The Business Research Company has updated all its market reports with the latest information for the year 2024, projecting trends and forecasts until 2033.
The Conveyor System Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Conveyor System Market:
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According to The Business Research Company’s Conveyor System Global Market Report 2024, The conveyor system market size has grown strongly in recent years. It will grow from $9.21 billion in 2023 to $9.78 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to labor-saving devices adoption, maintenance and after-sales services, supply chain efficiency, emerging markets demand, cost reduction strategies.The conveyor system market size is expected to see strong growth in the next few years. It will grow to $12.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%.
The rapid growth in e-commerce is expected to drive the expansion of the conveyor system market. E-commerce, which involves electronically buying or selling products over the internet, has experienced significant growth. Conveyor systems play a crucial role in the e-commerce sector, offering advantages such as quick and efficient delivery of packages and parcels of various sizes, fast delivery times, and suitability for handling diverse product types.
For example, in February 2022, Shopify Inc., a Canada-based multinational e-commerce company, reported that the global e-commerce market reached a total of $5.55 trillion in 2022. Additionally, Latin America witnessed $85 billion in e-commerce sales in 2021. The increasing demand for conveyor systems is a result of the growing reliance on e-commerce platforms for purchasing goods, highlighting the role of conveyor systems in facilitating efficient and timely product delivery
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The conveyor system market covered in this report is segmented –
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 User Industries
Top Major Players
Daifuku Co. Ltd.,
Continental AG,
Siemens AG,
Taikisha Ltd.,
Fives Group
The conveyor system market report table of contents includes:
1. Executive Summary
- Conveyor System Market Characteristics
- Conveyor System Market Trends And Strategies
- Conveyor System Market – Macro Economic Scenario
- Global Conveyor System Market Size and Growth
- Conveyor System Market Segmentation
- Conveyor System Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Conveyor System Market
- Conveyor System Market Future Outlook and Potential Analysis
- Appendix
List Of Tables :
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Conveyor System Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Conveyor System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Conveyor System Market, Segmentation By Operation, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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Table 75: Daifuku Co. Ltd. Financial Performance
Table 76: Continental AG Financial Performance
Table 77: Siemens AG Financial Performance
Table 78: Taikisha Ltd. Financial Performance
Table 79: Fives Group Financial Performance
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