| Status : Published | Published On : Mar, 2024 | Report Code : | Industry : ICT & Media | Available Format :
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Page : 184 |
Global Conveyor System Market - Analysis and Forecast (2025-2030)
Industry Insights By Type (Belt, Roller, Overhead, and Pallet), By Industry (Airport, Retail, Automotive, Food & Beverages, Supply Chain & Logistics, Pharmaceuticals, Mining, and Others), By Location (In-floor, On-floor and Overhead), By Load (Unit Load and Bulk Load), By Geography (North America, Asia-Pacific, Europe and Rest of the World)
Industry Overview
Global Conveyor System Market is projected from USD 10.4 billion in 2023 to be USD 13.9 billion by 2030 with a CAGR of 5.8 % during the forecast period 2025 - 2030.
Conveyor system consists of a series of rollers, continuous belt and chain that carries products from one location to another within a manufacturing unit or facility. This system is used to transport goods, components, or raw materials efficiently. Conveyor systems are widely used in a variety of industries, like manufacturing, warehousing, distribution and logistics. The processes are streamlined by automating material handling tasks that includes loading, unloading, sorting and packaging which assures low labor costs, increase productivity and eliminate the danger of human mistakes. In modern industrial operations, conveyor systems are important because of their versatility and capacity to handle a various range of possessions.
Market Segmentation
Insight by Type
Based on vehicle type, the Conveyor System Market is segregated into Belt, Roller, Overhead, and Pallet. The belt segment is projected to dominate the market share with the highest CAGR during the forecast period due to its toughness and durability that handle the heavy items efficiently.
Insight by Industry
The Conveyor System Market is segmented by industry into Airport, Retail, Automotive, Food & Beverages, Supply Chain & Logistics, Pharmaceuticals, Mining, and Others. The retail segment is to dominate the market due to its rapid growth during the past years.
Insight by Location
Based on Location, the market is classified into In-floor, On-floor and Overhead. Overhead segment is projected to dominate the market during the forecast period due to the distinct advantages in terms of space utilisation and operational efficiency.
Insight by Load
The conveyor market is bifurcated into Unit Load and Bulk Load on the basis of load. The unit load segment shall mark the highest growth in the market during the forecast period as it is extensively used in various industries, including manufacturing, retail, and logistics.
Global Conveyor System Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 10.4 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 13.9 Billion |
|
Growth Rate |
5.8% |
|
Segments Covered in the Report |
By Type, By Industry, By Location, By Load |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Asia-Pacific, Europe and Rest of the World |
Industry Dynamics
Growth Drivers
The increasing adoption of automated technologies across various industries and growing need for transportation quickly from one place to another especially in a manufacturing unit is boosting the demand for the conveyor system. Conveyor system helps in handling of the larger volume of goods in an efficient manner, which ultimately advances the growth of different industries such as automotive, food & beverages and retail. The rising adoption of automation in packaging industry is also the growth factor of the market during the forecast period. Excess use of labor can be limited with the help of conveyor system which reduces operational costs and improves efficiency. Furthermore, rising government initiatives to develop manufacturing facilities is also a significant factor that is expected to drive the growth of the global conveyor system market during the forecast period. The increasing competition in the packaging, automotive, retail and food & beverages sector is highly driving the adoption of automated equipment that encourage the demand for the conveyor system across the globe.
Restraints
The major restraint of the conveyor system market is the skilled personnel for maintenance and repair of the systems. Many companies have manufacturing operations in various locations but the workforce required to maintain repair these systems is quite low. Hence due to this growth of the global Conveyor System Market shall be hampered. Also lack of information and funds may hamper the growth of this market. Conveyor systems have many moving parts and prone to minor problems that may create big issues in the systems. Higher problems are created due to complex conveyor systems hindering this market from growth.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World
Geographically, Europe dominated the global conveyor system market in terms of revenue during the forecast period. The early adoption of the conveyor system and the presence of top automotive companies in the region is expected to drive the growth of the market during the forecast period.
Key Players Covered in the Report
The key players of the global Conveyor System Market are Taikisha Ltd., Daifuku Co., Ltd., Emerson Electric Co., SSI Schäfer AG, Siemens AG, Swisslog Holding AG., Continental Conveyor, Bastian Solutions, Inc., Conveyor Systems Ltd, Dematic, Interroll (Schweiz) AG, Dürr AG, ATS Automation Tooling Systems Inc., Toyota Industries Corporation, Invata Intralogistics
Recent Development by Key Players
Recently, Siemens introduced a new powerful and compact drive system (SINAMICS G115D) particularly designed for horizontal conveyor. This system comprises of the drive, motor and gearbox offered in two versions. The SINAMICS G115D drive system is characterized by a robust design with a high IP protection class (up to IP66 / UL Type 4X) that is suitable for use in harsh environments. The drive system can also be operated reliably over a wide temperature range of -30 to 55 degrees Celsius enabling operation in deep freezing applications.
A cost effective solution, A IO-Link master used for analogue and smart sensor connectivity on the AVENTICS Series G3 Fieldbus platform is introduced by Emerson. This solution is appropriate for machine architectures with various pneumatic valves and sensors, to have reliable digital data communication between sensors and the machine controller. Automotive, packaging, food and beverage, tyre manufacturing and metalworking are the industries which use this solution.
The global Conveyor System Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Type
- Belt
- Roller
- Overhead
- Pallet
- By Industry
- Airport
- Retail
- Automotive
- Food & Beverages
- Supply Chain & Logistics
- Pharmaceuticals
- Mining
- Others
- By Location
- In-floor
- On-floor
- Overhead
- By Load
- Unit Load
- Bulk Load
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- Rest of the World
- Brazil
- Saudi Arabia
- South Africa
- U.A.E
- Other Countries
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Conveyor System Market