The conveyor system market size has witnessed significant growth in recent years. It grew from $9.71 billion in 2024 to $10.28 billion in 2025, registering a compound annual growth rate (CAGR) of 5.9%. These figures are backed by the adoption of labor-saving devices, extensive maintenance and after-sales services, improved supply chain efficiency, demand in emerging markets, and cost reduction strategies.
The market is predicted to see robust growth in the subsequent years. It is expected to reach $13.19 billion in 2029 with a compound annual growth rate (CAGR) of 6.4%. Automation and industry 4.0 adoption, manufacturing sector growth, warehouse optimization, retail sector innovations, and sustainability and green logistics are factors projected to contribute to this substantial growth. Novel trends for the forecast period include integration with robotics, enhanced after-sales services, growing demand in developing nations, labor costs and efficiency, and trade globalization.
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What Factors Are Driving The Conveyor System Market Growth?
The rapid growth of e-commerce is a significant factor that’s priming the conveyor system market for more growth. E-commerce entails buying or selling products over an electronic network, mainly the internet. Conveyor systems are incredibly beneficial in this sector as they ensure quick and efficient delivery of packages of varying sizes. The global e-commerce market reached a staggering total of $5.55 trillion in 2022, according to Shopify Inc. Further, there was an $85 billion worth of e-commerce sales in Latin America in 2021. As a result, it’s evident that e-commerce growth is driving the conveyor system market.
Which Are The Major Segments In The Conveyor System Market?
The conveyor system market addressed in this report is segmented as follows –
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
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Which Are The Key Players Operating In The Conveyor System Market?
Prominent companies operating in the conveyor system market include Daifuku Co. Ltd., Continental AG, Siemens AG, Taikisha Ltd., Fives Group, Kion Group AG, Toyota Industries Corporation, KUKA AG, Honeywell International Inc., Murata Machinery Ltd., Interroll Holding AG, Beumer Group GmbH & Co. KG, Viastore Systems GmbH, SSI Schaefer AG, Knapp AG, Mecalux SA, Witron Logistik + Informatik GmbH, Kardex Group, Terex Corporation, FlexLink AB, Dorner Mfg Corp., Hytrol Conveyor Co. Inc., mk Technology Group Inc., TGW Logistics Group, Conveyor Systems Ltd., Conveyor Units Ltd., ConveyorTek Ltd., LAC Conveyors & Automation Ltd., Advance Automated Systems Ltd.
What Are The Emerging Trends In The Conveyor System Market?
One of the key trends shaping the conveyor system market is the incorporation of technological advancements. Leading companies are introducing novel tech such as the Internet of Things (IoT), radio-frequency identification (RFIDs), 2D radar technology, ultrasonic technology, and artificial intelligence (AI) to maintain their market position. For instance, Continental AG, a Germany-based conveyor systems company, introduced Conti Load Sense, a 2D radar-based conveyor monitoring system, in February 2022. This system’s unique features include 2D radar-based monitoring that scans and determines the position of the load and the belt. It also uses ultrasonic technologies to determine the precise quantity of products being transported.
Which Region Predominates The Conveyor System Market?
Asia-Pacific was the largest region in the conveyor system market in 2024. North America is projected to be the fastest-growing region over the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Conveyor System Market Report 2025 Offer?
The conveyor system refers to mechanical devices and material handling systems used for automatically transporting loads and materials. These systems are popular in various industries as a standard piece of mechanical handling equipment for moving goods from one place to another. It greatly minimizes human error, lowers workplace risks, and reduces labor costs. The Conveyor System Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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