Conveying Equipment Market Size, Share, and Trends 2024 to 2033

The global conveying equipment market size was exhibited at USD 50.21 billion in 2023 and is projected to hit around USD 72.55 billion by 2033, growing at a CAGR of 3.80% from 2024 to 2033.

Key Takeaways

• Asia-Pacific contributed more than 42% of market share in 2023.
• North America is estimated to expand the fastest CAGR between 2024 and 2033.
• By type, the belt segment has held the largest market share of 25% in 2023.
• By type, the roller segment is anticipated to grow at a remarkable CAGR of 5.12% between 2024 and 2033.
• By product, the unit handling segment generated over 47% of the market share in 2023.
• By product, the bulk handling equipment segment is expected to expand at the fastest CAGR over the projected period.
• By application, the warehouse and distribution segment generated over 24% of the market share in 2023.
• By application, the automotive segment is expected to expand at the fastest CAGR over the projected period.

Conveying Equipment Market in the Asia Pacific 2024 to 2033

The Asia Pacific conveying equipment market size was valued at USD 21.09 billion in 2023 and is expected to reach around USD 31.06 billion by 2033, growing at a CAGR of 4% from 2024 to 2033.

Asia-Pacific holds a 42% share in the conveying equipment market due to robust industrialization, burgeoning manufacturing activities, and the rapid expansion of e-commerce. Countries like China and India witness substantial demand for conveying systems across diverse industries, including automotive, electronics, and logistics. The region's economic growth, infrastructure development, and the adoption of advanced technologies contribute to the dominance of Asia-Pacific in the global conveying equipment market, attracting significant investments and fueling market expansion.

North America is poised for swift growth in the conveying equipment market due to a robust manufacturing sector, increased adoption of automation, and a surge in e-commerce activities. The region's emphasis on technological advancements, coupled with the need for efficient material handling in industries such as automotive and logistics, is driving market expansion. Additionally, the focus on sustainability and compliance with stringent safety standards further fuels the demand for advanced conveying solutions, positioning North America as a key growth hub for the industry.

Meanwhile, Europe is experiencing notable growth in the conveying equipment market due to several factors. The region's robust industrial sector, driven by automotive, pharmaceuticals, and logistics, is investing in advanced material handling solutions to enhance efficiency. Additionally, stringent regulations promoting workplace safety and sustainability are encouraging the adoption of modern conveying systems. The rise of e-commerce and the need for streamlined supply chain processes further contribute to the increased demand for conveying equipment in Europe, positioning the region as a significant market for innovative and efficient material handling solutions.

Conveying Equipment Market Overview

Conveying equipment is a diverse set of specialized machinery designed to efficiently move materials within industrial settings. This equipment includes conveyor belts, rollers, screw conveyors, pneumatic systems, and bucket elevators, all aimed at automating the smooth transfer of goods or raw materials. In sectors like manufacturing, mining, agriculture, and logistics, conveying equipment is widely embraced for its ability to minimize manual labor, enhance safety, and optimize operational processes. Businesses enjoy increased efficiency, reduced risk of material damage, and improved overall organization thanks to these systems. Essentially, conveying equipment stands as a crucial element in modern industries, fostering heightened productivity and a more streamlined approach to handling materials.

Conveying Equipment Market Data and Statistics

• According to a study by the International Federation of Robotics, global robot installations in industries rose by 19% in 2020.
• According to the World Bank, global manufacturing output increased by 6.2% in 2021, stimulating the market for conveyor systems.

Growth Factors

• The exponential growth of e-commerce is a key driver for the conveying equipment market. With the surge in online shopping, there is an increased need for efficient material handling systems in warehouses and distribution centers to cope with higher order volumes.
• The ongoing industrialization and infrastructure development in emerging economies contribute to the demand for conveying equipment. As industries expand and modernize, there is a growing requirement for conveyor systems to streamline material flow and enhance operational efficiency.
• Companies worldwide are emphasizing supply chain optimization to reduce costs and enhance productivity. Conveying equipment plays a vital role in achieving these goals by facilitating the seamless movement of goods, leading to increased adoption across industries.
• Continuous advancements in conveying technology, including automation, IoT integration, and advanced sensors, are propelling market growth. These innovations enhance the efficiency, reliability, and adaptability of conveying systems, appealing to industries seeking to stay competitive.
• The expansion of manufacturing activities across diverse sectors, including automotive, food and beverage, and pharmaceuticals, fuels the demand for conveying equipment. As production scales up, there is a corresponding need for conveyors to handle materials at various stages of the manufacturing process.
• Heightened awareness of workplace safety is driving the adoption of conveying equipment. Automated systems reduce the reliance on manual labor for material handling, minimizing the risk of accidents. This emphasis on worker safety is influencing companies to invest in conveyor solutions.

Conveying Equipment Market Scope

Conveying Equipment Market Dynamics

Driver: Global manufacturing growth

• According to the World Bank, global manufacturing output witnessed a notable increase of 6.2% in 2021.

Global manufacturing growth significantly propels the demand for the conveying equipment market as industries expand and modernize their production processes. The surge in manufacturing activities across diverse sectors, including automotive, electronics, and consumer goods, necessitates efficient material handling solutions. Conveying equipment, such as conveyor belts, rollers, and automated systems, becomes integral to seamlessly transporting raw materials and finished products within manufacturing facilities. With heightened production levels worldwide, industries seek to optimize operational workflows and reduce manual labor.

The adoption of Conveying Equipment enhances productivity, minimizes downtime, and contributes to overall cost-efficiency. As global manufacturing experiences an upswing, the conveying equipment market witnesses increased demand, driven by the essential role these systems play in streamlining supply chains, ensuring timely production, and meeting the dynamic needs of a growing industrial landscape.

Restraint: Space constraints

Space constraints present a notable restraint on the market demand for conveying equipment, particularly in industries where available floor space is limited. Manufacturing and warehouse facilities often grapple with spatial challenges, hindering the installation and expansion of conveyor systems. The need to optimize operational layouts and accommodate other essential machinery can limit the feasibility of integrating conveying equipment seamlessly. Businesses operating in confined spaces may find it challenging to deploy conveyor belts or automated systems without disrupting existing workflows or sacrificing valuable floor area.

Furthermore, the space limitations pose obstacles to scalability, restricting the capacity for businesses to expand their conveying infrastructure as production volumes increase. The demand for conveying equipment is thus influenced by the adaptability of systems to spatial constraints, with compact and flexible designs becoming increasingly crucial for industries seeking efficient material handling solutions within confined working environments. Overcoming these challenges requires innovative solutions that maximize the utility of available space while maintaining the integrity and efficiency of conveying processes.

Opportunity: Customization for diverse industries

The trend towards customization in conveying equipment is creating significant opportunities in the market by addressing the unique needs of diverse industries. Different sectors, such as pharmaceuticals, food and beverage, and automotive, have distinct requirements when it comes to material handling. Conveying equipment manufacturers can seize this opportunity by developing tailored solutions that cater to industry-specific challenges.

For example, the pharmaceutical industry may demand conveyor systems with stringent hygiene features, while the automotive sector may require heavy-duty conveyors for transporting large components. Customization allows companies to offer specialized solutions that enhance operational efficiency and meet compliance standards within specific industries.

Furthermore, the ability to adapt conveying systems to the varying spatial constraints and workflows of different industries positions manufacturers as valuable partners. Tailored conveyor solutions not only improve overall productivity but also contribute to cost-effectiveness by addressing the specific demands of each sector. As industries continue to seek optimized and efficient material handling processes, the trend towards customization presents a strategic avenue for conveying equipment providers to differentiate themselves and foster long-term partnerships across diverse markets.

Type Insight

The belt segment generated over 25% of the market share in 2023. In the conveying equipment market, the belt segment refers to conveyors that utilize a continuous loop of material, typically made of rubber or fabric, to transport goods. Belt conveyors are versatile and widely used across various industries for their ability to handle a diverse range of materials. The trend in the belt segment involves the integration of advanced technologies, such as sensors and automation, to enhance efficiency and enable real-time monitoring. This results in increased demand for smart belt conveyors, offering improved control and adaptability in material handling processes.

The roller segment is anticipated to expand at a significant CAGR of 5.12% during the projected period. The roller segment in the conveying equipment market refers to systems that utilize rollers to facilitate the movement of goods along a designated path. These rollers, typically mounted on frames, allow for smooth and controlled material transport. A notable trend in this segment is the increasing adoption of precision-engineered rollers for enhanced durability and efficiency. Industries are opting for advanced roller conveyors to reduce friction, improve load-bearing capacities, and ensure reliable performance, contributing to the overall growth and evolution of the conveying equipment market.

Product Insights

According to the product, the unit handling has held 47% market share in 2023. The unit handling segment in the conveying equipment market involves the transportation of individual items or loads, such as boxes, totes, or cartons. This segment is characterized by solutions like conveyor belts, rollers, and automated systems designed for precise and controlled handling of discrete units. A notable trend in unit handling is the increasing integration of advanced technologies like RFID tracking and automation to enhance accuracy and efficiency in sorting, distribution, and order fulfillment processes, meeting the growing demand for precision and speed in logistics and e-commerce operations.

The bulk handling equipment segment is anticipated to expand fastest over the projected period. The bulk handling equipment segment in the conveying equipment market encompasses machinery designed for the efficient transportation of large quantities of materials, such as grains, minerals, and aggregates. Key trends in this segment include the growing demand for robust and high-capacity conveyor systems to handle bulk materials in industries like mining, agriculture, and construction. Advancements in technology, such as improved conveyor belt materials and enhanced automation for precise material handling, are shaping the evolution of bulk handling equipment in response to industry requirements for increased efficiency and reduced operational costs.

Application Insights

The warehouse and distribution segment has hold a 24% market share in 2023. In the conveying equipment market. The exponential growth of e-commerce and the evolving landscape of supply chain dynamics have thrust warehouse and distribution into the limelight. As consumer expectations for faster deliveries and seamless logistics rise, the need for efficient conveying solutions becomes paramount, positioning this segment as a linchpin in meeting industry demands.

The automotive segment is anticipated to expand fastest over the projected period. In the conveying equipment market, the automotive segment involves the use of conveyor systems to streamline material handling within automotive manufacturing facilities. These systems efficiently transport components, parts, and assemblies along production lines, contributing to increased automation and productivity. A notable trend in the automotive sector is the integration of advanced conveying technologies, such as automated guided vehicles (AGVs) and robotic systems, to enhance precision, speed, and flexibility in assembly processes, reflecting the industry's continuous pursuit of efficiency and innovation.

Recent Developments

• In July 2023, Jungheinrich AG announced plans to construct a new logistics warehouse in Freilassing for Hawle Armaturen GmbH by October 2024. The project includes a comprehensive conveyor system, order picking workstations, five stacker cranes with SPS, and silo steel rack constructions with roof and wall cladding.
• In June 2023, TGW Logistics Group revealed its intention to build a high-performance e-commerce system for SKECHERS USA, Inc., near Shanghai. The automated system, set to be operational in the summer of 2025, features a 13-kilometer network of energy-efficient KingDrive conveyors connecting various components and linking them to the current fulfillment center.
• In April 2023, TGW Logistics Group introduced FullPick, an innovative system enabling food service professionals and retailers to respond rapidly to challenges. FullPick facilitates completely automated mixed pallet picking, loading both pallets and roll cages in a store-friendly manner.
• In October 2022, Daifuku North America Holding Company inaugurated a new manufacturing plant in Boyne City, Michigan, consolidating operations from multiple facilities under the management of Jervis B. Webb Company.
• In June 2022, BEUMER Group acquired full control of FAM Group of Magdeburg, enhancing its portfolio in loading equipment and conveyor systems.
• In April 2021, Siemens launched SINAMICS G115D during the ProMatDX event, a compact and robust drive system designed specifically for horizontal conveyor applications, featuring an integrated drive, motor, and gearbox in one unit, available in motor-mounted and wall-mounted variations.

Conveying Equipment Market Companies

• Daifuku Co., Ltd.
• Siemens AG
• Honeywell Intelligrated
• TGW Logistics Group
• BEUMER Group
• Vanderlande Industries
• Murata Machinery, Ltd.
• Fives Group
• Dematic
• Swisslog Holding AG
• Interroll Group
• Viastore Systems GmbH
• KNAPP AG
• Hytrol Conveyor Company, Inc.
• Jervis B. Webb Company

Segments Covered in the Report

By Type

• Belt
• Roller
• Pallet
• Overhead
• Chain Conveyors
• Others

By Product

• Unit Handling
• Bulk Handling
• Parts & Attachments

By Application

• Food & Beverage
• Warehouse & Distribution
• Automotive
• Airport
• Mining
• Electronics
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa