Warehouse Conveying Equipment Market Research Report: By Product Type (Conveyor Belts, Gravity Conveyors, Roller Conveyors, Chain Conveyors, Diverters and Switches), By Application (Pallet Conveying, Case and Carton Conveying, Unit Load Conveying, Bag and Tote Conveying, Bulk Material Conveying), By End User Industry (Manufacturing, Distribution and Logistics, Food and Beverage, Pharmaceutical, Automotive), By Control System (Manual Control, Semi-Automated Control, Fully Automated Control), By Power Source (Electric, Pneumatic, Hydraulic) a

Global Warehouse Conveying Equipment Market Overview

As per MRFR analysis, the Warehouse Conveying Equipment Market Size was estimated at 19.57 (USD Billion) in 2022. The Warehouse Conveying Equipment Market Industry is expected to grow from 20.85(USD Billion) in 2023 to 36.8 (USD Billion) by 2032. The Warehouse Conveying Equipment Market CAGR (growth rate) is expected to be around 6.51% during the forecast period (2024 - 2032).

Key Warehouse Conveying Equipment Market Trends Highlighted

The Warehouse Conveying Equipment Market showcases promising growth prospects driven by escalating demand for efficient and automated warehouse operations. The increasing adoption of e-commerce and the rise of omnichannel retail have necessitated the need for optimized supply chain management. Warehouse conveying equipment plays a crucial role in streamlining inventory movement, enhancing productivity, and reducing labor costs.

Key market trends include the growing adoption of automated guided vehicles (AGVs) and automated storage and retrieval systems (AS/RS), which offer improved accuracy and efficiency. The integration of IoT and data analytics is also gaining traction, enabling real-time monitoring and optimization of warehouse operations. Additionally, the demand for energy-efficient and sustainable conveying equipment is on the rise, driven by environmental concerns and cost-saving initiatives.

Opportunities for growth lie in the adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML), which can further enhance the efficiency and adaptability of warehouse conveying systems. Customization and tailored solutions to meet specific industry requirements present another opportunity for market players. The increasing focus on safety and ergonomics in warehouse operations is also expected to drive demand for ergonomic and low-noise conveying equipment. By leveraging these trends and opportunities, market participants can position themselves for success in the dynamic global warehouse-conveying equipment market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Warehouse Conveying Equipment Market Drivers

Increasing Demand for Automation in Warehouses

The growing need for efficiency and productivity in warehouses is driving the demand for automated conveying equipment. Automated systems can streamline operations, reduce labor costs, and improve accuracy. This is particularly important in e-commerce fulfillment centers, where there is a high volume of orders to be processed quickly and accurately. Conveying equipment can be used to automate various tasks, such as transporting goods from receiving to storage, picking and packing orders, and shipping them out. By automating these tasks, warehouses can improve their overall efficiency and reduce costs, which can lead to increased profitability.

Growing E-commerce Industry

The rapid growth of the e-commerce industry is a major driver of the warehouse conveying equipment market. E-commerce businesses require efficient and reliable systems to handle the high volume of orders they receive. Conveying equipment can help e-commerce businesses to streamline their operations and improve their shipping times. By automating the movement of goods throughout the warehouse, e-commerce businesses can reduce labor costs and improve their overall efficiency. This can lead to increased sales and profitability.

Rising Labor Costs

The rising cost of labor is another factor driving the demand for warehouse conveying equipment. In many countries, the cost of labor has been increasing steadily in recent years. This is making it more expensive for warehouses to hire and retain workers. Conveying equipment can help warehouses reduce their labor costs by automating tasks that would otherwise be performed by manual labor. This can lead to significant savings over time.

Warehouse Conveying Equipment Market Segment Insights

Warehouse Conveying Equipment Market Product Type Insights  

The Warehouse Conveying Equipment Market segmentation by Product Type comprises Conveyor Belts, Gravity Conveyors, Roller Conveyors, Chain Conveyors, Diverters and Switches. Among these, Conveyor Belts held the largest revenue share in 2023 and is projected to maintain its dominance throughout the forecast period. The growth of the segment can be attributed to the rising demand for efficient and automated material handling solutions in warehouses. Conveyor Belts offer high-speed transportation of goods over long distances, making them suitable for large-scale distribution centers and manufacturing facilities.

Gravity Conveyors, on the other hand, are expected to witness the fastest growth during the forecast period. These conveyors utilize gravity to move goods, making them energy-efficient and cost-effective. The increasing adoption of gravity conveyors in small and medium-sized warehouses is driving the segment's growth. Roller Conveyors are another popular type of Warehouse Conveying Equipment, widely used for short-distance transportation of goods. These conveyors are known for their reliability and durability, making them suitable for various applications. The segment is expected to grow steadily over the forecast period, driven by the demand for efficient and cost-effective material handling solutions.

Chain Conveyors are characterized by their ability to move heavy loads over long distances. These conveyors are typically used in heavy-duty applications, such as in manufacturing plants and distribution centers. The segment is expected to grow at a moderate pace during the forecast period as industries continue to invest in automated material handling systems. Diverters and Switches play a crucial role in warehouse conveying systems, allowing for the redirection and sorting of goods. The segment is expected to witness steady growth over the forecast period, driven by the increasing demand for flexible and efficient material handling solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Warehouse Conveying Equipment Market Application Insights  

The application segment of the Warehouse Conveying Equipment Market is categorized into Pallet Conveying, Case and Carton Conveying, Unit Load Conveying, Bag and Tote Conveying, and Bulk Material Conveying. Among these, Pallet Conveying held the largest market share in 2023, accounting for over 30% of the global revenue. This is attributed to the increasing demand for automated solutions for efficient pallet handling in warehouses. Case and Carton Conveying is expected to witness significant growth during the forecast period due to the rising e-commerce industry and the need for efficient order fulfillment.Unit Load Conveying is gaining traction as it offers a cost-effective and efficient way to move large loads within warehouses. Bag and Tote Conveying and Bulk Material Conveying are expected to grow steadily as they cater to specific industries such as food and beverage, chemicals, and pharmaceuticals. The Warehouse Conveying Equipment Market is expected to reach a value of USD 26.48 billion by 2027, exhibiting a CAGR of 5.6% during the forecast period.

Warehouse Conveying Equipment Market End User Industry Insights  

The end-user industry segment plays a crucial role in shaping the Warehouse Conveying Equipment Market. Key industries driving market growth include Manufacturing, Distribution and Logistics, Food and Beverage, Pharmaceutical, and Automotive. In 2023, the Manufacturing sector held the largest market share, accounting for around 35% of the Warehouse Conveying Equipment Market revenue. The high demand for efficient and automated solutions in manufacturing facilities to streamline production and reduce operational costs is a major factor contributing to this dominance.The Distribution and Logistics industry is expected to witness significant growth over the forecast period due to the increasing need for efficient and reliable logistics solutions to meet the demands of e-commerce and omnichannel retailing. The Food and Beverage, Pharmaceutical, and Automotive industries are also expected to contribute to the market's growth, driven by the need for specialized conveying systems to meet stringent regulatory and quality requirements.

Warehouse Conveying Equipment Market Control System Insights  

Control System Segment Insight and Overview The control system segment of the Warehouse Conveying Equipment Market plays a crucial role in optimizing warehouse operations. It encompasses various levels of automation, from manual to fully automated control systems. Manual Control: The Warehouse Conveying Equipment Market for manual control systems is expected to account for a significant share in 2023. This segment offers a cost-effective solution for warehouses with low throughput and limited automation requirements. However, it requires significant labor and can lead to operational inefficiencies.Semi-Automated Control: The semi-automated control segment is gaining traction due to its ability to enhance productivity while reducing labor costs. These systems integrate automated features, such as programmable logic controllers (PLCs), to optimize conveyor operations and minimize the need for manual intervention. Fully Automated Control: Fully automated control systems represent the most advanced segment in the Warehouse Conveying Equipment Market, with significant growth potential in the coming years. These systems employ sophisticated technologies, such as artificial intelligence (AI) and machine learning (ML), to enable real-time monitoring, predictive maintenance, and autonomous decision-making.By automating complex tasks and minimizing human error, fully automated control systems maximize efficiency and throughput, leading to substantial cost savings and improved operational performance.

Warehouse Conveying Equipment Market Power Source Insights  

The Warehouse Conveying Equipment Market is segmented by Power Sources into Electric, Pneumatic, and Hydraulic. Among these, the Electric segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of the Electric segment can be attributed to the increasing adoption of electric forklifts and other electric material-handling equipment in warehouses. Electric forklifts offer several advantages over their internal combustion engine (ICE) counterparts, such as lower operating costs, reduced emissions, and improved safety.The Pneumatic segment is expected to witness significant growth over the forecast period. Pneumatic conveyors are often used in applications where the product being conveyed is delicate or friable. They are also well-suited for conveying products in dusty or hazardous environments. The Hydraulic segment is expected to account for a smaller share of the Warehouse Conveying Equipment Market over the forecast period. Hydraulic conveyors are typically used in applications where high power and precision are required. They are often used in automated material handling systems.

Warehouse Conveying Equipment Market Regional Insights  

The Warehouse Conveying Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of the North American market is attributed to the increasing adoption of automation and robotics in the warehousing and logistics industry. Additionally, the presence of major e-commerce companies in the region is also driving the demand for warehouse conveying equipment. Europe is the second largest market for warehouse conveying equipment.The growth of the European market is expected to be driven by the increasing demand for efficient and cost-effective warehousing solutions. Additionally, the growing adoption of Industry 4.0 technologies in the region is also expected to drive the demand for warehouse conveying equipment. APAC is expected to be the fastest-growing market for warehouse conveying equipment. The growth of the APAC market is attributed to the rapidly growing e-commerce industry in the region. Additionally, the increasing investment in infrastructure development in the region is also expected to drive the demand for warehouse conveying equipment.South America and MEA are expected to witness moderate growth in the warehouse-conveying equipment market. The growth of these markets is attributed to the increasing adoption of automation and robotics in the warehousing and logistics industry. Additionally, the growing demand for efficient and cost-effective warehousing solutions in these regions is also expected to drive the demand for warehouse conveying equipment.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Warehouse Conveying Equipment Market Key Players And Competitive Insights:

Major players in the Warehouse Conveying Equipment Market are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and entering into strategic partnerships. The Warehouse Conveying Equipment Market industry is characterized by the presence of both global and regional players. Leading Warehouse Conveying Equipment Market players are focusing on developing innovative solutions to meet the evolving needs of customers. The Warehouse Conveying Equipment Market development is driven by factors such as the increasing demand for efficient and cost-effective warehouse operations, the rise of e-commerce, and the growing adoption of automation in the logistics industry. The Warehouse Conveying Equipment Market Competitive Landscape is expected to remain competitive in the coming years, with key players vying for market share through product innovation, strategic acquisitions, and geographical expansion.Daifuku Co., Ltd. is a leading provider of automated material handling solutions for the warehouse and distribution industry. The company offers a wide range of products, including conveyors, sorters, and automated storage and retrieval systems (AS/RS). Daifuku has a global presence, with operations in over 25 countries. The company's focus on innovation and customer service has made it a preferred partner for many leading businesses around the world.Interroll Holding AG is another major player in the Warehouse Conveying Equipment Market. The company designs, manufactures, and markets a wide range of conveying and sorting systems for the logistics industry. Interroll's products are used in a variety of applications, including warehouses, distribution centers, and manufacturing facilities. The company has a strong global presence, with operations in over 50 countries. Interroll's commitment to quality and innovation has made it a trusted partner for many leading businesses around the world.

Key Companies in the Warehouse Conveying Equipment Market Include:

• Toyota Industries


• Interroll Holding


• Nedcon


• TGW Logistics Group


• Mecalux


• Knapp


• Beumer Group


• SSI Schaefer


• Swisslog


• Vanderlande Industries


• Honeywell


• Daifuku


• Kardex


• Bastian Solutions


• Dematic

Warehouse Conveying Equipment Market Industry Developments

The Warehouse Conveying Equipment Market is projected to grow from USD 20.85 billion in 2023 to USD 36.8 billion by 2032, at a CAGR of 6.51%. The growth of the market is attributed to the increasing demand for automation and efficiency in warehouse operations. The Asia Pacific region is expected to be the largest market for warehouse conveying equipment, followed by North America and Europe. In 2023, China is expected to be the largest market for warehouse conveying equipment, followed by the United States and Germany.Recent news developments in the Warehouse Conveying Equipment Market include the launch of new products by key players such as Daifuku Co., Ltd., KION Group, and Toyota Industries Corporation. In 2023, Daifuku Co., Ltd. launched a new series of automated guided vehicles (AGVs) for warehouse operations. The AGVs are designed to improve efficiency and productivity in warehouses by automating the transportation of goods.

Warehouse Conveying Equipment Market Segmentation Insights

• Warehouse Conveying Equipment Market Product Type Outlook
  
  
  
  • Conveyor Belts
  
  
  • Gravity Conveyors
  
  
  • Roller Conveyors
  
  
  • Chain Conveyors
  
  
  • Diverters and Switches
  
  
  
  

• Warehouse Conveying Equipment Market Application Outlook
  
  
  
  • Pallet Conveying
  
  
  • Case and Carton Conveying
  
  
  • Unit Load Conveying
  
  
  • Bag and Tote Conveying
  
  
  • Bulk Material Conveying
  
  
  
  

• Warehouse Conveying Equipment Market End User Industry Outlook
  
  
  
  • Manufacturing
  
  
  • Distribution and Logistics
  
  
  • Food and Beverage
  
  
  • Pharmaceutical
  
  
  • Automotive
  
  
  
  

• Warehouse Conveying Equipment Market Control System Outlook
  
  
  
  • Manual Control
  
  
  • Semi-Automated Control
  
  
  • Fully Automated Control
  
  
  
  

• Warehouse Conveying Equipment Market Power Source Outlook
  
  
  
  • Electric
  
  
  • Pneumatic
  
  
  • Hydraulic
  
  
  
  

• Warehouse Conveying Equipment Market Regional Outlook
  
  
  
  • North America
  
  
  • Europe
  
  
  • South America
  
  
  • Asia Pacific
  
  
  • Middle East and Africa