The conveying equipment market is witnessing steady growth propelled by expanding industrial automation and logistics modernization. Driven by the need for efficient material handling in diverse sectors, this industry is evolving with innovative technologies to meet increasing market demand and operational efficiency. The comprehensive market analysis offers critical insights into market size, revenue, and competitive dynamics shaping the future landscape.
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 growth corresponds to rising investments in infrastructure development and e-commerce logistics expansion, which bolster the industry size and revenue. The Conveying Equipment Market Growth report also highlights an increasing focus on automated and smart conveying solutions to address labor shortages and enhance operational productivity. Analyzing recent industry trends, the market opportunities include expanding applications in automotive, food & beverage, and pharmaceutical sectors, which collectively elevate market scope and business growth prospects.
Market Drivers
One significant market driver is the acceleration of e-commerce and warehouse automation in 2024 and 2025. For instance, the surge in online retail sales, coupled with the need for rapid order fulfillment, has led to an increased adoption of conveyor systems equipped with advanced robotics and IoT technologies. Companies in the conveying equipment market leverage these trends to optimize supply chain operations, reducing manual handling and processing time. This factor not only influences market revenue but also impacts market growth trajectories positively, as more industries shift towards automated conveying solutions to meet rising consumer demands efficiently.
PEST Analysis
- Political: Regulatory support for industrial automation and infrastructure investments, especially in North America and Asia-Pacific in 2024, promotes market growth. Government initiatives aimed at enhancing trade logistics infrastructure have also encouraged increased spending on conveying equipment.
- Economic: Despite global economic uncertainty in early 2025, robust growth in the manufacturing and e-commerce sectors acts as a significant economic driver. Rising disposable incomes in emerging economies further bolster industry share by expanding demand for consumer goods requiring automated material handling.
- Social: Increasing labor cost pressures and a shrinking workforce, especially in developed regions, accelerate adoption of conveyor technologies. Additionally, the growing focus on workplace safety standards compels industries to invest in automated conveying equipment to reduce accidents and improve compliance.
- Technological: Rapid advancements in IoT, AI-driven predictive maintenance, and energy-efficient conveying systems have revolutionized market trends. The integration of smart sensors and data analytics enables real-time monitoring and improved reliability, catalyzing market growth strategies implemented by market players globally.
Promotion and Marketing Initiative
In 2025, a leading conveying equipment market company launched a digital campaign focusing on the integration of AI-based conveyor solutions with warehouse management systems. This campaign, supported by webinars and interactive demonstrations, strengthened market visibility and fueled increased customer engagement. The promotional strategy resulted in a 15% boost in market revenue within six months by attracting clients from the e-commerce and automotive sectors. Such targeted marketing initiatives highlight how strategic promotion can drive market opportunities and solidify brand presence in an increasingly competitive environment.
Key Players
- Daifuku Co., Ltd.
- Siemens AG
- Honeywell Intelligrated
- TGW Logistics Group
- BEUMER Group
- Interroll Holding AG
- Dematic
- Vanderlande Industries
- Fives Group
- Mitsubishi Electric
- Toshiba Machine Co.
- Bosch Rexroth AG
- FlexLink Systems AB
- Jervis B. Webb Company
- Hytrol Conveyor Company
- Astec Industries Inc.
Recent strategies include:
- Daifuku Co., Ltd. expanded its product portfolio in 2024 by launching eco-friendly conveyor belts supporting sustainable operations, resulting in a 10% increase in client acquisitions.
- Siemens AG announced a strategic partnership with major logistics players in early 2025 to co-develop AI-enabled conveyor systems, enhancing operational efficiency and reducing downtime risks.
- Honeywell Intelligrated unveiled a state-of-the-art automated sorting conveyor solution in mid-2024, which contributed to a 12% uplift in market revenue by capturing new opportunities in retail distribution centers.
FAQs
1. Who are the dominant players in the conveying equipment market?
The conveying equipment market is led by several major companies including Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group, which collectively drive innovation through product launches, strategic partnerships, and market expansions.
2. What will be the size of the conveying equipment market in the coming years?
The market size is forecasted to grow from USD 54.21 billion in 2025 to USD 71.34 billion by 2032, reflecting a CAGR of 4.0%, driven by rising automation and logistics sectors.
3. Which end-user industry has the largest growth opportunity in the conveying equipment market?
Logistics and warehousing sectors, propelled by e-commerce growth, represent the largest growth opportunities due to increased demand for efficient material handling and order fulfillment systems.
4. How will market development trends evolve over the next five years?
Market trends indicate a shift towards smart and AI-integrated conveying equipment, focusing on energy efficiency, real-time monitoring, and predictive maintenance, enhancing market scope and business growth opportunities.
5. What is the nature of the competitive landscape and challenges in the conveying equipment market?
The competitive landscape is characterized by continuous innovation and strategic collaborations, with challenges such as high initial investment costs and adaptation to rapidly evolving technologies impacting market players’ growth strategies.
6. What go-to-market strategies are commonly adopted in the conveying equipment market?
Market companies frequently adopt strategies including product innovation, digital marketing campaigns, strategic partnerships, and geographic expansions to enhance market share and capitalize on emerging market opportunities.
‣ Get more insights on : Conveying Equipment Market
‣ Get this Report in Japanese Language: 搬送機器市場
‣ Get this Report in Korean Language: 수송장비시장
Author Bio:
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 )
