Conveying Equipment Market To Reach $67.82 Billion By 2030

October 2023 | Report Format: Electronic (PDF)

Conveying Equipment Market Growth & Trends

The global conveying equipment market size is expected to reach USD 67.82 billion by 2030, registering a CAGR of 3.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of this market can be attributed to the rising demand for highly efficient material handling systems in food & beverage, automotive, and warehouse and distribution industries.

Conveying equipment is used as a goods carrier application in numerous industries including food and beverage, mining, automotive, airports, and electronics, among others. Conveyors can be designed to handle material of any shape and size. The major benefit offered by conveying equipment comprises low cost, higher productivity, and increased operational efficiency.

The demand for warehouses is rising owing to the significant growth of e-commerce, supermarkets, and online retailers, which, in turn, projected to have a positive impact on the market over the forecast period. Furthermore, the expansion of airports and the development of new airports especially in the Asia Pacific and North America projected to drive the market during the forecast period.

The global conveying market is highly competitive in nature. Key players are adopting various strategies including technological developments, merger & acquisitions, partnership, and capacity expansion in order to gain competitive advantage. For instance, in April 2019, Daifuku Co., Ltd. acquired India-based Vega Conveyors and Automation Private Limited.


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Conveying Equipment Market Report Highlights

  • The belt segment accounted for the largest revenue share of 24.1% in 2022 owing to a rise in demand for belt conveyors in food and beverage, pharmaceutical, airport, and mining applications.

  • The unit handling segment accounted for the largest revenue share of 45.0% in 2022 and is further expected to expand at the fastest CAGR of 4.1% during the forecast period owing to growing use in industries such as food & beverage processing, shipments, and manufacturing of automotive

  •  The warehouse and distribution segment accounted for the largest revenue share of 22.5% in 2022 and is expected to advance at the fastest CAGR of 4.6% during the forecast period on account of significant growth of e-commerce, online retail, and supermarkets

  • Asia Pacific dominated the market and accounted for the largest revenue share of 46.6% in 2022 owing to rising industrialization and infrastructural developments in emerging economies such as China, India, and South Korea

  • Presence of local players in the Asia Pacific region poses a substantial threat to the large multinational companies in terms of product quality and price offered to the customers

Conveying Equipment Market Segmentation

Grand View Research has segmented the global conveying equipment market on the basis of on type, product, application, and region:

Conveying Equipment Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Belt

  • Roller

  • Pallet

  • Overhead

  • Chain Conveyors

  • Others

Conveying Equipment Product Outlook (Revenue, USD Million, 2018 - 2030)

  • Unit Handling

  • Bulk Handling

  • Parts & Attachments

Conveying Equipment Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Food & Beverage

  • Warehouse & Distribution

  • Automotive

  • Airport

  • Mining

  • Electronics

  • Others

Conveying Equipment Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Russia

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Thailand

    • Indonesia

    • Malaysia

  • Central & South America

    • Brazil

    • Argentina

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • South Africa

List of Key Players of Conveying Equipment Market

  • Daifuku Co., Ltd.

  • BEUMER GROUP

  • Fives Group

  • FlexLink

  • Jungheinrich AG

  • Kardex

  • Kion Group AG

  • KUKA AG

  • Murata Machinery, Ltd

  • Phoenix Conveyor Belt Systems

  • Siemens

  • TGW Logistics Group

  • Continental AG

  • Emerson Electric Co.

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