Latin America Conveyors Market Size (2024 - 2029)

The Latin America Conveyors Market is poised for growth, particularly in emerging economies like Brazil and Mexico, driven by a booming industrial sector. Despite the region's lag in GDP growth compared to other developing economies, there is significant financial potential and appeal for foreign investors due to industrialization and political stability. The market size is expected to expand, especially in bulk handling material applications and the food and beverage sector, as small and medium enterprises increasingly adopt automation to remain competitive. However, the COVID-19 pandemic has negatively impacted manufacturing output, which may affect the market's growth trajectory.

Market Size of Latin America Conveyors Industry

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latin america conveyors market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.42 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Latin America Conveyors Market Analysis

The Latin America Conveyors Market is expected to register a CAGR of 4.42% over the forecast period from 2020 to 2025. The Latin American region is expected to witness significant growth in the conveyors market, especially in emerging economies, such as Brazil and Mexico, where the industrial sector is booming. However, the region still lags significantly behind the GDP growth compared to other developing economies. To remain competitive, small and medium enterprises (SMEs) in the area are expected to start adopting automated conveyors.

  • Latin American region is expected to witness steady gains for bulk handing material applications. The region offers enormous financial potential and is especially appealing to foreign investors because of its propelled industrialization, political steadiness, and high crude materials reserves. In March 2020, Dos Santos International (DSI) commissioned two Sandwich belt, high angle conveyors, for Continental Gold's Buriticá project in Antioquia, Colombia. The DSI Sandwich high angle conveyors will act as transfer conveyors elevating crushed pebble ore, each operating at an incline angle of 45° and a rate of 135 tph. 
  • Airports witness complex processes that are deployed around the clock and need thoughtful planning and coordination. Such demands prompt companies to offer products exclusively for airports such as Belt Conveyor, Tilt-Tray Sorter, and Baggage Tray System. According to the International Air Transport Association (IATA), aviation witnessed a significant role in Latin America's economy, employing 7.5 million people and supporting USD 156 billion in GDP in 2019. According to Trading Economics, industrial production in Brazil increased 7.10 % year-on-year in May 2019, rebounding from a 3.9% gain in the previous month. This indicates the expanding scope for automation in Brazil.
  • The food and beverage sector is one of the most significant economic contributors to the region. In August 2020, Key Technology, one of the members of the Duravant family of operating companies, announced a partnership with Bem Brasil, the largest potato processor in Brazil, to add a new potato strip processing line to Bem's Perdizes facility. This multimillion-dollar purchase includes an ADR EXOS automatic defect removal system, six VERYX digital sorters, three Sliver Sizer Removers, and 57 Iso-Flo vibratory conveyors on a line designed to process 30 metric tons of frozen french fries per hour. Bem chose to partner with Key to maximize food safety and consistently meet final product quality specifications while improving its operating efficiencies and yield.
  • With the continued spread of COVID-19 through Latin America, at the end of May 2020, the region became one of the pandemic's global epicenters. The manufacturing sector in the region, which was steady before the current crisis, is one of the sectors most affected by economic activity's shutdown. According to the United Nations Industrial Development Organization (UNIDO), the figures for March 2020 show a 4.8% drop in manufacturing output in Mexico compared with the previous month. In Brazil, production in March sank by 9.9% in the month. On a year-on-year basis, manufacturing output fell by 6.4% and 9.1% respectively in each country, which is expected to impact the conveyor market in the region negatively.

Latin America Conveyors Industry Segmentation

Conveyor systems are mechanical devices or assemblies that are used to transport various materials with little effort. There are different kinds of conveyor systems, usually consisting of a frame that supports either wheels, rollers, or a belt, upon which the materials move from one place to another. The scope of the study is currently focused exclusively on the Latin American region.

Product Type
Belt
Roller
Pallet
Overhead
End-User Industry
Airport
Retail
Automotive
Manufacturing
Food and Beverage
Pharmaceuticals
Mining
Country
Argentina
Brazil
Colombia
Mexico
Chile
Rest of Latin America
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Latin America Conveyors Market Size Summary

The Latin America conveyors market is poised for growth, driven by the industrial expansion in emerging economies like Brazil and Mexico. Despite the region's slower GDP growth compared to other developing areas, the demand for automated conveyors is expected to rise, particularly among small and medium enterprises seeking to enhance competitiveness. The market is characterized by steady gains in bulk handling material applications, attracting foreign investment due to political stability and abundant natural resources. The aviation sector's significant contribution to the economy further fuels the demand for specialized conveyor systems, while the food and beverage industry continues to invest in advanced processing lines to improve efficiency and product quality.

The mining industry plays a crucial role in the region's conveyor market, with countries like Chile, Peru, and Mexico rich in valuable minerals. The transition to automated systems in mining operations, such as the large-scale ore conveyor systems in Chile, underscores the sector's reliance on conveyor technology. Mexico's industrial base, particularly in automotive and aerospace manufacturing, drives the adoption of conveyors to meet the demands of expanding production lines. The market is competitive, with major international players like Daifuku Co. Ltd and SSI Schaefer AG focusing on product innovation and strategic mergers. Recent developments, such as the expansion of manufacturing capabilities in Mexico and the release of comprehensive conveyor solution handbooks, highlight the ongoing advancements and opportunities within the Latin America conveyors market.

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Latin America Conveyors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Industrial and Infrastructural Development Activities in the Region

    3. 1.3 Market Restraints

      1. 1.3.1 High Initial Investments

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Suppliers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Intensity of Competitive Rivalry

      5. 1.5.5 Threat of Substitutes

    6. 1.6 Assessment on the impact due to COVID-19

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Belt

      2. 2.1.2 Roller

      3. 2.1.3 Pallet

      4. 2.1.4 Overhead

    2. 2.2 End-User Industry

      1. 2.2.1 Airport

      2. 2.2.2 Retail

      3. 2.2.3 Automotive

      4. 2.2.4 Manufacturing

      5. 2.2.5 Food and Beverage

      6. 2.2.6 Pharmaceuticals

      7. 2.2.7 Mining

    3. 2.3 Country

      1. 2.3.1 Argentina

      2. 2.3.2 Brazil

      3. 2.3.3 Colombia

      4. 2.3.4 Mexico

      5. 2.3.5 Chile

      6. 2.3.6 Rest of Latin America

Latin America Conveyors Market Size FAQs

The Latin America Conveyors Market is projected to register a CAGR of 4.42% during the forecast period (2024-2029)

Daifuku Co. Ltd, SSI Schaefer AG, Mecalux SA, Dorner Mfg. Corp. and BEUMER Group are the major companies operating in the Latin America Conveyors Market.

Latin America Conveyors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)