Conveyor Systems Market Size, Growth, Forecast Report 2032

Conveyor Systems Market: Industry Perspective

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.

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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.

Conveyor systems involve the assembly of mechanical equipment that is utilized in a wide range of industries, such as manufacturing, automotive, food and beverage, retail, and transportation. Conveyors are mainly utilized to save time and reduce faults that occur while handling products or materials manually. The rising demand for delivering and handling materials of various industries has enhanced the popularity of conveyor systems. Currently, diverse industries are on the verge of adopting high standards of quality with the help of conveyor systems. Basically, conveyor systems are the most effective and preferred equipment utilized for material handling purposes across different sectors worldwide.

Various companies engaged in manufacturing are not only concentrating on improving their production efficiency but also making significant investments for cutting down production cost and material handling expenses. The well-being of the factory workers along with increased production efficiency is likely to drive the conveyor systems market globally in the future. Additionally, the need for handling customized equipment is anticipated to further fuel the conveyor systems market globally in the upcoming years. The ongoing developments coupled with the rise in the demand for automation across various industry verticals is also projected to enhance the market growth in the years ahead. Moreover, the increased production efficiency of various industry verticals has also led to an increase in the demand for assembling units. The need and urgency for the speedy flow of materials are anticipated to contribute notably toward the conveyor systems market in the upcoming years. However, the high installation costs of the conveyor systems may hamper the market in the future.

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.

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Conveyor Systems Market: Report Scope

Based on the type, the conveyor systems market is segmented into the roller, belt, overhead, pallet, and others.

On the basis of application, the conveyor systems market is segmented into automotive, airport, retail, and others.

By region, Europe held a significant revenue share of the global conveyor systems market in 2024 and is expected to dominate in the upcoming years. This can be attributed to the growing acceptance of conveyor systems in the retail sector, especially in UK, Russia, etc., and the rising demand for new and advanced conveyor designs that occupy nominal space in the warehouse or manufacturing plant. North America is expected to provide significant growth opportunities for the global conveyor systems market in the years ahead, owing to the presence of mining and manufacturing plants in Ohio, Montana, Arizona, and Utah and the need for conveyor systems in the mining and manufacturing facilities to transport raw materials over long distances.

Key Market Players & Competitive Landscape

Some key players operating in the global conveyor systems market are :

• 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.

This report segments the global conveyor systems market into:

Global Conveyor Systems Market: Type Analysis

• Belt
• Pallet
• Roller
• Overhead
• Others

Global Conveyor Systems Market: Application Analysis

• Automotive
• Airport
• Retail
• Others

Global Conveyor Systems Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa