Conveying Equipment Market Size, Share & Trends Analysis Report By Type (Belt, Roller, Pallet, Overhead, Chain), By Product (Unit Handling, Bulk Handling), By End Use, By Region, And Segment Forecasts, 2020 - 2027

Report Overview

The global conveying equipment market size was estimated at USD 60.9 billion in 2019 and is expected to grow at a compounded annual growth rate (CAGR) of 2.9% from 2020 to 2027. Growing dependence on machines with automated systems leading to a reduction in production time and increasing efficiency is expected to have a positive impact on the overall conveying equipment industry. Conveying equipment finds its application as goods carriers in numerous industries including mining and coal, food and beverages, automotive, airports, and ports. Conveyors are essential for the continuous transportation of material from one place to another in many industrial and commercial facilities. Conveying equipment offers high operational efficiency along with improved productivity.

The U.S. is one of the prominent markets for conveying equipment owing to its highly developed technology industries, skilled workforce, growing R&D initiatives, and advanced processing capabilities. The growth of conveying equipment is the country is attributed to rising demand from warehouse and distribution, automotive, and food and beverage industries.

Growing demand for automation in the manufacturing industries on account of rising focus towards mass production in order to decrease the capital investments anticipated to have a positive impact on the market. Increasing infrastructure expenditure, particularly in emerging economies of Asia Pacific and Central and South America will also catalyze the market over the forecast period.

Conveyor systems are the heart of several manufacturing and distribution channels across the globe. The growth of the market is highly driven by technological developments in smart conveying equipment. Conveyers are the backbone of Industry 4.0. Key players are developing conveying equipment that incorporates smart devices as well as embedded intelligence.

The growing trend of e-commerce along with a modification in distribution channels from the sellers to the client coupled with expansion in the food & beverage sector that requires horizontal production and at the same time delivery of goods are expected to create new opportunities for the conveying equipment industry over the forecast period.

Due to pandemic COVID-19, the manufacturing sector is facing dormancy owing complete shutdown of business operations across the globe. Those businesses who have restarted their manufacturing services are facing abruptly scaled-down production for conveying equipment material because of an immeasurably affected supply chain.

Type Insights

Belt conveyor was the dominant material segment and accounted for 24.3% of the overall revenue share in 2019 owing to a rise in the demand for belt conveyor in food and beverage, pharmaceutical, airport, and mining applications. It is the most common conveying equipment which offers a wide variety of application across the industries. Belt conveyors can be operated at various speeds depending on the throughput required by using variable speed drive.

The demand for roller conveyors is expected to significantly increase owing to their increasing adoption in material handling applications including baggage handling, on loading docks, or on assembly lines, among others. In roller conveyors, rollers mounted parallel in frames to transfer products either by gravity or manually or powered.

Overhead conveyors are projected to register a CAGR of 3.1% from 2020 to 2027. Overhead conveyors are usually used in material handling applications where products need to be hung for instance paint lines, dry-cleaning garment lines, or parts handling systems. Overhead conveyors can be mounted above the workplace with floor supported or roof-supported structure.

Chain conveyors are used to conveying bulk materials in bins or pallets. It uses a chain, or multiple chains to transfer pallets or other hard-to-convey products. Bucket conveyors use multi-sided containers to convey products. They are used in various applications including bulk material, parts, or food handling and processing.

Product Insights

The unit load segment dominated the global conveying equipment market and accounted for 44.7% of the total demand in 2019. The use of unit handling equipment is primarily for handling small batches which is most widely applicable in industries such as food and beverage processing, warehouse and distribution, and manufacturing of automotive industries besides other durable goods industries.

Unit handling conveying equipment helps in maintaining sustainability by minimizing energy consumption and optimizing production output. Incorporating these systems reduces the maintenance cost by using more reliable equipment that requires minimal service or that have short term life expectancies. These equipment are used for both manufacturing and shipping of materials which makes them one of the fundamental requirements for any industry.

Bulk handling equipment is extensively used for loading-unloading and similar activities. Growing industrialization is expected to have a positive impact on bulk handling equipment. The range of bulk handling equipment includes conveyor belts for coal, coal handling systems, conveyor belt system, coal handling equipment, ash handling system, alternate fuel handling, ash handling equipment, rotary airlock, rotary air valve, rotary feeder, truck loaders, and belt conveyors.

Global parts & attachments segment expanding at an estimated CAGR of 3.0% from 2020 to 2027. Parts and attachments are not only used in other conveying equipment but also used separately as an independent machine for light-weighted activities. This has given a boost to the market demand for parts and attachments.

End-use Insights

The warehouse and distribution end-use segment dominated the market by accounting for a share of 22.3% of the total revenue share in 2019 on account of the growing demand for the e-commerce industry. Furthermore, significant growth of supermarkets online retails, and distribution centers, especially in the Asia Pacific, and North America, projected to have a positive impact on the market

Conveying equipment is extensively used in the food and beverage industry. Belt conveyor is the most commonly used conveyor that is used in the packaging and processing of food products. Belt conveyors can be used to horizontally transport, elevate, or decline material for cooling, inspection, storing, or conveying. Other conveyors such as screw, vibratory, aero-mechanical conveyors are also used in food processing industries.

Conveying equipment has a wide range of applications in the automotive industry including moving parts, indexing, processing, vision integration, welding, and moving parts for assembly lines. Belt conveyor, roller conveyor, overhead conveyor, and slat conveyor are the commonly used conveyor types in the automotive industry. The automotive end-use segment is anticipated to register a CAGR of 2.7% over the forecast period.

Conveying equipment finds its applications in numerous end-use industries including packaging, electrical and electronics, consumer goods, mining, pharmaceuticals, and chemicals, among others. Growing industrialization, technological developments, and increased infrastructure spending anticipated having a positive impact on the market over the forecast period.

Regional Insights

Asia Pacific was the largest consumer of conveying equipment, accounting for over 30.4% of the total revenue share in 2019 and is expected to witness moderate growth over the forecast period. An increasing number of industries and requirements for fast as well as efficient material handling system products is expected to drive the market growth in this region.

North America conveying equipment market has been witnessing stagnant growth rates over the last few years owing to increasing governmental norms and standards and the trend is expected to continue over the forecast period. A major opportunity exists for the conveying equipment with respect to technology as the market can innovate better products to facilitate customized needs.

Europe conveying equipment market projected to expand at a CAGR of 2.8% over the forecast period on account of increasing construction and infrastructure spending coupled with increasing industries in this region. The market growth is further augmented by the increasing automation and reducing human efforts in manufacturing plants and distribution centers.

Central and South America offer tremendous potential and opportunities in the field of conveying equipment. Relaxed government regulations in countries such as Brazil, and Argentina coupled with the rising globalization and privatization expected to exhibit a significant leap in terms of industrialization, which, in turn, expected to have a positive impact on the market.

Key Companies & Market Share Insights

Major players in the conveying equipment industry include Daifuku Co., Ltd., Beumer Group GmbH & Co., KG, Fenner Group Holdings Ltd., Fives Group, Flexlink, Jungheinrich AG, Kion Group AG, Continental, and Siemens The industry focuses on R&D activities to develop new technologies for the manufacturing of product and integration across numerous stages of the value chain in order to gain a competitive edge in the market. Key companies are also adopting various strategies such as partnerships, mergers, and acquisitions to expand their geographic reach. For instance, in August 2019, Murata Machinery, Ltd announced an agreement on a strategic partnership with Alert Innovation, Inc. which is a U.S. based material handling system supplier. This partnership will undertake technology transfer as well as the rights to design, sell, and manufacture products. Some of the prominent players in the conveying equipment market include:

• Daifuku Co., Ltd.

• Beumer Group GmbH & Co., KG

• Fenner Group Holdings Ltd

• Fives Group

• Flexlink, Intelligrated, Inc

• Jungheinrich AG

• Kardex Group

• Kion Group AG

• KUKA AG

• Murata Machinery, Ltd

• Phoenix Conveyor Belt System

• Siemens AG

• TGW Logistics Group GmbH

• Continental

• Emerson

Conveying Equipment Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global conveying equipment market report on the basis of type, product, end-use, and region:

• Type Outlook (Revenue, USD Million, 2016 - 2027)

  • Belt

  • Roller

  • Pallet

  • Overhead

  • Chain conveyors

  • Others

• Product Outlook (Revenue, USD Million, 2016 - 2027)

  • Unit handling

  • Bulk handling

  • Parts & attachments

• End-use Outlook (Revenue, USD Million, 2016 - 2027)

  • Food & Beverage

  • Warehouse & Distribution

  • Automotive

  • Airport

  • Mining

  • Electronics

  • Others

• Regional Outlook (Revenue, USD Million, 2016 - 2027)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

    • Argentina

  • The Middle East & Africa

    • Saudi Arabia

    • UAE