**Global Conveying Equipment Market Overview: 2023–2030**
The global conveying equipment market was valued at USD 54.88 billion in 2023 and is projected to reach USD 71.57 billion by 2030. This represents a compound annual growth rate (CAGR) of 3.9% between 2024 and 2030. The market’s growth is driven by the increasing reliance on automated systems that reduce production time and boost efficiency across diverse industries.
### Key Market Trends & Insights
**Regional Highlights:**
In 2023, the Asia Pacific region accounted for an impressive 46.9% of global market revenue, with China alone representing over 35% of the region’s share. The U.S. market is propelled by its advanced technology, skilled workforce, and robust manufacturing and distribution sectors, driving demand especially in warehouse & distribution, automotive, and food & beverage industries.
**Product Segmentation:**
The belt-type conveyor segment led all types, making up 24.0% of the market in 2023. On the application side, warehouse & distribution was the leading sector, while unit-handling products dominated among equipment categories.
**Industry Applications:**
Conveying equipment plays a critical role in various industries—including mining and coal, food & beverage, automotive, airports, and ports—by enabling the continuous transport of goods in both industrial and commercial settings.
### Market Growth Drivers
– Rising automation in manufacturing for mass production and lower capital expenditure
– Expanding infrastructure investment in emerging economies
– Increasing adoption of smart, Industry 4.0-aligned conveying technologies
The trend toward automation aligns closely with new manufacturing practices, particularly in developing countries experiencing rapid infrastructure expansion.
### Opportunities in the Market
Global conveyor systems remain essential for manufacturing and distribution, with smart conveying equipment gaining momentum. The burgeoning e-commerce sector, evolving distribution channels, and food & beverage industry expansion are expected to generate new opportunities and drive further market growth.
### Market Size & Forecast
– **2023 Market Size:** USD 54.88 billion
– **2030 Forecast:** USD 71.57 billion
– **CAGR (2024-2030):** 3.9%
Asia Pacific is projected to maintain its dominance as the largest regional market throughout the forecast period, driven by industrial expansions and technological advancements.
### Competitive Landscape
The conveying equipment market remains moderately consolidated, with a few major players holding significant shares and numerous smaller firms servicing niche segments. Intense competition encourages manufacturers to adopt cost-efficient technologies and focus on continuous innovation.
Notable industry developments include:
– Launch of fully automated mixed-pallet-picking systems for food and grocery applications (April 2023)
– Strategic acquisitions such as the 2022 buyout, where a leading German company took full control of a Magdeburg-based conveyor systems supplier
### Leading Conveying Equipment Companies
– Daifuku Co., Ltd.
– BEUMER GROUP
– Fives Group
– FlexLink
– Jungheinrich AG
– Kardex
– Kion Group AG
– KUKA AG
– Murata Machinery, Ltd.
– Phoenix Conveyor Belt Systems
– Siemens
– TGW Logistics Group
– Continental AG
– Emerson Electric Co.
### Conclusion
The conveying equipment market is set for steady growth through 2030, underpinned by the expansion of automation, the rise of warehouse and distribution networks, and accelerating e-commerce activity. With Asia Pacific leading the charge and belt-type conveyors at the forefront, the industry’s trajectory points to increased innovation, customized solutions, and regional manufacturing expansion—key factors that will define competitive advantage in this evolving market.
*Order a free sample PDF of the Conveying Equipment Market Intelligence Study, published by Grand View Research.*
https://express-press-release.net/news/2025/11/06/1718879
