Conveying Equipment Market
Conveying Equipment Market Forecasts to 2030 - Global Analysis By Product (Belt Conveyors, Roller Conveyors, Overhead Conveyors, Pallet Conveyors, Screw Conveyors, Vibrating Conveyors, Chain Conveyors and Other Products), Material, Mode of Operation, Conveyor Configuration, Application, End User and By Geography
According to Stratistics MRC, the Global Conveying Equipment Market is accounted for $53.15 billion in 2023 and is expected to reach $78.84 billion by 2030 growing at a CAGR of 5.8% during the forecast period. Conveying equipment refers to machinery used to transport materials or goods from one place to another within a facility or between different locations. These systems are vital in industries such as manufacturing, warehousing, and logistics. They streamline production processes, improve efficiency, and reduce manual labor. They can handle diverse materials, from bulk goods to packages, with proper customization.
According to IBEF, the Indian e-commerce market is expected to grow for over 10% of the country's GDP and around 8% of the employment ratio.
Market Dynamics:
Driver:
Growing emphasis on efficiency
Industries increasingly prioritize streamlining operations to improve productivity and reduce costs. Conveying equipment plays a crucial role in this endeavour by optimizing material handling processes, minimizing manual labor, and facilitating faster transportation of goods within facilities. As businesses seek ways to enhance operational efficiency and stay competitive, the demand for advanced conveying equipment continues to rise, driving market growth and encouraging further innovation in the field.
Restraint:
Space constraints
Space constraints in conveying equipment refer to limitations in available area for installation and operation within industrial facilities. These constraints can arise due to the layout of the facility, existing equipment, or limited expansion possibilities. Businesses may face challenges in optimizing material flow, increasing throughput, or adopting larger-scale conveying solutions. They hinder market growth by restricting the implementation of conveying systems or necessitating costly modifications to accommodate them.
Opportunity:
E-commerce growth
With the surge in online shopping, warehouses and distribution centers require efficient systems to handle large volumes of orders and streamline the fulfilment process. Conveying equipment, such as conveyors and sortation systems, plays a critical role in automating material handling tasks, improving throughput, and reducing order processing times. As e-commerce continues to expand, the need for advanced conveying solutions to support the logistics infrastructure grows, thus driving the growth of the conveying equipment market.
Threat:
High initial investments
Conveying equipment often demands high initial investments due to the complexity of design, engineering, and installation. These systems require specialized components, precision manufacturing, and skilled labor for customization and integration into existing facilities. High initial investments also prolong return on investment periods, impacting affordability and adoption rates. Thus, the financial barrier inhibits market growth by restricting access to conveying solutions.
Covid-19 Impact
The covid-19 pandemic has had a mixed impact on the conveying equipment market. Initially, there was a slowdown in demand due to disruptions in manufacturing and construction activities caused by lockdowns and supply chain disruptions. However, as industries adapted to new norms and implemented safety measures, demand for conveying equipment picked up, especially in e-commerce and essential goods sectors. The pandemic also accelerated the adoption of automation and contactless technologies, driving investment in advanced conveying equipment. Overall, the market witnessed fluctuations but showed resilience amidst the challenging circumstances.
The roller conveyors segment is expected to be the largest during the forecast period
The roller conveyors segment is estimated to have a lucrative growth. Roller conveyors are a type of conveying equipment consisting of a series of rollers mounted on a frame. Materials or products placed on the rollers are transported along the conveyor line, driven by gravity or powered mechanisms. Roller conveyors are versatile, capable of handling various types of loads, and can be customized with different roller diameters, spacing and configurations to suit specific applications and requirements, making them essential components of modern material handling systems.
The continuous conveyors segment is expected to have the highest CAGR during the forecast period
The continuous conveyors segment is anticipated to witness the highest CAGR growth during the forecast period. Continuous conveyors operate continuously, transporting materials or goods without interruption along a predefined path. They offer high throughput rates and smooth material flow, enhancing efficiency and productivity in industrial operations. They can be configured with different speed controls, sensors, and automation systems to optimize performance and adapt to changing production demands, ensuring seamless material transportation.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period driven by rapid industrialization, infrastructure development, and increasing investments in manufacturing sectors. Countries like China, India, Japan, and South Korea are major contributors to market expansion. Additionally, government initiatives supporting industrial growth and technological advancements are further propelling the adoption of conveying equipment.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the presence of diverse industries such as manufacturing, logistics, and construction. The United States and Canada are key contributors to market expansion. Moreover, the rise of e-commerce and the need for advanced logistics solutions are driving market growth. Technological innovations such as IoT integration and AI-based systems are further propelling the adoption of conveying equipment in the region, fostering continued market development.
Key players in the market
Some of the key players profiled in the Conveying Equipment Market include Daifuku Corporation, KION Group, Epiroc AB, Siemens AG, Honeywell Intelligrated (IGS), Gericke AG, CESCO Solutions, Beumer Group, FlexLink AB, TGW Logistics Group, Dorner Manufacturing Corporation, Viastore Systems GmbH, Vanderlande Industries, Bastian Solutions, Murata Machinery Limited, Fives Group, Interroll Group and Swisslog Holding AG.
Key Developments:
In February 2024, Process equipment manufacturer Gericke, has added custom vacuum conveyors to its lineup of custom pneumatic conveying systems. With the expanded range of conveying options, the company recommends the ideal pneumatic conveying system for transferring any type of powder, pellet, granule, flake, or other bulk material as required to optimize the performance of each individual installation.
In May 2023, Epiroc launched Deep Automation, the next step in automation solutions for underground material handling. Deep Automation is Epiroc’s cutting-edge set of automation systems and applications, used to orchestrate loaders and trucks in underground mining operations. Developed with interoperability in mind, customers can take control of safety zones, production assignments and autonomous traffic in real time – boosting safety, consistency, and productivity.
Products Covered:
• Belt Conveyors
• Roller Conveyors
• Overhead Conveyors
• Pallet Conveyors
• Screw Conveyors
• Vibrating Conveyors
• Chain Conveyors
• Other Products
Materials Covered:
• Stainless Steel
• Aluminum
• Rubber
• Plastic
• Other Materials
Mode of Operations Covered:
• Continuous Conveyors
• Batch Conveyors
Conveyor Configurations Covered:
• Straight
• Curved
• Incline
• Decline
• Spiral
Applications Covered:
• Material Handling
• Sortation
• Assembly
• Distribution
• Packaging
• Loading & Unloading
• Other Applications
End Users Covered:
• Mining
• Automotive
• Food & Beverage
• Pharmaceuticals
• Construction
• Retail & E-commerce
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Conveying Equipment Market, By Product
5.1 Introduction
5.2 Belt Conveyors
5.3 Roller Conveyors
5.4 Overhead Conveyors
5.5 Pallet Conveyors
5.6 Screw Conveyors
5.7 Vibrating Conveyors
5.8 Chain Conveyors
5.9 Other Products
6 Global Conveying Equipment Market, By Material
6.1 Introduction
6.2 Stainless Steel
6.3 Aluminum
6.4 Rubber
6.5 Plastic
6.6 Other Materials
7 Global Conveying Equipment Market, By Mode of Operation
7.1 Introduction
7.2 Continuous Conveyors
7.3 Batch Conveyors
8 Global Conveying Equipment Market, By Conveyor Configuration
8.1 Introduction
8.2 Straight
8.3 Curved
8.4 Incline
8.5 Decline
8.6 Spiral
9 Global Conveying Equipment Market, By Application
9.1 Introduction
9.2 Material Handling
9.3 Sortation
9.4 Assembly
9.5 Distribution
9.6 Packaging
9.7 Loading & Unloading
9.8 Other Applications
10 Global Conveying Equipment Market, By End User
10.1 Introduction
10.2 Mining
10.3 Automotive
10.4 Food & Beverage
10.5 Pharmaceuticals
10.6 Construction
10.7 Retail & E-commerce
10.8 Other End Users
11 Global Conveying Equipment Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Daifuku Corporation
13.2 KION Group
13.3 Epiroc AB
13.4 Siemens AG
13.5 Honeywell Intelligrated (IGS)
13.6 Gericke AG
13.7 CESCO Solutions
13.8 Beumer Group
13.9 FlexLink AB
13.10 TGW Logistics Group
13.11 Dorner Manufacturing Corporation
13.12 Viastore Systems GmbH
13.13 Vanderlande Industries
13.14 Bastian Solutions
13.15 Murata Machinery Limited
13.16 Fives Group
13.17 Interroll Group
13.18 Swisslog Holding AG
List of Tables
1 Global Conveying Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Conveying Equipment Market Outlook, By Product (2021-2030) ($MN)
3 Global Conveying Equipment Market Outlook, By Belt Conveyors (2021-2030) ($MN)
4 Global Conveying Equipment Market Outlook, By Roller Conveyors (2021-2030) ($MN)
5 Global Conveying Equipment Market Outlook, By Overhead Conveyors (2021-2030) ($MN)
6 Global Conveying Equipment Market Outlook, By Pallet Conveyors (2021-2030) ($MN)
7 Global Conveying Equipment Market Outlook, By Screw Conveyors (2021-2030) ($MN)
8 Global Conveying Equipment Market Outlook, By Vibrating Conveyors (2021-2030) ($MN)
9 Global Conveying Equipment Market Outlook, By Chain Conveyors (2021-2030) ($MN)
10 Global Conveying Equipment Market Outlook, By Other Products (2021-2030) ($MN)
11 Global Conveying Equipment Market Outlook, By Material (2021-2030) ($MN)
12 Global Conveying Equipment Market Outlook, By Stainless Steel (2021-2030) ($MN)
13 Global Conveying Equipment Market Outlook, By Aluminum (2021-2030) ($MN)
14 Global Conveying Equipment Market Outlook, By Rubber (2021-2030) ($MN)
15 Global Conveying Equipment Market Outlook, By Plastic (2021-2030) ($MN)
16 Global Conveying Equipment Market Outlook, By Other Materials (2021-2030) ($MN)
17 Global Conveying Equipment Market Outlook, By Mode of Operation (2021-2030) ($MN)
18 Global Conveying Equipment Market Outlook, By Continuous Conveyors (2021-2030) ($MN)
19 Global Conveying Equipment Market Outlook, By Batch Conveyors (2021-2030) ($MN)
20 Global Conveying Equipment Market Outlook, By Conveyor Configuration (2021-2030) ($MN)
21 Global Conveying Equipment Market Outlook, By Straight (2021-2030) ($MN)
22 Global Conveying Equipment Market Outlook, By Curved (2021-2030) ($MN)
23 Global Conveying Equipment Market Outlook, By Incline (2021-2030) ($MN)
24 Global Conveying Equipment Market Outlook, By Decline (2021-2030) ($MN)
25 Global Conveying Equipment Market Outlook, By Spiral (2021-2030) ($MN)
26 Global Conveying Equipment Market Outlook, By Application (2021-2030) ($MN)
27 Global Conveying Equipment Market Outlook, By Material Handling (2021-2030) ($MN)
28 Global Conveying Equipment Market Outlook, By Sortation (2021-2030) ($MN)
29 Global Conveying Equipment Market Outlook, By Assembly (2021-2030) ($MN)
30 Global Conveying Equipment Market Outlook, By Distribution (2021-2030) ($MN)
31 Global Conveying Equipment Market Outlook, By Packaging (2021-2030) ($MN)
32 Global Conveying Equipment Market Outlook, By Loading & Unloading (2021-2030) ($MN)
33 Global Conveying Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
34 Global Conveying Equipment Market Outlook, By End User (2021-2030) ($MN)
35 Global Conveying Equipment Market Outlook, By Mining (2021-2030) ($MN)
36 Global Conveying Equipment Market Outlook, By Automotive (2021-2030) ($MN)
37 Global Conveying Equipment Market Outlook, By Food & Beverage (2021-2030) ($MN)
38 Global Conveying Equipment Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
39 Global Conveying Equipment Market Outlook, By Construction (2021-2030) ($MN)
40 Global Conveying Equipment Market Outlook, By Retail & E-commerce (2021-2030) ($MN)
41 Global Conveying Equipment Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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