Conveyor System Report: Trends, Forecast and Competitive Analysis

Conveyor System Trends and Forecast

The future of the global conveyor system market looks promising with opportunities in the aluminium profile, driving unit, and extremity unit markets. The global conveyor system market is expected to reach an estimated $11.7 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are rapidly growing e-commerce industry, rising demand of industrial automation, and introduction of green conveyors.

A more than 150-page report is developed to help in your business decisions.

Conveyor System by Segment

The study includes a forecast for the global conveyor system by type, operation, component, and region

Conveyor System Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Belt
• Roller
• Tri-Planar
• Overhead
• Floor
• Pallet
• Crescent
• Cable
• Bucket
• Others

Conveyor System Market by Operation [Shipment Analysis by Value from 2018 to 2030]:

• Manual
• Semi-automatic
• Automatic

Conveyor System Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Aluminium Profile
• Driving Unit
• Extremity Unit
• Others

Conveyor System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Conveyor System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies conveyor system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the conveyor system companies profiled in this report include-

• Daifuku
• Continental
• Siemens
• Fives Group
• Interroll Holding
• Taikisha
• Swisslog Holding

Conveyor System Market Insights

Lucintel forecasts that belt is expected to witness highest growth over the forecast period due to surge in activities related to exploring natural resources.

Within this market, driving unit will remain the largest segment due to increasing incorporation of automated functionalities into conveyor systems.

APAC will remain the largest region over the forecast period due to rapid industralization and existence of numerous food processing facilities in the region.

Features of the Global Conveyor System Market

Market Size Estimates: Conveyor system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Conveyor system market size by type, operation, component, and region in terms of value ($B).

Regional Analysis: Conveyor system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, operations, components, and regions for the conveyor system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the conveyor system market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the conveyor system market size?

Answer: The global conveyor system market is expected to reach an estimated $11.7 billion by 2030.

Q.2 What is the growth forecast for conveyor system market?

Answer: The global conveyor system market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the conveyor system market?

Answer: The major drivers for this market are rapidly growing e-commerce industry, rising demand of industrial automation, and introduction of green conveyors.

Q4. What are the major segments for conveyor system market?

Answer: The future of the global conveyor system market looks promising with opportunities in the aluminium profile, driving unit, and extremity unit markets.

Q5. Who are the key conveyor system marketcompanies?

Answer: Some of the key conveyor system companies are as follows.

• Daifuku
• Continental
• Siemens
• Fives Group
• Interroll Holding
• Taikisha
• Swisslog Holding

Q6. Which conveyor system market segment will be the largest in future?

Answer: Lucintel Forecast that beltis expected to witness highest growth over the forecast period due to surge in activities related to exploring natural resources.

Q7. In conveyor system market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid industralization and existence of numerous food processing facilities in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the conveyor system market by type (belt, roller, tri-planar, overhead, floor, pallet, crescent, cable, bucket, and others), operation (manual, semi-automatic, and automatic), component (aluminium profile, driving unit, extremity unit, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?