, Paraguay, and Bolivia, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America conveyors market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Dorner Mfg. Corp.
- Siemens AG
- Honeywell International Inc.
- SSI Schäfer Group
- MECALUX Group
- BEUMER Group GmbH & Co. KG
- Metso Corporation
- Others
Market Share by Operation
Automatic conveyor systems, by operation, are anticipated to witness a rapidly growing Latin America conveyors market share in the coming years as more industries invest in upgrading conveyor systems for streamlined operations. Through the use of automatic conveyor systems, requirement for manual intervention can be minimised and products can be directly moved as needed. The reduced need for manual labour results in lower operating costs, faster performance, and minimal errors, thereby improving the overall efficiency of operations. Productivity can be enhanced and various additional systems can be integrated with automatic conveyors to suit the needs of the specific application. The versatility of these systems enable smooth integration with a wide range of processes and products, due to which their demand is projected to increase in the forecast period.
Market Share by End Use
Mining accounts for significant share of the conveyors market in Latin America, driven by the thriving mining industry due to presence of rich natural resources and support of governments in the region. In large scale mining reserves, sturdy conveyor systems are used to transport ore from underground mining locations to the surface for further processing. Depending upon the location of reserves, weight of material to be transported, and distance, custom conveyor systems are deployed and play an integral role in efficient mining operations. Outside of the mining locations, conveyor systems are also utilised in processing plants and refining, for the movement of ore throughout the supply chain. Increasing demand for mining and investments towards improving production are likely to bolster the Latin America conveyors market growth further.
Competitive Landscape
Dorner Mfg. Corp., established in 1966 and headquartered in Wisconsin in the United Sates, specialises in conveyor solutions, catering to customers across industries globally. The company is a prominent manufacturer of custom and packaged conveyor systems for industrial, sanitary, and packaging conveyor applications.
Siemens AG, founded in 1966 and currently based in Munich, Germany, is a technology company with a focus on infrastructure, industry, transportation, and healthcare. The product and services portfolio of the company includes energy, financing, healthcare, industrial automation, mobility, software, and consumer products.
Honeywell International Inc. is a multinational conglomerate specialising in safety and productivity solutions, building technologies, aerospace, and performance materials and technologies. Established in 1906 and currently headquartered in North Carolina, United States, the company’s products include automation in distribution, voice technology, and industrial sensors, among others.
Other market players include SSI Schäfer Group, MECALUX Group, BEUMER Group GmbH & Co. KG, and Metso Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Operation |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Conveyors Market Overview
8.1 Key Industry Highlights
8.2 Latin America Conveyors Historical Market (2018-2022)
8.3 Latin America Conveyors Market Forecast (2023-2028)
9 Latin America Conveyors Market by Type
9.1 Belt
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Chain
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.3 Roller
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.4 Pallet
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.5 Overhead
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
10 Latin America Conveyors Market by Operation
10.1 Manual
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Automatic
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Semi-Automatic
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
11 Latin America Conveyors Market by End Use
11.1 Food and Beverage
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Pharmaceuticals
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Mining
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Retail
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Manufacturing
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Airport
11.6.1 Historical Trend (2018-2022)
11.6.2 Forecast Trend (2023-2028)
11.7 Others
12 Latin America Conveyors Market by Country
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Uruguay
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Chile
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Paraguay
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Bolivia
12.6.1 Historical Trend (2018-2022)
12.6.2 Forecast Trend (2023-2028)
12.7 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators of Demand
13.4 Key Indicators of Price
14 Trade Data Analysis (HS Code: 842839, 842833, 842820, 842832)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Dorner Mfg. Corp.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Siemens AG
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Honeywell International Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SSI Schäfer Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 MECALUX Group
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 BEUMER Group GmbH & Co. KG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Metso Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Conveyors Market: Key Industry Highlights, 2018 and 2028
2. Latin America Conveyors Historical Market: Breakup by Type (USD Million), 2018-2022
3. Latin America Conveyors Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Latin America Conveyors Historical Market: Breakup by Operation (USD Million), 2018-2022
5. Latin America Conveyors Market Forecast: Breakup by Operation (USD Million), 2023-2028
6. Latin America Conveyors Historical Market: Breakup by End Use (USD Million), 2018-2022
7. Latin America Conveyors Market Forecast: Breakup by End Use (USD Million), 2023-2028
8. Latin America Conveyors Historical Market: Breakup by Country (USD Million), 2018-2022
9. Latin America Conveyors Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Latin America Conveyors Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 1.01 billion.
The market is expected to grow at a CAGR of 4.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028, reaching a value of around USD 1.29 billion by 2028.
The major drivers of the market include increasing industrialisation, economic development in the region, rising adoption of automated conveyors, and growing demand for bulk handling.
The key Latin America conveyors market trends include rising usage in airports, increasing globalisation, thriving manufacturing sector, and increasing investments by governments in the region.
The various types in the conveyors market in Latin America are belt, chain, roller, pallet, and overhead.
The leading end uses for conveyors in the market are food and beverage, pharmaceuticals, mining, retail, manufacturing, and airport, among others.
The major players in the market, according to the report, are Dorner Mfg. Corp., Siemens AG, Honeywell International Inc., SSI Schäfer Group, MECALUX Group, BEUMER Group GmbH & Co. KG, and Metso Corporation, among others.
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