Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 9.98 Billion | USD 17.15 Billion | 6.2% | 2023 |
The global conveyor systems market size was worth around USD 9.98 Billion in 2023 and is predicted to grow to around USD 17.15 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.2% between 2024 and 2032. The report analyzes the global conveyor systems market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the conveyor systems industry.
The report covers a forecast and an analysis of the conveyor systems market on a global and regional level. The study provides historical data for 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints of the conveyor systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the conveyor systems market on a global level.
In order to give the users of this report a comprehensive view of the conveyor systems market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launches, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study also covers price trend analysis and product portfolio of various companies according to regions.
Report Attributes | Report Details |
---|---|
Report Name | Conveyor Systems Market |
Market Size in 2023 | USD 9.98 Billion |
Market Forecast in 2032 | USD 17.15 Billion |
Growth Rate | CAGR of 6.2% |
Number of Pages | 210 |
Key Companies Covered | Swisslog Holding AG, Taikisha Ltd., Emerson Electric Co., Interroll Holding Ltd., Dematic Group S.R.L., SSI Schaefer AG, TGW Logistics Group GmbH, Vanderlande Industries, Siemens AG, Daifuku Co.,Ltd |
Segments Covered | By Type, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The study provides a decisive view of the conveyor systems market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some key players operating in the global conveyor systems market are :
This report segments the global conveyor systems market into:
Global Conveyor Systems Market: Type Analysis
Global Conveyor Systems Market: Application Analysis
Global Conveyor Systems Market: Regional Analysis
FrequentlyAsked Questions
A conveyor system is a mechanical handling equipment used to move materials, products, and goods from one location to another within a facility or between different stages of a production process.
Industry Automation and Industry 4.0: The continued adoption of industry automation and Industry 4.0 practices in various sectors, including manufacturing, logistics, and warehousing, drove the demand for conveyor systems. Automated conveyor systems improve operational efficiency, reduce labor costs, and enhance overall productivity.
According to a study, the global conveyor systems market size was worth around USD 9.98 billion in 2023 and is expected to reach USD 17.15 billion by 2032.
The global conveyor systems market is expected to grow at a CAGR of 6.2% during the forecast period.
Europe held a significant revenue share of the global conveyor systems market in 2023 and is expected to dominate in the upcoming years.
Swisslog Holding AG, Taikisha Ltd., Emerson Electric Co., Interroll Holding Ltd., Dematic Group S.R.L., SSI Schaefer AG, TGW Logistics Group GmbH, Vanderlande Industries, Siemens AG, Daifuku Co.,Ltd.
RelatedNews
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed