Conveying Equipment Market Forecasts to 2030 - Global Analysis By Product, Material, Mode of Operation, Conveyor Configuration, Application, End User and By Geography

According to Stratistics MRC, the Global Conveying Equipment Market is accounted for $53.15 billion in 2023 and is expected to reach $78.84 billion by 2030 growing at a CAGR of 5.8% during the forecast period. Conveying equipment refers to machinery used to transport materials or goods from one place to another within a facility or between different locations. These systems are vital in industries such as manufacturing, warehousing, and logistics. They streamline production processes, improve efficiency, and reduce manual labor. They can handle diverse materials, from bulk goods to packages, with proper customization.

According to IBEF, the Indian e-commerce market is expected to grow for over 10% of the country's GDP and around 8% of the employment ratio.

Market Dynamics:

Driver:

Growing emphasis on efficiency

Industries increasingly prioritize streamlining operations to improve productivity and reduce costs. Conveying equipment plays a crucial role in this endeavour by optimizing material handling processes, minimizing manual labor, and facilitating faster transportation of goods within facilities. As businesses seek ways to enhance operational efficiency and stay competitive, the demand for advanced conveying equipment continues to rise, driving market growth and encouraging further innovation in the field.

Restraint:

Space constraints

Space constraints in conveying equipment refer to limitations in available area for installation and operation within industrial facilities. These constraints can arise due to the layout of the facility, existing equipment, or limited expansion possibilities. Businesses may face challenges in optimizing material flow, increasing throughput, or adopting larger-scale conveying solutions. They hinder market growth by restricting the implementation of conveying systems or necessitating costly modifications to accommodate them.

Opportunity:

E-commerce growth

With the surge in online shopping, warehouses and distribution centers require efficient systems to handle large volumes of orders and streamline the fulfilment process. Conveying equipment, such as conveyors and sortation systems, plays a critical role in automating material handling tasks, improving throughput, and reducing order processing times. As e-commerce continues to expand, the need for advanced conveying solutions to support the logistics infrastructure grows, thus driving the growth of the conveying equipment market.

Threat:

High initial investments

Conveying equipment often demands high initial investments due to the complexity of design, engineering, and installation. These systems require specialized components, precision manufacturing, and skilled labor for customization and integration into existing facilities. High initial investments also prolong return on investment periods, impacting affordability and adoption rates. Thus, the financial barrier inhibits market growth by restricting access to conveying solutions.

Covid-19 Impact

The covid-19 pandemic has had a mixed impact on the conveying equipment market. Initially, there was a slowdown in demand due to disruptions in manufacturing and construction activities caused by lockdowns and supply chain disruptions. However, as industries adapted to new norms and implemented safety measures, demand for conveying equipment picked up, especially in e-commerce and essential goods sectors. The pandemic also accelerated the adoption of automation and contactless technologies, driving investment in advanced conveying equipment. Overall, the market witnessed fluctuations but showed resilience amidst the challenging circumstances.

The roller conveyors segment is expected to be the largest during the forecast period

The roller conveyors segment is estimated to have a lucrative growth. Roller conveyors are a type of conveying equipment consisting of a series of rollers mounted on a frame. Materials or products placed on the rollers are transported along the conveyor line, driven by gravity or powered mechanisms. Roller conveyors are versatile, capable of handling various types of loads, and can be customized with different roller diameters, spacing and configurations to suit specific applications and requirements, making them essential components of modern material handling systems.

The continuous conveyors segment is expected to have the highest CAGR during the forecast period

The continuous conveyors segment is anticipated to witness the highest CAGR growth during the forecast period. Continuous conveyors operate continuously, transporting materials or goods without interruption along a predefined path. They offer high throughput rates and smooth material flow, enhancing efficiency and productivity in industrial operations. They can be configured with different speed controls, sensors, and automation systems to optimize performance and adapt to changing production demands, ensuring seamless material transportation.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period driven by rapid industrialization, infrastructure development, and increasing investments in manufacturing sectors. Countries like China, India, Japan, and South Korea are major contributors to market expansion. Additionally, government initiatives supporting industrial growth and technological advancements are further propelling the adoption of conveying equipment.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the presence of diverse industries such as manufacturing, logistics, and construction. The United States and Canada are key contributors to market expansion. Moreover, the rise of e-commerce and the need for advanced logistics solutions are driving market growth. Technological innovations such as IoT integration and AI-based systems are further propelling the adoption of conveying equipment in the region, fostering continued market development.

Key players in the market

Some of the key players profiled in the Conveying Equipment Market include Daifuku Corporation, KION Group, Epiroc AB, Siemens AG, Honeywell Intelligrated (IGS), Gericke AG, CESCO Solutions, Beumer Group, FlexLink AB, TGW Logistics Group, Dorner Manufacturing Corporation, Viastore Systems GmbH, Vanderlande Industries, Bastian Solutions, Murata Machinery Limited, Fives Group, Interroll Group and Swisslog Holding AG.

Key Developments:

In February 2024, Process equipment manufacturer Gericke, has added custom vacuum conveyors to its lineup of custom pneumatic conveying systems. With the expanded range of conveying options, the company recommends the ideal pneumatic conveying system for transferring any type of powder, pellet, granule, flake, or other bulk material as required to optimize the performance of each individual installation.

In May 2023, Epiroc launched Deep Automation, the next step in automation solutions for underground material handling. Deep Automation is Epiroc's cutting-edge set of automation systems and applications, used to orchestrate loaders and trucks in underground mining operations. Developed with interoperability in mind, customers can take control of safety zones, production assignments and autonomous traffic in real time - boosting safety, consistency, and productivity.

Products Covered:

• Belt Conveyors
• Roller Conveyors
• Overhead Conveyors
• Pallet Conveyors
• Screw Conveyors
• Vibrating Conveyors
• Chain Conveyors
• Other Products

Materials Covered:

• Stainless Steel
• Aluminum
• Rubber
• Plastic
• Other Materials

Mode of Operations Covered:

• Continuous Conveyors
• Batch Conveyors

Conveyor Configurations Covered:

• Straight
• Curved
• Incline
• Decline
• Spiral

Applications Covered:

• Material Handling
• Sortation
• Assembly
• Distribution
• Packaging
• Loading & Unloading
• Other Applications

End Users Covered:

• Mining
• Automotive
• Food & Beverage
• Pharmaceuticals
• Construction
• Retail & E-commerce
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances