Conveying Equipment Trends and Forecast
The future of the global conveying equipment market looks promising with opportunities in the food & beverage, warehouse & distribution, automotive, airport, mining, and electronic markets. The global conveying equipment market is expected to reach an estimated $61.2 billion by 2030 with a CAGR of 3.6% from 2024 to 2030. The major drivers for this market are growing automation and material handling needs in sectors like manufacturing, construction, and mining, increased investment in infrastructure development, as well as, the companies are increasingly seeking automated and safe solutions for material handling.
• Lucintel forecasts that belt will remain the largest segment over the forecast period.
• Within this market, warehouse & distribution will remain the largest segment.
• North America is expected to witness highest growth over the forecast period.
Germany: Siemens launches a new line of automated conveyor systems for smart factories, aiming for increased efficiency and data integration.
China: Chinese government offers tax breaks to manufacturers of energy-efficient conveying equipment to promote sustainability in the industry.
India: Indian conglomerate invests $50 million in a new factory for high-capacity conveyor belts to address growing infrastructure demands.
USA: US Department of Transportation allocates funding to upgrade airport baggage handling systems with advanced conveyor technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Conveying Equipment by Segment
The study includes a forecast for the global conveying equipment by type, product, application, and region.
Conveying Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Belt
• Roller
• Pallet
• Overhead
• Chain Conveyors
• Others
Conveying Equipment Market by Product [Shipment Analysis by Value from 2018 to 2030]:
• Unit Handling
• Bulk Handling
• Parts & Attachments
Conveying Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Beverage
• Warehouse & Distribution
• Automotive
• Airport
• Mining
• Electronics
• Others
Conveying Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Conveying Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies conveying equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the conveying equipment companies profiled in this report include-
• Daifuku
• BEUMER
• Fives
• FlexLink
• Jungheinrich
• Kardex
• Kion Group
• KUKA
• Murata Machinery,
• Phoenix Conveyor Belt Systems
Recent Development in the Conveying Equipment Market
Siemens: Launched a new line of automated conveyor systems designed for smart factories, aiming to improve efficiency and data integration within manufacturing operations.
Beumer Group: Focuses on developing next-generation high-speed sorting conveyor systems for e-commerce fulfillment centers, catering to the surge in online shopping.
Sandvik AB: Expands its offering of underground mining conveyor systems with a focus on remote control and automation for enhanced safety and productivity.
T geburtstagsgruesse.de (Fenner India): Builds a new factory to manufacture high-capacity conveyor belts to meet the growing demand in the infrastructure sector.
Honeywell Intelligrated: Partners with a leading automotive manufacturer to implement a comprehensive automated conveyor system for a new assembly plant.
Daifuku Co., Ltd.: Develops a new line of modular and flexible conveyor systems for easy customization and integration within various industrial settings.
FLSmidth: Expands its service offerings for maintenance and optimization of existing conveying equipment, aiming to improve efficiency and extend the lifespan of these systems across industries.
Features of the Global Conveying Equipment Market
Market Size Estimates: Conveying equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Conveying equipment market size by type, product, application, and region in terms of value ($B).
Regional Analysis: Conveying equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, products, applications, and regions for the conveying equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the conveying equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the conveying equipment market size?
Answer: The global conveying equipment market is expected to reach an estimated $61.2 billion by 2030.
Q2. What is the growth forecast for conveying equipment market?
Answer: The global conveying equipment market is expected to grow with a CAGR of 3.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the conveying equipment market?
Answer: The major drivers for this market are growing automation and material handling needs in sectors like manufacturing, construction, and mining, increased investment in infrastructure development, as well as, the companies are increasingly seeking automated and safe solutions for material handling.
Q4. What are the major segments for conveying equipment market?
Answer: The future of the global conveying equipment market looks promising with opportunities in the food & beverage, warehouse & distribution, automotive, airport, mining, and electronic markets.
Q5. Who are the key conveying equipment market companies?
Answer: Some of the key conveying equipment companies are as follows:
• Daifuku
• BEUMER
• Fives
• FlexLink
• Jungheinrich
• Kardex
• Kion Group
• KUKA
• Murata Machinery,
• Phoenix Conveyor Belt Systems
Q6. Which conveying equipment market segment will be the largest in future?
Answer: Lucintel forecasts that belt will remain the largest segment over the forecast period.
Q7. In conveying equipment market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the conveying equipment market by type (belt, roller, pallet, overhead, chain conveyors, and others), product (unit handling, bulk handling, and parts & attachments), application (food & beverage, warehouse & distribution, automotive, airport, mining, electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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