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Conveyor Systems - Global Market Trajectory & Analytics

  • ID: 4804624
  • Report
  • February 2022
  • Region: Global
  • 670 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Caterpillar, Inc.
  • Dematic Group
  • Dürr AG
  • Flexlink AB
  • Interroll Group
  • Murata Machinery, Ltd.

Global Conveyor Systems Market to Reach US$65.1 Billion by the Year 2026


Conveyor systems are widely used in manufacturing and distribution facilities for the movement of products ranging from bolts to pallets. The pace of industrialization and the growing need to automate processes in various industries continue to drive growth in the conveyor systems market. The growing move towards assembly line process in various industry verticals for mass production purposes favors market growth. Growth in the market is also supported by the rising need to modernize older conveyor systems-related infrastructure. There is especially an increase in adoption of gearless and energy efficient conveyor system designs, on account of the growing regulatory pressures facing end-use customers to improve energy efficiency of conveyor systems. Demand is also rising for smart conveyor systems such as those capable of offering product traceability features. Long-term growth potential also exists in conveyor systems providing integrated machine vision features.

Amid the COVID-19 crisis, the global market for Conveyor Systems estimated at US$50.6 Billion in the year 2020, is projected to reach a revised size of US$65.1 Billion by 2027, growing at a CAGR of 4.3% over the analysis period. Belt, one of the segments analyzed in the report, is projected to grow at a 4.3% CAGR to reach US$17.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Roller segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 19.7% share of the global Conveyor Systems market. Extensive use of belt conveyor systems in various end-use sectors contributes to the segment`s large share. Demand for the systems continues to grow from diverse industry verticals due to their advantage in conveying a wide variety of goods regardless of shape, size and weight. The Roller segment growth will be fueled by the rapid growth of e-commerce industry, which will increase need for warehouses and thus drive demand for roller conveyor systems.



The U.S. Market is Estimated at $13.6 Billion in 2021, While China is Forecast to Reach $11.1 Billion by 2026


The Conveyor Systems market in the U.S. is estimated at US$13.6 Billion in the year 2021. The country currently accounts for a 26.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$11.1 Billion in the year 2026 trailing a CAGR of 6.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$11.8 Billion by the end of the analysis period. Growth in North America region is led by expanding presence of manufacturing plants and mining facilities in the US. In Europe, market growth is fueled by the expanding manufacturing activity and the growth in the region`s automotive industry. Asia-Pacific represents a promising market for conveyor systems with increasing deployments witnessed across the rapidly expanding food & beverage, airport, automotive and retail sectors. The continuous increase in the number of manufacturing facilities and the escalating demand for automation as well as efficiency from various production facilities are driving growth in the region.

Pallet Segment to Reach $10.3 Billion by 2026


Pallet conveyors, also known as unit load conveyor or pallet handling conveyor, are commonly used for transporting, accumulating, and sorting large unit loads and discrete products. Pallet-based conveyors can be configured to meet an array of environmental requirements including ESD-compatible, dry room, cleanroom, and washdown applications. In the global Pallet segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.2 Billion in the year 2020 will reach a projected size of US$7.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2026, while Latin America will expand at a 4.5% CAGR through the analysis period.

Select Competitors (Total 143 Featured) -

  • Allied Conveyor Systems, Inc.
  • BEUMER Group GmbH & Co. KG
  • Caterpillar, Inc.
  • Daifuku Co., Ltd.
  • Dematic Group
  • Dorner Mfg. Corp.
  • Dürr AG
  • Dynamic Conveyor Corporation
  • Fives Group
  • Flexlink AB
  • Honeywell Safety and Productivity Solutions (SPS)
  • Hytrol Conveyor Co., Inc.
  • Interroll Group
  • Kardex Group
  • Mahindra Tsubaki Conveyor Systems (MTC) Pvt. Ltd.
  • Murata Machinery, Ltd.
  • SSI Schaefer - Fritz Schaefer GmbH
  • Swisslog Holding AG
  • Vanderlande Industries B.V.
Frequently Asked Questions about the Global Market for Conveyor Systems

What is the estimated value of the Global Market for Conveyor Systems?

The Global Market for Conveyor Systems was estimated to be valued at $50.6 Billion in 2020.

What is the growth rate of the Global Market for Conveyor Systems?

The growth rate of the Global Market for Conveyor Systems is 3.7%, with an estimated value of $65.1 Billion by 2027.

What is the forecasted size of the Global Market for Conveyor Systems?

The Global Market for Conveyor Systems is estimated to be worth $65.1 Billion by 2027.

Who are the key companies in the Global Market for Conveyor Systems?

Key companies in the Global Market for Conveyor Systems include Allied Conveyor Systems, Inc., BEUMER Group GmbH & Co. KG, Caterpillar, Inc., Daifuku Co., Ltd., Dematic Group, Dorner Mfg. Corp., Dürr AG, Dynamic Conveyor Corporation and Flexlink AB.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Caterpillar, Inc.
  • Dematic Group
  • Dürr AG
  • Flexlink AB
  • Interroll Group
  • Murata Machinery, Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession: 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • COVID-19 Adversely Impacts Conveyor Systems Market
  • Demand for Conveyor Systems Increases Post the Pandemic Lull
  • Material Handling Equipment: An Introduction
  • Percentage Breakdown of Global Material Handling Equipment Market by Segment (2021E and 2027F)
  • Percentage Breakdown of Global Material Handling Equipment Market by Region (2021E and 2027F)
  • Conveyor Systems: A Prelude
  • Types of Conveyors
  • Belt Conveyor
  • Roller Conveyor
  • Pallet Conveyor
  • Overhead Conveyor
  • Other Types of Conveyor System
  • Major Uses and Applications
  • Energy Cost: Critical Component of a Conveyor Equipment
  • End-Use Industry Overview
  • Conveyor System: Market Overview
  • Trends Expected to Shape Conveyor Systems Design
  • Belt Conveyors: The Most Dominant Segment Type
  • Warehouse & Distribution and Food & Beverage: Leading End Markets
  • North America: The Largest Geographic Region
  • Asian Economies Led by China to Spearhead Future Growth
  • Competition
  • The Pandemic Forces Companies to Realize the Importance and Necessity to Change
  • Recent Market Activity
  • Conveyor Systems - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Conveyor Systems Market to Grow with Demand Emanating from Conventional and Niche Application Markets
  • Manufacturing and Packaging
  • Transportation and Logistics
  • Merchandising
  • Factors Influencing Demand for Conveyors
  • Need for Secure Environment in Industries Drive Large Scale Installation of Conveyor Systems
  • Customized Solutions with Integrated Technologies to Drive Automation Projects
  • Integration of Warehouse Management Technologies with Material Handling Equipment Need of the Hour
  • Role of Conveyor Systems in E-commerce Industry
  • Distribution Logistics Simplify Outbound Movement of Products
  • Omnichannel Commerce Creates a Paradigm Shift
  • Motorized Roller Conveyor Technology Improves Supply Chain Excellence
  • Demand for Automated MHE with Conveyor Systems on the Rise
  • Growing Importance of Automation & Technology Drive Conveyor System Usage in Food & Beverage Industry
  • Global Sales of Processed Foods in US$ Billion for Years 2014, 2016, 2018, 2020 and 2022F
  • Benefits of Using Belt Conveyors in Food Industry
  • Maintaining Social Distancing during Pandemic with Conveyor Systems Help
  • Rising Demand for Processed Meat: Major Growth Driver for Conveyor System
  • Dairy Products: Churning Out New Opportunities for Conveyor System
  • Global Production of Butter, Cheese, Skim Milk Powder, and Whole Milk Powder (in Kilo Tons) by Developed and Developing Countries for 2017 and 2026
  • Strong Demand for Beverages Spurs Growth
  • Global Beverage Market (2021E): Percentage Breakdown of Sales by Beverage Type - Beer, Carbonated Soft Drinks, Coffee, Fruit & Vegetable Juices, Milk, Packaged Water, Tea and Others
  • Ensuring Sanitation of Belt Conveyors Key to Long Term Reliability
  • Automotive Industry: Shifting Gears to Automated Systems
  • Growth in Automobile Production to Fuel Demand for Conveyor Systems
  • World Automobile Production in Million Units: 2008-2022
  • Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
  • Production of Consumer Electronics to Drive Demand for Automated Conveyors
  • Growth in Conveyor Belt Market Driven by Metallurgy and Mining Industry
  • Belt Conveyors Score over Trucking in Long Distance Scenarios
  • Demand for Air Travel Post COVID-19 Pandemic World to Drive Need for New Airports and Infrastructure Modernization
  • Global Air Traffic Demand: Number of Air Passengers in Billion for the Years 2011 to 2025F
  • Baggage Conveyor Systems Critical for Operational Efficiencies at Airports
  • Smart Airports: Opportunity for Growth
  • Global Smart Airports Market: Annual Spending Figures in US$ Million by Geographic Region for the Years 2018 and 2024
  • Industrial Equipment/Machinery Manufacturing Industry Promises Bright Prospects
  • Global Construction Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Global Mining Equipment Market: Revenues in US$ Billion for the Years 2019, 2021, 2023 and 2025
  • Conveyor Belts and Industrial IoT Applications
  • Global Market for Factory Automation: Revenues in US$ Billion for the Years 2017, 2019E and 2023F
  • Industry 4.0 and Conveyor Industry in the Post-Pandemic World
  • Smart Monitoring through Intelligent Conveyor Systems
  • Demand Goes Strong for Smart Conveyor Equipment
  • Modular Designed Conveyor Systems Add Versatility
  • Pallet Conveyors Efficiently Transport Discreet Products
  • Shortcomings in Design of Pallet Conveyor Systems
  • Automated Conveyor Systems: Indispensable for Quality Services
  • Growing e-Commerce Impacts Automated Conveyor Systems
  • Pallet Conveyors Find Suitability in Automated Applications
  • Design Trends in Conveyor Systems
  • Select Conveyor Technologies: Delivering Improved Performance in Industrial Settings
  • Direct Drive
  • Smart Conveyor
  • Active Conveyor Belt Technology
  • Flexible Purpose Conveyors
  • Compact Design Conveyors
  • Upgrading Gravity Roller Conveyor to Motorized Roller Conveyor
  • Automated Conveyors Preferred Over Chain Conveyors for Smooth and Quiet Operation
  • Challenges in Maintenance of Conveyor Belts
  • Material Handling Industry: Common Conveyor Belt Problems and Solutions
  • Manual and Conventional Inspection Methods vs. Sensor-based Inspection Methods
  • Drones and Sensor Technology to Identify Potential Problems in Conveyors

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Overview
  • Pandemic Impact on the US Conveyor Systems Market
  • Recovering Manufacturing Sector to Support Demand for Conveyor System
  • Market Analytics

CANADA

JAPAN

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview

CHINA

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Market Analytics

EUROPE

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
  • A Hub for Machinery Production
  • Market Opportunities in the European Food Processing Equipment Market
  • Effect of the Pandemic on the European Conveyor Systems Market

FRANCE

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Impact of COVID-19 on the Asia-Pacific Conveyor Systems Market
  • Rising Demand for Food Processing Equipment: Opportunities for Conveyor System
  • Market Analytics

AUSTRALIA

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Market Overview
  • Logistical Challenges Drive Adoption of Automation in Conveyor Systems
  • Market Analytics

AFRICA

  • Conveyor Systems Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 143
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Allied Conveyor Systems, Inc.
  • BEUMER Group GmbH & Co. KG
  • Caterpillar, Inc.
  • Daifuku Co., Ltd.
  • Dematic Group
  • Dorner Mfg. Corp.
  • Dürr AG
  • Dynamic Conveyor Corporation
  • Fives Group
  • Flexlink AB
  • Honeywell Safety and Productivity Solutions (SPS)
  • Hytrol Conveyor Co., Inc.
  • Interroll Group
  • Kardex Group
  • Mahindra Tsubaki Conveyor Systems (MTC) Pvt. Ltd.
  • Murata Machinery, Ltd.
  • SSI Schaefer - Fritz Schaefer GmbH
  • Swisslog Holding AG
  • Vanderlande Industries B.V.
Note: Product cover images may vary from those shown