Conveying Equipment Market Size - By Product (Bulk Handling Equipment, Unit Handling Equipment, Parts & Attachments), By Application (Durable Manufacturing, Food & Beverage, General Merchandise, Transportation, Warehouse & Distribution) & Forecast, 2023 -

Conveying Equipment Market Size - By Product (Bulk Handling Equipment, Unit Handling Equipment, Parts & Attachments), By Application (Durable Manufacturing, Food & Beverage, General Merchandise, Transportation, Warehouse & Distribution) & Forecast, 2023 - 2032

The global conveying equipment market will reflect over 3.5% CAGR from 2023 to 2032.

Automation and Industry 4.0 trends will propel the demand for conveyor systems across manufacturing, e-commerce, and logistics sectors, leading to enhanced operational efficiency. The need for reducing manual labor, improving safety, and enhancing product quality will drive market expansion.

The rising e-commerce activities require efficient material handling and sorting, boosting the adoption of conveyor systems. According to statistics from Oberlo, ecommerce sales are predicted to represent 20.8% of global retail sales in 2023. Also, increasing trade across the globe will drive the need for advanced conveying solutions for transportation and distribution. Additionally, rising environmental concerns are promoting the adoption of eco-friendly conveying equipment which will further boost industry expansion.

The global conveying equipment market is categorized based on product, application, and region.

Based on product, the unit handling equipment segment of conveying equipment market will exhibit a noteworthy CAGR through 2032. An increase in e-commerce activities and demand for efficient material handling in warehouses & distribution centers will drive growth in this segment. The need for automation to improve operational efficiency, and the growing focus on worker safety will propel the adoption of unit-handling conveyor systems.

The conveying equipment industry from the food & beverage application segment is estimated to record a substantial share by 2032. The stringent hygiene and safety standards and increasing demand for automation to meet production needs will drive growth in the segment. Rising consumer preferences for packaged foods and the need for efficient material handling to ensure product quality and consistency will further boost the growth of the segment.

The mining and construction sectors will drive growth in the conveying equipment market, fueled by the necessity for efficient material transport in large-scale projects and a growing emphasis on automation to boost productivity and ensure safety.

Regionally, North America will account for a sizeable share of the conveying equipment market during the analysis period. The adoption of robust industrial automation technologies and a thriving e-commerce industry will propel the regional market. Moreover, increasing demand for efficient logistics in a vast geographical area, focus on workplace safety, along with the need to modernize aging infrastructure will drive market expansion in the region.