The global conveying equipment market size surpassed at USD 60.9 billion in 2020 and is expected to grow at a CAGR of 3% from 2021 to 2027.
The global conveying equipment market size is projected to reach USD 76.5 billion by 2027. The growth of this market can be attributed to the rising demand for highly efficient material handling systems in food & beverage, automotive, and warehouse and distribution industries.
Conveying equipment is used as a goods carrier application in numerous industries including food and beverage, mining, automotive, airports, and electronics, among others. Conveyors can be designed to handle material of any shape and size. The major benefit offered by conveying equipment comprises low cost, higher productivity, and increased operational efficiency.
The demand for warehouses is rising owing to the significant growth of e-commerce, supermarkets, and online retailers, which, in turn, projected to have a positive impact on the market over the forecast period. Furthermore, the expansion of airports and the development of new airports especially in the Asia Pacific and North America projected to drive the market during the forecast period.
The global conveying market is highly competitive in nature. Key players are adopting various strategies including technological developments, merger & acquisitions, partnership, and capacity expansion in order to gain competitive advantage. For instance, in April 2019, Daifuku Co, Ltd. acquired India-based Vega Conveyors and Automation Private Limited.
Report Highlights
Belt conveyor was the dominant material segment and accounted for 24.2% of the overall revenue share in 2019 owing to a rise in the demand for belt conveyor in food and beverage, pharmaceutical, airport, and mining applications. It is the most common conveying equipment which offers a wide variety of application across the industries. Belt conveyors can be operated at various speeds depending on the throughput required by using variable speed drive.
Overhead conveyors are projected to register a CAGR of 3% from 2020 to 2027. Overhead conveyors are usually used in material handling applications where products need to be hung 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 to conveying bulk materials in bins or pallets. It uses a chain, or multiple chains to transfer pallets or other hard-to-convey products. Bucket conveyors use multi-sided containers to convey products. They are used in various applications including bulk material, parts, or food handling and processing.
The unit load segment dominated the global conveying equipment market and accounted for 44.5% of the total demand in 2019. The use of unit handling equipment is primarily for handling small batches 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.
Global parts & attachments segment expanding at an estimated CAGR of 3.1% from 2020 to 2027. Parts and attachments are not only used in other conveying equipment but also used separately as an independent machine for light-weighted activities. This has given a boost to the market demand for parts and attachments.
The warehouse and distribution end-use segment dominated the market by accounting for a share of 22.1% of the total revenue share in 2019 on account of the growing demand for the e-commerce industry. Furthermore, significant growth of supermarkets online retails, and distribution centers, especially in the Asia Pacific, and North America, projected to have a positive impact on the market
Conveying equipment is extensively used in the food and beverage industry. Belt conveyor is the most commonly used conveyor that is used in the packaging and processing of food products. Belt conveyors can be used to horizontally transport, elevate, or decline material for cooling, inspection, storing, or conveying. Other conveyors such as screw, vibratory, aero-mechanical conveyors are also used in food processing industries.
Conveying equipment has a wide range of applications in the automotive industry including moving parts, indexing, processing, vision integration, welding, and moving parts for assembly lines. Belt conveyor, roller conveyor, overhead conveyor, and slat conveyor are the commonly used conveyor types in the automotive industry. The automotive end-use segment is anticipated to register a CAGR of 2.5% over the forecast period.
Conveying equipment finds its 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 anticipated having a positive impact on the market over the forecast period.
Regional Insights
Asia Pacific was the largest consumer of conveying equipment, accounting for over 30.3% of the total revenue share in 2019 and is expected to witness moderate growth over the forecast period. An increasing number of industries and requirements for fast as well as efficient material handling system products is expected to drive the market growth in this region.
North America conveying equipment market has been witnessing stagnant growth rates over the last few years owing to increasing governmental norms and standards and the trend is expected to continue over the forecast period. A major opportunity exists for the conveying equipment with respect to technology as the market can innovate better products to facilitate customized needs.
Europe conveying equipment market projected to expand at a CAGR of 2.5% over the forecast period on account of increasing construction and infrastructure spending coupled with increasing industries in this region. The market growth is further augmented by the increasing automation and reducing human efforts in manufacturing plants and distribution centers.
Central and South America offer 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 expected to exhibit a significant leap in terms of industrialization, which, in turn, expected to have a positive impact on the market.
Some of the prominent players in the conveying equipment market include:
Daifuku Co., Ltd.
Beumer Group GmbH & Co., KG
Fenner Group Holdings Ltd
Fives Group
Flexlink, Intelligrated, Inc
Jungheinrich AG
Kardex Group
Kion Group AG
KUKA AG
Murata Machinery, Ltd
Phoenix Conveyor Belt System
Siemens AG
TGW Logistics Group GmbH
Continental
Emerson
Market Segmentation
Type Outlook
Belt
Roller
Pallet
Overhead
Chain conveyors
Others
Product Outlook
Unit handling
Bulk handling
Parts & attachments
End-use Outlook
Food & Beverage
Warehouse & Distribution
Automotive
Airport
Mining
Electronics
Others
Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Germany
France
Italy
Asia Pacific
China
India
Japan
Central & South America
Brazil
Argentina
The Middle East & Africa
Saudi Arabia
UAE
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Conveying Equipment Market, By Type
7.1. Conveying Equipment Market, by Type 2021-2027
7.1.1. Belt
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Roller
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Pallet
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Overhead
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Chain conveyors
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Others
7.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Conveying Equipment Market, By Application
8.1. Conveying Equipment Market, by Application, 2021-2027
8.1.1. Food & Beverage
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Warehouse & Distribution
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Automotive
8.1.3.1. Market Revenue and Forecast (2016-2027)
8.1.4. Airport
8.1.4.1. Market Revenue and Forecast (2016-2027)
8.1.5. Mining
8.1.5.1. Market Revenue and Forecast (2016-2027)
8.1.6. Electronics
8.1.6.1. Market Revenue and Forecast (2016-2027)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Conveying Equipment Market, By Product
9.1. Conveying Equipment Market, by Product, 2021-2027
9.1.1. Unit handling
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Bulk handling
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Parts & attachments
9.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Conveying Equipment Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.3. Market Revenue and Forecast, by Product (2016-2027)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.1.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.1.5.3. Market Revenue and Forecast, by Product (2016-2027)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.3. Market Revenue and Forecast, by Product (2016-2027)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.5.3. Market Revenue and Forecast, by Product (2016-2027)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.6.3. Market Revenue and Forecast, by Product (2016-2027)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.2.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.2.7.3. Market Revenue and Forecast, by Product (2016-2027)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.3. Market Revenue and Forecast, by Product (2016-2027)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.5.3. Market Revenue and Forecast, by Product (2016-2027)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.6.3. Market Revenue and Forecast, by Product (2016-2027)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.3.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.3.7.3. Market Revenue and Forecast, by Product (2016-2027)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.5.3. Market Revenue and Forecast, by Product (2016-2027)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.6.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.6.3. Market Revenue and Forecast, by Product (2016-2027)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
10.4.7.2. Market Revenue and Forecast, by Application (2016-2027)
10.4.7.3. Market Revenue and Forecast, by Product (2016-2027)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.3. Market Revenue and Forecast, by Product (2016-2027)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.4.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.4.3. Market Revenue and Forecast, by Product (2016-2027)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
10.5.5.2. Market Revenue and Forecast, by Application (2016-2027)
10.5.5.3. Market Revenue and Forecast, by Product (2016-2027)
Chapter 11. Company Profiles
11.1. Daifuku Co., Ltd.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Beumer Group GmbH & Co., KG
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Fenner Group Holdings Ltd
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Fives Group
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Flexlink, Intelligrated, Inc
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Jungheinrich AG
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Kardex Group
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Kion Group AG
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. KUKA AG
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Murata Machinery, Ltd
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Phoenix Conveyor Belt System
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Siemens AG
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. TGW Logistics Group GmbH
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers