Conveyor System Market Size - By Product Type (Bucket Conveyor Systems, Belt Conveyor System, Gravity Roller Conveyor, Screw Conveyors, Chain Conveyors), By End-user Vertical (Airport, Retail, Automotive, Food & Beverages), Operation, Distribution Channel

Conveyor System Market Size - By Product Type (Bucket Conveyor Systems, Belt Conveyor System, Gravity Roller Conveyor, Screw Conveyors, Chain Conveyors), By End-user Vertical (Airport, Retail, Automotive, Food & Beverages), Operation, Distribution Channel & Forecast, 2024 - 2032

Conveyor System Market size is poised to expand at over 5.7% CAGR between 2024 and 2032, driven by the integration of automation and industry 4.0 technologies.

Lately, multiple industries are adopting conveyor systems embedded with AI, IoT, and robotics for enhanced efficiency and productivity. For instance, in April 2023, Omtech Food Engineering introduced a next-generation conveyor belt system to enhance food processing techniques. Such automated conveyor systems enable real-time monitoring, predictive maintenance, and seamless material flow optimization. Moreover, Industry 4.0 advancements offer intelligent conveyor solutions capable of adapting to changing production demands. With the focus on smart manufacturing and increased demand for streamlined operations, the adoption of advanced conveyor technologies is set to increase.

The overall industry is segmented into product type, operation, end-user vertical, distribution channel, and region.

Based on product type, the gravity roller conveyor system market is anticipated to witness 5.4% CAGR from 2024-2023. This is owing to the widespread use of these conveyor systems in various industries due to their simplicity, versatility, and cost-effectiveness. Gravity roller conveyors offer smooth, gravity-powered movement of goods for reducing manual handling and increasing efficiency. Industries, such as manufacturing, logistics, and distribution centers are also benefitting from these conveyors given their ease of installation and low maintenance requirement.

In terms of end-user vertical, the conveyor system market from the airport segment accounted for sizable revenue share in 2023 and is estimated to attain 5.8% CAGR up to 2032. Airports worldwide rely on conveyor systems for efficient baggage handling for ensuring seamless travel experiences for passengers. With increasing air travel demand, airports are continuously upgrading their infrastructure, further driving the demand for advanced conveyor technologies. For instance, in May 2023, Jeddah Airports Company disclosed plans to turn King Abdulaziz International Airport into one of the world's largest airports, with an SR115 billion ($31 billion) expansion plan to expand passenger capacity to up to 114 million yearly in addition to the upgrade of new baggage conveyor systems and lounges.

Regionally, the Asia Pacific conveyor system industry is set to exhibit 6.7% growth rate during 2024-2032. The rapid industrialization, particularly in countries, such as China and India is fueling the demand for efficient material handling solutions, providing potential growth opportunities for industry participants. For instance, in February 2024, Convello, a renowned conveyor system manufacturer, announced intentions to exhibit its revolutionary inter-logistics equipment and high-quality material handling systems at LOGIMAT INDIA 2024. Furthermore, the e-commerce boom in the region is increasing the need for automated conveyor systems in warehouses and distribution centers, augmenting the regional industry outlook.

Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameter
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary Paid sources Public sources
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Technological overview
3.3 Regulatory landscape
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Growth potential analysis
3.6 Porter's analysis
3.6.1 Supplier power
3.6.2 Buyer power
3.6.3 Threat of new entrants
3.6.4 Threat of substitutes
3.6.5 Industry rivalry
3.7 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Company market share analysis
4.2 Competitive positioning matrix
4.3 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type (USD Billion) (Million Units)
5.1 Key trends
5.2 Bucket conveyor systems
5.3 Belt conveyor system
5.4 Gravity roller conveyor
5.5 Screw (auger) conveyors
5.6 Chain conveyors
5.7 Others ( overhead, floor, pallet, etc)
Chapter 6 Market Estimates & Forecast, By Operation (USD Billion) (Million Units)
6.1 Key trends
6.2 Semi-automatic
6.3 Automatic
Chapter 7 Market Estimates & Forecast, By End-User Vertical (USD Billion) (Million Units)
7.1 Key trends
7.2 Airport
7.3 Retail
7.4 Automotive
7.5 Food & beverages
7.6 Others
Chapter 8 Market Estimates & Forecast, By Distribution Channel (USD Billion) (Million Units)
8.1 Key trends
8.2 Direct
8.3 Indirect
Chapter 9 Market Estimates & Forecast, By Region (USD Billion) (Million Units)
9.1 Key trends, by region
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Australia
9.4.6 Rest of Asia Pacific
9.5 Latin America
9.5.1 Brazil
9.5.2 Mexico
9.5.3 Argentina
9.5.4 Rest of Latin AMerica
9.6 MEA
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 South Africa
9.6.4 Rest of MEA
Chapter 10 Company Profiles
10.1 Beumer Group
10.2 Daifuku Co., Ltd.
10.3 Dematic (KION Group)
10.4 Fives Group
10.5 FlexLink AB (Coesia Group)
10.6 Honeywell Intelligrated
10.7 Hytrol Conveyor Company, Inc.
10.8 Interroll Holding AG
10.9 Intralox, L.L.C. (part of Laitram, L.L.C.)
10.10 Rexnord Corporation
10.11 Siemens AG
10.12 Shuttleworth, LLC (ProMach)
10.13 Swisslog Holding AG (KUKA AG)
10.14 Viastore Systems GmbH
10.15 WAMGROUP S.p.A.

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