Conveying Equipment Market Overview
As per MRFR analysis, the Conveying Equipment Market Size was estimated at 98.3 (USD Billion) in 2022. The Conveying Equipment Market Industry is expected to grow from 103.64(USD Billion) in 2023 to 166.85 (USD Billion) by 2032. The Conveying Equipment Market CAGR (growth rate) is expected to be around 5.43% during the forecast period (2024 - 2032).
Key Conveying Equipment Market Trends Highlighted
The increasing emphasis on automation and smart manufacturing to enhance productivity and reduce labor costs is driving demand for conveying equipment in the automotive, food and beverage, and logistics industries. Additionally, the growing adoption of Industry 4.0 is creating opportunities for smart conveyors that can be integrated with other automation systems for improved efficiency and data-driven operations. Emerging markets in Asia-Pacific and Latin America are expected to offer significant growth opportunities for conveying equipment suppliers, driven by rising industrialization and infrastructure development.
The focus on sustainable manufacturing is also creating demand for energy-efficient conveyors that reduce carbon footprint. Recent trends in the conveying equipment market include the increasing use of modular conveyor designs that enable flexibility and customization, as well as the integration of sensors and robotics for enhanced intelligence and automation. The adoption of IoT-enabled conveyors allows for remote monitoring, predictive maintenance, and real-time optimization of conveyor operations.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Conveying Equipment Market Drivers
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Rising Demand for Efficient Material Handling
One of the key drivers accelerating the growth of the Conveying Equipment Market Industry is the increasing need for effective material handling solutions in a variety of industry verticals. With every industry attempting to optimize its operational processes and facilitate more productive activity, advanced conveying systems have become an absolute necessity. By promoting and supporting the efficient movement of materials, those devices are ultimately enhancing the rate of production, reducing expenses spent on labor, and facilitating the safety of work.
Moreover, on account of the rising trend of automation and increasing implementation of the Industry 4.0 paradigm, the demand for advanced conveying systems that would be capable of interacting with other equipment, sharing their data and ensuring real-time monitoring has significantly increased. Currently, conveying equipment incorporates a variety of sensors, signal transmissions and reception, and intricately designed systems of control. By sharing the data gathered via those sensors with robotics operating the equipment, they help ensure that the status of such key factors as the orientation in which the load arrives is maintained. With technology improving consistently, conveyance equipment is likely to experience a growth in demand in multiple industries, including mechanical engineering, logistics, food processing, and pharmaceuticals.
Expanding E-commerce and Logistics Sector
The growth of the e-commerce industry has drastically influenced the Conveying Equipment Market Industry. Nowadays, the rates of online shopping and home delivery skyrocket, which imposes tremendous demands on logistics and distribution systems. In order to support the growing volume of packages and to ensure on-time delivery of the product, specialists of eCommerce, as well as providers of logistics and delivery services, heavily invest in automatic conveying systems. These systems are able to streamline the procedure of order picking, sorting, and shipping, which allows to send parcels rather quicker and with fewer mistakes.
Using automatic guided vehicles and autonomous mobile robots in warehouses and distribution areas results in the further growth of the conveying equipment market. When interconnected, these innovative devices extend the range and the quality of material-move-operations and, as a consequence, contribute to the reduction of expenditures and the drop in customer complaints.
Growing Focus on Sustainability
The conveyor equipment market is affected by some outside factors that influence the whole market or its separate segments. The present-day severe environment pollution because of the carbon dioxide emission tendencies deposits leads manufacturing corporations to develop and introduce a whole array of environment-friendly energy-saving devices. The conveyor equipment manufacturing area has not become an exception; nowadays, a tendency to manufacture so-called green conveyor equipment can be traced. Thus, companies develop energy-saving conveying systems or such that use 120-watt-hours only.
Conveyors manufactured from aluminum and plastics account for 16% of the conveyor equipment market. The speed of green conveyor equipment is 3 inches per second. Also, large-capacity vehicles are provided with solar traction batteries. However, the introduction of green practices not only results from air pollution problems. They become actual owing to the governmental laws that stimulate the screws of specific rules. Governmental regulations concentrate on the reduction of the environmental impact of any production process.
Conveying Equipment Market Segment Insights:
Conveying Equipment Market Conveyor Type Insights
The Conveying Equipment Market is segmented by conveyor type into roller conveyor, belt conveyor, chain conveyor, screw conveyor, and pneumatic conveyor. The belt conveyor segment held the largest market share in 2023, accounting for over 35% of the Conveying Equipment Market revenue. The growth of the belt conveyor segment can be attributed to the increasing demand for belt conveyors in various industries, such as mining, construction, and manufacturing. The roller conveyor segment is expected to grow significantly during the forecast period as it is widely used in the food and beverage, automotive, and packaging industries.
The chain conveyor segment is also projected to grow at a consistent rate as it is used in heavy-duty applications, such as mining and construction. Screw conveyors are mainly used in the food processing and chemical industries, and the segment is expected to grow at a moderate rate. Pneumatic conveyors are used for conveying dry bulk materials and these are expected to grow steadily in the coming years. The Conveying Equipment Market is driven by the rising demand for automation in various industries.
The increasing trend of the establishment of e-commerce businesses is also contributing to the growth of the Conveying Equipment Market, as the e-commerce industry requires efficient and reliable conveying systems for order fulfillment and distribution. The market is expected to grow at a higher rate in all the segments, with the belt conveyor and roller conveyor segments continuing to dominate the Conveying Equipment Market. The increasing trend of the establishment of e-commerce businesses is expected to drive the growth of the Conveying Equipment Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Conveying Equipment Market Capacity Insights
In the Conveying Equipment Market, the Capacity segment can be further segmented into Light-Duty Conveying Equipment, Medium-Duty Conveying Equipment, and Heavy-Duty Conveying Equipment. The Medium-Duty Conveying Equipment segment was the largest in 2023 and is expected to continue dominating the market until the end of 2032. At the same time, the Light-Duty Conveying Equipment segment is projected to exhibit the highest CAGR during this period. Light-Duty Conveying Equipment is in demand for numerous applications in different industries, such as food and beverage, pharmaceutical, and consumer goods. These application areas benefit from relatively small and light loads conveyed in this way and limited space. Additionally, Light-Duty Conveying Equipment tends to be less expensive than heavy- and medium-duty devices, including in purchase and operation.
In 2023, the Light-Duty Conveying Equipment segment accounted for 35% of the global market, and by 2032, it is expected to have a value of USD 58.4 billion due to a 5.8% CAGR. Since Medium-Duty Conveying Equipment is used for conveying loads of intermediate size and weight, it is unsurprising that this segment was the largest and is expected to remain so until the end of the period in question. These systems are commonly used in the manufacturing, warehousing, and distribution sectors. In 2023, they accounted for 45% of the global market, and by 2032, their value is expected to amount to USD 75.6 billion due to a 5.2% CAGR.
Finally, Heavy-Duty Conveying Equipment, used for especially large and heavy loads, is also relevant not only to mining, construction, and power generation but to other applications as well. In 2023, this segment accounted for 20% of the global market, and by the end of the period, its value is expected to be USD 32.8 billion, growing at a CAGR of 5.0%.
Conveying Equipment Market Application Insights
The Conveying Equipment Market is expected to grow from an estimated USD 103.64 billion in 2023 to USD 166.85 billion by 2032, at a CAGR of 5.43%. The market growth is attributed to the increasing demand for automation in various industries and the need to improve efficiency and productivity. The application segment plays a crucial role in the conveying equipment market, with various industries utilizing these systems for diverse purposes. Material handling, packaging, automotive, food and beverage, and pharmaceutical are some of the key application segments.In the material handling segment, conveying equipment is used to move, lift, and sort materials in warehouses, distribution centers, and manufacturing facilities. The increasing demand for efficient supply chain management drives the growth of this segment.
The packaging industry also heavily relies on conveying equipment for automating the packaging process. These systems help package products quickly and efficiently, meeting the growing demand for packaged goods. The automotive industry utilizes conveying equipment to assemble vehicles and transport components within manufacturing plants. The rising production of automobiles globally contributes to the growth of this segment. In the food and beverage industry, conveying equipment is employed to transport raw materials, process ingredients, and package finished products.
The increasing demand for processed foods and beverages fuels the growth of this segment. The pharmaceutical industry leverages conveying equipment for the production and packaging of drugs and medical devices. The stringent regulatory requirements and the need for efficient manufacturing practices drive the growth of this segment.
Conveying Equipment Market Drive System Insights
The Conveying Equipment Market segmentation by Drive Shaft includes Electric Drive, Hydraulic Drive, and Pneumatic Drive. The Electric Drive segment held the largest market share in 2023, and it is expected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing adoption of electric drives in various industries, such as automotive, food, beverage, and manufacturing. Electric drives offer several advantages over other types of drives, such as higher efficiency, lower maintenance costs, and reduced noise levels.
The Hydraulic Drive segment is expected to witness significant growth during the forecast period due to the increasing demand for hydraulic drives in heavy-duty applications, such as mining, construction, and material handling. The Pneumatic Drive segment is expected to grow at a steady pace during the forecast period due to the increasing demand for pneumatic drives in light-duty applications, such as packaging and food processing.
Conveying Equipment Market Automation Level Insights
Automation Level Segment Insight and Overview The Conveying Equipment Market segmentation by automation level includes manual conveying equipment, semi-automated conveying equipment, and automated conveying equipment. The automated conveying equipment segment held the largest market share of around 42.5% in 2023 and is expected to maintain its dominance throughout the forecast period. Growth in this segment can be attributed to the increasing adoption of automation solutions in various industries to enhance efficiency, reduce labor costs, and improve safety.
Automated conveying equipment offers numerous advantages, including reduced product damage, increased productivity, and better inventory management. Moreover, advancements in technology, such as the integration of sensors, robotics, and artificial intelligence (AI), are further driving the adoption of automated conveying systems.
Conveying Equipment Market Regional Insights
The Conveying Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in the coming years, owing to the increasing demand for conveying equipment from industries such as automotive, food, beverage, and manufacturing. The North American market is also expected to witness significant growth, driven by the growing demand for automation and efficiency in the logistics and supply chain sectors.
The European market is expected to remain stable, with a gradual increase in demand for conveying equipment from various industries. South America and MEA are expected to witness steady growth, driven by the increasing demand for infrastructure and industrial development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Conveying Equipment Market Key Players And Competitive Insights:
Key players in the Conveying Equipment Market industry are gradually gaining a competitive edge over others by launching new products and adopting Aeonian strategies. Leading duce in the market of Conveying Equipment Market are frequently serving technological advancements to offer modified products to the underarms of their customers. Leading players such as Daifuku, Siemens, Dematic, and Vanderlande continually analyze the changing trends and adopt winning strategies to increase their share. These large companies utilize economies of scale and higher purchasing power to strengthen their presence in various regions.
The development of Conveying Equipment Market is driven by the growing need for efficient solutions for industrial material handling. The rivalry in this market is governed by several factors, such as price, quality, innovation, availability, and delivery considerations. The Manufacturing Industry, Food Beverage Industry, Pharmaceutical Industry, Life Science Industry, Airports, and Others bestow to the Conveying Equipment Market. The competitive landscape of the Conveying Equipment Market is ruled by a mixed presence of global and regional players in practice.
A leading assist in the Conveying Equipment Market is ThyssenKrupp Industrial Solutions AG. This company has a broad portfolio of conveying systems, including belt conveyors, pipe conveyors, apron conveyors, and screw conveyors. The company has a Starker global presence with manufacturing facilities in Europe, Asia, and the Americas. It serves its customers in the mining, cement, and automotive industries for Continual Growth. ThyssenKrupp Industrial Solutions AG focuses on providing the exact solution that is needed by its customers. The company is bestowing solutions through innovation to its customers.
Key Companies in the Conveying Equipment Market Include:
- ABB Ltd.
- Mitsubishi Electric Corporation
- Intralox, LLC
- Dematic
- Schneider Electric SE
- Fenner PLC
- ThyssenKrupp AG
- SSI Schaefer Group
- Dorner Manufacturing Corporation
- Siemens AG
- Rockwell Automation Inc.
- Vanderlande
- Emerson Electric Co.
- Honeywell International Inc.
- BEUMER Group
Conveying Equipment Market Industry Developments
The Conveying Equipment Market is projected to reach USD 166.85 billion by 2032, exhibiting a CAGR of 5.43% during the forecast period (2024-2032). This growth can be attributed to the increasing demand for efficient material-handling solutions across various industries. The construction sector is a major driver of the market, with the rising demand for conveying equipment for transporting construction materials.
The food and beverage industry is also a significant contributor, driven by the need for automated and efficient conveying systems for food processing and packaging. Technological advancements, such as the integration of IoT and AI, are further expected to drive market growth by enabling real-time monitoring and control of conveying systems. The Asia-Pacific region is anticipated to hold the largest market share due to the presence of numerous manufacturing hubs and rapid industrialization.
Conveying Equipment Market Segmentation Insights
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Conveying Equipment Market Conveyor Type Outlook
- Roller Conveyor
- Belt Conveyor
- Chain Conveyor
- Screw Conveyor
- Pneumatic Conveyor
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Conveying Equipment Market Capacity Outlook
- Light-Duty Conveying Equipment
- Medium-Duty Conveying Equipment
- Heavy-Duty Conveying Equipment
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Conveying Equipment Market Application Outlook
- Material Handling
- Packaging
- Automotive
- Food and Beverage
- Pharmaceutical
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Conveying Equipment Market Drive System Outlook
- Electric Drive
- Hydraulic Drive
- Pneumatic Drive
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Conveying Equipment Market Automation Level Outlook
- Manual Conveying Equipment
- Semi-Automated Conveying Equipment
- Automated Conveying Equipment
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Conveying Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
98.3(USD Billion) |
| Market Size 2023 |
103.64(USD Billion) |
| Market Size 2032 |
166.85(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.43% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
ABB Ltd., Mitsubishi Electric Corporation, Intralox, LLC, Dematic, Schneider Electric SE, Fenner PLC, Thyssenkrupp AG, SSI Schaefer Group, Dorner Manufacturing Corporation, Siemens AG, Rockwell Automation Inc., Vanderlande, Emerson Electric Co., Honeywell International Inc., BEUMER Group |
| Segments Covered |
Conveyor Type, Capacity, Application, Drive System, Automation Level, Regional |
| Key Market Opportunities |
Advanced automation for efficiency Integration with smart technologies Sustainable and eco-friendly solutions Growing ecommerce and retail sectors Expansion into emerging markets |
| Key Market Dynamics |
Rising demand for automation in manufacturing and logistics Increasing adoption of advanced conveyor technologies Growing focus on improving efficiency and productivity Expansion of ecommerce and retail sectors Growing awareness of environmental regulations |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Conveying Equipment Market is expected to reach a valuation of 103.64 Billion USD in 2023.
The Conveying Equipment Market is projected to register a CAGR of 5.43% from 2024 to 2032.
The Asia-Pacific region is expected to be the largest market for conveying equipment, followed by North America and Europe.
Conveying equipment is used in a wide range of industries, including manufacturing, mining, and agriculture. It is used to transport materials from one place to another and can be used for both bulk and unit loads.
Some of the key competitors in the Conveying Equipment Market include Siemens, ABB, and Sandvik.
The growth of the Conveying Equipment Market is being driven by the increasing demand for automation and efficiency in various industries.
The Conveying Equipment Market is facing challenges such as the rising cost of raw materials and the increasing competition from alternative technologies.
The Conveying Equipment Market is expected to benefit from the growing demand for automation and efficiency in various industries.
The future of the Conveying Equipment Market will be shaped by factors such as the increasing adoption of automation and the development of new technologies.
Businesses operating in the Conveying Equipment Market should focus on innovation and developing new technologies to meet the changing needs of customers.
