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Conveyor System Market Share

  • Report ID: GMI8000
  • Published Date: Feb 2024
  • Report Format: PDF

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Conveyor System Market Share

Conveyor System industry seem to moderately fragmented in nature due to presence of numerous local and global players across the globe. In 2023, the above list of dominant market players, including collectively held a substantial 44% market share. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.

 

Global Company Market Share Analysis, 2023, (%)

Conveyor System Market Companies

Major players operating in the conveyor system industry include:

  • Beumer Group
  • Daifuku Co., Ltd.
  • Dematic (KION Group)
  • Fives Group
  • FlexLink AB (Coesia Group)
  • Honeywell Intelligrated
  • Hytrol Conveyor Company, Inc.
  • Interroll Holding AG
  • Intralox, L.L.C. (part of Laitram, L.L.C.)
  • Rexnord Corporation
  • Siemens AG
  • Shuttleworth, LLC (ProMach)
  • Swisslog Holding AG (KUKA AG)
  • Viastore Systems GmbH
  • WAMGROUP S.p.A.
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of conveyor system was reached USD 12 billion in 2023 and is set to register a CAGR of over 5.7% between 2024 and 2032, driven by the exponential growth of e-commerce and the logistics sector.

The belt conveyor system was worth USD 6.5 billion in 2023 and is anticipated to grow through 2032, driven by their adaptability to various industries, including manufacturing, logistics, and airports.

North America conveyor system market held a revenue share of 25% in 2023 and is anticipated to grow rapidly through 2032, driven by the expansion and modernization of the manufacturing sector.

Beumer Group, Daifuku Co., Ltd., Dematic (KION Group), Fives Group, FlexLink AB (Coesia Group), Honeywell Intelligrated, Hytrol Conveyor Company, Inc., Interroll Holding AG, Intralox, L.L.C. (part of Laitram, L.L.C.), Rexnord Corporation, Siemens AG are some of the major

Conveyor System Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 250
  • Countries covered: 22
  • Pages: 387
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