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Conveyor System Market

Conveyor System Market Forecasts to 2028 – Global Analysis By Operation (Manual, Automatic), Load (Unit Load, Bulk Load), Location, Type, Application, End User, and By Geography

4.6 (75 reviews)
Published: June 2022 ID: SMRC21496
4.6 (75 reviews)
Published: June 2022 ID: SMRC21496

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Conveyor System Market is accounted for $8.85 billion in 2021 and is expected to reach $15.17 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Conveyor systems are mechanically-operated handling equipment used to transport materials within premises with a high degree of safety. Conveyor System is one of the most used & preferred equipment all over the world and it can be used in a wide range of applications.

Market Dynamics:

Driver:

Increasing demand for handling larger volumes of products


Mining requires handling larger volumes of products; the conveyor system is popular additionally as an economical resolution for long distances. The increasing popularity of online shopping and buying power of shoppers in developing regions are the key factors that have inspired the expansion of the manufacturing trade. Automation in manufacturing, baggage handling, food & beverages, mining, and varied alternative industries has brought the trade nearer to the zero-defect target.

Restraint:

High cost


The high initial cost is restraining the market growth, as it includes the expenses related to hardware, belt, power source, truss, wire rope, and supports. It is a mechanical system prone to wear, tear, haulage, and errors if not taken care of periodically. It requires systemic repairs and maintenance. Moreover, the maintenance and the operation of these systems such as registration, insurance, and fuel cost, repairs, and tire rotation need additional costs, which restrain the market growth.

Opportunity:

Rising e-commerce industry


E-commerce companies are extremely popular among online shoppers. The conveyor systems are used in the e-commerce industry for various applications such as fast delivery, efficient delivery of parcels, reduced time, and efficient packaging. Digitization in material handling equipment such as automated storage and retrieval systems and automated conveyors has emerged as a comprehensive solution. It has gained popularity among e-commerce companies, helping them handle order fulfillment processes efficiently. This is encouraging the e-commerce industries to adopt conveyor systems. Hence, the increasing e-commerce industry with growing trends of automation for increasing productivity is creating opportunities for the market.

Threat:

Assuring safety and reducing accidents


Conveyor systems can cause injuries if not handled with caution and care. Many accidents have caused severe losses to firms.  Employees or workers who use or encounter conveyor systems should be properly trained to ensure their safety and security. The more complex these systems are, there is a high chance of failure. Continuous breakdowns may negatively impact the life of the conveyor system.  Firms have to be compelled to abide by the norms set by the authority to scale back accidents and increase the security of workers.

The belt conveyor segment is expected to be the largest during the forecast period

The belt conveyor segment is estimated to have a lucrative growth as belt type of conveyors is extensively used in airports as they are easy to install and require little maintenance. With the increasing industrialization and urbanization across the world, especially in developing economies, the demand for conveyor belts in most industrial scenarios has surged dramatically.

The metal & mining segment is expected to have the highest CAGR during the forecast period

The metal & mining segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the continuous demand for minerals and rare earth metals. The demand has encouraged mining equipment companies to offer technologically advanced equipment that helps in performing better mining operations.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to complexities in the supply chain with regard to the transportation and handling of materials in the manufacturing and mining industries. The increasing development of domestic and international airports, expanding tourism industry, and growing population are likely to drive the growth of the conveyor system market for the airport industry in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period owing to the extensive R&D infrastructure, a highly qualified workforce, and complete industry value chain integration. Conveyor system manufacturers in the region have made high investments in research and development for innovating technologies to stay competitive in the market. Moreover, huge demand for packaged food, and other consumer goods, strong governmental initiatives, and ongoing projects will boost the market in the region.

Key players in the market

Some of the key players profiled in the Conveyor System Market include Vanderlande Industries Holding B.V, TGW Logistics Group Gmbh, Dematic Group S.a.r.l, Swisslog Holding AG, Emerson Electric Co, Siemens AG, Murata Machinery Ltd, Kardex AG, Interroll Holding Ltd, Honeywell International Inc, Mesto Corporation, Eisenmann SE, SSI Schäfer AG, Daifuku Co., Ltd, Taikisha Ltd, Fives Group and Continental AG.       

Key Developments:

In Feb 2022, Continental AG launched ContiLoad Sense. The system scans the material and conveyor belt from various angles to determine the position of the load and the belt utilizing 2D radar and ultrasonic technologies. This calculates the volume of goods transported precisely.

In November 2021, Fives Group introduced Hold Baggage Screening (HBS) system. The handling solution includes a conveying system equipped with a baggage carousel for makeup and integrating 2 latest generations of tomographic scanners to process 800 baggage per hour.
 
Operations Covered:
• Manual 
• Semi-Automatic 
• Automatic
 
Components Covered:
• Driving Unit
• Extremity Unit
• Aluminum Profile
 
Belt Types Covered:

• Heavy
• Medium
• Light
 
Loads Covered:
• Unit Load
• Bulk Load
 
Locations Covered:
• On-Floor
• In-Floor
 
Types Covered:

• Crescent Conveyor
• Wheel Conveyor
• Tri-Planar Conveyor
• Belt Conveyor
• Skid Conveyor
• Pallet Conveyor
• Overhead Conveyor
• Floor
• Powdered Roller Conveyor
• Trailer Conveyor
• Cable
• Bucket
• Other Types
 
Applications Covered:
• Textile & Paper
• Mineral
• Engineering Machinery
• E-Commerce and 3PL (3rd Party Logistics)
• Coal
 
End Users Covered:
• Packaging
• Manufacturing
• Chemicals
• Airport
• Food & Beverage
• Supply Chain & Logistics
• Retail & Distribution
• Pharmaceuticals
• Metal & Mining
• Consumer Electronics
• Automotive & Transportation
• Construction
 
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 2020, 2021, 2022, 2025, and 2028
- 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

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 Application Analysis           
 3.7 End User Analysis            
 3.8 Emerging Markets            
 3.9 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 Conveyor System Market, By Operation          
 5.1 Introduction            
 5.2 Manual               
 5.3 Semi-Automatic              
 5.4 Automatic            
               
6 Global Conveyor System Market, By Component          
 6.1 Introduction             
 6.2 Driving Unit            
  6.2.1 Counter-Bearing           
  6.2.2 Electrical Drive           
  6.2.3 Motor Bracket           
 6.3 Extremity Unit            
  6.3.1 Clamping Strap           
  6.3.2 Pulley                
 6.4 Aluminum Profile            
               
7 Global Conveyor System Market, By Belt Type          

 7.1 Introduction            
 7.2 Heavy             
 7.3 Medium             
 7.4 Light             
               
8 Global Conveyor System Market, By Load    
      
 8.1 Introduction            
 8.2 Unit Load             
 8.3 Bulk Load             
               
9 Global Conveyor System Market, By Location          
 9.1 Introduction            
 9.2 On-Floor             
 9.3 In-Floor               
               
10 Global Conveyor System Market, By Type          
 10.1 Introduction            
 10.2 Crescent Conveyor            
 10.3 Wheel Conveyor            
 10.4 Tri-Planar Conveyor            
 10.5 Belt Conveyor            
 10.6 Skid Conveyor            
 10.7 Pallet Conveyor            
 10.8 Overhead Conveyor            
 10.9 Floor              
 10.10 Powdered Roller Conveyor           
 10.11 Trailer Conveyor            
 10.12 Cable             
 10.13 Bucket              
 10.14 Other Types            
  10.14.1 Vertical Conveyors            
  10.14.2 Pneumatic           
  10.14.3 Gravity Conveyor           
  10.14.4 Chain            
               
11 Global Conveyor System Market, By Application           
 11.1 Introduction            
 11.2 Textile & Paper            
 11.3 Mineral              
 11.4 Engineering Machinery            
 11.5 E-Commerce and 3PL (3rd Party Logistics)         
 11.6 Coal             
               
12 Global Conveyor System Market, By End User           
 12.1 Introduction            
 12.2 Packaging            
 12.3 Manufacturing            
 12.4 Chemicals            
 12.5 Airport             
 12.6 Food & Beverage            
  12.6.1 Seasonings & Sauces           
  12.6.2 Poultry & Dairy           
  12.6.3 Meat            
  12.6.4 Confectionery           
  12.6.5 Baked Goods           
 12.7 Supply Chain & Logistics           
 12.8 Retail & Distribution           
 12.9 Pharmaceuticals             
 12.10 Metal & Mining            
 12.11 Consumer Electronics           
 12.12 Automotive & Transportation            
 12.13 Construction             
               
13 Global Conveyor System Market, By Geography          

 13.1 Introduction             
 13.2 North America            
  13.2.1 US            
  13.2.2 Canada            
  13.2.3 Mexico            
 13.3 Europe             
  13.3.1 Germany            
  13.3.2 UK            
  13.3.3 Italy            
  13.3.4 France             
  13.3.5 Spain            
  13.3.6 Rest of Europe           
 13.4 Asia Pacific            
  13.4.1 Japan            
  13.4.2 China            
  13.4.3 India            
  13.4.4 Australia            
  13.4.5 New Zealand           
  13.4.6 South Korea           
  13.4.7 Rest of Asia Pacific           
 13.5 South America            
  13.5.1 Argentina           
  13.5.2 Brazil            
  13.5.3 Chile            
  13.5.4 Rest of South America          
 13.6 Middle East & Africa           
  13.6.1 Saudi Arabia           
  13.6.2 UAE            
  13.6.3 Qatar            
  13.6.4 South Africa           
  13.6.5 Rest of Middle East & Africa          
               
14 Key Developments             
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 14.2 Acquisitions & Mergers           
 14.3 New Product Launch           
 14.4 Expansions            
 14.5 Other Key Strategies           
               
15 Company Profiling              
 15.1 Vanderlande Industries Holding B.V               
 15.2 TGW Logistics Group Gmbh           
 15.3 Dematic Group S.a.r.l            
 15.4 Swisslog Holding AG                
 15.5 Emerson Electric Co            
 15.6 Siemens AG                
 15.7 Murata Machinery Ltd                
 15.8 Kardex AG             
 15.9 Interroll Holding Ltd              
 15.10 Honeywell International Inc             
 15.11 Mesto Corporation            
 15.12 Eisenmann SE             
 15.13 SSI Schäfer AG                 
 15.14 Daifuku Co., Ltd            
 15.15 Taikisha Ltd                  
 15.16 Fives Group            
 15.17 Continental AG            


List of Tables              
1 Global Conveyor System Market Outlook, By Region (2020-2028) ($MN)        
2 Global Conveyor System Market Outlook, By Operation (2020-2028) ($MN)       
3 Global Conveyor System Market Outlook, By Manual (2020-2028) ($MN)        
4 Global Conveyor System Market Outlook, By Semi-Automatic (2020-2028) ($MN)       
5 Global Conveyor System Market Outlook, By Automatic (2020-2028) ($MN)       
6 Global Conveyor System Market Outlook, By Component (2020-2028) ($MN)       
7 Global Conveyor System Market Outlook, By Driving Unit (2020-2028) ($MN)       
8 Global Conveyor System Market Outlook, By Counter-Bearing (2020-2028) ($MN)       
9 Global Conveyor System Market Outlook, By Electrical Drive (2020-2028) ($MN)       
10 Global Conveyor System Market Outlook, By Motor Bracket (2020-2028) ($MN)       
11 Global Conveyor System Market Outlook, By Extremity Unit (2020-2028) ($MN)       
12 Global Conveyor System Market Outlook, By Clamping Strap (2020-2028) ($MN)       
13 Global Conveyor System Market Outlook, By Pulley (2020-2028) ($MN)        
14 Global Conveyor System Market Outlook, By Aluminum Profile (2020-2028) ($MN)       
15 Global Conveyor System Market Outlook, By Belt Type (2020-2028) ($MN)       
16 Global Conveyor System Market Outlook, By Heavy (2020-2028) ($MN)         
17 Global Conveyor System Market Outlook, By Medium (2020-2028) ($MN)        
18 Global Conveyor System Market Outlook, By Light (2020-2028) ($MN)        
19 Global Conveyor System Market Outlook, By Load (2020-2028) ($MN)        
20 Global Conveyor System Market Outlook, By Unit Load (2020-2028) ($MN)       
21 Global Conveyor System Market Outlook, By Bulk Load (2020-2028) ($MN)       
22 Global Conveyor System Market Outlook, By Location (2020-2028) ($MN)        
23 Global Conveyor System Market Outlook, By On-Floor (2020-2028) ($MN)       
24 Global Conveyor System Market Outlook, By In-Floor (2020-2028) ($MN)        
25 Global Conveyor System Market Outlook, By Type (2020-2028) ($MN)        
26 Global Conveyor System Market Outlook, By Crescent Conveyor (2020-2028) ($MN)       
27 Global Conveyor System Market Outlook, By Wheel Conveyor (2020-2028) ($MN)       
28 Global Conveyor System Market Outlook, By Tri-Planar Conveyor (2020-2028) ($MN)      
29 Global Conveyor System Market Outlook, By Belt Conveyor (2020-2028) ($MN)       
30 Global Conveyor System Market Outlook, By Skid Conveyor (2020-2028) ($MN)       
31 Global Conveyor System Market Outlook, By Pallet Conveyor (2020-2028) ($MN)       
32 Global Conveyor System Market Outlook, By Overhead Conveyor (2020-2028) ($MN)      
33 Global Conveyor System Market Outlook, By Floor (2020-2028) ($MN)        
34 Global Conveyor System Market Outlook, By Powdered Roller Conveyor (2020-2028) ($MN)      
35 Global Conveyor System Market Outlook, By Trailer Conveyor (2020-2028) ($MN)       
36 Global Conveyor System Market Outlook, By Cable (2020-2028) ($MN)        
37 Global Conveyor System Market Outlook, By Bucket (2020-2028) ($MN)        
38 Global Conveyor System Market Outlook, By Other Types (2020-2028) ($MN)       
39 Global Conveyor System Market Outlook, By Vertical Conveyors (2020-2028) ($MN)       
40 Global Conveyor System Market Outlook, By Pneumatic (2020-2028) ($MN)       
41 Global Conveyor System Market Outlook, By Gravity Conveyor (2020-2028) ($MN)       
42 Global Conveyor System Market Outlook, By Chain (2020-2028) ($MN)        
43 Global Conveyor System Market Outlook, By Application (2020-2028) ($MN)       
44 Global Conveyor System Market Outlook, By Textile & Paper (2020-2028) ($MN)       
45 Global Conveyor System Market Outlook, By Mineral (2020-2028) ($MN)        
46 Global Conveyor System Market Outlook, By Engineering Machinery (2020-2028) ($MN)      
47 Global Conveyor System Market Outlook, By E-Commerce and 3PL (3rd Party Logistics) (2020-2028) ($MN)    
48 Global Conveyor System Market Outlook, By Coal (2020-2028) ($MN)        
49 Global Conveyor System Market Outlook, By End User (2020-2028) ($MN)       
50 Global Conveyor System Market Outlook, By Packaging (2020-2028) ($MN)       
51 Global Conveyor System Market Outlook, By Manufacturing (2020-2028) ($MN)       
52 Global Conveyor System Market Outlook, By Chemicals (2020-2028) ($MN)       
53 Global Conveyor System Market Outlook, By Airport (2020-2028) ($MN)        
54 Global Conveyor System Market Outlook, By Food & Beverage (2020-2028) ($MN)       
55 Global Conveyor System Market Outlook, By Seasonings & Sauces (2020-2028) ($MN)      
56 Global Conveyor System Market Outlook, By Poultry & Dairy (2020-2028) ($MN)       
57 Global Conveyor System Market Outlook, By Meat (2020-2028) ($MN)        
58 Global Conveyor System Market Outlook, By Confectionery (2020-2028) ($MN)       
59 Global Conveyor System Market Outlook, By Baked Goods (2020-2028) ($MN)       
60 Global Conveyor System Market Outlook, By Supply Chain & Logistics (2020-2028) ($MN)      
61 Global Conveyor System Market Outlook, By Retail & Distribution (2020-2028) ($MN)      
62 Global Conveyor System Market Outlook, By Pharmaceuticals (2020-2028) ($MN)       
63 Global Conveyor System Market Outlook, By Metal & Mining (2020-2028) ($MN)       
64 Global Conveyor System Market Outlook, By Consumer Electronics (2020-2028) ($MN)      
65 Global Conveyor System Market Outlook, By Automotive & Transportation (2020-2028) ($MN)     
66 Global Conveyor System Market Outlook, By Construction (2020-2028) ($MN)       
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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