Conveying Equipment Market Growth $71.83 Billion & 3.70% CAGR By 2032

Conveying Equipment Market Size Worth $71.83 Billion By 2032 | CAGR: 3.70%


The global conveying equipment market size is expected to reach USD 71.83 billion by 2032, according to a new study by Polaris Market Research. The report “Conveying Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Belt, Roller, Pallet, Overhead, Chain Conveyors, Others), By Product (Unit Handling, Bulk Handling, Parts & Attachments), By Application, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The expansion of the market is driven by the increasing need for exceptionally effective material handling solutions in key sectors such as food and beverage, automotive, and warehouse and distribution. Conveying equipment plays a vital role as a goods carrier across diverse industries, including food and beverage, mining, automotive, airports, and electronics, among others. These conveyors can be tailored to handle materials of various shapes and sizes, providing a versatile solution for different industries.

The significant advantage of employing conveying equipment lies in its cost-effectiveness heightened productivity, and enhanced operational efficiency. By automating the process of moving materials, these systems substantially reduce manual labor, leading to lower operational costs. Moreover, conveying equipment ensures a continuous flow of materials, thereby boosting productivity by eliminating downtime associated with manual handling. These factors combined make conveying equipment a preferred choice for industries aiming for streamlined, efficient, and economical material handling solutions.

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The increasing demand for warehouses is directly linked to the booming e-commerce industry, supermarkets, and online retail businesses. As consumers increasingly turn to online shopping, there is a pressing need for storage facilities to accommodate the rising volume of goods. This surge in demand for storage solutions, driven by the growth of e-commerce, is expected to have a significant and positive impact on the conveying equipment market in the coming years.

Additionally, the expansion and establishment of new airports play a pivotal role in driving the market forward. Airports require advanced conveying systems for efficient baggage handling, cargo logistics, and streamlined operations. The modernization and expansion of airport infrastructure create a substantial demand for conveying equipment, ensuring the smooth flow of goods and luggage within these facilities. As these trends continue, the conveying equipment market is poised to experience sustained growth, driven by the evolving needs of the warehousing and airport sectors.

Conveying Equipment Market Report Highlights

  • The belts segment held the largest share, primarily due to the rise in demand for belt conveyors in varied industry verticals
  • Unit handling systems dominated the market, owing to huge growth in export materials and cross-border trade between countries
  • Asia Pacific will grow at a rapid pace, primarily to a surge in infrastructure and industrialization developments in the emerging nations
  • The key market players include Daifuku, BEUMER GROUP, Fives Group, FlexLink, Jungheinrich, Kardex, Kion Group, KUKA, Murata Machinery, and Phoenix Conveyor Belt Systems

Polaris Market Research has segmented the conveying equipment market report based on type, product, application, and region:

Conveying Equipment, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Belt
  • Roller
  • Pallet
  • Overhead
  • Chain Conveyors
  • Others

Conveying Equipment, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • Unit Handling
  • Bulk Handling
  • Parts & Attachments

Conveying Equipment, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Food & Beverage
  • Warehouse & Distribution
  • Automotive
  • Airport
  • Mining
  • Electronics
  • Others

Conveying Equipment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Conveying Equipment Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 53.73 billion

Revenue forecast in 2032

USD 71.83 billion

CAGR

3.70% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Sample, By Product, By Application, By Usage, By Distribution Channel, By Region

Regional scope

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

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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