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Global Conveying Equipment Market Size, Trends & Analysis - Forecasts to 2026 By Type (Belt, Roller, Pallet, Overhead, Chain conveyors, Others), By Product (Unit Handling, Bulk Handling, Parts & Attachments), By End-Use (Food & Beverage, Warehouse & Distribution, Automotive, Airport, Mining, Electronics, Others), By Region (North America, Europe, Asia-pacific, Middle East & Asia, CSA), End User Landscape and Company Market Share Analysis and Competitor Analysis
Conveying Equipment Market Insights
The conveying equipment market is expected to grow at a high CAGR during the forecast period. The increased demand for advanced conveyors and development of manufacturing sectors are some of the factors driving the market growth. Conveying equipment systems help to automate the supply chain process in distribution centres, improve accuracy and increase productivity and operating profitability. They help in transporting material with least efforts and are usually mechanical devices or assemblies. The benefits of using conveying equipment include: increase in output, helps in saving time and facilitates continuity in operations. However, high capital investment for manufacturing facility and maintenance costs are some of the factors projected to hamper the market growth over the coming years.
Conveying Equipment Market Size: By Type
Based on type, the market is segmented into belt, roller, pallet, overhead, and chain conveyors, among others. Conveyor belt segment is expected to grow at a high CAGR during the forecast period due to an increase in demand of conveyor belts in food and beverages, airport, and pharmaceutical industries. They are made from different materials such as rubber, PVC, urethane, neoprene, nylon, polyester, and leather, among others, and are also used in the transportation of bulk materials like salt, grain, coal, and ore. Furthermore, the roller conveyors segment is expected to hold a large market share during the forecast period.
Conveying Equipment Market Size: By Product
Based on product, the market is segmented into unit handling and bulk handling. Unit handling segment is expected to hold the largest market share in terms of revenue during the forecast period. Unit handling conveyors are of many types including: air transfer tables, ball transfer tables, belt conveyors, and drag conveyors. They help in the handling of packages, pallets, or other units. Unit handling conveying equipment helps to preserve sustainability by reducing energy consumption thereby maximizing production efficiency. Furthermore, bulk handling conveyors segment is expected to grow at a high CAGR during the forecast period.
Conveying Equipment Market Size: By End Use
Based on end-use, the market is segmented into food & beverage, warehouse & distribution, automotive, airport, mining, and electronics, among others. The warehouse & distribution segment is expected to hold the largest market share during the forecast period due to the growing demand of the e-commerce industry worldwide. Moreover, the use of conveyors in the food and beverage industry is expected to grow at a high CAGR over the coming years as it minimizes manual labour, reduces the risk of accidents, and ensures food safety and helps in maintaining quality standards.
Conveying Equipment Market: By Region
Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. The Asia-Pacific region is expected to grow at a high CAGR in terms of revenue during the forecast period. Furthermore, the North America region is expected to hold the largest market share over the coming years due to strict government regulations and new innovative technologies.
Conveying Equipment Market Share and Competitor analysis
Some of the key players operating in the conveying equipment market include: Daifuku Co. Ltd., Fives Group, Flex link Intelligent, Inc., Beumer Group GmbH & Co., KG, Fenner Group Holdings Ltd, Siemens AG, Phoenix Conveyor Belt System, Jungheinrich AG, Kion Group AG, KUKA AG, Continental, Emerson Kardex Group, TGW Logistics Group GmbH, and Murata Machinery, Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2020, Beumer Group GmbH & Co., had been chosen by Royal Mail to design the technology for its new fully automated parcel super-hub in Warrington
In July 2020, KUKA AG had been awarded the contract for the planning, delivery, assembly and commissioning of ten robot stations for automated seam sealing and insulation application, including material supply
Check the Press Release on Global Conveying Equipment Market Report
Conveying Equipment Market: By Product
Conveying Equipment Market: By Type
Conveying Equipment Market: By End-Use
Conveying Equipment Market: By Region
Rest Of Apac Conveying Equipment Market, By End-Use, 2020-2026 (USD Million)
The global Conveying Equipment Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Conveying Equipment Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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