Conveying Equipment Market Size By Product (Bulk Handling Equipment, Unit Handling Equipment, Parts & Attachments), By Application (Durable Manufacturing, Food & Beverage, General Merchandise, Mining & Construction, Transportation, Warehouse & Distribution), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Sep 2019  |  Report ID: GMI754  |  Authors: Ankita Bhutani, Pallavi Bhardwaj

Report Format: PDF   |   Pages: 200   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Conveying Equipment Market size was valued at over USD 45 billion in 2018 and will grow at a CAGR of 3.5% from 2019 to 2025.
 

U.S. ConveyiEquipment Market Share, By Product, 2018 & 2025 (USD Million)

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Growing adoption of online shopping among consumers and the ongoing expansion by retail players are driving the conveying equipment market growth. The rapid decline in offline shopping trends is increasing the pressure on transport and logistics companies to keep up with the growing demand for online shopping. The growth in popularity & size of the e-commerce industry has increased the importance of a smooth supply chain process for companies to determine their success. Moreover, rising e-commerce is dictating more extensive changes in capabilities of warehouse facilities, size, and locations. Efficient supply chain operations form the backbone of the e-commerce industry, leading to the increasing implementation of automated technologies in warehouses by online retailers. In June 2018, Amazon Inc. announced that its warehouse footprint is estimated to reach over 100 million square feet, showcasing a 35% increase since 2007. With the rising expansion of new warehouses and distribution centers by leading e-commerce giants, the demand for advanced conveyors to sort & transport products will increase.
 

These systems help in automating the supply chain process in distribution centers, improving accuracy, and increasing productivity & profitability in operations. Several 3PL companies are increasingly investing in conveying and sorting technologies to simplify the transportation of heavy or bulky materials. Moreover, the players in the conveying equipment market share are introducing advanced systems to aid industries to enhance their reliability, accuracy, and adaptability in distribution centers. For instance, in March 2019, Shuttleworth, LLC announced the launch of Slip-Torque roller technology conveyor in partnership with Soft Robotics Inc., a manufacturer of robotic systems. The conveyor is equipped with SuperPick technology, which requires no human interaction and is mainly designed for the e-commerce industry. Such a rise in technological advancements will propel the market demand.
 

Conveying Equipment Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: USD 45 Billion
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 3.5% 2025 Value Projection: USD 60 Billion
Pages: 200 Tables, Charts & Figures: 172
Geographies covered (24): U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Russia, China, India, Japan, Australia, South Korea, Malaysia, Indonesia, Brazil, Mexico, Argentina, Chile, Colombia, Peru, GCC, South Africa
Segments covered: Product, Application and Region
Companies covered (20): Beumer Group GmbH & Co., KG, Caterpillar Inc., Daifuku Co. Ltd., Fenner Group Holdings Ltd., Fives Group, Flexlink, Intelligrated, Inc., Jungheinrich AG, Kardex Group, Kion Group AG, KUKA AG, Mecalux S.A., Murata Machinery, Ltd., Phoenix Conveyor Belt Systems, Siemens AG, SSI Schaefer Group, Taikisha Global, TGW Logistics Group GmbH, Toyota Industries Corporation, Viastore Systems, Inc.
Growth Drivers:
  • Strong global outlook on automotive production
  • Growth in the global aviation industry
  • Increasing demand for advanced conveyors in the U.S.
  • Rising labor costs and inconvenience of employing a manual workforce in North America and Europe
  • Ongoing industrialization and rise in demand for cost-efficient systems in Europe & Asia Pacific
  • Growth in the Asia Pacific and MEA mining industry
  • Development of manufacturing sector in South-East Asian countries
  • Flourishing e-commerce industry in Asia Pacific & Latin America
Pitfalls & Challenges:
  • Need for trained workforce
  • Declining capital investment
  • High capital investment for setting manufacturing facility and maintenance costs
  • Rising usage of AGVs & robotics

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Conveying Equipment Market, By Product

In several industries, the bulk handling conveying equipment is used to load, unload, convey, store, and reclaim bulk materials such as coal, cement, and chemicals, among others. These types of systems help in transporting raw materials from trucks, trains, or ships to a facility, which are then stored in stockpiles. The material can be reclaimed from the stockpile using automated reclaimers and then conveyed to the storage facility. In these systems, belt conveyors are the most crucial component. Bulk handling conveyors help ensure rapid and efficient delivery. This equipment can handle the control, transportation, and storing of materials in loose bulk form including liquid, food, and minerals. Rising air passenger traffic, upgrading of the existing airport infrastructure, and implementation of automated systems to enhance operational efficiency will strengthen the bulk handling equipment market demand. Moreover, technological advancements, such as tote-based Baggage Handling Systems (BHS), will improve airport operations & airline efficiency and enhance passenger experience.
 

By Application

In the manufacturing industry, materials get handled and moved with parts arriving, getting stored, and being placed on the assembly line. Conveyors are the most critical components of material handling in the manufacturing industry. These systems enable faster and efficient manufacturing/assembly of products, thereby improving productivity. They help in assembling trucks, vans, cars, and other vehicles and aid in transporting car parts and bodies from one manufacturing application to another with consistency. Several manufacturers are adopting automated conveyor systems to facilitate smooth and seamless workflow. Automated conveyors are used for loading, unloading, sequencing, inspections, accumulation, and packaging of products. Players in the material handling equipment market are offering automated systems to enhance comfort and productivity in the industry. For instance, Industrial Kinetics, Inc., a manufacturer of conveyor and material handling systems based in the U.S. is providing robotic & infeed conveyor systems to efficiently automate manufacturing, assembly, or packaging processes. These systems also reduce human errors in operations that demand high precision and repetition.
 

Regional Insights

Asia Pacific Conveying Equipment Market Size, By Region, 2025 (USD Million)
Asia Pacific Conveying Equipment Market Size, By Region, 2025 (USD Million)

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In 2018, the Asia Pacific accounted for over 35% of the industry share and will witness high growth owing to the improving economic conditions in emerging economies such as China, India, Singapore, and Thailand. The growth in food & beverages, e-commerce, and automotive sectors in countries such as China, India, South Korea, Indonesia, Malaysia, and Thailand will drive the demand for advanced material handling equipment. For instance, China’s online retail market is expected to grow from 17% of total retail sales in 2017 to 25% by 2020, driven by the rising adoption of mobile payments and social commerce. Several SMEs and large retailers are widely incorporating advanced technologies to meet customer demands. Moreover, rise in government initiatives such as “Infrastructure Asia”, “Make in India”, “China's Belt & Road Initiative” for infrastructure developments and expansion of the manufacturing sector will drive the conveyor systems demand.
 

Competitive Market Share

Players operating in the conveying equipment market share are Beumer Group GmbH & Co., KG, Daifuku Co., Ltd., Fenner Group Holdings Ltd., Fives Group, Flexlink, Intelligrated, Inc., Jungheinrich AG, Kardex Group, Kion Group AG, KUKA AG, Mecalux S.A., Murata Machinery, Ltd., Phoenix Conveyor Belt Systems, Siemens AG, SSI Schaefer Group, Taikisha Global, TGW Logistics Group GmbH, Toyota Industries Corporation, and Viastore Systems, Inc., among several other regional & international players. The players are entering into partnerships with regional distributors and players to expand their product reach in untapped markets. For instance, in August 2019, Murata Machinery, Ltd. announced a partnership with Alert Innovation, Inc., a start-up based in the U.S. and operating in the material handling equipment market. Alert has developed ALPHABOT technology, a unique picking solution system. Through this collaboration, Murata will develop new material handling solutions based on Alerts technology and will have the rights to design, manufacture, sell, and service systems throughout Japan.
 

Industry Background

Several manufacturers in the conveying equipment market share are providing industry-specific solutions to cater to specific business requirements. Suppliers are offering customized solutions for different industry segments including food & beverages, e-commerce, transportation, and automotive. For instance, Daifuku Co., Ltd., is offering Webb-type chain conveyors designed for automobile assembly lines. The company also supplies trolley conveyors to Toyota Auto Body Co., Ltd. The implementation of these systems aid industries to reduce operational costs and production time. Moreover, the market is highly fragmented and competitive in nature owing to the presence of various industry participants. These players are highly investing in research & development to develop technologically advanced products, as there is an inclination toward automated solutions. Digital technologies are being implemented in transport and logistics to enhance the way in which deliveries are packed, picked, tracked, and shipped to speed up the process.


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