Conveyor System Market Size & Growth

Report Code AT 4933
Published in Sep, 2024, By MarketsandMarkets™
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Conveyor System Market By Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) Component, Operation & Region - Global Forecast to 2030

Overview

The global conveyor system market is projected to grow from USD 10.44 billion in 2024 to USD 14.81 billion by 2030, registering a CAGR of 6.0%. Conveyor systems are in high demand across diverse industries, including aviation, automotive, retail & distribution, food & beverage, and mining, driven by advancements in automation, modular design, and sensor-driven operations. Automation has increased productivity for conveyor systems while reducing labor costs and errors. Modular designs are easily extended or reconfigured to suit changing industrial requirements due to their adaptability. Meanwhile, real-time data is delivered through sensor-driven processes that maximize output and minimize downtime. Modern driving technologies and componentry are evolving, boosting conveyor systems’ potential and effectiveness to meet the ever-changing needs of contemporary industry.

Attractive Opportunities in the Conveyor System Market

ASIA PACIFIC:

Asia Pacific is expected to be the fastest growing market. The momentum in demand is driven by rapidly developing automotive sector where OEMs are setting up multiple EV factories. Also, the retail and distribution sector is positively contributing due to fast expanding warehousing sector in the region.

The conveyor systems market is experiencing rapid growth driven by increase in airport development and automotive factory projects across Asia Pacific.

The conveyors systems market in the India is experiencing revenue growth driven by the rising demand from airport, Automotive, electronics and mining sectors.

The market in Asia Pacific is projected to reach USD 4.17 billion by 2030 growing at CAGR of 7.2% during the forecast period.

The strong push of Government safety regulations mandating the installation of safety features in conveyor systems will drive growth in Open-pit and Undergroundd mining systems in Asia Pacific

Global Conveyor System mMarket Dynamics

DRIVER: High demand for conveyor systems from e-commerce industry

The rise in online purchases has led to the significant growth of the e-commerce industry. Flipkart (India) and Amazon (US) are the two major players in this industry. These companies need to maintain a large inventory in their warehouses. They must also provide delivery accuracy, same-day delivery, and free return policies. Consequently, they are looking for low-priced material handling solutions to reduce the time intervals for their delivery. Automated storage and retrieval systems (AS/RS) and conveyors have emerged as comprehensive solutions. For instance, FMH Conveyors (US), a renowned manufacturer of conveyors, made its debut with a new conveyor system designed for easy reconfiguration in April 2023. This system aims to enhance speed and efficiency during loading or unloading processes as well as sorting by enabling fast joining, disjointing, and rearranging of the conveyor lines.

RESTRAINT: High installation and maintenance costs

A conveyor system can enhance the efficiency of a company’s production process or warehouse. However, implementing these systems may incur substantial costs, such as utility bills for electricity and maintenance requirements for hardware and software during operation. Moreover, the reliance on technology and machines introduces additional expenses, such as software and services, as well as advanced devices used in the installation phase. Investments in automated conveyor systems could be challenging for small and medium-sized firms seeking to expand their businesses.

 

OPPORTUNITY: Integration of lean logistics principles

The lean management principle focuses on maximizing customer value while minimizing waste. This plays a pivotal role in the logistics industry. Lean logistics involves the identification and elimination of wastes in the supply chain by separating value-adding processes from non-value-adding ones. The objective is to enhance product flow and speed by streamlining processes and optimizing the supply chain. To achieve this, efficient systems such as conveyors, automated storage and retrieval systems (AS/RS), and automated guided vehicles, among others, are employed to improve inventory and material management, which is crucial for the control of the supply chain. By integrating these principles with automation, industries can achieve more productivity, propelling the demand for advanced conveyor systems forward. In 2023, Get-inge (Sweden) launched a fully automated load system for terminal sterilizers. The safety components of a terminal sterilization cycle involve repetitive strain that may occur whenever large loads are lifted, pulled, or pushed, besides accidental damage caused by cranes or other machinery during loading into the autoclave chamber.

CHALLENGE: Significant presence of local players in emerging markets

The conveyor system market is highly competitive, subject to the presence of different international players and local suppliers. Small to medium-sized companies serve as an essential part of Australia, China, and Africa, benefiting from abundant mining deposits. These companies offer smaller or tailored conveyor solutions as they are easier for customers to access and have better after-sales services. Conversely, bigger players in this market concentrate mainly on institutional purchases with high value, such as those that involve conveyor systems used in airport operations or automating manufacturing plants. This prevents prominent conveyor system firms from penetrating small-scale markets.

Global Conveyor System Market Ecosystem Analysis

The conveyor belt market ecosystem comprises raw material suppliers, component/part manufacturers, control unit manufacturers, and OEMs. Conveyor system manufacturers procure parts/components, particularly machined & precision engineering components, from suppliers and design a tailored conveyor solution. Part manufacturers include companies that provide driving units, rubber belts or carriage equipment, aluminum profiles, and control units. Most conveyor system manufacturers in the industry manufacture their precision-engineered components in situ, whereas regional players collaborate with the vendors for their supplies, which are assembled at the former plant per the requirements.

 

Floor conveyors to exhibit fastest growth by type

Floor conveyors are a cost-effective alternative to load-carrying trucks when moving goods from one place to another or performing other programmed movements necessary for manufacturing. These conveyors are equipped with sensors to detect and track items throughout the system, enabling instant feedback and system management, thereby enhancing control over the flow of goods. Their modular design also simplifies expansion or reconfiguration based on the specific needs of warehouses and production facilities. Thus, floor conveyors witness rapid adoption in both manufacturing and assembly sectors, which heavily rely on precision tracking during component assembly and production operations. Smart floor conveyors can further enhance efficiency by ensuring accessibility at assembly stations, thereby reducing the probability of errors.Automatic conveyor systems to exhibit fastest growth by operationAutomatic conveyor systems offer multiple benefits over manual ones. The automation of material handling processes has decreased labor costs, making operations simpler and enabling personnel to concentrate on more critical tasks. These conveyors also enable accuracy, repeatability, and speed improvements while eliminating human mistakes and reducing manufacturing ineffectiveness. Moreover, automatic conveyors can transport larger quantities of materials faster than their manual counterparts, thereby increasing production volumes and enabling quicker deliveries. This primarily applies to industries with high-quality standards, such as pharmaceuticals. For instance, in March 2021, Tesla (US) opened the Gigafactory in Berlin to manufacture cells in-house together with electric vehicles.

Underground mining to exhibit fastest growth by mining application

Mining companies are expanding their underground operations to access larger quantities of minerals such as gold, copper, and other rare earth metals. The global demand for cleaner energy has increased the need for rare earth minerals, which are primarily extracted from deep mines and used in the manufacturing of batteries, electric cars, and renewable energy technology. The surge in underground mining projects can be further attributed to technological advancements in automation and safety. These factors propel the market for underground mining conveyor systems forward.

ASIA PACIFIC Region Holds the Largest Share of the Conveyor System Market.

In Asia Pacific, industries such as automotive, food & beverage, and aviation are experiencing rapid infrastructure development and technological advancements, generating a high demand for conveyor systems. Aviation is among the fastest-growing industries in the region, with China significantly contributing to its growth. In January 2022, the country announced plans to construct 215 new airports by 2035 due to increasing passenger air and cargo transportation, as well as expanding tourism and economic growth (Source: Bureau of Transportation Statistics, 2022). Similarly, the automotive industry in Asia Pacific has recorded substantial growth, particularly in countries such as China and India. These countries have become a production hub for motor vehicles, attracting global investors due to low labor costs and high vehicle purchases. In response, prominent manufacturers such as BMW (Germany) and Volkswagen Group (Germany) have established their production facilities in Asia Pacific. Collectively, these factors drive the demand for conveyor systems, making it the fastest-growing region in the global conveyor market.

 
 

Recent Developments of Conveyor System Market Industry

  • In April 2024, Walmart (US) collaborated with Swisslog Holding AG (Switzerland) to implement Swisslog’s storage automation technology at a facility in Texas alongside a state-of-the-art conveyor system. This collaboration aims to enhance operational efficiency and streamline logistics processes within the facility. In January 2024, HAI Robotics (China) integrated its automated storage and retrieval systems with Honeywell International’s enterprise software, enhancing warehouse efficiency and automation. This collaboration leverages Honeywell’s robust software capabilities to optimize HAI’s intelligent robotic solutions, streamlining operations and reducing manual labor. The integration also includes advanced conveyor systems, ensuring seamless material handling and faster processing times.
  • In March 2024, Siemens AG (Germany) acquired the industrial drive technology business of ebm-papst (Germany) to strengthen its position in the industrial automation market. The acquisition includes a range of drive systems and components that complement Siemens’ existing portfolio, particularly enhancing its offerings in the field of efficient and innovative conveyor system solutions.

Key Market Players

KEY PLAYERS IN THE Conveyor System Market INCLUDE

Scope of the Report

Report Attribute Details
Market size available for years 2019–2030
Base year considered 2023
Forecast period 2024–2030
Forecast units Value (USD Billion/Million)
Segments covered Industry (Retail & Distribution, Food & Beverage, Automotive, Electronics, Mining, Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket, Others), Mining Technology, Mining Application, Component, Operation, and Region
Geographies covered Asia Pacific, Europe, North America, and Rest of the World
Companies covered Siemens AG (Germany), Continental AG (Germany), Daifuku Co., Ltd. (Japan), Fives Group (Paris), Taikisha Ltd (Japan), Honeywell International Inc. (US), Interroll Group (Switzerland), and Metso Outotec (Finland), among others

 

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Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Maps the market evolution with focus on trend catalysts, risk factors, and growth opportunities across segments.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
 
4.2.1
DRIVERS
 
 
 
 
 
4.2.1.1
AUTOMATION-LED PRODUCTION CAPACITY SCALING IN MASS MANUFACTURING
 
 
 
 
4.2.1.2
MATERIALS HANDLING INTENSITY FROM RARE EARTH AND CRITICAL MINERAL MINING
 
 
 
 
4.2.1.3
E-COMMERCE FULFILMENT GROWTH AND HIGH-SPEED SORTATION REQUIREMENTS
 
 
 
4.2.2
RESTRAINTS
 
 
 
 
 
4.2.2.1
CAPITAL-INTENSIVE SYSTEM INSTALLATION AND LIFECYCLE MAINTENANCE COSTS
 
 
 
 
4.2.2.2
LIMITED AUTOMATION VIABILITY IN LOW-VOLUME, HIGH-VARIABILITY APPLICATIONS
 
 
 
4.2.3
OPPORTUNITIES
 
 
 
 
 
4.2.3.1
LEAN-LOGISTICS INTEGRATION AND FLOW-OPTIMIZED CONVEYOR LAYOUTS
 
 
 
 
4.2.3.2
PRODUCT INNOVATION IN MODULAR, INTELLIGENT, AND APPLICATION-SPECIFIC CONVEYORS
 
 
 
 
4.2.3.3
SUSTAINABILITY-DRIVEN ADOPTION OF ENERGY-EFFICIENT AND LOW-EMISSION CONVEYOR SYSTEMS
 
 
 
4.2.4
CHALLENGES
 
 
 
 
 
4.2.4.1
FRAGMENTED COMPETITIVE LANDSCAPE WITH STRONG LOCAL AND REGIONAL PLAYERS
 
 
 
 
4.2.4.2
SAFETY, RELIABILITY, AND COMPLIANCE RISKS LINKED TO SYSTEM FAILURES AND DOWNTIME
 
 
4.3
UNMET NEEDS AND WHITE SPACES
 
 
 
 
4.4
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.5
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Outlines emerging trends, technology impact, and regulatory signals affecting growth trajectory and stakeholder decisions.
 
 
 
 
 
5.1
MACROECONOMICS INDICATORS
 
 
 
 
 
5.1.1
INTRODUCTION
 
 
 
 
5.1.2
GDP TRENDS AND FORECAST
 
 
 
 
5.1.3
TRENDS IN THE GLOBAL CONVEYOR SYSTEM MARKET
 
 
 
5.2
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.4
PRICING ANALYSIS
 
 
 
 
 
 
5.4.1
AVERAGE SELLING PRICE TREND OF CONVEYOR SYSTEMS, BY TYPE, 2022-2025
 
 
 
 
5.4.2
AVERAGE SELLING PRICE TREND OF CONVEYOR SYSTEMS, BY REGION, 2022-2025
 
 
 
5.5
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.6
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.7
TRADE ANALYSIS
 
 
 
 
 
 
5.7.1
IMPORT SCENARIO (HS CODE 842820)
 
 
 
 
5.7.2
EXPORT SCENARIO (HS CODE 842820)
 
 
 
5.8
KEY CONFERENCES & EVENTS, 2026-2027
 
 
 
 
5.9
CASE STUDY ANALYSIS
 
 
 
 
5.10
IMPACT OF 2025 US TARIFF – GLOBAL CONVEYOR SYSTEM MARKET
 
 
 
 
 
 
5.10.1
INTRODUCTION
 
 
 
 
5.10.2
KEY TARIFF RATES
 
 
 
 
5.10.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.10.4
IMPACT ON END USE INDUSTRIES
 
 
6
STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTIONS
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
 
6.1.1
MODULAR CONVEYOR ARCHITECTURES
 
 
 
 
6.1.2
ADVANCED MDR PLATFORMS
 
 
 
 
6.1.3
AI-DRIVEN ROUTING & SORTATION CONTROL
 
 
 
 
6.1.4
SMART HEAVY-DUTY BELTING
 
 
 
 
6.1.5
SENSOR-FUSION SAFETY SYSTEMS
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
 
6.2.1
PREDICTIVE MAINTENANCE SYSTEMS & ANALYTICS
 
 
 
 
6.2.2
DIGITAL TWIN ENGINEERING
 
 
 
 
6.2.3
AUTOMATED TENSIONING & CLEANING
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
 
6.3.1
SHORT-TERM (2026-2028) | FOUNDATION & EARLY COMMERCIALIZATION
 
 
 
 
6.3.2
MID-TERM (2029-2030) | EXPANSION & STANDARDIZATION
 
 
 
 
6.3.3
LONG-TERM (2031-2035+) | MASS COMMERCIALIZATION & DISRUPTION
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF GENERATIVE AI ON THE GLOBAL CONVEYOR SYSTEM MARKET
 
 
 
 
 
6.5.1
GENERATIVE AI–DRIVEN SHIFT FROM PREVENTIVE TO SELF-OPTIMIZING CONVEYOR OPERATIONS
 
 
 
 
6.5.2
RECONFIGURATION OF CONVEYOR SYSTEM DESIGN, ENGINEERING, AND SIMULATION ECONOMICS
 
 
 
 
6.5.3
TRANSFORMATION OF AFTER-SALES, SERVICE CONTRACTS, AND LIFECYCLE REVENUE MODELS
 
 
 
 
6.5.4
HUMAN–MACHINE INTERFACE EVOLUTION IN CONVEYOR CONTROL AND PLANT OPERATIONS
 
 
 
6.6
UPCOMING MEGAPROJECT PIPELINE, BY KEY REGION
 
 
 
 
6.7
FACTORS INFLUENCING INSTALLATION COST ON CONVEYOR SYSTEMS
 
 
 
 
6.8
INSIGHTS ON KEY PLAYERS ADOPTING AUTOMATION IN MANUFACTURING PROCESSES
 
 
 
 
6.9
FUTURE APPLICATIONS IN THE GLOBAL CONVEYOR MARKET ECOSYSTEM
 
 
 
 
 
 
6.9.1
SELF-ROUTING AND ADAPTIVE CONVEYOR NETWORKS FOR HIGH-VELOCITY FULFILMENT OPERATIONS
 
 
 
 
6.9.2
HYBRID CONVEYOR–AMR ARCHITECTURES REDEFINING FACTORY AND WAREHOUSE MATERIAL FLOW
 
 
 
 
6.9.3
AUTONOMOUS LONG-DISTANCE CONVEYOR SYSTEMS FOR MINING, PORTS, AND BULK LOGISTICS
 
 
 
 
6.9.4
INLINE AI-ENABLED INSPECTION AND INTELLIGENT DIVERSION WITHIN CONVEYOR LINES
 
 
 
 
6.9.5
COMPACT CONVEYOR PLATFORMS FOR URBAN MICRO-FULFILMENT
 
 
7
SUSTAINABILITY AND REGULATORY LANDSCAPE
 
 
 
 
 
7.1
GLOBAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
 
7.2
SUSTAINABILITY INITIATIVES
 
 
 
 
 
7.2.1
SHIFT TO HIGH-EFFICIENCY MOTORS, DRIVES, AND REGENERATIVE ENERGY RECOVERY IN CONVEYOR SYSTEMS
 
 
 
 
7.2.2
LIFECYCLE-BASED ENERGY AND EMISSIONS MONITORING EMBEDDED IN CONVEYOR CONTROLS
 
 
 
 
7.2.3
USE OF RECYCLABLE, BIO-BASED, AND LONG-LIFE BELT MATERIALS TO REDUCE WASTE AND REPLACEMENT CYCLES
 
 
 
 
7.2.4
INTEGRATION OF CONVEYORS INTO RENEWABLE-POWERED WAREHOUSES, PORTS, AND MINING OPERATIONS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
 
8.2.1
KEY STAKEHOLDERS IN THE BUYING PROCESS
 
 
 
 
8.2.2
BUYING CRITERIA
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
CONVEYOR SYSTEM MARKET, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
BELT
 
 
 
 
9.3
ROLLER
 
 
 
 
9.4
TRI-PLANAR
 
 
 
 
9.5
CRESCENT
 
 
 
 
9.6
PALLET
 
 
 
 
9.7
OVERHEAD
 
 
 
 
9.8
FLOOR
 
 
 
 
9.9
BUCKET
 
 
 
 
9.10
CABLE
 
 
 
 
9.11
OTHER TYPES
 
 
 
 
9.12
KEY PRIMARY INSIGHTS
 
 
 
10
CONVEYOR SYSTEM MARKET, BY COMPONENT
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
ALUMINUM PROFILE
 
 
 
 
10.3
DRIVING UNIT
 
 
 
 
10.4
EXTREMITY UNIT
 
 
 
 
10.5
OTHER COMPONENTS
 
 
 
 
10.6
KEY PRIMARY INSIGHTS
 
 
 
11
CONVEYOR SYSTEM MARKET, BY OPERATION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
MANUAL
 
 
 
 
11.3
SEMI-AUTOMATIC
 
 
 
 
11.4
AUTOMATIC
 
 
 
 
11.5
KEY PRIMARY INSIGHTS
 
 
 
12
CONVEYOR SYSTEM MARKET FOR AIRPORT INDUSTRY, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
BELT
 
 
 
 
12.3
CRESCENT
 
 
 
 
12.4
TRI-PLANAR
 
 
 
 
12.5
OTHER TYPES
 
 
 
 
12.6
KEY PRIMARY INSIGHTS
 
 
 
13
CONVEYOR SYSTEM MARKET FOR RETAIL & DISTRIBUTION INDUSTRY, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
BELT
 
 
 
 
13.3
ROLLER
 
 
 
 
13.4
PALLET
 
 
 
 
13.5
OTHER TYPES
 
 
 
 
13.6
KEY PRIMARY INSIGHTS
 
 
 
14
CONVEYOR SYSTEM MARKET FOR MINING INDUSTRY, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
BELT
 
 
 
 
14.3
CABLE
 
 
 
 
14.4
BUCKET
 
 
 
 
14.5
OTHER TYPES
 
 
 
 
14.6
KEY PRIMARY INSIGHTS
 
 
 
15
MINING CONVEYOR SYSTEM MARKET, BY APPLICATION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
15.2
OPEN-PIT MINING
 
 
 
 
15.3
UNDERGROUND MINING
 
 
 
 
15.4
KEY PRIMARY INSIGHTS
 
 
 
16
MINING CONVEYOR SYSTEM MARKET, BY TECHNOLOGY
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
16.1
INTRODUCTION
 
 
 
 
16.2
DRIVE
 
 
 
 
16.3
GEARLESS
 
 
 
 
16.4
AUTOMATED
 
 
 
 
16.5
KEY PRIMARY INSIGHTS
 
 
 
17
CONVEYOR SYSTEM MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
17.1
INTRODUCTION
 
 
 
 
17.2
FLOOR
 
 
 
 
17.3
OVERHEAD
 
 
 
 
17.4
ROLLER
 
 
 
 
17.5
OTHER TYPES
 
 
 
 
17.6
KEY PRIMARY INSIGHTS
 
 
 
18
CONVEYOR SYSTEM MARKET FOR ELECTRONICS INDUSTRY, BY TYPE
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
18.1
INTRODUCTION
 
 
 
 
18.2
BELT
 
 
 
 
18.3
ROLLER
 
 
 
 
18.4
OTHER TYPES
 
 
 
 
18.5
KEY PRIMARY INSIGHTS
 
 
 
19
CONVEYOR SYSTEM MARKET FOR FOOD & BEVERAGE INDUSTRY, BY SUB-INDUSTRY
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
19.1
INTRODUCTION
 
 
 
 
19.2
MEAT & POULTRY
 
 
 
 
19.3
DAIRY
 
 
 
 
19.4
OTHER SUB-INDUSTRIES
 
 
 
 
19.5
KEY PRIMARY INSIGHTS
 
 
 
20
CONVEYOR SYSTEM MARKET, BY REGION
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
20.1
INTRODUCTION
 
 
 
 
20.2
ASIA PACIFIC
 
 
 
 
 
20.2.1
CHINA
 
 
 
 
20.2.2
JAPAN
 
 
 
 
20.2.3
INDIA
 
 
 
 
20.2.4
SOUTH KOREA
 
 
 
 
20.2.5
REST OF ASIA PACIFIC
 
 
 
20.3
EUROPE
 
 
 
 
 
20.3.1
GERMANY
 
 
 
 
20.3.2
FRANCE
 
 
 
 
20.3.3
UK
 
 
 
 
20.3.4
SPAIN
 
 
 
 
20.3.5
ITALY
 
 
 
 
20.3.6
RUSSIA
 
 
 
 
20.3.7
REST OF EUROPE
 
 
 
20.4
NORTH AMERICA
 
 
 
 
 
20.4.1
US
 
 
 
 
20.4.2
CANADA
 
 
 
 
20.4.3
MEXICO
 
 
 
20.5
REST OF THE WORLD
 
 
 
 
 
20.5.1
BRAZIL
 
 
 
 
20.5.2
SOUTH AFRICA
 
 
 
 
20.5.3
TURKEY
 
 
 
 
20.5.4
OTHERS
 
 
21
COMPETITIVE LANDSCAPE
 
 
 
 
 
21.1
OVERVIEW
 
 
 
 
21.2
KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
 
 
 
 
21.3
MARKET SHARE ANALYSIS,
 
 
 
 
 
21.4
REVENUE ANALYSIS OF TOP LISTED/PUBLIC PLAYERS (2021-2025)
 
 
 
 
 
21.5
BRAND/ PRODUCT COMPARISON
 
 
 
 
 
21.6
COMPANY VALUATION AND FINANCIAL MATRICS
 
 
 
 
21.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
21.7.1
STARS
 
 
 
 
21.7.2
EMERGING LEADERS
 
 
 
 
21.7.3
PERVASIVE PLAYERS
 
 
 
 
21.7.4
PARTICIPANTS
 
 
 
 
21.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
21.7.5.1
COMPANY FOOTPRINT
 
 
 
 
21.7.5.2
REGION FOOTPRINT
 
 
 
 
21.7.5.3
TYPE FOOTPRINT
 
 
 
 
21.7.5.4
OPERATION FOOTPRINT
 
 
 
 
21.7.5.5
COMPONENT FOOTPRINT
 
 
21.8
COMPANY EVALUATION MATRIX: START-UPS/SMES,
 
 
 
 
 
 
21.8.1
PROGRESSIVE COMPANIES
 
 
 
 
21.8.2
RESPONSIVE COMPANIES
 
 
 
 
21.8.3
DYNAMIC COMPANIES
 
 
 
 
21.8.4
STARTING BLOCKS
 
 
 
 
21.8.5
COMPETITIVE BENCHMARKING: START-UPS/SMES,
 
 
 
 
 
21.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
21.8.5.2
COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
 
 
21.9
COMPETITIVE SCENARIO
 
 
 
 
 
21.9.1
NEW PRODUCT DEVELOPMENT
 
 
 
 
21.9.2
DEALS
 
 
 
 
21.9.3
EXPANSIONS
 
 
 
 
21.9.4
OTHERS
 
 
22
COMPANY PROFILES
 
 
 
 
 
22.1
KEY PLAYERS
 
 
 
 
 
22.1.1
SIEMENS AG
 
 
 
 
 
22.1.1.1
BUSINESS OVERVIEW
 
 
 
 
22.1.1.2
PRODUCTS/SOLUTIONS/SERVICES OFFERED
 
 
 
 
22.1.1.3
MNM VIEW
 
 
 
22.1.2
CONTINENTAL AG
 
 
 
 
22.1.3
DAIFUKU CO., LTD.
 
 
 
 
22.1.4
FIVES GROUP
 
 
 
 
22.1.5
SWISSLOG HOLDING AG
 
 
 
 
22.1.6
TAIKISHA LTD
 
 
 
 
22.1.7
HONEYWELL INTERNATIONAL INC.
 
 
 
 
22.1.8
INTERROLL GROUP
 
 
 
 
22.1.9
METSO OUTOTEC
 
 
 
 
22.1.10
MURATA MACHINERY, LTD.
 
 
 
 
22.1.11
DURR GROUP
 
 
 
 
22.1.12
BOSCH REXROTH KFT.
 
 
 
(*COMPANY PROFILE WOULD COVER BUSINESS OVERVIEW, PRODUCTS OFFERED, DEALS, MNM VIEW)
 
 
 
 
 
*DETAILS ON BUSINESS OVERVIEW, PRODUCTS OFFERED, DEALS, AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.
 
 
 
 
 
22.2
OTHER KEY PLAYERS
 
 
 
 
 
22.2.1
KNAPP AG
 
 
 
 
22.2.2
VANDERLANDE INDUSTRIES B.V.
 
 
 
 
22.2.3
SEMPERIT AG HOLDING
 
 
 
 
22.2.4
BEUMER GROUP
 
 
 
 
22.2.5
KARDEX
 
 
 
 
22.2.6
DEMATIC
 
 
 
 
22.2.7
SSI SCHAEFER
 
 
 
 
22.2.8
BASTIAN SOLUTIONS, LLC
 
 
 
 
22.2.9
INVATA INTRALOGISTICS
 
 
 
 
22.2.10
WESTFALIA TECHNOLOGIES, INC.
 
 
 
 
22.2.11
MHS GLOBAL
 
 
 
 
22.2.12
DMW&H
 
 
 
 
22.2.13
OMNIA DELLA TOFFOLA SPA
 
 
 
 
22.2.14
FLEXLINK
 
 
 
 
22.2.15
MECALUX, S.A.
 
 
 
 
22.2.16
FLEXICON CORPORATION
 
 
 
(*QUALITATIVE WRITE-UP WOULD BE PROVIDED FOR OTHER KEY PLAYERS)
 
 
 
 
23
RESEARCH METHODOLOGY
 
 
 
 
 
23.1
RESEARCH DATA
 
 
 
 
 
23.1.1
SECONDARY DATA
 
 
 
 
 
23.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
23.1.2
PRIMARY DATA
 
 
 
 
 
23.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
23.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
23.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
23.1.2.4
KEY INDUSTRY INSIGHTS
 
 
23.2
MARKET SIZE ESTIMATION
 
 
 
 
 
23.2.1
BOTTOM-UP APPROACH
 
 
 
 
23.2.2
TOP-DOWN APPROACH
 
 
 
 
23.2.3
BASE NUMBER CALCULATION
 
 
 
23.3
MARKET FORECAST APPROACH
 
 
 
 
 
23.3.1
SUPPLY SIDE
 
 
 
 
23.3.2
DEMAND SIDE
 
 
 
23.4
DATA TRIANGULATION
 
 
 
 
23.5
FACTOR ANALYSIS
 
 
 
 
23.6
RESEARCH ASSUMPTIONS
 
 
 
 
23.7
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
 
24
APPENDIX
 
 
 
 
 
24.1
DISCUSSION GUIDE
 
 
 
 
24.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
24.3
CUSTOMIZATION OPTIONS
 
 
 
 
24.4
RELATED REPORTS
 
 
 
 
24.5
AUTHOR DETAILS
 
 
 

The research study involved extensive secondary sources, such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, World Economic Outlook, trade websites, technical articles, and databases, to identify and collect information on the Conveyor System  market. Primary sources, such as experts from related industries, automobile OEMs, and suppliers, were interviewed to obtain and verify critical information and assess the growth prospects and market estimations.

Secondary Research

Secondary sources for this research study include corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; whitepapers, marklines, and the OICA (International Organization of Motor Vehicle Manufacturers); certified publications; articles by recognized authors; directories; and databases. Secondary data was collected and analyzed to determine the overall market size, further validated by primary research.

Primary Research

Extensive primary research was conducted after understanding the Conveyor System  market scenario through secondary research. Several primary interviews were conducted with market experts from the demand side (vehicle manufacturers, country-level government associations, and trade associations) and the supply side (Conveyor System  and buses manufacturers, component providers, and system integrators). The regions considered for the research include North America, Europe, the Asia Pacific, and the Rest of the World. Primary data was collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and marketing, were covered to provide a holistic viewpoint in this report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from the primaries. This, along with the in-house subject matter experts’ opinions, led to the findings described in this report.

Conveyor System Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

A detailed market estimation approach was followed to estimate and validate the volume and value of the Conveyor System  market and other submarkets, as mentioned below.

  • Secondary research was done to identify key players in the Conveyor System  market. Their global market share was determined through primary and secondary research.
  • The research methodology included studying the annual and quarterly financial reports & regulatory filings of major market players and interviews with industry experts for detailed market insights.
  • All major penetration rates, percentage shares, splits, and breakdowns for the Conveyor System  market across end users were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the validated and verified quantitative & qualitative data.
  • The gathered market data was consolidated and added with detailed inputs, analyzed, and presented in this report.

Conveyor System  market Size: Bottom-Up Approach

Conveyor System Market Bottom Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Conveyor System  market Size: Top-Down Approach

Conveyor System Market Top Down Approach

Data Triangulation

After arriving at the overall market size through bottom-up approach, the conveyor system market was split into several segments and subsegments. Where applicable, the data triangulation procedure was employed to complete the overall market engineering process and arrive at the exact market value for key segments and subsegments. The extrapolated market data was triangulated by studying various macro indicators and regional trends from both the demand- and supply-side participants.

Market Definition

Conveyor System  market: Britannica defines a conveyor as any device that provides mechanized movement of material, such as in a factory; it is used principally in industrial applications and on large farms, as well as in warehousing and freight handling for moving raw materials. Conveyors may be only a few inches in length, or they may be integrated systems several miles long.

Key Stakeholders

  • Automation System Manufacturers
  • Automotive Ancillary Players
  • Automotive OEMs
  • Conveyor Original Equipment Manufacturers (OEMs)
  • Conveyor System Component Manufacturers
  • Conveyor System Cybersecurity Providers
  • Electronics Companies
  • Food & Beverage Companies
  • Industrial Machinery Insurance Providers
  • Legal and Regulatory Authorities
  • Mining Companies
  • Raw Material Suppliers
  • Sensor Manufacturers
  • Software Providers
  • Traders, Distributors, and Suppliers

Report Objectives

  • To define, segment, analyze, and forecast the conveyor system market, in terms of volume (thousand meters) and value (USD million) between 2024 and 2030 based on:
  • To segment and forecast the market size, by type (roller, pallet, overhead, tri-planar, bucket, floor, cable, crescent, and other types)
  • To segment and forecast the market size, by operation (manual, automatic, and semi-automatic)
  • To segment and forecast the market size, by component (aluminum profile, driving unit, extremity unit, and other components)
  • To segment and forecast the market size for the airport industry, by type (belt, tri-planar, crescent, and other types)
  • To segment and forecast the market size for the retail & distribution industry, by type (belt, roller, pallet, and other types)
  • To segment and forecast the market size for the automotive industry, by type (overhead, floor, roller, and other types)
  • To segment and forecast the market size for the mining industry, by type (belt, cable, bucket, and other types)
  • To segment and forecast the market size for the electronics industry, by type (belt, roller, and other types)
  • To segment and forecast the market size for the food & beverage industry, by sub-industry (meat & poultry, dairy, and other types)
  • To segment and forecast the mining conveyor system market size, by application (open-pit mining and underground mining)
  • To segment and forecast the mining conveyor system market size, by technology (drive, gearless, and automated)
  • To segment and forecast the market size, by region (Asia Pacific, Europe, North America, and Rest of the World)
  • To provide detailed information about the factors influencing the market growth (drivers, challenges, restraints, and opportunities)
  • To strategically analyze the market, considering individual growth trends, prospects, and contributions to the total market
  • To study the following factors with respect to the market:
    • Supply Chain Analysis
    • Ecosystem Analysis
    • Technology Analysis
    • Pricing Analysis
    • Trade Data
    • Case Study Analysis
    • Patent Analysis
    • Impact of Generative AI
    • Regulatory Landscape
    • Key Stakeholders and Buying Criteria
    • Key Conferences and Events
  • To determine the following with respect to the market:
  • Market Share Analysis
  • To analyze the competitive landscape and prepare a competitive leadership mapping/market quadrant for the global players operating in the conveyor system market
  • To analyze recent developments, alliances, joint ventures, mergers & acquisitions, product launches, and other activities carried out by key participants in the conveyor system market

AVAILABLE CUSTOMIZATIONS

With the given market data, MarketsandMarkets offers customizations in accordance with a company’s specific needs.

RETAIL INDUSTRY CONVEYOR SYSTEM MARKET, BY TYPE (AT COUNTRY LEVEL)

  • Belt
  • Roller
  • Pallet

Note: The segment would be further segmented by region

Company profiles

  • Additional company profiles (up to five)

Previous Versions of this Report

Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) Component, Operation & Region - Global Forecast to 2027

Report Code AT 4933
Published in Jun, 2022, By MarketsandMarkets™

Conveyor System Market by Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket, Others) Component, Operation, & Region - Global Forecast to 2025

Report Code AT 4933
Published in Jan, 2021, By MarketsandMarkets™

Conveyor System Market by Industry (Warehouse & Distribution, Food & Beverage – Meat, Poultry & Dairy, Automotive, Electronics, Mining, and Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) & Region - Global Forecast to 2025

Report Code AT 4933
Published in Jan, 2019, By MarketsandMarkets™

Conveyor System Market by Industry (Retail, Food & Beverage - Meat, Poultry & Dairy, Automotive and Airport), Type (Overhead, Floor, Roller, Pallet, Crescent, Belt), Belt Type (Light, Medium, and Heavy Weight Belt), and Region - Global Forecast to 2021

Report Code AT 4933
Published in Jan, 2017, By MarketsandMarkets™

Conveyor Systems Market by Conveyor Types (Roller, Belt, Overhead, Pallet, Crescent & others), Industry (Automotive, Airport, Retail and Food & Beverage) and Geography (Asia-Pacific, Europe, Americas & ROW): Industry Trends & Forecast to 2018

Report Code ED 2345
Published in Apr, 2014, By MarketsandMarkets™
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Growth opportunities and latent adjacency in Conveyor System Market

Amey

Nov, 2019

I am tryin to understand our market and specifically a maintenance and services market around conveyor belts..

Amey

Nov, 2019

I found the TOC to be exhaustive enough, however I would like to know Few more points, -Can you customize the reports and what will be the cost of customization. - What will be the turnaround time for complete ready report and customized report - Do you provide cost driver analysis as the TOC does not specifically mention about the same - Supplier profiling in this industry - Would need a sample report .

Amey

Nov, 2019

We are interested in fire resistant conveyer belts. Best known for mining. We are looking for trends in this area. Also what are FR requirements of other conveyer belt types.

Amey

Nov, 2019

Hi, I work for a strategy consultancy based in London that works heavily in the industrial space. I would like to purchase the report on the conveying systems, and would like to see a sample before making the decision to buy. .

Amey

Nov, 2019

Looking for Australia specific info ONLY. Also, what is the full list of industries covered? We are most interested in mining, materials handling and heavy industry. Based on this can you advise if report can be customised..

Amey

Nov, 2019

I am interested in the total market share of the companies listed in the report. Also interested in the market size of each conveyor type (i.e., Roller, Belt, Pallet, etc.) automation, mobile robotic, robotic, material handling, logistic, conveyors, automotive, production equipment, AGV, etc..

Amey

Nov, 2019

I want to see the contents on Global forecast, US market forecast and the competition section from your report. I would appreciate your help. Certainly we may ended up buying the complete report if it is satisfactory .

Amey

Nov, 2019

Interested in belt conveyors for mining and industry at large. Would like to have an idea of the installed base and owners or contacts if possible. .

Amey

Nov, 2019

I have a client researching conveyor market technology and sizing the market for vacuum conveyors in particular. Thank you very much. John.

Amey

Nov, 2019

I am only interested in the conveyor belts market in Brazil. I need to understand which information on this specific market you can provide us with (market size per industry segment, competitive landscape, products etc.). Lastly, is there any possibility to purchase the Brazilian portion only?.

Amey

Nov, 2019

I just wanted to ask if there are production units available in this report or only market data in Sales/ Revenues. Specific interest would also be the share of conveyors which is driven electrically, for example, electric motors. Thanks a lot for a short feedback..

Amey

Nov, 2019

I would like to know if the report contains anything specifically about the categories of conveyor systems used by the mining industry, as well as if there is any specific information on the Brazilian market within the "Americas" section of the report..

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