PUBLISHER: The Business Research Company | PRODUCT CODE: 1658919
PUBLISHER: The Business Research Company | PRODUCT CODE: 1658919
A conveyor system is a mechanical apparatus and a component of material handling systems designed for the automated transportation of loads and materials. Widely utilized across various industries, conveyor systems serve as essential mechanical handling equipment, facilitating the movement of goods from one location to another. They contribute to minimizing the risk of human error, reducing workplace hazards, and cutting down labor costs.
The primary types of conveyor systems include belt conveyors, roller conveyors, pallet conveyors, overhead conveyors, tri-planar conveyors, crescent conveyors, skid conveyors, trailer conveyors, and other specialized variants. A belt conveyor system typically consists of two or more pulleys with a closed loop of a carrying medium, known as the conveyor belt, rotating about them. Key components involve aluminum profiles, a driving unit, and an extremity unit. Conveyor systems can operate manually, semi-automatically, or automatically, and they find applications in various sectors such as retail, food and beverages, poultry and dairy, automotive, airports, and other industries.
The conveyor system market research report is one of a series of new reports from The Business Research Company that provides conveyor system market statistics, including conveyor systems industry global market size, regional shares, competitors with a conveyor system market share, detailed conveyor system market segments, market trends and opportunities, and any further data you may need to thrive in the conveyor systems industry. This conveyor system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The conveyor system market size has grown strongly in recent years. It will grow from $9.71 billion in 2024 to $10.28 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to labor-saving devices adoption, maintenance and after-sales services, supply chain efficiency, emerging markets demand, cost reduction strategies.
The conveyor system market size is expected to see strong growth in the next few years. It will grow to $13.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to automation and industry 4.0 adoption, manufacturing sector growth, warehouse optimization, retail sector innovations, sustainability and green logistics. Major trends in the forecast period include integration with robotics, maintenance and after-sales services, demand in developing economies, labor costs and efficiency, globalization and trade.
The rapid expansion of e-commerce is anticipated to drive the growth of the conveyor system market in the coming years. E-commerce refers to the process of buying or selling products electronically over an electronic network, mainly the internet. Conveyor systems are advantageous in the e-commerce sector as they facilitate quick and efficient delivery of packages and parcels of various sizes, ensuring rapid transport and accommodating the specialized needs of products. For instance, in February 2022, Shopify Inc., a Canada-based multinational e-commerce company, reported that the global e-commerce market reached a total of $5.55 trillion in 2022. Additionally, Latin America recorded $85 billion in e-commerce sales in 2021. Therefore, the growth in e-commerce is fueling the expansion of the conveyor system market.
The rapid growth of e-commerce is expected to propel the conveyor system market in the years ahead. E-commerce involves buying or selling products electronically over an electronic network, primarily the internet. Conveyor systems are beneficial in the e-commerce industry as they enable quick and efficient delivery of packages and parcels of various sizes, ensuring swift transport and meeting the specialized requirements of products. For example, in February 2022, Shopify Inc., a Canada-based multinational e-commerce company, announced that the global e-commerce market reached a total of $5.55 trillion in 2022. Furthermore, Latin America recorded $85 billion in e-commerce sales in 2021. Thus, the growth of e-commerce is driving the expansion of the conveyor system market.
Technological advancement is a significant trend gaining traction in the conveyor system market. Leading companies in the industry are introducing new technologies such as the Internet of Things (IoT), radio-frequency identification (RFID), 2D radar technology, ultrasonic technology, and artificial intelligence (AI) to maintain their competitive positions. For instance, in February 2022, Continental AG, a Germany-based company specializing in conveyor systems, launched Conti Load Sense, an innovative 2D radar-based conveyor monitoring system. This system features 2D radar-based monitoring that scans materials and the conveyor belt from multiple angles to assess the load's position and belt status while also utilizing ultrasonic technologies. This approach allows for the accurate determination of the quantity of products being transported.
Key players in the conveyor system market are concentrating on developing innovative products, including next-generation solutions, to secure a competitive advantage. A next-generation conveyor system refers to an advanced conveyance system that integrates state-of-the-art technologies, design principles, and materials to improve operational efficiency, reliability, and performance. For example, in April 2023, Omtech Food Engineering, an India-based manufacturer of conveyor and modular belts, launched a next-generation conveyor belt system designed to enhance food processing operations. These systems are categorized into four main types: manufacturing conveyors, food application conveyors, parcel conveyors, and packaging sector conveyors. They offer a diverse range of application-specific designs and customizable belt options that consider essential factors such as the type and stage of production, while reducing downtime, increasing output, and enhancing overall efficiency. The conveyor's modular design reduces the risk of damage or contamination during the movement of food products, ensuring cleanliness and safety throughout the conveying process.
In June 2022, BEUMER, a conveyor systems manufacturer based in Germany, acquired FAM Group for an undisclosed amount. This acquisition allowed BEUMER to broaden its portfolio in the conveyor systems sector. The FAM Group is a Canadian company that specializes in manufacturing conveyor systems.
Major companies operating in the conveyor system market are Daifuku Co. Ltd., Continental AG, Siemens AG, Taikisha Ltd., Fives Group, Kion Group AG, Toyota Industries Corporation, KUKA AG, Honeywell International Inc., Murata Machinery Ltd., Interroll Holding AG, Beumer Group GmbH & Co. KG, Viastore Systems GmbH, SSI Schaefer AG, Knapp AG, Mecalux SA, Witron Logistik + Informatik GmbH, Kardex Group, Terex Corporation, FlexLink AB, Dorner Mfg Corp., Hytrol Conveyor Co. Inc., mk Technology Group Inc., TGW Logistics Group, Conveyor Systems Ltd., Conveyor Units Ltd., ConveyorTek Ltd., LAC Conveyors & Automation Ltd., Advance Automated Systems Ltd.
Asia-Pacific was the largest region in the conveyor system market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the conveyor system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the conveyor system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The conveyor system market consists of sales of cable, bucket, and floor conveyor systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Conveyor System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on conveyor system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for conveyor system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The conveyor system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.