Conveying Equipment Market Size - By Product, By Equipment Type, By Application, By Distribution Channel, Growth Forecast, 2025 - 2034

Conveying Equipment Market Size

The global conveying equipment market size was valued at USD 56.6 billion in 2024 and is projected to grow at a CAGR of 4% between 2025 and 2034, due to several factors, including industrial expansion, advancements in technology, and changing logistics requirements. A key driver of this market is the growth of the manufacturing sector, particularly in industries such as automotive, food & beverage, pharmaceuticals, and mining.
 

For instance, according to the United Nations Industrial Development Organization (UNIDO), global manufacturing output grew by 3.5% in 2023, with sectors like automotive and pharmaceuticals leading the charge. To enhance operational efficiency and increase production throughput, companies are increasingly adopting automated material handling systems, such as conveyors, which help reduce reliance on manual labor and minimize production downtime.
 

Another major factor driving the market is the rapid growth of e-commerce, which has led to a surge in warehousing and distribution center activities. According to the U.S. Census Bureau, e-commerce sales in the United States alone reached USD 1.2 trillion in 2023, marking a 7.8% increase from the previous year. This growth has created a heightened demand for conveying equipment, as online retailers and logistics providers rely on these systems for efficient sorting, packing, and movement of goods.
 

Additionally, the need for faster delivery times has prompted significant investments in high-speed, automated conveyor systems. For example, a report by the International Warehouse Logistics Association (IWLA) highlights that fulfillment centers globally are deploying advanced conveyor technologies to meet the rising demand for same-day and next-day deliveries.
 

Furthermore, government initiatives supporting industrial automation and smart manufacturing are also contributing to the market's growth. For instance, the European Union's "Industry 5.0" initiative emphasizes the adoption of advanced technologies, including automated material handling systems, to improve productivity and sustainability. Similarly, in the United States, the Department of Commerce has been promoting automation in manufacturing through grants and funding programs, further boosting the adoption of conveying equipment.
 

Conveying Equipment Market Trends

• The conveying equipment industry is undergoing significant changes driven by advancements in technology, evolving industry practices, and global economic factors. One of the most prominent trends is the increasing adoption of automation and smart technologies. Companies are heavily investing in intelligent conveying systems that incorporate sensors, Internet of Things (IoT) connectivity, and data analytics. According to a report by the International Federation of Robotics (IFR), global industrial robot installations reached 517,385 units in 2023, reflecting a growing reliance on automation across industries. This trend is fueled by labor shortages and rising operational costs, making automation a necessity rather than a luxury. For instance, automated conveying systems can reduce labor costs by up to 30% while improving operational efficiency.
   
• Another critical trend is the rising demand for energy-efficient and environmentally sustainable solutions. Manufacturers are focusing on developing conveyors that consume less energy, produce fewer emissions, and use recyclable or lightweight materials. The U.S. Department of Energy highlights that energy-efficient technologies in industrial equipment can reduce energy consumption by 20-30%. Belt conveyors equipped with variable frequency drives (VFDs), regenerative braking systems, and modular components are gaining traction due to their ability to lower energy usage and maintenance costs. These eco-friendly designs are particularly popular in regions with strict environmental regulations, such as the European Union, where the Green Deal aims to achieve net-zero carbon emissions by 2050. Additionally, companies are increasingly adopting these solutions to align with their sustainability goals and reduce their carbon footprint.
   
• Customization and modularity are also becoming essential in the conveying equipment market. End-users now demand flexible systems that can be easily adjusted or expanded to meet changing production requirements. Modular conveying solutions, which allow for quick installation, expansion, and reconfiguration, are particularly advantageous in industries like food processing, pharmaceuticals, and e-commerce. For example, the global e-commerce market, valued at approximately USD 5.7 trillion in 2023 (according to Statista), has driven the need for adaptable and scalable conveying systems to handle diverse product types and fluctuating order volumes. Similarly, the pharmaceutical industry, which saw a market size of USD 1.48 trillion in 2023 (as per IQVIA), requires modular systems to accommodate varying production lines and regulatory standards.
   

Trump Administration Tariff

• The tariffs elevated the price of relevant products from China, one of the primary suppliers for electrical and mechanical parts. U.S. conveyor manufacturers that were heavily reliant on Chinese imports faced increased expenses for production. This resulted in many companies either raising prices for their equipment—thus shifting the burden onto customers—or absorbing the costs, which would lead to profit margin erosion.
   
• In anticipation of tariff increases, many firms reconsidered their supplier strategies and moved away from China to other manufacturing countries like Vietnam, Mexico, and India. While this diversification was beneficial, it came with short-term disruptions and logistical challenges that impacted delivery schedules and milestone commitments.
   
• The intent of the tariffs was to foster the shift toward domestic manufacturing. Restructuring was beneficial for some domestic conveyor equipment manufacturers who faced a less aggressive competitive onslaught from Chinese imports. Still, the advantages were imbalanced due to the numerous companies that continued to rely on the global supply chain for most of the components which led to increased cost for crucial parts. The cost increases for parts superseded any competitive advantage possible achieved by cutting the Chinese competition.
   
• The lack of clarity surrounding cost extremes led end-users—especially those in sensitive to prices like agriculture, warehousing, and logistics—to postpone system upgrades, driving demand further down. This created a temporary softening in demand, particularly for mid-range and budget models of conveying equipment.
   
• Certain companies tried to obtain exemptions from the duties for particular components and materials that did not have any domestic substitutes, although the procedure was administrative and lengthy. Trade associations actively provided within the bounds of broader relief, contending that the duties were damaging to U.S. competitiveness far more than assisting.
   

Conveying Equipment Market Analysis

Based on the product, the conveying equipment market is divided into bulk handling equipment, unit handling equipment and parts & accessories. In 2024, unit handling dominated the market with a revenue of USD 25.5 billion and is expected to reach USD 37.7 billion by 2034.
 

• Unit handling equipment is the fastest growing due to the growth of warehousing facilities, e-commerce, and light manufacturing industries. Automated conveyor systems which sort and transport boxes, cartons, and packets, are being procured by retailers and logistics providers for distribution centers because online shopping is on the rise.
   
• Aviation and automotive manufacturing along with fast moving consumer goods (FMCG) industries integrate unit conveyors as precision and flexibility for driving efficiencies are of utmost importance. Increased demand for clean and reliable handling of products within the pharmaceutical and food industries boost the demand as well, particularly for conveyors that maintain cleanroom standards and contamination control.
   
• The automated controls and drives used in conveyors along with the rising volume of postal and parcel deliveries global skyrocketed investment in unit handling systems from couriers and national postal agencies aiming to improve speed and accuracy in processing.
   

Based on equipment type, the conveying equipment market is segmented into belt, roller, pallet, overhead, chain conveyors and others. In 2024, the belt segment held a market share of 40% and is expected to grow at a CAGR of over 4.3% from 2025 to 2034.
 

• The belt conveyor segment is one of the most widely used equipment types in the conveying equipment industry, primarily driven by its versatility and efficiency in transporting a variety of materials over long distances.
   
• Belt conveyors are especially prevalent in industries such as mining, agriculture, and food processing, where large volumes of bulk or packaged materials need to be moved continuously. Their ability to manage steep inclines and operate across varying terrain makes them ideal for open-pit mining and quarry operations.
   
• In the manufacturing and warehousing sectors, demand is also fueled by the push for faster, streamlined material movement. Additionally, the integration of smart belt systems with sensors and energy-saving features is boosting their adoption in modern industrial settings.
   

In 2024, U.S. generated a revenue of USD 13.1 billion and is expected to reach USD 20.2 billion by 2034.
 

• The United States conveying equipment market is driven by the growth of automation in manufacturing, logistics, and warehousing sectors. The ongoing expansion of e-commerce has led to a surge in demand for high-speed conveyor systems in distribution centers operated by major retailers and logistics companies such as Amazon, Walmart, and FedEx.
   
• Additionally, the resurgence of domestic manufacturing, bolstered by reshoring trends and government incentives like the CHIPS Act and Infrastructure Investment and Jobs Act, is fueling investment in advanced material handling systems. Automotive, food processing, and pharmaceuticals are among the key industries driving demand.
   
• Furthermore, the U.S. focus on labor efficiency and workplace safety is encouraging the adoption of smart conveyors equipped with automation and predictive maintenance capabilities, reducing manual handling and operational downtime.
   

The conveying equipment market in the Germany is expected to experience significant and promising growth from 2025 to 2034.
 

• In Germany, demand for conveying equipment is closely tied to its strong industrial base, particularly in sectors like automotive, machinery, and food processing. As Europe’s manufacturing powerhouse, Germany leads in adopting Industry 4.0 technologies, which include smart conveying systems that integrate seamlessly with digital factory infrastructure.
   
• The push for energy efficiency and compliance with strict EU environmental regulations also drives demand for low-emission, energy-saving conveyor systems. Moreover, the country's emphasis on precision engineering and high productivity supports the need for modular, customizable conveying solutions that can be tailored to advanced manufacturing environments.
   
• Germany’s export-driven economy also necessitates sophisticated material handling systems for efficient logistics and warehousing operations across global supply chains.
   

The conveying equipment market in the China is expected to experience significant and promising growth from 2025 to 2034.
 

• China represents one of the fastest-growing markets for conveying equipment, fueled by rapid industrialization, urbanization, and a booming e-commerce ecosystem. The rise of mega-warehouses and automated fulfillment centers, especially in urban hubs like Shenzhen and Shanghai, has led to a significant increase in demand for unit handling conveyors.
   
• In the manufacturing sector, the Chinese government’s "Made in China 2025" initiative encourages modernization and automation, spurring investment in conveyor technology for automotive, electronics, and heavy industries. Additionally, infrastructure development, mining, and large-scale agriculture continue to drive strong demand for bulk handling conveyors.
   
• As labor costs rise and worker shortages emerge, automation—enabled in part by advanced conveying systems—is becoming a strategic necessity for Chinese manufacturers seeking to maintain competitiveness.
   

Conveying Equipment Market Share

• The top 5 companies in the conveying equipment industry are Continental, Daifuku, Emerson Electric, Fives Group, FlexLink and Honeywell who contribute around 15% of the market in 2024.
   
• Continental AG is a prominent player in the conveying equipment industry, particularly known for its high-performance conveyor belts and related technologies. The company leverages its expertise in rubber and plastics technology to offer durable and efficient solutions across various industries, including mining, manufacturing, and logistics. Continental's commitment to innovation is evident in its continuous development of advanced materials and digital solutions, such as the CONTI LoadSense system, which enhances conveyor monitoring and performance. While specific market share figures are not publicly disclosed, Continental's strategic acquisitions, like that of Advanced Imaging Technologies in 2024, underscore its intent to expand and solidify its position in the conveyor system industry.
   
• Emerson Electric is a significant entity in the conveying equipment market, especially within the broader context of industrial automation and process control. The company provides a range of solutions that integrate seamlessly with conveying systems, enhancing efficiency and reliability. Emerson's market presence is bolstered by its global operations and a diverse product portfolio that caters to various industries, including oil and gas, power generation, and chemicals. While precise market share data specific to conveying equipment is limited, Emerson's involvement in the sector is substantial, with its technologies playing a crucial role in optimizing conveyor system performance.
   
• Honeywell International Inc. holds a notable position in the conveying equipment market, particularly in the bulk material handling segment. The company is recognized for its comprehensive range of bulk material handling equipment and systems, which are integral to industries such as mining, chemicals, and logistics. Honeywell's market share in this domain is approximately 9%, reflecting its strong presence and influence in the sector. The company's focus on technological innovation, global expansion, and strategic collaborations has further reinforced its position in the market.
   
• The conveying equipment market features a mix of global industrial leaders and specialized manufacturers, each contributing to various segments of material handling. Key players include Continental AG, known for its high-performance conveyor belts and digital monitoring systems; Emerson Electric, which integrates automation and control solutions to optimize conveyor efficiency; and Honeywell, with a strong presence in bulk material handling systems. Other prominent companies such as Daifuku, Siemens, BEUMER Group, and FMC Technologies also play vital roles, offering tailored solutions for logistics, manufacturing, mining, and warehousing. These firms drive innovation through automation, smart technologies, and energy-efficient designs to meet the growing global demand for faster, safer, and more flexible material handling systems.
   

Conveying Equipment Market Companies

Major players operating in the conveying equipment industry are:

• Boatmate Trailers
• EZ Loader
• Hydrotrans
• Karavan Trailers
• Kropf Industrial
• Load Rite Trailers
• Magic Tilt Trailers
• Midwest
• TRIGANO
• Venture Trailers
   

Conveying Equipment Industry News

• In July 2023, Jungheinrich AG announced plans to construct a new logistics warehouse in Freilassing for Hawle Armaturen GmbH, with completion set for October 2024. Jungheinrich AG's delivery will encompass a comprehensive conveyor system, order-picking workstations, five SPS-equipped stacker cranes, and silo steel rack constructions, complete with roof and wall cladding.
   
• In June 2023, TGW Logistics Group revealed its plans to establish an innovative e-commerce system for SKECHERS USA, Inc., a premium shoe manufacturer, located 50 km north of Shanghai. Set to activate in the summer of 2025, the centerpiece of TGW's offering is a 13-kilometer network of energy-efficient KingDrive conveyors, seamlessly linking all system components and the existing fulfillment center.
   
• In April 2023, TGW Logistics Group unveiled FullPick, a groundbreaking system designed to empower food service professionals and retailers in swiftly addressing challenges. FullPick streamlines the process of fully automated mixed pallet picking, ensuring both pallets and roll cages are loaded in a manner that is friendly for store operations.
   
• In October 2022, Daifuku North America Holding Company opened a new manufacturing facility in Boyne City, Michigan, streamlining operations by consolidating multiple sites under the Jervis B. Webb Company banner.
   
• In June 2022, BEUMER Group strengthened its portfolio in loading equipment and conveyor systems by fully acquiring FAM Group of Magdeburg.
   
• In April 2021, Siemens unveiled its SINAMICS G115D at the ProMatDX event, a versatile drive system tailored for horizontal conveyor applications, integrating drive, motor, and gearbox into a single compact unit, with options for both motor-mounted and wall-mounted setups.
   

The conveying equipment market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($ Bn) and shipment (Thousand Units) from 2021 to 2034, for the following segments:

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Market, By Product

• Bulk handling equipment
• Unit handling equipment
• Parts & accessories

Market, By Equipment Type

• Belt
• Roller
• Pallet
• Overhead
• Chain conveyors
• Others

Market, By Application

• Durable manufacturing
• Food & beverage
• General merchandise
• Mining & construction
• Transportation
• Warehouse & distribution
• Others (airports, etc.)

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• MEA
  • UAE
  • Saudi Arabia
  • South Africa