Market Size and Overview
The conveying equipment market is estimated to be valued at USD 54.21 Bn in 2025 and is expected to reach USD 71.34 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.00% from 2025 to 2032.
This steady Conveying Equipment Market Forecast reflects increasing investments in material handling infrastructure across manufacturing, logistics, and distribution centers. Continuous technological advancements and growing demand for automation in warehousing have broadened the market scope, driving significant market revenue growth and reshaping industry trends.
Market Segments
The conveying equipment market is broadly segmented into product type, end user, and region.
- Product Type: This includes belt conveyors, roller conveyors, chain conveyors, and others. Belt conveyors dominate the category due to their versatility and efficiency in bulk material handling, accounting for the largest market revenue in 2024. Roller conveyors are the fastest-growing sub-segment, fueled by rising automation needs in e-commerce warehouses, demonstrated by significant implementation at logistics hubs in North America.
- End User: Key end users are manufacturing, warehousing & logistics, and mining sectors. Warehousing and logistics emerged as the fastest-growing sector in 2024, driven by the surge in online retailing and supply chain automation, particularly in Asia-Pacific markets. Manufacturing continues to dominate in overall industry size by revenue due to its diverse applications.
- Region: While Asia-Pacific sees rapid market growth supported by infrastructure development policies in 2024, North America and Europe maintain substantial industry share owing to advanced technology adoption.
Market Drivers
One pivotal market driver is the increasing integration of Industry 4.0 and automation technologies. In 2024, logistics firms deploying digital conveying systems reported a 15% reduction in operational downtime and a 12% boost in throughput. Government incentives promoting smart manufacturing and efficient supply chains further fuel demand. For example, industrial automation investment in Europe increased by 8% in 2024, directly energizing conveying equipment adoption—reflecting a primary market growth driver in conveying equipment market trends.
Segment Analysis
Focusing on product type, belt conveyors registered dominant revenue performance in 2024, driven by their adaptability to bulk and unit load handling. Case studies from major food processing plants show that upgrading to advanced belt conveying systems led to a 20% rise in processing speed and 10% operational cost savings. Meanwhile, conveyor rollers experienced fastest growth with over 7% CAGR from 2024, particularly in e-commerce fulfillment centers optimizing high-speed parcel sorting.
Consumer Behaviour Insights
Recent studies in 2024 reveal three notable behavioral shifts among end users:
1. Digital adoption preference: Over 70% of warehouse operators reportedly prioritize smart conveying systems compatible with IoT platforms to enhance real-time monitoring and predictive maintenance.
2. Sustainability focus: There is increasing demand for energy-efficient and eco-friendly conveying equipment, with 55% of surveyed businesses in 2025 emphasizing reduced carbon footprints in procurement decisions.
3. Customization inclination: Buyers seek conveyors tailored to specific operational needs, as reflected by a 25% uptick in custom conveyance solutions ordered in 2024 across manufacturing and logistics sectors.
Key Players
Major market players include Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group. In 2024 and 2025, these companies pursued aggressive capacity expansions and launched next-gen automation-integrated conveying equipment. For instance, Honeywell Intelligrated expanded its North American production capacities by 15% in 2024 to meet rising demand for smart conveyors. Siemens AG introduced modular conveying solutions in early 2025, enhancing installation flexibility and gaining rapid adoption across European logistics hubs.
Key Winning Strategies Adopted by Key Players
Digital Twin Implementation by Siemens AG (2025): Siemens pioneered the use of digital twin technology for real-time virtual simulation of conveying systems, accelerating deployment timelines by 30% and reducing maintenance costs by 18%. This innovation elevated them above generic automation providers by linking physical equipment with analytics-driven insights.
2. Service-as-a-Product Model Introduced by Daifuku Co., Ltd. (2024): Daifuku adopted a subscription-based model offering predictive maintenance and system upgrades as ongoing services, which improved client retention rates by 22% over one year, a distinctive move enhancing business growth beyond hardware sales.
3. Sustainability-Focused Product Line by BEUMER Group (2025): BEUMER introduced energy-efficient conveyors using regenerative drives and sustainable materials, capturing new market opportunities in regions with stringent environmental regulations and increasing overall market revenue streams.
FAQs
1. Who are the dominant players in the conveying equipment market?
Dominant market companies include Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group, all of which have consistently invested in technology innovations and capacity expansions through 2024 and 2025.
2. What will be the size of the conveying equipment market in the coming years?
The market size for conveying equipment is projected to grow from USD 54.21 billion in 2025 to USD 71.34 billion by 2032, with a CAGR of 4.0%, reflecting sustained industry growth and increasing automation adoption.
3. Which end user industry has the largest growth opportunity?
The warehousing and logistics sector offers the fastest growth opportunities owing to e-commerce expansion and supply chain digitization, showing remarkable revenue increases in 2024 and 2025.
4. How will market development trends evolve over the next five years?
Market trends indicate heightened integration of IoT-enabled conveyors, increased focus on sustainability, and a shift towards flexible and customizable solutions, all driving higher market revenues and evolving market dynamics.
5. What is the nature of the competitive landscape and challenges in the conveying equipment market?
The landscape is characterized by technology-driven competition and capacity scaling. Key challenges include adapting to varied regulatory requirements and rising raw material costs, which influence market growth strategies.
6. What go-to-market strategies are commonly adopted in the conveying equipment market?
Market players commonly pursue product innovation, strategic regional expansions, and service-based business models. Advanced digital twin technologies and sustainability-centric product lines are emerging as significant differentiators.
This comprehensive conveying equipment market report underlines the critical market size and revenue performance data, while delving deep into market share evolution, market trends, and actionable market growth strategies. Expert market insights point to a dynamic 2025–2032 forecast period with ample market opportunities supported by innovative strategies and evolving consumer preferences.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)