Conveyor System Market Size – By Product Type (Belt Conveyor System, Screw Conveyors, Bucket Conveyor Systems, Gravity Roller Conveyors, Chain Conveyors), By End-user Vertical (Airport, Automotive, Retail, Food & Beverages), Operation, Distribution Channel, & Forecast, 2024–2032

Conveyor System Market Size

Conveyor System Market was valued at USD 11.75 million in 2023 and is predicted to showcase about 5% CAGR between 2024 and 2032, propelled by the shift towards automation in industries. Additionally, the focus on supply chain efficiency and optimization prompts investments in conveyor systems for seamless material flow and logistics operations. These factors collectively contribute to the industry growth, meeting the evolving needs of industries for efficient and automated material handling solutions.
 

Continuous innovations in conveyor technology, coupled with the growth in construction and infrastructure projects worldwide, are driving the expansion of the conveyor system industry. With advancements in design, automation, and efficiency, conveyor systems are increasingly sought after for their role in enhancing material handling capabilities across various industries. This demand is further amplified by the need for efficient transportation of construction materials in infrastructure development projects globally.
 

Though initial investments and regulatory compliance requirements challenge market expansion, they also signify opportunities for innovation and sustainable growth. Companies investing in conveyor systems can benefit from enhanced operational efficiency and safety measures, leading to long-term cost savings and regulatory compliance. By prioritizing technological advancements and aligning with industry standards, businesses can overcome these barriers and unlock the full potential of material handling equipment.
 

Conveyor System Market Trends

The growing demand for modular conveyor systems, offering flexibility and scalability, meets the evolving needs of diverse industries. Additionally, a heightened focus on sustainability in material handling practices propels the adoption of eco-friendly conveyor solutions. Companies increasingly prioritize energy-efficient designs and use recycled materials, aligning with environmental goals. These trends collectively drive innovation and growth in the conveyor system industry, fostering efficient and environmentally responsible material handling solutions.
 

Conveyor System Market Analysis

Based on product type, the belt conveyor system segment will achieve USD 10.80 billion and exhibit a 5.8% CAGR through 2032, owing to the extensive application of belt conveyor systems across various industries such as manufacturing, food processing, and mining. Its efficiency in transporting materials over long distances, in line with its ability to handle a wide range of bulk materials, makes it a preferred choice. Additionally, technological progress has led to the development of more durable and energy-efficient belt conveyors, further driving their adoption and market dominance.
 

Based on operation, the automatic segment will reach USD 11.77 billion and secure a 5.8% CAGR from 2024 to 2032, fueled by the escalating demand for streamlined and efficient material handling processes. Automated conveyor systems offer enhanced productivity, reduced labor costs, and improved safety. The integration of technologies like sensors, robotics, and artificial intelligence further bolsters their efficiency and reliability. Industries such as e-commerce, automotive, and food & beverage increasingly rely on automated conveyor systems to meet the growing demand for faster and more accurate material handling operations, driving market growth.
 

North America conveyor system market is likely to register about 5.1% CAGR during 2024 and 2032, attributed to robust industrial infrastructure and technological advancements. The region's strong manufacturing base and increasing adoption of automation in various sectors drive demand for conveyor systems. Additionally, stringent regulations regarding worker safety and environmental standards spur investments in conveyor technology. North America's significant contribution to the global economy and continuous innovation in material handling solutions position it as a key contributor to the conveyor system industry.
 

Conveyor System Market Share

Companies, including Siemens AG, Rexnord Corporation, Honeywell Intelligrated, Shuttleworth, LLC, Beumer Group, and Hytrol Conveyor Company, Inc., are actively enhancing their market reach through strategic initiatives such as mergers, acquisitions, and partnerships. By joining forces with complementary businesses or acquiring niche players, companies can broaden their product portfolios and reach new customer segments. Additionally, partnerships with technology providers enable them to integrate innovative solutions into their conveyor systems, enhancing performance and meeting evolving customer demands. These collaborative efforts strengthen their competitive positions and drive innovation and growth in the market.

Furthermore, these players are investing in R&D to introduce advanced conveyor technologies that offer higher efficiency, flexibility, and sustainability. By leveraging cutting-edge materials, design techniques, and automation technologies, they can develop conveyor systems that optimize material handling processes and minimize environmental impact. Continuous innovation allows them to stay ahead of the curve and capture market share by offering solutions that align with industry trends and customer requirements. Through these proactive measures, companies are solidifying their presence.
 

Conveyor System Market Companies

Major players operating in the conveyor system industry include:

• Beumer Group
• Dematic (KION Group)
• FlexLink AB (Coesia Group)
• Daifuku Co., Ltd.
• Fives Group
• Honeywell Intelligrated
• Interroll Holding AG
• Hytrol Conveyor Company, Inc.
• Siemens AG
• Intralox, L.L.C. (part of Laitram, L.L.C.)
• Rexnord Corporation
• Shuttleworth, LLC (ProMach)
• Viastore Systems GmbH
• Swisslog Holding AG (KUKA AG)
• WAMGROUP S.p.A.
   

Conveyor System Industry News

• In November 2023, ProStack introduced the Ranger 6-24TR Tracked Radial Conveyor, enhancing their stacker range. Designed for efficient and versatile stockpiling in quarrying and mining, this model sets new standards in efficiency, versatility, and automation.
   
• In April 2023, Interroll introduced the new High-Performance Conveyor Platform (HPP), designed specifically for the courier, express, and parcel service industries.
   

This conveyor System market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

Market, By Product Type

• Bucket Conveyor Systems
• Belt Conveyor System
• Gravity Roller Conveyor
• Screw (Auger) Conveyors
• Chain Conveyors
• Others (Overhead, Floor, Pallet, etc)

Market, By Operation

• Semi-automatic
• Automatic

Market, By End-User Vertical

• Airport
• Retail
• Automotive
• Food & Beverages
• Others

Market, By Distribution Channel

• Direct
• Indirect

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

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