Conveyor System Market accounted for USD 14.35 billion in 2024 and is anticipated to register around 12.2% CAGR from 2024 to 2032, driven by the move towards automation among industries. Furthermore, emphasis on supply chain optimization and efficiency induces investments in conveyor systems for smooth material flow and logistics operations. Such drivers cumulatively augment the industry growth, addressing the changing needs of industries for efficient and automated material handling systems.
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Conveyor System Market Trends
The increasing need for modular conveyor systems, with their flexibility and scalability, addresses the changing requirements of various industries. Also, a greater emphasis on sustainability in material handling processes accelerates the usage of green conveyor solutions. Industries now increasingly favor energy-efficient systems and employ recycled content, responding to environmental agendas. These tendencies cumulatively accelerate innovation and development in the conveyor system sector, leading to efficient and sustainable material handling solutions.
Conveyor System Market Analysis
Find out more about the dominant segments influencing this market
By product type, the belt conveyor system segment will reach USD 10.80 billion and have a 5.8% CAGR during 2032 due to the widespread use of belt conveyor systems in industries like manufacturing, food processing, and mining. Its effectiveness in conveying materials over long distances, in accordance with its capacity to convey a broad variety of bulk materials, makes it a choice of preference. Moreover, technological advancements have resulted in the production of more robust and energy-efficient belt conveyors, further propelling their use and market leadership.
Conveyor System Market Share
Firms within the conveyor market are expanding their scope and remaining innovative. Firms such as Siemens, Rexnord, Honeywell, Shuttleworth, Beumer, and Hytrol are partnering with one another and acquiring small firms in order to provide additional products and penetrate new markets. They’re also collaborating with technology firms in order to smarten up and make their conveyor systems more efficient. This enables them to satisfy their customers, who desire quicker and greener systems. All these firms are also investing in research to come up with new conveyor systems that are even superior to the current ones. They’re employing new materials and technologies to improve their systems to be more efficient, flexible, and sustainable. By keeping abreast of industry trends and customer requirements, these companies are ensuring they remain ahead and continue to grow.
Conveyor System Market Companies
Some of the key players in the conveyor system market are
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.
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
Conveyor System Industry News
In November 2023, ProStack launched the Ranger 6-24TR Tracked Radial Conveyor, expanding their stacker portfolio. For effective and versatile stockpiling in quarrying and mining, this model creates new benchmarks in efficiency, versatility, and automation.
In April 2023, Interroll launched the new High-Performance Conveyor Platform (HPP) for the courier, express, and parcel service sector.
