Conveying Equipment Market Size - By Product (Bulk Handling Equipment, Unit Handling Equipment, Parts & Attachments), By Application (Durable Manufacturing, Food & Beverage, General Merchandise, Transportation, Warehouse & Distribution) & Forecast, 2023 - 2032

Conveying Equipment Market Size - By Product (Bulk Handling Equipment, Unit Handling Equipment, Parts & Attachments), By Application (Durable Manufacturing, Food & Beverage, General Merchandise, Transportation, Warehouse & Distribution) & Forecast, 2023 - 2032

Conveying Equipment Market Size

Conveying Equipment Market size is anticipated to grow at a CAGR of over 5% CAGR between 2023 and 2032, owing to the strong global outlook on automotive production.

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The rapid expansion of the automotive industry has led to the growing demand for efficient material handling solutions to support manufacturing processes. Conveying equipment plays a crucial role in automating assembly lines for ensuring smooth movement of components and reducing production lead times. With rising advancements in conveyor technology, several automotive manufacturers can achieve higher productivity, reduce production costs, and maintain quality standards. Additionally, the growing trend towards electric vehicles and advancements in smart manufacturing will augment the need for innovative conveying equipment.
 

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Conveying Equipment Industry Growth Drivers and Restraints

The increasing adoption of automation and Industry 4.0 practices in manufacturing and logistics will fuel the demand for advanced conveying equipment for facilitating seamless material handling and integration with other smart technologies. The booming e-commerce industry will also augment the conveying equipment market outlook. The complexity and sophistication of conveying systems leading to the growing demand for skilled technicians and operators may restrict the market expansion. Moreover, the challenges faced by multiple companies in adopting new technologies and fully utilizing the potential of conveying equipment will limit the overall market growth.

COVID-19 Impact

The COVID-19 pandemic had mixed impact on the demand and supply of conveying equipment. During the initial phases, the industry experienced disruptions in supply chains and manufacturing activities due to lockdowns and restrictions. Despite the challenges, the pandemic acted as a catalyst for innovations and automation in the devices, fostering its resilience and long-term growth prospects. As e-commerce and logistics emerged as essential services, companies in the e-commerce sector rapidly adopted conveying equipment to meet the increased order volumes while maintaining contactless operations, propelling the adoption of conveying equipment.

Conveying Equipment Market Trends

The growing emphasis of various industries on enhanced efficiency and automation in material handling processes made way for the rising demand for technologically advanced conveyor systems to offer features, such as IoT integration, smart sensors, automated sorting, and real-time tracking for seamless and streamlined operations. These modern solutions improve productivity, reduce manual labor, minimize errors, and optimize overall logistics. Hence, the rising trend toward more sophisticated conveyors will drive the market expansion.

Conveying Equipment Market Analysis

Bulk handling conveying equipment market observed considerable growth in 2022 and is estimated to gain significant traction between 2023 and 2032. The segment growth is attributed to the extensive usage of bulk handling conveying equipment to unload, load, store, and reclaim bulk materials, such as cement, chemicals, and coal, among others. The increasing demand for raw materials and the robust expansion of infrastructure projects along with the subsequent need for effective bulk-handling solutions will boost the market revenue.

Conveying equipment market from the durable manufacturing application segment is set to record substantial share by 2032. The availability of advanced conveyors is enabling the seamless movement of raw materials, work-in-progress items, and finished goods along assembly lines, promoting smooth workflows. The increasing rate of automation in manufacturing had led to the growing need for conveyor systems that can integrate with other production equipment for streamlined operations. Additionally, the rising focus on lean manufacturing practices and just-in-time delivery will fuel the demand for efficient conveying equipment, propelling the segment growth.

Asia Pacific holds over 35% share of the global conveying equipment market and is poised to expand at notable growth rate from 2023 to 2032. The increasing popularity of online shopping and the rapid expansion of e-commerce companies has surged the need for efficient and automated material handling systems. Furthermore, with the presence of fast-growing economies such as, China and India, several market players are looking at expanding the intralogistics automation sector, further augmenting the market outlook.

Conveying Equipment Market Share

The competitive landscape of the conveying equipment market incudes leading companies such as,

• Murata Machinery, Ltd.
• Mecalux S.A.
• Taikisha Global
• Jungheinrich AG
• Daifuku Co., Ltd.
• Fives Group
• Fenner Group Holdings Ltd.
• TGW Logistics Group GmbH
• Flexlink
• Intelligrated, Inc.
• Kardex Group
• Kion Group AG
• Beumer Group GmbH & Co.
• Phoenix Conveyor Belt Systems
• KUKA AG
• SSI Schaefer Group
• Viastore Systems, Inc.
• Toyota Industries Corporation

Conveying Equipment Industry News

• In May 2022, BEUMER Group acquired Magdeburg-based FAM GmbH, a supplier of conveying systems and loading technology to significantly boost its market position in the big equipment industry.
• In August 2021, Siemens Logistics expanded its line of high-performance baggage handling systems with the introduction of VarioBelt TilterPlus belt conveyor to offer unprecedented tilting mechanism for efficient luggage transit at airports.

This market research report on conveying equipment includes in-depth coverage of the industry with estimates & forecast in terms of volume in million tons & revenue in USD million from 2023 to 2032, for the following segments

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By Product

• Bulk handling equipment
• Unit handling equipment
• Parts & accessories

 By Application

• Durable manufacturing
• Food & beverage
• General merchandise
• Mining & construction
• Transportation
• Warehouse & distribution

By Region

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Russia
  • Netherlands
• Asia pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile
  • Colombia
  • Peru
• Middle East & Africa
  • South Africa
  • GCC