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U.S. Conveyor And Conveying Equipment Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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Article Publishing Date: Aug 19, 2020

The U.S. Conveyor and Conveying Equipment Market to Lose Growth Momentum Due to the Pandemic

IndexBox has just published a new report: 'U.S. Conveyor And Conveying Equipment Market. Analysis And Forecast to 2025'. Here is a summary of the report's key findings.

The COVID-Related Recession Is to Undermine the Growth of the Industrial Sector, Which Is to Hamper Conveyor Market Growth

The U.S. conveyor and conveying equipment market expanded sharply to $10.8B in 2019, picking up by 5.1% against the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, taxes, and tariffs, which will be included in the final consumer price). The market value increased at an average annual rate of +4.4% over the period from 2013 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Over the last three years, it increased robustly, driven by the rising economy and investment. In physical terms, the market volume reached approx. 1.8M units, rising by +11.9%. 

Conveyors and conveying equipment, as the element of engineering infrastructure, are widely used in various industries and transport facilities. Therefore, the key factor determining the development of the market is the dynamics of the industrial sector, which, in a broader context, reflects the overall GDP growth. 

According to the World Bank outlook from January 2020, the U.S. economy was expected to slow down to +1.7% per year in the medium term, hampered by increasing global uncertainty, trade war, and slower global growth. In early 2020, however, the global economy entered a period of the crisis caused by the COVID-19 epidemic, due to which most countries in the world put on halt production and transport activity. The result will be a drop in GDP relative to previous years and an unprecedented decline in oil prices. 

The U.S. is struggling with a drastic short-term recession, with the expected contraction of GDP of approx. -6.1% in 2020, as the hit of the pandemic was harder than expected, and unemployment soared due to the shutdown and social isolation. 

The industrial sector has proven vulnerable to the pandemic as due to quarantine measures, industrial facilities were paused, and the drop in incomes of the population makes the growth of end markets unfeasible, thereby hampering any expansion of the industrial sector. Tight financial conditions and uncertainty regarding the length of the pandemic and the possible bottom of the related economic drop, as well as high volatility of financial markets, not to mention rising political tensions between the U.S. and China, disrupt capital investments in the immediate term, which is to put a drag on the conveyor market.

In the medium term, should the pandemic outbreak end in the second half of 2020, the economy is to start recovering in 2021 and then return to the gradual growth, driven by the fundamentals existed before 2020 and boosted by support measures imposed by the government.

Taking into account the above, it is expected that in 2020, the consumption of conveyors and conveying equipment will drop by approx. 6%. In the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually, with an anticipated CAGR of +0.2% for the period from 2019 to 2030, which is projected to bring the market volume to 1.8M units by the end of 2030.

Canada and Mexico Remain the Key Foreign Market for Conveyor and Conveying Equipment Exports from the U.S.

In 2019, conveyor and conveying equipment exports amounted to $1.1B (IndexBox estimates) in 2019, decreasing for the second consecutive year. Canada ($383M), Mexico ($194M), and China ($58M) appeared to be the largest markets for conveyor and conveying equipment exported from the U.S. worldwide, together comprising 59% of total exports. Brazil, Chile, India, Italy, Viet Nam, Colombia, Spain, Hong Kong SAR, and Kuwait lagged somewhat behind, together comprising a further 11%.

Viet Nam recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Conveyor and Conveying Equipment Imports into the U.S. Increased Robustly

In value terms, conveyor and conveying equipment imports dropped slightly to $2.4B (IndexBox estimates) in 2019. In general, total imports indicated a strong growth from 2013 to 2019: its value increased at an average annual rate of +28.1% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +56.5% against 2013 indices. The pace of growth was the most pronounced in 2017 when imports increased by 37% year-to-year. Over the period under review, imports reached the maximum at $2.4B in 2018 and then contracted in the following year. 

In value terms, the largest conveyor and conveying equipment suppliers to the U.S. were Canada ($544M), Germany ($352M), and Mexico ($209M), with a combined 47% share of total imports.

Mexico saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Companies Mentioned in the Report

Intelligrated Systems of Ohio, Esco Corporation, Jervis B. Webb Company, Nesco, Superior Industries, United Conveyor Corporation, Grob Systems, Barry-Wehmiller Container Systems, Roach Manufacturing Corporation, Arrowhead Conveyor Corporation, Joy Global Underground Mining, Diversified Conveyors, Western Pneumatics, Joy Global Conveyors, Intralox, Intelligrated Systems, Keneco, Emerging Acquisitions, Translogic Corporation, Fki Logistex Automation, Hillenbrand, Gower Corporation, Continental Global Group, Material Control Inc., Laitram, Intelligrated Systems, Arrowhead Systems, US Test Company 454, Dearborn Mid-West Company

Source: IndexBox Platform

Product coverage:
• NAICS 333922 - Conveyor and conveying equipment manufacturing

This report provides an in-depth analysis of the market for conveyor and conveying equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Intelligrated Systems of Ohio
• Esco Corporation
• Jervis B. Webb Company
• Nesco
• Superior Industries
• United Conveyor Corporation
• Grob Systems
• Barry-Wehmiller Container Systems
• Roach Manufacturing Corporation
• Arrowhead Conveyor Corporation
• Joy Global Underground Mining
• Diversified Conveyors
• Western Pneumatics
• Joy Global Conveyors
• Intralox
• Intelligrated Systems
• Keneco
• Emerging Acquisitions
• Translogic Corporation
• Fki Logistex Automation
• Hillenbrand
• Gower Corporation
• Continental Global Group
• Material Control Inc.
• Laitram
• Intelligrated Systems
• Arrowhead Systems
• US Test Company 454
• Dearborn Mid-West Company

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013-2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2020
Figure 5:
Trade Balance, In Physical Terms, 2013-2020
Figure 6:
Trade Balance, In Value Terms, 2013-2020
Figure 7:
Per Capita Consumption, 2013-2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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