The conveying equipment industry continues to evolve with increasing automation and technological integration enhancing operational efficiencies across various sectors like manufacturing, logistics, and warehousing. Market dynamics are driven by innovations in material handling and digitalization, making conveying equipment essential to modern supply chain management.
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 robust market growth is supported by rising demand for streamlined material handling in industrial applications and expanding e-commerce sectors globally. The Conveying Equipment Market scope covers several segments including belt conveyors, roller conveyors, and automated guided vehicles, reflecting diverse industry needs.
Current Events & Its Impact on Market
I. Increasing Automation Integration in Asia-Pacific
A. Expansion of Smart Warehouses in China and India – Accelerates adoption of advanced conveying equipment, driving market growth and increasing market share in the region.
B. Government Initiatives Supporting Industry 4.0 – Promotes investments in technology-driven conveying solutions, enhancing market opportunities and driving business growth in conveying equipment market segments.
C. Supply Chain Digitization in Southeast Asia – Facilitates real-time inventory management, boosting demand for conveyors with IoT and AI integration.
II. Global Semiconductor Shortage and Its Ripple Effect
A. Production Delays in Conveying Equipment Components – Restricts manufacturing capacity affecting market revenue and slows market growth temporarily.
B. Shift towards Localized Manufacturing Hubs in Europe and North America – Creates new market opportunities while mitigating supply chain risks in conveying equipment industry.
C. Increased Cost of Raw Materials – Acts as a market restraint, pressuring profit margins and influencing pricing strategies among major market players.
Impact of Geopolitical Situation on Supply Chain
A recent real-world case exemplifying geopolitical impact involves trade tensions between major economies leading to port congestions and tariff impositions. For conveying equipment manufacturers, disruptions in the supply of critical components like motors and sensors caused delays in equipment delivery schedules globally in 2024. This strained relationships with manufacturing and logistics market companies, emphasizing the importance of diversified supplier bases. Consequently, many players restructured supply chains towards nearshoring strategies, improving resilience but also incurring initial cost increases, directly influencing overall market growth and revenue streams.
SWOT Analysis
Strengths
- Established integration of automation and advanced control systems improving operational efficiency.
- Strong demand from e-commerce, automotive, and food & beverage industries, enhancing industry share.
Weaknesses
- High dependency on semiconductor and electronic component availability creating supply chain vulnerabilities.
- Significant capital expenditure required for installation and maintenance limiting adoption among SMEs.
Opportunities
- Rising focus on sustainability driving demand for energy-efficient and eco-friendly conveying equipment.
- Expansion in emerging markets with evolving logistics infrastructure broadening market scope.
Threats
- Geopolitical tensions leading to supply chain disruptions and increased raw material costs.
- Competitive pressures from low-cost manufacturers affecting pricing and market revenue.
Key Players
- Daifuku Co., Ltd.
- Siemens AG
- Honeywell Intelligrated
- TGW Logistics Group
- BEUMER Group
In 2024, Siemens AG announced strategic investments in AI-enabled conveyor solutions, enhancing market trends towards smart factories. Daifuku Co., Ltd. expanded its technology partnerships to include IoT platforms, resulting in improved equipment monitoring and predictive maintenance, bolstering business growth. Honeywell Intelligrated introduced modular conveyor systems in early 2025, enabling scalable setups that address diverse market segments and contribute positively to market revenues.
FAQs
1. Who are the dominant players in the conveying equipment market?
Key market players include Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group, which lead the industry through technological innovation and strategic collaborations.
2. What will be the size of the conveying equipment market in the coming years?
The conveying equipment market size is forecasted to grow from USD 54.21 billion in 2025 to USD 71.34 billion by 2032, registering a CAGR of 4.0%.
3. Which end-user industry has the largest growth opportunity?
The e-commerce and logistics sectors offer the largest growth opportunities due to increased demand for efficient material handling and last-mile delivery optimization.
4. How will market development trends evolve over the next five years?
Market trends will be shaped by automation intensification, integration of AI and IoT, and sustainability-driven innovations that increase equipment efficiency and reduce operational costs.
5. What is the nature of the competitive landscape and challenges in the conveying equipment market?
The competitive landscape is marked by rapid technological adoption and expansion into emerging markets. Key challenges include supply chain disruptions and higher raw material costs impacting market growth strategies.
6. What go-to-market strategies are commonly adopted in the conveying equipment market?
Market companies increasingly adopt partnerships for technology upgrades, invest in R&D for customized solutions, and focus on after-sales services to strengthen market share and client retention.
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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 )
