Conveyor Procurement & Supplier Intelligence Report, 2030

Conveyor Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-004
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Conveyor Category Overview

This conveyor category is anticipated to grow at a CAGR of 4.2% from 2023 to 2030. Asia Pacific dominates the category which is driven by the economic growth of countries such as China, India, and Thailand. The increasing population in these nations has led to a surge in demand for this category in industries like food and beverage, e-commerce, and automotive. This region further benefits from the high demand for packaged food and consumer goods, as well as strong government initiatives and ongoing projects.

Growing foreign direct investments (FDI) in the automotive sector, increasing demand for efficient handling of larger volumes of goods, improving process efficiency, material safety concerns, and increasing use of conveyor systems in airports owing to the development of new airports and expansion of old ones are driving the growth of this category. Integration of IoT and AI technologies for real-time monitoring and optimization, focus on energy efficiency, robotics, automation, use of advanced materials and safety features for application-specific solutions, and the growth of e-commerce driving the need for efficient logistics and distribution centers are key trends that are shaping this category.

This category features a moderate level of fragmentation, with numerous local companies competing for market share. These market players are actively pursuing strategies such as investments, partnerships, and acquisitions & mergers to expand their presence and gain a competitive edge. Additionally, companies are allocating resources toward the development of enhanced products and maintaining competitive pricing.

  • In February 2021, Daifuku Co., Ltd. and AFT Industries AG formed a business partnership to capitalize on their material handling expertise in the automotive industry, aiming to secure growing demand and investment from automotive manufacturers for material handling systems.

Recent advancements in this category have seen the integration of IoT and AI technologies, providing multinational corporations (MNCs) with enhanced operational efficiency and productivity. E-commerce giant Amazon exemplifies this trend by employing IoT-enabled conveyors in its fulfillment centers. These conveyors leverage sensors to collect real-time data on package location and speed. AI algorithms then analyze this data to optimize package flow, improving sorting accuracy and streamlining order fulfillment processes. Furthermore, OEMs like Volkswagen have adopted automated guided vehicles (AGVs) in conjunction with conveyor systems to automate material handling tasks. AGVs operate autonomously, transporting components and assemblies within production facilities, thereby reducing manual labor and increasing production efficiency. These technological advancements offer MNCs significant opportunities for optimizing their operations and achieving competitive advantages in the market.

In this category, the price and cost structure can vary based on factors such as the type of conveyor system, its specifications, and the supplier or manufacturer. Key components influencing costs include equipment expenses, installation and integration costs, maintenance and servicing expenses, energy consumption considerations, spare parts availability and costs, customization options, and supplier-related factors.

The most important details when sourcing materials for this industry are organizations should undertake several crucial considerations to facilitate informed decision-making and successful procurement. These include clearly defining the specific requirements and needs for the category by conducting thorough market research to identify reputable suppliers, issuing detailed requests for proposals (RFPs) to potential suppliers, and ensuring the presence of robust quality assurance processes in the selected supplier's operations. Additionally, a comprehensive cost analysis beyond the initial purchase price, the cultivation of strong supplier relationships, consideration of the total cost of ownership (TCO) over the category system's lifespan, and a commitment to continuous improvement through regular evaluation of supplier performance are vital. By adhering to these best practices, organizations can optimize their sourcing processes for this category, resulting in the selection of the most suitable supplier and successful implementation of conveyor systems. 

Conveyor Procurement Intelligence Report scope 

Report Attribute


Conveyor Category Growth Rate

CAGR of 4.2% from 2023 to 2030

Base Year for Estimation


Pricing Growth Outlook

2 - 4%

Pricing Models

Unit-based pricing, Fixed pricing, Custom pricing, Subscription or leasing model, Negotiated pricing.

Supplier Selection Scope

Product quality and customization, Experience, and expertise, Cost and pricing, Technical support and after-sales service, Experience and expertise.

Supplier selection criteria

Quality and Reliability, Technical Expertise, Manufacturing Capabilities, Cost Competitiveness, Innovation and R&D, and Seller Stability.

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

Daifuku Co. Ltd, Vanderlande, Taikisha, Swisslog, SSI Schaefer, Shuttleworth, RUD, Redler, Nordstrong, Murata Machinery, Mahindra Conveyor Systems, Interroll, Intelligrated, FMC Technologies, Flexlink, Allied Conveyor Systems.

Regional scope


Revenue Forecast in 2030

USD 11.8 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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