The global conveying equipment market size was valued at USD 50.24 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. 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 performs the role of goods carrier in numerous industries, including mining and coal, food & beverages, automotive, airports, and ports. Conveyors are essential for the continuous transportation of materials from one place to another in 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 the conveying equipment industry in the country is attributed to rising demand from warehouse and distribution, automotive, and food and beverage industries.
The extensive need for automation in the manufacturing sector on account of rising focus towards mass production in order to decrease capital investments is expected to positively impact the market. Rising infrastructure expenditure, particularly in the 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. 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 modifications in distribution channels from the seller to the client, coupled with the 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 in the coming years.
Due to the COVID-19 pandemic, the manufacturing sector faced dormancy owing to complete shutdown of business operations across the globe. Businesses that restarted their manufacturing services faced abrupt scaled-down production for conveying equipment material due to the affected supply chain.
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. It is the most common conveying equipment that serves a variety of application areas across industries. Belt conveyors can be operated at various speeds depending on the throughput required by using variable speed drive.
The roller segment is expected to expand at the fastest CAGR of 4.5% during the forecast period. The demand for roller conveyors is expected to significantly increase owing to their increasing adoption in material handling applications, including baggage handling, loading docks, and assembly lines, among others. In roller conveyors, rollers are mounted parallel in frames to transfer products either using gravity, manual, or powered systems.
The demand for overhead conveyors is projected to advance at a CAGR of 4.0% during the forecast period. Overhead conveyors are usually used in material handling applications where products need to be kept hanging, 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 extensively for conveying bulk materials in bins or pallets. This system uses a chain, or multiple chains, to transfer pallets or other hard-to-convey products. Bucket conveyors use multi-sided containers to transport products. They are used in various applications, including bulk materials, parts, and food handling and processing.
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. This is due to the meteoric rise of the e-commerce industry. Furthermore, the significant growth of supermarkets, online retail stores, and distribution centers, especially in the Asia Pacific and North America regions, is projected to have a positive impact on market expansion in the coming years.
Conveying equipment is extensively used in the food and beverage industry. Belt conveyor is the most common conveyor that is used in the packaging and processing of food products. Belt conveyors can be used to horizontally transport, elevate, or descend material for cooling, inspection, storing, or conveying. Other conveyors such as screw, vibratory, aero-mechanical conveyors are also used in food processing industries.
The automotive segment is anticipated to progress at a CAGR of 3.7% over the forecast period. Conveying equipment has a wide range of applications in the automotive industry, including indexing, processing, vision integration, welding, and moving parts for assembly lines. Belt conveyors, roller conveyors, overhead conveyors, and slat conveyors are the commonly used conveyor types in the automotive sector.
Conveying equipment finds 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 are factors anticipated to have a positive impact on the market over the forecast period.
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. The use of unit handling equipment is primarily for handling small batches of products, 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 servicing and has a long-term life expectancy. These kinds of equipment are used for both manufacturing and shipping of materials, which makes them a fundamental requirement for any industry.
The bulk handling equipment segment is expected to expand at a CAGR of 3.5% during the forecast period. It is extensively used for loading-unloading and similar activities. Growing industrialization is expected to have a positive impact on bulk handling equipment in the coming years. 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.
The parts & attachments segment is expected to progress at a growth rate of 3.8% during the forecast period. Parts and attachments are not only used in other conveying equipment but also used separately as independent machines for light-weighted activities. This has given a boost to the market demand for parts and attachments.
Asia Pacific dominated the market and accounted for the largest revenue share of 46.6% in 2022. The region is expected to expand at the fastest CAGR of 4.6% during the forecast period. An increasing number of industries in rapidly emerging economies and requirements for fast as well as efficient material handling systems are factors expected to drive market growth in this region.
The North American conveying equipment market has been witnessing stagnant growth over the last few years owing to increasing governmental norms and standards and this trend is expected to continue over the forecast period. A major opportunity exists for conveying equipment with respect to technology, as the market can innovate better products to facilitate customized needs.
The European market for conveying equipment is projected to grow at a rate of 3.0% over the forecast period on account of increasing construction and infrastructure spending, coupled with the growing presence of industries in this region. The market growth is further augmented by the increasing automation and reducing human involvement in manufacturing plants and distribution centers.
The Central & South America region offers 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 in the region, is expected to encourage a significant leap in terms of industrialization, which, in turn, would have a positive impact on market expansion.
The industry focuses on R&D activities to develop new technologies for product manufacturing and integration across various stages of the value chain, to gain a competitive edge in the market. Companies are adopting strategies such as partnerships, mergers, and acquisitions to expand their geographical reach. For instance, in August 2019, Murata Machinery, Ltd. announced an agreement on a strategic partnership with Alert Innovation, Inc., a U.S.-based material handling system supplier. This partnership will undertake technology transfer and the rights to design, sell, and manufacture products. Some of the prominent players in the global conveying equipment market include:
Daifuku Co., Ltd.
Kion Group AG
Murata Machinery, Ltd
Phoenix Conveyor Belt Systems
TGW Logistics Group
Emerson Electric Co.
In July 2023, Jungheinrich AG disclosed that by October 2024, it would be building a new logistics warehouse in Freilassing for Hawle Armaturen GmbH. The scope of delivery from Jungheinrich AG includes a full conveyor system featuring order picking workstations, five stacker cranes with SPS, and silo steel rack constructions with roof and wall cladding
In June 2023, TGW Logistics Group announced that it would be building a high-performance e-commerce system for SKECHERS USA, Inc., a manufacturer of premium-quality shoes, about 50 km north of Shanghai. The automated system is expected to go active in the summer of 2025. The core element of the TGW Logistics Group offering is a 13-kilometer long network of energy-effective KingDrive conveyors that not only links every part of the system to one another but also ensures that they are connected to the current fulfilment center
In April 2023, TGW Logistics Group developed a cutting-edge system that would enable food service professionals, grocery producers, and retailers to respond quickly to future challenges. The company presented an efficient solution for completely automated mixed pallet picking called FullPick. Through FullPick, both pallets as well as roll cages are capable of being loaded entirely automatically and in a shop-friendly way
In October 2022, Daifuku North America Holding Company announced the opening of its new manufacturing plant in Boyne City, Michigan. The manufacturing facility has brought together the operations of the former Boyne City, Harbor Springs, and Pellston facilities under one roof and is run by Jervis B. Webb Company, a subsidiary of Daifuku North America
In June 2022, BEUMER Group acquired full control of FAM Group of Magdeburg, which is a notable international supplier of loading equipment and conveyor systems. Through this acquisition, FAM Minerals & Mining GmbH has expanded BEUMER Group’s portfolio and brought with it the complete value chain, including after-sales service
In April 2021, during the ProMatDX event, Siemens introduced the SINAMICS G115D, a compact and strong driving system made especially for horizontal conveyor applications. The system consists of the drive, motor, and gearbox in one unit. It is available in two variations: motor-mounted and wall-mounted
Market size value in 2023
USD 52.00 billion
Revenue forecast in 2030
USD 67.82 billion
CAGR of 3.8% from 2023 to 2030
Base year for estimation
2018 - 2021
2023 - 2030
Revenue in USD million/billion and CAGR from 2023 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, product, application, region
North America; Europe; Asia Pacific; Central & South America; MEA
U.S.; Canada; Mexico; Germany; UK; France; Italy; Russia; Spain; China; India; Japan; South Korea; Australia; Thailand; Indonesia; Malaysia; Brazil; Argentina; Saudi Arabia; UAE; South Africa
Key companies profiled
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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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global conveying equipment market report based on type, product, application, and region:
Type Outlook (Revenue, USD Million, 2018 - 2030)
Product Outlook (Revenue, USD Million, 2018 - 2030)
Parts & Attachments
Application Outlook (Revenue, USD Million, 2018 - 2030)
Food & Beverage
Warehouse & Distribution
Regional Outlook (Revenue, USD Million, 2018 - 2030)
Central & South America
Middle East and Africa
b. The global conveying equipment market size was estimated at USD 50.24 billion in 2022 and is expected to reach USD 52.00 billion in 2023.
b. The conveying equipment market is expected to grow at a compound annual growth rate of 3.8% from 2023 to 2030 to reach USD 67.82 billion by 2030.
b. Asia Pacific dominated the conveying equipment market with a share of 46.5% in 2022. This is attributable to the rising manufacturing of durable and non-durable goods rising industrialization, and an increase in infrastructure spending in the region.
b. Some of the key players operating in the Conveying Equipment Market include Daifuku Co., Ltd., Beumer Group GmbH & Co., KG, Fenner Group Holdings Ltd., Fives Group, Flexlink, Jungheinrich AG, Kion Group AG, Continental, Siemens, Kardex Group, KUKA AG, Murata Machinery, Ltd, and Phoenix Conveyor Belt System.
b. Key factors that are driving the conveying equipment market include the increasing product demand from numerous end-use industries including food & beverage, mining, automotive, and warehouse & distribution.
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