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Conveyor system is an important part of the overall material handling system that is required in every industrial processes for various applications. Rapid industrialization coupled with rising demand for technology across various industry in order to automate the entire process is the most important factor predicted to accelerate the demand for conveyor system in the coming years. According to the research report, the global conveyor system market was worth US$4697.1 mn in 2016 and is expected to reach US$6312.5 mn by 2025, surging at a CAGR of 3.5% between the forecast period of 2017 and 2025.

Utilization of advanced technique of production and automated equipment has become the primary need of various end user segment for enhancing the quality of goods and to facilitate timely production. This in turn is anticipated to promote the demand for conveying system that are majorly utilized for shipment, transportation, packaging and other manufacturing related activities. However, selection of proper and appropriate conveying system is majorly dependent on various factors such as application areas, pickup points for uploading and downloading and type of products to be conveyed.

conveyor system market

Belt Conveyors to Lead the Pack as their Demand in Various Industrial Sectors Remains High

Different types of conveyor system that are majorly used across various industrial sectors includes roller conveyor, belt conveyor, pallet conveyor, over-head conveyor and others. Wheel conveyor, bucket conveyor, screw conveyor and vibrating conveyor is included within the others segment. In terms of revenue, among the different types of conveyor system available in the market, belt conveyor system held the largest market share in 2016 and is anticipated to maintain its dominance throughout the forecast period from 2017 to 2025. Extensive utilization of belt conveyor across various end user segments including packing lines, dry areas in various food and pharmaceutical industries is the most important factor behind this segments dominance.

Conveyor system also finds its applications across various end user segments including food processing, automotive, retail sector, airport and healthcare among others. On the other hand, based on application of conveyor system across various end user segment, the conveyor system market both in terms of revenue and volume is anticipated to be majorly driven by food processing sector across the globe in the coming years. Technologically advanced and diverse conveyor systems are used extensively across various food processing industry in order to meet the need of specific edible products.

Europe to Remain Dominant in the Global Conveyor Systems Market

On the basis of geography, the global conveyor systems market is segmented into Europe, North America, Asia Pacific, the Middle East and Africa, and Latin America. In 2016, Europe held the dominating market share of the conveyor system market in terms of revenue. This regional market is projected to rise at a CAGR of 2.7% over the forecast period. On the flip side, Asia Pacific region is expected to experience the most promising growth in the coming years. Increasing number of manufacturing facilities combined with the rising demand for automation and efficiency from various manufacturing sector is the primary factor responsible for the robust growth of the conveyor system market in Asia Pacific region.

The global conveyor system market is highly competitive in nature with the presence of large number of conveyor system manufacturers. Some of the major players operating in the conveyor system market includes Daifuku Co. Ltd. (Japan), Schaefer Systems International Inc., Dematic Group and Murata Machinery Ltd. among others.

Growing Need for Optimized Production Level  to Drive Conveyor System Market

Conveyor systems are widely regarded as a vital tool in the transportation of materials from one space to another in industrial and commercial facilities as it is capable of diminishing the overall cost and time of production. Novel designs of conveyor system to optimize productivity have been fuelled by solutions of industrial automations amongst its end use sectors. These developments are likely to play an important role in the rapid development of the global conveyor system market in the years to come.

With the emergence and efficient utilization of various industrial automation solutions, such as conveyor systems, improvements in inline operation of products and production can be achieved. However, covid-19 pandemic has been disrupting the supply chains, particularly for various e-commerce companies. There has been a sudden change in the buying behavior of consumers due to rise in demand followed by reduction in shipping and manufacturing and out of stock products. This factor has generated increased demand for warehouse space, which is likely to play an important role in driving the demand for various equipment’s for handling materials, such as conveyor systems.

Rapid Industrialization to Offer Promising Opportunities in Asia Pacific

High purchasing power, growing employment and high GDP growth in the Asia Pacific region has brought in rapid industrialization. The manufacturers in the Asia Pacific region are compelled to better their standardized quality in a bid to gain competitive advantage in the market. These factors are anticipated to support expansion of the conveyor system market in Asia Pacific region.

North America is likely to emerge as one of the prominent geographies in the global conveyor system market. Introduction of innovative and highly advanced systems, such as malfunction detector, lean manufacturing systems, and increasing business of the food and beverage items are likely to add to the growth of the conveyor system market in the region.

Global Conveyor System Market: Overview

The increasing automation in industries is the main factor that has been driving the growth of the global market for conveyor systems. The rising demand for quick production turnover and efficient handling of larger product volume in a number of manufacturing industries across the world has fueled the need for industrial automation, which has been reflecting greatly on the uptake of conveyor systems, worldwide.  Transparency Market Research (TMR) estimates that the overall value of this market in 2016 was US$4.69 bn. Proliferating at a CAGR of 3.50% between 2017 and 2025, the market is likely to offer an opportunity worth US$6.31 bn by 2025 end.

This market study is a thorough methodical research of the performance of the worldwide market for conveyor systems in past and over the period from 2017 to 2025. The study emphasizes especially on the growth boosters, challenges, opportunities, obstacles, and the prominent trends in this market in an effort to determine the pace of its progress.

Global Conveyor System Market: Trends and Opportunities

The demand for belt conveyor systems is relatively greater among all the types of conveyor systems. Researchers predict the trend to continue over the forthcoming years. The food processing, retail, airport, automotive, and the healthcare sectors have emerged as the key application areas of conveyor systems. Among these, he food processing segment has been reporting the most prominent demand for conveyor systems and is expected to remain dong so over the next few years.

Global Conveyor System Market: Regional Outlook

geographically, the global market for conveyor systems is divided into Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. Europe led the global market in 2016. This regional market is expected to remain on the top spot, rising at a CAGR of 2.70% between 2017 and 2025. Asia Pacific, however, is projected to offer the most promising growth opportunities in the years to come. The increasing number of production units, together with, the increasing demand for automation in various manufacturing industries is likely to propel the market for conveyor systems in Asia Pacific over the next few years.

Companies Mentioned in the Report

Swisslog, Intelligrated Inc., Beumer Group GmbH & Co. KG, TGW Logistics Group, Fives Group, Schaefer Systems International Inc., Murata Machinery Ltd., Siemens AG, Daifuku Co. Ltd., and Dematic Group are some of the key players in the global market for conveyor systems. The market is highly fragmented and competitive due to the presence of a large pool of players. The leading players in this market are likely to focus on technological advancements in their products to gain an edge over their competitors in the years to come.

The global conveyor system market has been segmented as follows:

By Conveyor Type

  • Roller Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Belt Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Pallet Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Over-head Conveyor
    • Online Distribution Channel
    • Direct Distribution Channel
  • Others
    • Online Distribution Channel
    • Direct Distribution Channel

By End User

  • Food Processing
  • Automotive
  • Retail Sector
  • Airport
  • Healthcare
  • Others

By Distribution Channel

  • Online Distribution Channel
  • Direct Distribution Channel

By Geography

  • North America
    • The U.S.
    • Mexico
    • Canada
  • Europe
    • The U.K
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia Pacific
  • Middle East and Africa
    • United Arab Emirates
    • Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America

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Conveyor Systems Market

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