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Conveyor System Market Size, Analysis, Share & Forecast 2031
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Conveyor System Market Size, Analysis, Share & Forecast 2031

Segments - Conveyor System Market by Types (Flat Belts, Rollers, Wheels, Pallets, Vertical Conveyors, and Others), Locations (On-floor, In-floor, and Overhead), Types of Loads (Units and Bulk), End-users (Retail, Automotive, Food & Beverage, Mining, Pharmaceutical, Airport, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Raksha Sharma
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Fact-checked by : V. Chandola
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Editor : Swapnil Hedau

Upcoming | Report ID :EP-4410 | 4.3 Rating | 62 Reviews | 166 Pages | Format : PDF Excel PPT

Report Description


Conveyor System Market Outlook 2031:

The global conveyor system market size was valued at USD 5.68 Billion in 2022 and is projected to reach USD 8.66 Billion by 2031, expanding at a CAGR of 4.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the increasing demand for industrial automation and modernization. 

A conveyor system refers to a mechanical handling gadget that efficiently and automatically transports materials, goods, or loads from one place to another. The system uses wheels, rollers, belts, chains, or others to transport loads. Conveyor systems aid in minimizing or eliminating manual labor. The system reduces the chances of accidents and increases the efficiency and productivity of industries. Quality, fast speed, cost-efficiency, and fixed protocols are some of the other benefits of adopting conveyor systems in industries.

Conveyor System Market Outlook

During the COVID-19 pandemic situation, the food & beverage industry has been deemed an essential service. Increasing demand for food & beverage products and growing food & beverage manufacturing during the pandemic have affected positively the global conveyor system market.

  • Rapid growth in the e-commerce industry is expected to drive the market during the forecast period.
  • The fourth industrial revolution, also known as Industry 4.0, which brought rising changes in technologies, industries, and societal patterns is estimated to boost the market in the coming years.
  • Increasing adoption of automated solutions across several industries fuel the market.
  • Rising awareness regarding conveyor systems such as const-effectiveness, saving time, improving service or product, and others spur the market.
  • High initial investment and maintenance costs are expected to hinder the growth of the market in the coming years.
  • Growing adoption of green conveyors offers growth opportunities to market players across the globe.

Scope of the Conveyor System Market Report

The report on the global conveyor system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Conveyor System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Types (Flat Belts, Rollers, Wheels, Pallets, Vertical Conveyors, and Others), Locations (On-floor, In-floor, and Overhead), Types of Loads (Units and Bulk), and End-users (Retail, Automotive, Food & Beverage, Mining, Pharmaceutical, Airport, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

SSI Schaefer AG; Daifuku Co., Ltd.; Continental AG; Murata Machinery, Ltd.; BEUMER Group GmbH & Co. KG; Honeywell International, Inc.; Siemens AG; Fives Groups; ContiTech AG; MHS Global; Columbus McKinnon Corporation; ATS Automation Tooling Systems; FlexLink; Taikisha Global Limited; Dürr AG; and Others

Conveyor System Market Segment Insights

Flat belts segment expands rapidly

On the basis of types, the market is divided into flat belts, rollers, wheels, pallets, vertical conveyors, and others. The flat belts segment is anticipated to hold a key market share during the forecast period, as different types of products can be conveyed through different types of belts. For example, heavy loads can be conveyed on thick and strong belts.

Flat belts are continuous and endless belts, which are made from materials such as plastic, rubber, metal, leather, fabric, and others. These factors aid in the expansion of the segment. The roller segment is anticipated to register rapid growth during the forecast period, as different types of roller conveyor systems such as gravity-controlled rollers can transport goods horizontally in a curved or straight structure.

Conveyor System Market Types

On-floor segment holds a key market share

In terms of locations, the market is segregated into on-floor, in-floor, and overhead. The on-floor segment is projected to expand at a high CAGR during the forecast period, as on-floor conveyor systems are highly customizable, and can suit various needs of customers. These systems are widely accepted in various industries, owing to their versatile nature required to move various kinds of products around.

Bulk segment holds a significant market share

Based on the types of loads, the market is bifurcated into units and bulk. The bulk segment is anticipated to expand at a significant pace during the forecast period, as several manufacturing industries such as mining, food & beverage, and others handle and process bulk loads more than units. These industries utilize different conveyor systems to carry different bulk loads depending upon their materials, physical state, and packaging. These factors aid in the expansion of the segment.

Retail segment holds a significant market share

In terms of end-users, the market is divided into retail, automotive, food & beverage, mining, pharmaceutical, airport, and others. The retail segment is projected to register a high CAGR during the forecast period, owing to a significant transformation of the retail industry through increasing adoption of automation and IT-based solutions.

The retail industry utilizes conveyor systems for distributing, sorting, warehousing, and cross-docking. Changing lifestyles and the increasing purchasing power of customers have a positive impact on the growth of the retail industry. This is a key factor aiding in the expansion of the retail segment in the coming years.

Conveyor System Market End User

Asia Pacific dominates the market

On the basis of regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to register a significant CAGR during the forecast period, owing to the growing number of international corporations setting up their production facilities in countries such as China and India.

The region is anticipated to whiteness increase in manufacturing activities, which leads to increased adoption of conveyor systems in the coming years. High GDP, improved standard of living, and increased spending power are some of the key factors boosting the growth of the market in Asia Pacific.

Conveyor System Market Region

Segments

The global conveyor system market has been segmented on the basis of

Types

  • Flat Belts
  • Rollers
  • Wheels
  • Pallets
  • Vertical Conveyors
  • Others

Locations

  • On-floor
  • In-floor
  • Overhead

Types of Loads

  • Units
  • Bulk

End-users

  • Retail
  • Automotive
  • Food & Beverage
  • Mining
  • Pharmaceutical
  • Airport
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • SSI Schaefer AG
  • Daifuku Co., Ltd.
  • Continental AG
  • Murata Machinery, Ltd.
  • BEUMER Group GmbH & Co. KG
  • Honeywell International, Inc.
  • Siemens AG
  • Fives Groups
  • ContiTech AG
  • MHS Global
  • Columbus McKinnon Corporation
  • ATS Automation Tooling Systems
  • FlexLink
  • Taikisha Global Limited
  • Dürr AG
  • Others

Competitive Landscape

The global conveyor system market is highly competitive with the presence of key players such as SSI Schaefer AG; Daifuku Co., Ltd.; Continental AG; Murata Machinery, Ltd.; BEUMER Group GmbH & Co. KG; Honeywell International, Inc.; Siemens AG; Fives Groups; ContiTech AG; MHS Global; Columbus McKinnon Corporation; ATS Automation Tooling Systems; FlexLink; Taikisha Global Limited; Dürr AG; and others. They use business strategies such as collaborations, mergers, partnerships, acquisitions, and product launches to strengthen their hold on the market.

For example, in January 2020, SSI Schaefer AG carry out a logistics center for Misumi, a global manufacturer of mechanical components for special machine construction and assembly, which includes a four-storied rack system, ergonomic workstations, automated shuttle warehouse, and others. In February 2022, Continental AG launched ContiLoad Sense, which scans materials and conveyor belts from different angles to determine the position of the load to calculate the volume of the load precisely.

Conveyor System Market Key Players

Frequently Asked Questions

The global conveyor system market is estimated to register a CAGR of around 4.8% during the forecast period.

The global conveyor system market size was valued at around USD 5.42 billion in 2021 and is anticipated to reach around USD 7.77 billion by 2030.

A conveyor system refers to a mechanical handling gadget that efficiently and automatically transports materials, goods, or loads from one place to another.

Asia Pacific dominates the global conveyor system market.

SSI Schaefer AG; Daifuku Co., Ltd.; Continental AG; Murata Machinery, Ltd.; BEUMER Group GmbH & Co. KG; Honeywell International, Inc.; and Siemens AG are some of the key players in the global conveyor system market.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Conveyor System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Conveyor System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Conveyor System Market - Supply Chain
  4.5. Global Conveyor System Market Forecast
     4.5.1. Conveyor System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Conveyor System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Conveyor System Market Absolute $ Opportunity
5. Global Conveyor System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Conveyor System Market Size and Volume Forecast by Types
     5.3.1. Flat Belts
     5.3.2. Rollers
     5.3.3. Wheels
     5.3.4. Pallets
     5.3.5. Vertical Conveyors
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Conveyor System Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Conveyor System Market Size and Volume Forecast by End Users
     6.3.1. Retail
     6.3.2. Automotive
     6.3.3. Food & Beverage
     6.3.4. Mining
     6.3.5. Pharmaceutical
     6.3.6. Airport
     6.3.7. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Conveyor System Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Conveyor System Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Conveyor System Demand Share Forecast, 2019-2026
8. North America Conveyor System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Conveyor System Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Conveyor System Market Size and Volume Forecast by Types
     8.4.1. Flat Belts
     8.4.2. Rollers
     8.4.3. Wheels
     8.4.4. Pallets
     8.4.5. Vertical Conveyors
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Conveyor System Market Size and Volume Forecast by End Users
     8.7.1. Retail
     8.7.2. Automotive
     8.7.3. Food & Beverage
     8.7.4. Mining
     8.7.5. Pharmaceutical
     8.7.6. Airport
     8.7.7. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Conveyor System Demand Share Forecast, 2019-2026
9. Latin America Conveyor System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Conveyor System Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Conveyor System Market Size and Volume Forecast by Types
     9.4.1. Flat Belts
     9.4.2. Rollers
     9.4.3. Wheels
     9.4.4. Pallets
     9.4.5. Vertical Conveyors
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Conveyor System Market Size and Volume Forecast by End Users
     9.7.1. Retail
     9.7.2. Automotive
     9.7.3. Food & Beverage
     9.7.4. Mining
     9.7.5. Pharmaceutical
     9.7.6. Airport
     9.7.7. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Conveyor System Demand Share Forecast, 2019-2026
10. Europe Conveyor System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Conveyor System Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Conveyor System Market Size and Volume Forecast by Types
     10.4.1. Flat Belts
     10.4.2. Rollers
     10.4.3. Wheels
     10.4.4. Pallets
     10.4.5. Vertical Conveyors
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Conveyor System Market Size and Volume Forecast by End Users
     10.7.1. Retail
     10.7.2. Automotive
     10.7.3. Food & Beverage
     10.7.4. Mining
     10.7.5. Pharmaceutical
     10.7.6. Airport
     10.7.7. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Conveyor System Demand Share Forecast, 2019-2026
11. Asia Pacific Conveyor System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Conveyor System Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Conveyor System Market Size and Volume Forecast by Types
     11.4.1. Flat Belts
     11.4.2. Rollers
     11.4.3. Wheels
     11.4.4. Pallets
     11.4.5. Vertical Conveyors
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Conveyor System Market Size and Volume Forecast by End Users
     11.7.1. Retail
     11.7.2. Automotive
     11.7.3. Food & Beverage
     11.7.4. Mining
     11.7.5. Pharmaceutical
     11.7.6. Airport
     11.7.7. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Conveyor System Demand Share Forecast, 2019-2026
12. Middle East & Africa Conveyor System Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Conveyor System Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Conveyor System Market Size and Volume Forecast by Types
     12.4.1. Flat Belts
     12.4.2. Rollers
     12.4.3. Wheels
     12.4.4. Pallets
     12.4.5. Vertical Conveyors
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Conveyor System Market Size and Volume Forecast by End Users
     12.7.1. Retail
     12.7.2. Automotive
     12.7.3. Food & Beverage
     12.7.4. Mining
     12.7.5. Pharmaceutical
     12.7.6. Airport
     12.7.7. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Conveyor System Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Conveyor System Market: Market Share Analysis
  13.2. Conveyor System Distributors and Customers
  13.3. Conveyor System Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. SSI Schaefer AG
     13.4.2. Daifuku Co., Ltd.
     13.4.3. Continental AG
     13.4.4. Murata Machinery, Ltd.
     13.4.5. BEUMER Group GmbH & Co. KG
     13.4.6. Honeywell International, Inc.
     13.4.7. Siemens AG
     13.4.8. Fives Groups
     13.4.9. ContiTech AG
     13.4.10. MHS Global

Methodology

Our Clients

Dassault Aviation
Pfizer
Siemens Healthcare
Honda Motor Co. Ltd.
General Mills
General Electric
sinopec
The John Holland Group