The conveying equipment industry continues to exhibit robust growth driven by expanding logistics, manufacturing, and e-commerce sectors worldwide. Innovations in automation and advanced material handling technologies are shaping the industry's development, enabling enhanced operational efficiency and scalability. The evolving market dynamics underscore significant opportunities across various sub-segments, fueling business growth and strategic investments.
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 market forecast is based on extensive market research encompassing diverse industrial verticals that deploy conveying solutions. Increasing Conveying Equipment Market demand for streamlined supply chains and automation integration serve as market drivers, bolstering market revenue and overall industry size within the forecast period.
Market Segments
The conveying equipment market is primarily segmented by type, end-user industry, and application:
- By Type: Belt Conveyors, Roller Conveyors, Chain Conveyors, and Others. Belt conveyors dominate market trends due to their versatility and efficiency, registering the fastest growth at 5.2% CAGR, aligned with cases in 2024 showcasing their adoption in warehouse automation.
- By End User: Manufacturing, Logistics & Warehousing, Food & Beverage, and Mining. The logistics and warehousing segment led market revenue in 2024, driven by e-commerce demand surges.
- By Application: Material Handling, Packaging, Sorting, and Assembly Lines. Material handling applications represent the largest segment by business growth volume, with recent industry deployments emphasizing automated sorting integrated with smart conveyor systems.
Market Drivers
A key market driver is the rapid digitalization in supply chain management, supported by government initiatives promoting Industry 4.0 adoption. In 2024, over 60% of new conveyor installations globally incorporated IoT-enabled controls and predictive maintenance modules, reflecting a strategic shift towards smart conveying solutions. This advancement addresses market challenges related to downtime and operational inefficiency, boosting the conveying equipment market size with enhanced ROI for end users.
Segment Analysis: Conveying Equipment by Type
The belt conveyor segment has consistently outperformed others, generating the highest market revenue in 2024 with widespread acceptance in automotive and food & beverage industries. Meanwhile, chain conveyors are the fastest-growing sub-segment at approximately 5.5% CAGR due to their robustness for heavy-duty transport, as evidenced by large-scale mining operations in North America adapting these systems to improve throughput efficiency. These insights emphasize targeted market opportunities within the product type segment, contributing to strong industry trends.
Consumer Behaviour Insights
Recent consumer behaviour exhibits an increased preference for customized conveying solutions tailored to specific industrial needs, with 48% of surveyed logistics firms in 2025 opting for modular conveyor designs for scalability. Pricing sensitivity remains influential; however, buyers prioritize long-term business growth enabled by durable and energy-efficient conveyors. Sustainability preferences have also intensified, with many end users favoring equipment with reduced carbon footprints, reflected by a 2024 trend report showing a 30% rise in demand for conveyors utilizing eco-friendly materials and energy-saving technologies.
Key Players
Notable market players contributing to market dynamics include Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group, among others.
In 2024, Siemens AG expanded its regional presence in Asia-Pacific through significant capacity augmentation, enhancing its market revenue. Similarly, Honeywell Intelligrated launched new IoT-integrated conveyor systems that gained rapid adoption across North America. These market companies play a vital role in shaping equipment innovation and overall industry trends.
Key Winning Strategies Adopted by Market Players
Among impactful strategies, Daifuku Co., Ltd. implemented advanced AI-powered predictive maintenance in 2025, reducing downtime by 27% in pilot projects and setting a new benchmark in operational excellence.
Siemens AG accelerated digital twin technology integration the same year, improving system design efficiency and reducing installation time by 15%. Lastly, BEUMER Group’s focus on circular economy principles through conveyor system refurbishments in 2024 cultivated long-term client retention, exemplifying market growth strategies that go beyond conventional product launches.
FAQs
Q1: 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, recognized for their technological innovations and strategic expansions throughout 2024 and 2025.
Q2: What will be the size of the conveying equipment market in the coming years?
The conveying equipment market size is projected to reach USD 71.34 billion by 2032, growing at a CAGR of 4.0% from 2025 to 2032, driven by automation and supply chain modernization.
Q3: Which end-user industry offers the largest growth opportunity?
Logistics and warehousing present the largest growth opportunity, bolstered by e-commerce and rapid adoption of automated material handling solutions reported consistently in 2024 and 2025.
Q4: How will market development trends evolve over the next five years?
Market trends indicate a strong shift towards IoT-enabled smart conveying systems, sustainability-focused materials, and modular conveyor designs, enabling scalability and reducing environmental impact.
Q5: What is the nature of the competitive landscape and challenges in the conveying equipment market?
The competitive landscape features rapid technology adoption and capacity expansions, while challenges include integration complexity and meeting diverse customization demands across industries.
Q6: What go-to-market strategies are commonly adopted in the conveying equipment market?
Market players frequently utilize capacity expansion, digital technology integration, and sustainability-focused refurbishments as growth strategies to capture market opportunities and address evolving buyer preferences.
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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 )
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