- Bulk Handling Equipment
- Unit Handling Equipment
- Parts & Attachments
The global conveying equipment market size was valued at USD 54.5 billion in 2023 and is poised to grow at 3.6% CAGR over the forecast years to reach USD 69.8 billion by 2030. A conveyor system is a part of mechanical handling equipment that is predominantly utilized to transport bulk or heavy materials across the facilities. It consists of a belt that is stretched across two or more pulleys. This equipment includes conveyors, sortation systems, palletizers, and various types of handling systems used in industries such as manufacturing, mining, food processing, logistics, and others. Growing dependence on machines with automated systems, leading to a reduction in production time and increasing efficiency, is expected to have a positive impact on the overall conveying equipment industry.
Additionally, the growing trend towards electric vehicles and advancements in smart manufacturing will augment the need for innovative conveying equipment. Furthermore, the adoption of Industry 4.0 practices, and the booming e-commerce industry will also augment the conveying equipment market outlook. The complexity and sophistication of conveying systems leading to the growing demand for skilled technicians and operators may restrict the market expansion. Moreover, the challenges faced by multiple companies in adopting new technologies and fully utilizing the potential of conveying equipment will limit the overall market growth.
Conveying Equipment Market Key Developments:
- In July 2023, Jungheinrich AG disclosed that by October 2024, it would be building a new logistics warehouse in Freilassing for Hawle Armaturen GmbH. The scope of delivery from Jungheinrich AG includes a full conveyor system featuring order-picking workstations, five stacker cranes with SPS, and silo steel rack constructions with roof and wall cladding.
- In June 2023, TGW Logistics Group announced that it would be building a high-performance e-commerce system for SKECHERS USA, Inc., a manufacturer of premium-quality shoes, about 50 km north of Shanghai. The automated system is expected to go active in the summer of 2025.
Conveying Equipment Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
3.6%
Largest Market
North America
Fastest Growing Market
Asia Pacific
Conveying Equipment Market Dynamics
The surge in e-commerce and Industry 4.0 is reshaping traditional supply chains, prompting companies to adopt advanced technologies and automation for material handling, tracking, and storage. Manufacturers, wholesalers, and logistics firms are establishing fulfillment centers and maximizing warehouse space. The demand for intelligent mechanical handling equipment is driven by the automation of manufacturing processes. Furthermore, the growth of e-commerce has significantly boosted material handling activities at distribution centers and warehouses, ensuring a seamless flow of goods from production facilities. For instance, in December 2020, Amazon announced plans to build two fulfillment centers in San Antonio, leading to increased adoption of conveyor systems. Ongoing developments in conveying technology, such as automation, integration of IoT, and advanced sensor systems, are driving the growth of the market. These advancements improve the efficiency, reliability, and flexibility of conveying systems, making them attractive to industries striving to maintain competitiveness. The increasing manufacturing activities in sectors like automotive, food and beverage, and pharmaceuticals are driving the demand for conveying equipment. As production volumes rise, there is a corresponding requirement for conveyors to manage materials at different stages of the manufacturing cycle.
North-America Got Significant Share of
Conveying Equipment Market Regional Analysis
Based on regions the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America's conveying equipment market is characterized by a highly developed industrial base and advanced engineering capabilities. Further, owing to increasing governmental norms and standards is expected to continue over the forecast period. A major opportunity exists for conveying equipment concerning technology, as the market can innovate better products to facilitate customized needs. In, Asia-Pacific, the rapid industrialization, growing food processing & automotive industries, and increasing investments in infrastructure and technology drive the demand for conveying equipment. Countries like China, Japan, and India are leading contributors to the growth of the manufacturing sector in the region, with a strong presence in automotive manufacturing, food & beverage, and warehouse & distribution sectors.
Latin America
Europe
Asia Pacific
Middle East
North America
Conveying Equipment Market Segmentation
By Product Type
By Industry
- Retail & Distribution
- Food & Beverage
- Automotive
- Electronic
- Mining, & Airport
Frequently Asked Questions
The global conveying equipment market size was valued at USD 54.5 billion in 2023 and is projected to grow at 3.6% CAGR over the forecast years to reach USD 69.8 billion by 2030.
North America accounts for the highest rate of growth in the conveying equipment market.
The major players in the conveying equipment market are Daifuku Co., Ltd., BEUMER Group, Fives Group, FlexLink, Jungheinrich AG, Kardex, Kion Group AG, KUKA AG, Murata Machinery, Ltd., Phoenix Conveyor Belt Systems, Siemens, TGW Logistics Group, Continental AG, and Emerson Electric Co.
The key drivers for the conveying equipment market include increasing automation in industries, integration of IoT and advanced sensors for enhanced efficiency and reliability, and expanding manufacturing activities across various sectors necessitating efficient material handling solutions.
The growth of the global conveying equipment market faces restraints such as high initial investment costs for advanced automation systems, challenges in integrating new technologies with existing infrastructure, and concerns regarding the maintenance and downtime of complex conveyor systems.
Key Features of the Report
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
| 1.Executive Summary |
| 2.Global Conveying Equipment Market Introduction |
| 2.1.Global Conveying Equipment Market - Taxonomy |
| 2.2.Global Conveying Equipment Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Industry |
| 2.2.3.Region |
| 3.Global Conveying Equipment Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Conveying Equipment Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Conveying Equipment Market By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Bulk Handling Equipment |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Unit Handling Equipment |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Parts & Attachments |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6.Global Conveying Equipment Market By Industry, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Retail & Distribution |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Food & Beverage |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Automotive |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Electronic |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Mining, & Airport |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7.Global Conveying Equipment Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Conveying Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Bulk Handling Equipment |
| 8.1.2.Unit Handling Equipment |
| 8.1.3.Parts & Attachments |
| 8.2. Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Retail & Distribution |
| 8.2.2.Food & Beverage |
| 8.2.3.Automotive |
| 8.2.4.Electronic |
| 8.2.5.Mining, & Airport |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Conveying Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Bulk Handling Equipment |
| 9.1.2.Unit Handling Equipment |
| 9.1.3.Parts & Attachments |
| 9.2. Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Retail & Distribution |
| 9.2.2.Food & Beverage |
| 9.2.3.Automotive |
| 9.2.4.Electronic |
| 9.2.5.Mining, & Airport |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Conveying Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Bulk Handling Equipment |
| 10.1.2.Unit Handling Equipment |
| 10.1.3.Parts & Attachments |
| 10.2. Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Retail & Distribution |
| 10.2.2.Food & Beverage |
| 10.2.3.Automotive |
| 10.2.4.Electronic |
| 10.2.5.Mining, & Airport |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Conveying Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Bulk Handling Equipment |
| 11.1.2.Unit Handling Equipment |
| 11.1.3.Parts & Attachments |
| 11.2. Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Retail & Distribution |
| 11.2.2.Food & Beverage |
| 11.2.3.Automotive |
| 11.2.4.Electronic |
| 11.2.5.Mining, & Airport |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Conveying Equipment Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Bulk Handling Equipment |
| 12.1.2.Unit Handling Equipment |
| 12.1.3.Parts & Attachments |
| 12.2. Industry Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Retail & Distribution |
| 12.2.2.Food & Beverage |
| 12.2.3.Automotive |
| 12.2.4.Electronic |
| 12.2.5.Mining, & Airport |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Daifuku Co., Ltd. |
| 13.2.2.BEUMER Group |
| 13.2.3.Fives Group |
| 13.2.4.FlexLink |
| 13.2.5.Jungheinrich AG |
| 13.2.6.Kardex |
| 13.2.7.Kion Group AG |
| 13.2.8.KUKA AG |
| 13.2.9.Murata Machinery, Ltd. |
| 13.2.10.Phoenix Conveyor Belt Systems |
| 13.2.11.Siemens |
| 13.2.12.TGW Logistics Group |
| 13.2.13.Continental AG |
| 13.2.14.Emerson Electric Co. |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
- Daifuku Co., Ltd.
- BEUMER Group
- Fives Group
- FlexLink
- Jungheinrich AG
- Kardex
- Kion Group AG
- KUKA AG
- Murata Machinery, Ltd.
- Phoenix Conveyor Belt Systems
- Siemens
- TGW Logistics Group
- Continental AG
- Emerson Electric Co.