“Conveyor System Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on conveyor system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for conveyor system? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The conveyor system market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Product Type: Belt Conveyor; Roller Conveyor; Pallet Conveyor; Overhead Conveyor; Tri-Planar Conveyor; Crescent Conveyor; Skid Conveyor; Trailer Conveyor; Other Product Types
- 2) By Component: Aluminum profile; Driving unit; Extremity unit
- 3) By Operation: Manual; Semi-automatic; Automatic
- 4) By End-User Industry: Retail; Food and Beverages; Poultry and Dairy; Automotive; Airport; Other End Users
- Companies Mentioned: Daifuku Co Ltd.; Continental AG; Siemens AG; Taikisha Ltd.; Fives Group
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery Format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the conveyor system market are: Daifuku Co Ltd., Continental AG, Siemens AG, Taikisha Ltd., Fives Group, Dematic Group S.a r.l., Emerson Electric Co., Interroll Holding Ltd., Swisslog Holding AG, SSI Schafer AG, TGW Logistics Group Gmbh., Honeywell Intelligrated, Somi Conveyor Beltings, Phoenix Conveyor Belt Systems, and Khare Agromech Industries PVT.LTD.
The global conveyor systems market is expected to grow from $8.76 billion in 2022 to $9.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The conveyor system market is expected to grow to $11.45 billion in 2027 at a CAGR of 5.4%.
The conveyor system market consists of sales of aero-mechanical conveyors, automotive conveyors, belt conveyor, belt-driven live roller conveyors, bucket conveyor, chain conveyor, chain-driven live roller conveyor, and drag conveyor. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Conveyor system refers to mechanical devices and material handling systems for automatically transporting loads and materials. The conveyor system is used in many industries as a standard piece of mechanical handling equipment for moving goods from one location to another as it minimizes the risk of human error, lowers workplace risks, and also reduces labor costs.
Asia-Pacific was the largest region in the conveyor system market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the conveyor system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of conveyor systems are belt conveyors, roller conveyors, pallet conveyors, overhead conveyors, tri-planar conveyors, crescent conveyors, skid conveyors, trailer conveyors, and other product types. A belt conveyor system consists of two or more pulleys with a closed loop of carrying medium the conveyor belt that rotates about them. The various components include an aluminum profile, a driving unit, extremity unit, that operates manual, semi-automatic, and automatic operations, which are used in retail, food and beverages, poultry and dairy, automotive, airport, and other end users.
Rapid growth in e-commerce is expected to propel the growth of the conveyor system market going forward. Ecommerce refers to businesses and individuals who buy and sell goods and services over the Internet. Conveyor systems are beneficial in the e-commercial sector as they provide quick and efficient delivery of packages and parcels of a variety of sizes, are fast in delivery, and are ideal for the specialized capacity of products. For instance, in February 2022, according to Shopify Inc., a Canada-based multinational e-commerce company, the global e-commerce market is expected to reach total $5.55 trillion in 2022. Additionally, Latin America saw $85 billion in e-commerce sales in 2021, up 25% from $68 billion in 2020. Therefore, the growth in the automotive industry is driving the growth of the conveyor system market.
Technological advancement is the key trend gaining popularity in the conveyor system market. Major companies operating in the market are introducing new technologies such as the Internet of Things (IoT), radio-frequency identification (RFIDs), 2D radar technology, ultrasonic technology, and artificial intelligence (AI) to sustain their position in the market. For instance, in February 2022, Continental AG, a Germany-based company operating in conveyor systems introduced Conti Load Sense, a new 2D radar-based conveyor monitoring system. The unique features of this conveyor system include 2D radar-based monitoring that scans the material and conveyor belt from various angles to determine the position of the load and the belt and utilizes ultrasonic technologies. This determines the precise number of products being transported
In June 2022, BEUMER, a Germany-based manufacturer of conveyor systems acquired FAM Group for an undisclosed amount. Through this acquisition, BEUMER expands its portfolio in conveyor systems. The FAM Group is a Canada-based company manufacturing conveyor systems.
The countries covered in the conveyor system market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The conveyor systems market research report is one of a series of new reports from The Business Research Company that provides conveyor systems market statistics, including conveyor systems industry global market size, regional shares, competitors with a conveyor systems market share, detailed conveyor systems market segments, market trends and opportunities, and any further data you may need to thrive in the conveyor systems industry. This conveyor systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Conveyor System Market Characteristics
3. Conveyor System Market Trends And Strategies
4. Conveyor System Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Conveyor System Market
- 4.2. Ukraine-Russia War Impact On Conveyor System Market
- 4.3. Impact Of High Inflation On Conveyor System Market
5. Conveyor System Market Size And Growth
- 5.1. Global Conveyor System Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Conveyor System Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Conveyor System Market Segmentation
- 6.1. Global Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Belt Conveyor
- Roller Conveyor
- Pallet Conveyor
- Overhead Conveyor
- Tri-Planar Conveyor
- Crescent Conveyor
- Skid Conveyor
- Trailer Conveyor
- Other Product Types
- 6.2. Global Conveyor System Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Aluminum profile
- Driving unit
- Extremity unit
- 6.3. Global Conveyor System Market, Segmentation By Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Manual
- Semi-automatic
- Automatic
- 6.4. Global Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Retail
- Food and Beverages
- Poultry and Dairy
- Automotive
- Airport
- Other End Users
7. Conveyor System Market Regional And Country Analysis
- 7.1. Global Conveyor System Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Conveyor System Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Conveyor System Market
- 8.1. Asia-Pacific Conveyor System Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Conveyor System Market
- 9.1. China Conveyor System Market Overview
- 9.2. China Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Conveyor System Market
- 10.1. India Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Conveyor System Market
- 11.1. Japan Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Conveyor System Market
- 12.1. Australia Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Conveyor System Market
- 13.1. Indonesia Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Conveyor System Market
- 14.1. South Korea Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Conveyor System Market
- 15.1. Western Europe Conveyor System Market Overview
- 15.2. Western Europe Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Conveyor System Market
- 16.1. UK Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Conveyor System Market
- 17.1. Germany Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Conveyor System Market
- 18.1. France Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Conveyor System Market
- 19.1. Eastern Europe Conveyor System Market Overview
- 19.2. Eastern Europe Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Conveyor System Market
- 20.1. Russia Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Conveyor System Market
- 21.1. North America Conveyor System Market Overview
- 21.2. North America Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Conveyor System Market
- 22.1. USA Conveyor System Market Overview
- 22.2. USA Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Conveyor System Market
- 23.1. South America Conveyor System Market Overview
- 23.2. South America Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Conveyor System Market
- 24.1. Brazil Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Conveyor System Market
- 25.1. Middle East Conveyor System Market Overview
- 25.2. Middle East Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Conveyor System Market
- 26.1. Africa Conveyor System Market Overview
- 26.2. Africa Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Conveyor System Market, Segmentation By End-User Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Conveyor System Market Competitive Landscape And Company Profiles
- 27.1. Conveyor System Market Competitive Landscape
- 27.2. Conveyor System Market Company Profiles
- 27.2.1. Daifuku Co Ltd.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Continental AG
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Siemens AG
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Taikisha Ltd
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Fives Group
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Conveyor System Market
29. Conveyor System Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer