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The Conveyor System Market size is expected to reach US$ 9.40 billion by 2031 from US$ 6.47 billion in 2024. The market is anticipated to register a CAGR of 5.7% during 2025–2031.
Conveyor System Market Analysis
The global conveyor system market has experienced steady growth due to rising industrial automation, the expansion of e-commerce, and the modernization of manufacturing facilities. As supply chains become more complex and time-sensitive, conveyor systems are essential for smooth material flow and process efficiency. Major sectors driving demand include automotive, food & beverage, pharmaceuticals, logistics, and airports. Asia Pacific dominates the market due to rapid industrialization, while North America and Europe follow with steady upgrades to legacy systems and growing adoption of smart technologies.Conveyor System Market Overview
A conveyor system is a mechanical handling solution used to move materials from one point to another within a facility. These systems are widely employed across industries such as manufacturing, warehousing, food processing, mining, and airports. They come in various types, including belt, roller, overhead conveyors, designed to transport goods of different shapes, sizes, and weights. Conveyor systems enhance operational efficiency by automating repetitive tasks, reducing manual labor, and minimizing processing time.
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Conveyor System Market: Strategic Insights
Market Size Value in US$ 8.86 billion in 2022 Market Size Value by US$ 12.94 billion by 2028 Growth rate CAGR of 22.5% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Conveyor System Market Drivers and Opportunities
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Conveyor System Market: Strategic Insights
| Market Size Value in | US$ 8.86 billion in 2022 |
| Market Size Value by | US$ 12.94 billion by 2028 |
| Growth rate | CAGR of 22.5% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Market Drivers:
Growth of E-Commerce and Warehousing:
The swift growth of e-commerce has emerged as a key catalyst for the expansion of the global conveyor system market. As digital adoption accelerates and consumer preferences evolve, the surge in online shopping activity is compelling businesses to enhance their warehousing and distribution infrastructure, prioritizing scalability, speed, and operational efficiency.Surging Demand in Food & Beverage and Pharmaceuticals:
The food & beverage (F&B) and pharmaceutical industries are experiencing significant growth, directly influencing the demand for automated conveyor systems. As these sectors scale operations to meet rising global demand, the need for efficient, hygienic, and high-speed material handling solutions becomes essential.
Market Opportunities:
Emergence of Smart Conveyors and AI Integration:
The rise of smart conveyors integrated with artificial intelligence (AI) presents a transformative opportunity for the conveyor system market. With industries focusing on automation, efficiency, and predictive maintenance, AI-driven technologies such as machine learning, computer vision, natural language processing (NLP), and robotic process automation (RPA) are revolutionizing conveyor systems.
Conveyor System Market Report Segmentation Analysis
The Conveyor System market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in industry reports:
By Type:
Belt Conveyors:
Belt conveyors use a continuous belt to carry materials from one place to another.Roller Conveyors:
Roller conveyors consist of many rollers placed next to each other, allowing items to move smoothly across them.Roller Conveyors:
Overhead conveyors are hung from the ceiling or a support structure, moving products above the floor.Others:
The "Others" category includes screw conveyors, vibrating conveyors, and pneumatic conveyors.
By Operation Mode:
Automatic Conveyor Systems:
Automatic conveyor systems are fully automated machines that move products or materials without human help.Semi?automatic Systems:
Semi-automatic conveyor systems combine automation and manual operation. Some tasks are done automatically, while others still need human input.Manual Systems:
Manual conveyor systems rely entirely on human effort to move items. These systems include simple rollers or tracks where workers push or guide products from one point to another.
By Industry:
- Food and Beverage
- Automotive
- Airports
- Logistics
- Metal and Mining
- Others
Each industry type has specific requirements for conveyor systems. It influences focus on speed, convenience, and sustainability.
By Geography:
- North America
- Europe
- Asia Pacific
- South & Central America
- Middle East & Africa
Conveyor System Market Report ScopeConveyor System Market Share Analysis by Geography
The Conveyor System market in Asia Pacific is growing and is primarily driven by the expanding e-commerce sector. Emerging markets in South & Central America, the Middle East, and Africa also have untapped opportunities for conveyor system providers to expand their operations.
The conveyor system market growth differs in each region due to expanding e-commerce and warehousing industries across countries. Below is a summary of market share and trends by region:
1. North America
Market Share:
Holds a significant portion of the global marketKey Drivers:
- Strong industrial base in automotive, food & beverage, and manufacturing.
- Rising labor costs and a shortage of skilled workforce are driving automation.
- Growth of e-commerce and high-speed logistics operations.
Trends:
Emergence of compact, modular conveyor systems in urban micro-fulfillment centers.
2. Europe
Market Share:
Substantial share due to early, stringent EU regulationsKey Drivers:
- Established automotive and food processing sectors are adopting precision automation.
- Strict safety and environmental regulations promote advanced conveyor solutions.
- Rising adoption of Industry 4.0 technologies and retrofitting of legacy systems.
Trends:
Adoption of energy-efficient drives and sensor-equipped systems for sustainability and predictive maintenance.
3. Asia Pacific
Market Share:
Fastest-growing region with dominant market shareKey Drivers:
- Rapid industrialization in China, India, Vietnam, and Southeast Asia.
- Government-led manufacturing and automation initiatives boost adoption.
- Growth in e-commerce and warehousing infrastructure.
Trends:
Shift toward modular, high-throughput conveyor systems for logistics automation.
4. South and Central America
Market Share:
Although small, it is growing quicklyKey Drivers:
- Expanding mining, agriculture, and bulk material handling operations.
- Modernization of logistics infrastructure and warehousing facilities.
- Pressure to reduce manual labor costs through automation.
Trends:
Development of regional consolidation hubs using automated conveyor systems.
5. Middle East and Africa
Market Share:
Growing Market with steady progressKey Drivers:
- Industrial and infrastructure mega-projects across logistics, airports, and manufacturing.
- Increasing automation to address labor constraints and improve efficiency.
- Public and private investments in warehousing and logistics zones.
Trends:
Growth of local partnerships for customized conveyor system deployment in industrial zones.
Conveyor System Market Players Density: Understanding Its Impact on Business Dynamics
High Market Density and Competition
Competition is intense due to established players such as Daifuku Co Ltd, Kion Group AG, and Metso Outotec Corp. Regional and niche providers such as Swisslog Holding AG (Germany) and Fives SAS (France) add to the competitive landscape across regions.
This high level of competition urges companies to stand out by offering:
- Investments in conveyor systems
- Energy-Efficient and Eco-Friendly Systems.
Opportunities and Strategic Moves
- Emergence of Smart Conveyors and AI Integration.
- Growing emphasis on sustainability.
Major Companies operating in the Conveyor System Market are:
- Daifuku Co., Ltd. – Osaka, Japan
- KION Group AG – Frankfurt am Main, Germany
- Metso Outotec Corp – Helsinki, Finland
- Honeywell International Inc. – Charlotte, North Carolina, United States
- Interroll Holding GmbH – Sant'Antonino, Switzerland
- Fives SAS – Paris, France
- SSI SCHAEFER Group – Neunkirchen, Germany
- Swisslog Holding AG – Buchs, Switzerland
- TGW Logistics Group GmbH – Wels, Austria
- Vanderlande Industries BV – Veghel, Netherlands
Disclaimer: The companies listed above are not ranked in any particular order.
Other companies analyzed during the course of research:
- Dorner Mfg. Corp.
- FlexLink (a Coesia company)
- Hytrol Conveyor Company, Inc.
- mk Technology Group
- LEWCO, Inc.
- Wynright Corporation (a Daifuku company)
- FMH Conveyors
- Ashworth Bros., Inc.
- Chantland-MHS
- Vecoplan, LLC
- DynaCon (Dynamic Conveyor Corporation)
- Neuhaus Neotec GmbH
- Schnaithmann Maschinenbau GmbH
- Eaglestone Equipment
- Bunting Magnetics Co.
- Kalitta Air
Conveyor System Market News and Recent Developments
Liebherr is constructing a new logistics center in Tupelo, Mississippi –
SSI SCHAEFER is responsible for delivering the intralogistics solution. As a system integrator, SSI SCHAEFER provides a fully automated intralogistics solution featuring high-bay and shuttle warehouses, conveyor systems, and SAP Extended Warehouse Management for highly efficient and transparent warehouse operationsCoop and SSI SCHAEFER Strengthening Partnership With Extensive WAMAS Upgrade.
The cooperation between the Swiss Coop Group, an international production and retail business, and SSI SCHAEFER, one of the world's leading providers of holistic intralogistics solutions, is moving to the next level: By ordering the extensive release upgrade of the WAMAS intralogistics software, the Coop Group is putting its faith in a homogeneous, future-proof software landscape in its intralogistics operations.
Conveyor System Market Report Coverage and Deliverables
The "Conveyor System Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:
- Conveyor System Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Conveyor System Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Conveyor System Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Conveyor System Market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
System Type, Belt Type, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is primarily driven by:
1. Growth of E-Commerce and Warehousing:
The accelerated expansion of e-commerce has become a pivotal force driving the global conveyor system industry. With the rising penetration of digital technologies and shifting consumer dynamics, the substantial uptick in online retail activity is prompting enterprises to upgrade their logistics infrastructure, focusing on enhanced capacity, speed, and operational efficiency.
2. Surging Demand in Food & Beverage and Pharmaceuticals:
The rapid growth of the food & beverage and pharmaceutical sectors is significantly fueling the demand for automated conveyor systems. As these industries scale their operations to meet rising global consumption, the need for streamlined, sanitary, and high-throughput material handling solutions has become increasingly critical.
As of 2025:
1. Asia Pacific: Asia Pacific is experiencing rapid growth in the conveyor system market, propelled by accelerated industrialization, booming e-commerce, and expanding infrastructure across developed and emerging economies.
2. North America: The North American conveyor system market expansion is driven primarily by the growing emphasis on automation and operational efficiency across industries such as automotive, e-commerce, food and beverage, and pharmaceuticals.
3. Europe: In Europe, the conveyor system market is largely influenced by regulatory pressures, strong industrial automation uptake, and an ongoing shift toward sustainable and digitized operations.
Major players include Daifuku Co., Ltd., KION Group AG, Honeywell International Inc., Interroll Holding AG, and Fives Group (Fives SAS).
Automatic conveyor systems move products or materials without human help. These systems are controlled by software, sensors, and motors, making them fast, efficient, and accurate.
As of 2024, the global Conveyor System market is valued at approximately USD 6.47 billion. It is projected to reach USD 9.40 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.7% during the forecast period from 2025 to 2031.
Challenges include:
1. High Initial Investment and Integration Costs: One of the key restraints limiting the widespread adoption of Conveyor System—particularly among small and mid-sized enterprises—is the high initial investment and complexity of integration.
Key industries utilizing Conveyor System include:
1. Food and Beverage: The food and beverage industry uses conveyor systems to move products through processing, packaging, and distribution stages.
2. Automotive: The automotive industry is one of the largest users of conveyor systems. These systems are used throughout manufacturing plants to transport car parts, engines, and entire vehicles during assembly.
3. Airports: Conveyor systems are crucial in airport operations, especially baggage handling.
4. Logistics: The logistics industry uses conveyor systems extensively in warehouses, distribution centers, and sorting facilities to move goods quickly and efficiently.
5. Metals and Mining: Conveyor systems transport raw materials such as ores, coal, and minerals in the metals and mining industry.
6. Others: This category includes industries such as pharmaceuticals, retail, agriculture, and electronics. Each of these sectors uses conveyor systems tailored to specific needs, such as moving delicate items, handling chemicals, or organizing small parts.
The List of Companies - Conveyor System Market
- Daifuku Co Ltd
- Kion Group AG
- Metso Outotec Corp
- Honeywell International Inc
- Interroll Holding GmbH
- Fives SAS
- SSI SCHAEFER Group
- Swisslog Holding AG
- TGW Logistics Group GmbH
- Vanderlande Industries BV
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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