Conveyor & Conveying Equipment Market Outlook: Complete Industry Analysis (2024 to 2031

Conveyor & Conveying Equipment Introduction

The Global Market Overview of "Conveyor & Conveying Equipment Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Conveyor & Conveying Equipment market is expected to grow annually by 11.3% (CAGR 2024 - 2031).

Conveyor & Conveying Equipment refers to mechanical devices used to transport materials from one place to another within a production or distribution facility. The primary purpose of conveyor systems is to streamline material handling processes, increase efficiency, and reduce manual labor. These systems are commonly used in industries such as manufacturing, food processing, packaging, and mining.

Some advantages of conveyor equipment include increased productivity, reduced labor costs, improved safety, and a decrease in product damage. Additionally, conveyors can be customized to meet specific material handling needs, making them versatile and adaptable to various industries.

The growing demand for automation and efficiency in industries is expected to drive the growth of the Conveyor & Conveying Equipment Market. Technological advancements, such as the integration of sensors and automation systems, are further propelling the market , conveyor systems play a crucial role in optimizing material handling processes and enhancing overall operational efficiency.

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Market Trends in the Conveyor & Conveying Equipment Market

- Automation: Increasing demand for automated conveyor systems to improve efficiency and reduce labor costs.

- IoT integration: Integration of Internet of Things (IoT) technology to enable real-time monitoring and predictive maintenance of conveyor systems.

- Sustainability: Growing focus on eco-friendly conveyor systems using energy-efficient components and materials.

- Modular design: Shift towards modular conveyor systems to easily adapt to changing production needs.

- Industry : Adoption of Industry 4.0 principles such as data analytics and artificial intelligence to optimize conveyor operations.

- E-commerce growth: Rising demand for conveyor systems in e-commerce warehouses to handle increased order volume and fulfillment speed.

The Conveyor & Conveying Equipment Market is expected to witness significant growth driven by these trends, as companies increasingly invest in advanced conveyor solutions to enhance their operational efficiency and meet evolving consumer demands.

Market Segmentation

The Conveyor & Conveying Equipment Market Analysis by types is segmented into:

• Roller Conveyors
• Belt Conveyors
• Overhead Conveyors
• Pallet Conveyors
• Other Conveyors

Conveyor & Conveying Equipment includes various types such as Roller Conveyors, Belt Conveyors, Overhead Conveyors, Pallet Conveyors, and Other Conveyors. Roller Conveyors are ideal for moving heavy items, while Belt Conveyors are versatile and can transport various materials. Overhead Conveyors save space by running overhead, Pallet Conveyors are perfect for handling pallets, and Other Conveyors offer specialized solutions. The demand for Conveyor & Conveying Equipment is boosted by the efficiency, reliability, and cost-effectiveness that these types provide in various industries.

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The Conveyor & Conveying Equipment Market Industry Research by Application is segmented into:

• Automotive
• Food & Beverages
• Engineering Machinery
• Retail
• Others

Conveyor & conveying equipment is widely used in various industries such as automotive, food & beverages, engineering machinery, retail, and others. In automotive, they are used for assembly lines, in food & beverages for packaging and sorting, in engineering machinery for transporting heavy materials, and in retail for moving products within warehouses. The fastest growing application segment in terms of revenue is expected to be the e-commerce sector, as the demand for automated conveyor systems in fulfillment centers has been increasing rapidly to meet the rising volume of online orders.

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Geographical Spread and Market Dynamics of the Conveyor & Conveying Equipment Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Conveyor & Conveying Equipment market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa is expected to witness significant growth due to the increasing adoption of automated material handling solutions across various industries. Key players in the market include Daifuku, Ssi Schaefer, Dematic Group, Bosch Rexroth, Caterpillar, Murata Machinery, Vanderlande, Mahindra Tsubaki Conveyor Systems, Fives Group, Taikisha, Swisslog, Hytrol, Buhler Group, Shuttleworth, Siemens, BEUMER Group, Eisenmann, Emerson, Flexlink, Interroll, and Dorner Conveyors. The growth factors for these players include technological advancements, new product launches, strategic partnerships, and mergers & acquisitions. The market opportunities in these regions are driven by the increasing demand for efficient and cost-effective conveyor solutions in industries such as automotive, food & beverage, pharmaceuticals, and e-commerce.

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Conveyor & Conveying Equipment Market Growth Prospects and Market Forecast

The Conveyor & Conveying Equipment Market is expected to grow at a CAGR of % during the forecasted period, driven by innovative growth drivers such as the increasing demand for automation in various industries, the adoption of e-commerce leading to the need for efficient material handling systems, and the focus on improving operational efficiency in manufacturing facilities.

Innovative deployment strategies such as the integration of Internet of Things (IoT) technology to track and monitor conveyor systems in real-time, the use of artificial intelligence for predictive maintenance, and the development of energy-efficient conveyor systems are expected to fuel the growth of the market. Furthermore, the trend towards the adoption of modular and customizable conveyor systems to cater to diverse industry requirements is expected to drive market growth.

Additionally, the increasing focus on sustainability and green initiatives is likely to propel the demand for eco-friendly conveyor systems, further boosting market growth. Overall, the Conveyor & Conveying Equipment Market is poised for steady growth, with a CAGR of 3.5%, driven by innovative strategies and trends that enhance the efficiency and sustainability of material handling operations.

Conveyor & Conveying Equipment Market: Competitive Intelligence

• Daifuku
• Ssi Schaefer
• Dematic Group
• Bosch Rexroth
• Caterpillar
• Murata Machinery
• Vanderlande
• Mahindra Tsubaki Conveyor Systems
• Fives Group
• Taikisha
• Swisslog
• Hytrol
• Buhler Group
• Shuttleworth
• Siemens
• BEUMER Group
• Eisenmann
• Emerson
• Flexlink
• Interroll
• Dorner Conveyors

Daifuku is a global leader in material handling automation, with a focus on conveyor and conveying equipment. The company has a strong track record of innovative solutions and has experienced consistent revenue growth over the years. Daifuku's market strategy emphasizes technological advancements and customization to meet specific customer needs.

Dematic Group is another major player in the conveyor and conveying equipment market, known for its cutting-edge solutions and wide range of products. The company has a history of strong performance and has been successful in expanding its market reach through strategic partnerships and acquisitions.

Bosch Rexroth is a well-known name in the industry, offering advanced conveyor systems and components. The company has a solid reputation for quality and reliability, making it a preferred choice for many businesses. Bosch Rexroth's innovative market strategies focus on sustainability and efficiency, aligning with the growing demand for eco-friendly solutions.

Sales revenue:

- Daifuku: $ billion

- Dematic Group: $2.8 billion

- Bosch Rexroth: $6.2 billion

These players are just a few examples of the competitive landscape in the conveyor and conveying equipment market. Each company has unique strengths and market positioning, contributing to the overall growth and evolution of the industry. As demand for automation and efficiency continues to rise, these key players are expected to play a significant role in shaping the future of the market.

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