The conveying equipment market continues to exhibit strong momentum driven by advancements in automation and increased demand from industries such as manufacturing, logistics, and warehousing. With rising industrialization and a focus on supply chain optimization, the industry size and market dynamics reflect robust growth prospects in the coming years.
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 growth is propelled by growing market opportunities in automation and material handling, coupled with increasing Conveying Equipment Market revenue from emerging economies. The market report indicates expanding market segments across sectors like e-commerce and automotive manufacturing, which bolster overall market scope.
Market Drivers
- Automation and E-commerce Growth: One of the primary market drivers is the surge in e-commerce facilitating demand for automated conveying equipment. For instance, in 2024, the surge in online retail sales by over 18% globally accelerated the adoption of conveyor systems in warehouses, significantly contributing to the market growth. Leading manufacturing sectors focusing on operational efficiency are also enhancing market revenue with increased investments in smart conveying solutions, thereby influencing positive market trends.
PEST Analysis
- Political: In 2025, regulatory policies promoting industrial automation in countries like Germany and Japan have encouraged investments in conveying equipment, aiding market growth.
- Economic: The global economic recovery post-pandemic has boosted capital expenditure in logistics infrastructure, reflected by double-digit growth in conveying equipment demand in North America and Asia Pacific.
- Social: Increasing consumer preference for faster delivery services is impacting industry trends, driving the need for efficient conveying solutions in fulfillment centers.
- Technological: Innovations such as AI-powered conveyors and IoT-enabled material handling systems launched in 2024 are transforming the market, enhancing market growth strategies focused on sustainability and operational efficiency.
Promotion and Marketing Initiatives
- Recent marketing initiatives include BEUMER Group's 2024 digital campaign highlighting their eco-friendly conveyor systems, which increased brand visibility and boosted market revenue by 12% in Q3 2024. Such targeted promotions raise awareness regarding energy-efficient and high-capacity conveying solutions, positively influencing industry share and business growth.
Key Players
- Daifuku Co., Ltd.
- Siemens AG
- Honeywell Intelligrated
- TGW Logistics Group
- BEUMER Group
Recent strategies include:
- Daifuku’s expansion of its automated warehouse conveyor portfolio in early 2025, integrating AI-based sorting, which enhanced their market share across Asia-Pacific.
- Siemens AG launched smart conveying systems embedded with digital twin technology in 2024, leading to increased market revenue and fortified market growth strategies in industrial segments.
- Honeywell Intelligrated's partnership with a major eCommerce giant in 2025 enabled rapid deployment of conveyors in multiple fulfillment centers, capturing significant market opportunities.
- TGW Logistics Group expanded its service network in North America during 2024 to support customer growth, enhancing market company visibility and positioning.
- BEUMER Group's product launches focusing on energy efficiency and modular design in 2025 have broadened market scope and reinforced market dynamics favoring sustainability.
FAQs
1. Who are the dominant players in the Conveying Equipment Market?
Dominant market players include Daifuku Co., Ltd., Siemens AG, Honeywell Intelligrated, TGW Logistics Group, and BEUMER Group. These companies have strategically expanded product lines or formed partnerships recently, driving growth and innovation within the market.
2. What will be the size of the Conveying Equipment Market in the coming years?
The market size is projected to increase from USD 54.21 billion in 2025 to USD 71.34 billion by 2032, reflecting steady growth with a CAGR of 4.0%, underpinned by rising automation and e-commerce logistics needs.
3. Which end-user industry has the largest growth opportunity in the Conveying Equipment Market?
The e-commerce and warehousing sectors represent the largest growth opportunities due to increasing demand for automation and faster material handling, driven by evolving consumer purchasing behaviors.
4. How will market development trends evolve over the next five years?
Market trends will align with technological advancements such as AI and IoT integration, and sustainability-focused solutions, fostering more efficient and eco-friendly conveying systems adapted to dynamic industrial needs.
5. What is the nature of the competitive landscape and challenges in the Conveying Equipment Market?
The competitive landscape is characterized by innovation-centric market companies enhancing product portfolios and expanding geographically. Market challenges include adapting to rapidly changing technology demands and regulatory compliance across regions.
6. What go-to-market strategies are commonly adopted in the Conveying Equipment Market?
Key strategies involve expanding regional presence, forming strategic partnerships with industry leaders, and launching technologically advanced product lines centered on automation and smart capabilities to boost market revenue and business growth.
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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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