The Conveying Equipment Market Size was estimated at USD 52.39 billion in 2023 and is expected to arrive at USD 73.55 billion by 2032 with a growing CAGR of 3.84% over the forecast period 2024-2032. This report offers a comprehensive analysis of the Conveying Equipment Market, focusing on key operational and technological trends. It provides insights into capacity utilization rates by region, highlighting variations in equipment performance across geographies. System downtime and maintenance frequency trends are analyzed, offering a clear picture of operational efficiency. The report also tracks technology adoption rates by region, with a special emphasis on automation and smart solutions in conveying systems. Additionally, it examines export/import data and equipment replacement cycles, providing valuable benchmarks for future investment and operational planning. Emerging trends include increasing automation and the adoption of predictive maintenance technologies.
The US conveying equipment market was valued at USD 8.99 billion in 2023 and is expected to grow to USD 13.04 billion by 2032, driven by a CAGR of 4.22%. This growth is attributed to the rising demand for efficient material handling and automation solutions across various sectors in the US economy.
Drivers
The increasing shift towards automation in manufacturing drives the demand for conveying equipment to enhance material handling efficiency and operational productivity.
The shift towards increased automation in manufacturing is a significant growth driver for the conveying equipment market. With increasing adoption of smart manufacturing technologies, the demand for efficient material handling solutions that can easily move goods within production floors is growing. Automated solutions, which may include conveyor belts, sorters, and robotic arms, play a significant role in achieving higher operational efficiency, reducing human error, and minimizing labor expenses. Automated conveyors that can carry a high amount of products and materials, will increase speed, accuracy and minimize manual workforce. This is especially true in high-throughput, fast-fulfillment sectors such as automotive, food processing, and e-commerce. In addition, the combination of cutting-edge technologies such as IoT, AI, and machine learning with conveyors is changing the dynamics of conveyors to make them smarter, energy-efficient, and self-predictive in maintenance. The burgeoning automation trend will drive further growth in the conveying equipment market
Restraint
The high initial investment for advanced conveying systems can deter small to medium-sized enterprises (SMEs) due to limited financial resources.
The high initial investment required for advanced conveying systems is a significant barrier, particularly for small to medium-sized enterprises (SMEs). These are systems which generally require substantial up-front capital investment on equipment, installation, and infrastructure upgrades. Due to the high upfront cost of the new technology, this can be prohibitive for many SMEs with limited budgets, since they often do not have to money to invest in them. Another factor contributing to cost is the requirement of labor that is specifically trained for the robotics used, and the topology of the organization itself, because in multiple cases systems need to be adjusted to fit the operators working there. The long-term gains in efficiency, lower labor costs, and higher productivity may be unmistakable, but many SMEs may find it hard to justify or afford the initial investment. As a result, such firms are likely to utilize manual handling techniques or older system, which will lead to poorer net operational efficiency. Smaller companies tend to lag in modern automation and conveying solutions due to this financial strain.
Opportunities
The rise of automated warehouses for inventory and order management is driving demand for advanced robotic and automated conveyor systems.
Warehouse automation is revolutionizing inventory management and order fulfillment by streamlining operations and reducing reliance on manual labor. As automated warehouses are becoming the new normal, the need for advanced conveying systems is also growing and robotic and automated conveyors are specifically used to improve efficiency, accuracy, and speed. Such systems are capable of transporting goods in a largely autonomous fashion, providing higher throughput and more efficient use of space. Different automated conveyors can perform various functions, including sorting, transporting, and packing, which help cutting running costs and improving order accuracy. They also provide an opportunity for real-time tracking and data analysis which can further enhance warehouse efficiency. Due to the fast-growing e-commerce sector and the rise in businesses looking for better operational efficiency, automated conveyors are necessary to handle this increasing demand. The latter has created high-growth opportunities for conveying solutions which offer different solutions that encompass automation wave in logistics and warehousing.
Challenges
Technological obsolescence occurs when rapid innovations make existing conveyor systems outdated, requiring costly upgrades to maintain efficiency and competitiveness.
Technological obsolescence in the conveying equipment market is a significant challenge due to the fast-paced advancements in automation, AI, and robotics. With the transition of the industries, newer and more efficient conveyor systems will come into play with a better functional capability, energy savings, and may have better integration with other automoters. Older systems in particular may find it hard to keep pace with these innovations, reducing efficiency and increasing maintenance costs, and even forcing enterprises to halt operations. Large-scale conveyor systems saddle companies with an additional cost of either having to upgrade their equipment to stay competitive or paying the cost of inefficiency due to outdated technology. These improvements can come at a high price, including purchasing hardware, installation, training, and fitting with current infrastructure. Since operational efficiency is the name of the game, companies must continually spend time and resources on modernization to keep up with competitors who have adopted new and improved systems that make the older technology fade away.
By Type
The belt segment dominated with a market share of over 32% in 2023. This dominance is due to its wide use in several industries like mining, food and beverage, logistics and manufacturing, where the continuous and efficient movement of material is an essential requirement. Belt conveyors are a common, economical, and flexible solution for conveying light and heavy materials over long distances with low power consumption. This design combined with maintenance-free operation makes them even more attractive as a solution for high gallonage operations. With the ongoing automation and optimization of production processes, reliable and scalable conveying systems like belt conveyors will always remain in steady demand, further solidifying their market-leader position.
By Product
The Unit Handling segment dominated with a market share of over 52% in 2023, due to its extensive use across industries such as manufacturing, automotive, food and beverage, and retail. Those sectors depend on shipping smaller and standardized goods, therefore it is vital to implement efficient, automated solutions. With production processes clarifying and request for precision handling increasing, Unit Handling equipment provides reliable solutions for moving products in a specified, orderly manner. The efficiencies of this segment have been augmented by advances in robotics and automation, which allow industries to optimize throughput while decreasing their labor costs. As a result, Unit Handling is an important component of the overall material handling system making it the leader in the market segment.
By Application
The Warehouse & Distribution segment dominated with a market share of over 28% in 2023, due to the growing need for automation in logistics and distribution centers. The rise of e-commerce, along with the demand for faster and more efficient delivery systems, has significantly increased the adoption of conveying equipment in this sector. As warehouses look to streamline operations and improve productivity, conveying systems have become essential for handling large volumes of goods. On the other hand, the Food & Beverage sector is the fastest growing application. The increasing demand for packaged and processed foods, along with the need for hygienic, efficient material handling solutions, is driving market growth in this segment. Automation in food processing and packaging is pushing the adoption of advanced conveying technologies, making this sector a key growth driver.
The Asia-Pacific region dominated with a market share of over 46% in 2023, due to its robust industrial manufacturing base, significant investments in automation, and the presence of key industry players. The major economies-driving conveyor demand-related applications in such various sectors include China, Japan, and India. The advanced conveying solutions for production processes, efficiency enhancement, and supporting developing supply chain requirements are needed by these countries' automotive, food and beverage, and logistics industries. Moreover, rapid industrialization in the region, growing infrastructure, and the incorporation of modern technologies enhance the need for having automated conveying systems. These all factors make Asia-Pacific the center of the global conveyor equipment market.
North America is the fastest-growing region due to significant technological advancements in automation. There is burgeoning demand for the automated solution from such industries as e-commerce, food processing, and pharmaceuticals, to streamline operations and optimize supply chains. The growth impetus is further due to efforts towards implementing Industry 4.0 technologies such as the Internet of Things (IoT) and artificial intelligence at production facilities for enhancing efficiency and profiting through cost reduction. Further, huge investments in building infrastructure and logistics facilities fuel greater demand for state-of-the-art conveying equipment to address the ever-evolving needs of industries. These factors, therefore, contribute to North America's rapid growth in this market and further its development as a leader in implementing cutting-edge solutions for material handling and transportation across various sectors.
Daifuku Co., Ltd. (Automated conveyor systems, baggage handling systems)
BEUMER GROUP (Overland conveyors, palletizing systems, sortation systems)
Fives Group (Belt conveyors, sortation systems, robotic handling equipment)
FlexLink (Modular plastic chain conveyors, aluminum conveyors)
Jungheinrich AG (Automated guided vehicles, pallet conveyors)
Kardex (Vertical lift systems, conveyor-based storage and retrieval systems)
Kion Group AG (Automated warehouse conveyors, material handling systems)
KUKA AG (Robotic palletizing systems, automated conveyor integration)
Murata Machinery, Ltd. (Automated storage and retrieval systems, conveyors)
Phoenix Conveyor Belt Systems (Steel cord and textile conveyor belts)
Siemens (Drive systems, motors and automation for conveyors)
TGW Logistics Group (Conveyor modules, sorters, pallet handling systems)
Continental AG (Rubber conveyor belts, belt monitoring systems)
Emerson Electric Co. (Motion controls, automation solutions for conveyors)
Honeywell Intelligrated (Sortation conveyors, parcel conveyors)
Interroll Group (Roller conveyors, drum motors, sorters)
Schneider Electric (Automation controllers, motor control for conveyors)
SSI SCHÄFER (Conveyor technology, material handling systems)
Vanderlande Industries (Baggage handling systems, conveyor-based sortation)
Bastian Solutions (Conveyor systems integration, robotic conveyors)
Suppliers for (material handling systems, especially for automotive, electronics, and airport logistics) Conveying Equipment Market
Daifuku Co., Ltd.
Fives Group
Interroll Group
Kardex Group
KUKA AG
Siemens AG
Murata Machinery, Ltd.
Taikisha Ltd.
Dematic (a member of the KION Group)
BEUMER Group
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 52.39 Billion |
| Market Size by 2032 | USD 73.55 Billion |
| CAGR | CAGR of 3.84% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Belt, Roller, Pallet, Overhead, Chain Conveyors, Others) • By Product (Unit Handling, Bulk Handling, Parts & Attachments) • By Application (Food & Beverage, Warehouse & Distribution, Automotive, Airport, Mining, Electronics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | 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., Honeywell Intelligrated, Interroll Group, Schneider Electric, SSI SCHÄFER, Vanderlande Industries, Bastian Solutions. |
Ans: The Conveying Equipment Market is expected to grow at a CAGR of 3.84% from 2024-2032.
Ans: The Conveying Equipment Market was USD 52.39 billion in 2023 and is expected to reach USD 73.55 billion by 2032.
Ans: The increasing shift towards automation in manufacturing drives the demand for conveying equipment to enhance material handling efficiency and operational productivity.
Ans: The “belt” segment dominated the Conveying Equipment Market.
Ans: Asia-Pacific dominated the Conveying Equipment Market in 2023
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Capacity Utilization Rates, by Region (2020–2023)
5.2 System Downtime & Maintenance Frequency, by Region (2020–2023)
5.3 Technology Adoption Rates, by Region
5.2 Export/Import Data, by Region (2023)
5.3 Equipment Lifespan & Replacement Cycles (2020–2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Conveying Equipment Market Segmentation by Product
7.1 Chapter Overview
7.2 Belt
7.2.1 Belt Market Trends Analysis (2020-2032)
7.2.2 Belt Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Roller
7.3.1 Roller Market Trends Analysis (2020-2032)
7.3.2 Roller Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Pallet
7.4.1 Pallet Market Trends Analysis (2020-2032)
7.4.2 Pallet Market Size Estimates and Forecasts to 2032 (USD Billion)
7.5 Overhead
7.5.1 Overhead Market Trends Analysis (2020-2032)
7.5.2 Overhead Market Size Estimates and Forecasts to 2032 (USD Billion)
7.6 Chain Conveyors
7.6.1 Chain Conveyors Market Trends Analysis (2020-2032)
7.6.2 Chain Conveyors Market Size Estimates and Forecasts to 2032 (USD Billion)
7.7 Others
7.7.1 Others Market Trends Analysis (2020-2032)
7.7.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Conveying Equipment Market Segmentation by Type
8.1 Chapter Overview
8.2 Unit Handling
8.2.1 Unit Handling Market Trend Analysis (2020-2032)
8.2.2 Unit Handling Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Bulk Handling
8.3.1 Parts & Attachments Market Trends Analysis (2020-2032)
8.3.2 Parts & Attachments Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Conveying Equipment Market Segmentation by Application
9.1 Chapter Overview
9.2 Food & Beverage
9.2.1 Food & Beverage Market Trends Analysis (2020-2032)
9.2.2 Food & Beverage Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Warehouse & Distribution
9.3.1 Warehouse & Distribution Market Trends Analysis (2020-2032)
9.3.2 Warehouse & Distribution Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Automotive
9.3.1 Automotive Market Trends Analysis (2020-2032)
9.3.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Airport
9.3.1 Airport Market Trends Analysis (2020-2032)
9.3.2 Airport Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Mining
9.3.1 Mining Market Trends Analysis (2020-2032)
9.3.2 Mining Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Electronics
9.3.1 Electronics Market Trends Analysis (2020-2032)
9.3.2 Electronics Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Others
9.3.1 Others Market Trends Analysis (2020-2032)
9.3.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.4 North America Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.5 North America Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.6.2 USA Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.6.3 USA Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.7.2 Canada Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.7.3 Canada Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.2.8.2 Mexico Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.2.8.3 Mexico Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.6.2 Poland Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.6.3 Poland Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.7.2 Romania Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.7.3 Romania Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.4 Western Europe Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.5 Western Europe Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.6.2 Germany Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.6.3 Germany Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.7.2 France Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.7.3 France Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.8.2 UK Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.8.3 UK Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.9.2 Italy Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.9.3 Italy Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.10.2 Spain Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.10.3 Spain Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.13.2 Austria Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.13.3 Austria Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.4 Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.5 Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.6.2 China Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.6.3 China Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.7.2 India Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.7.3 India Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.8.2 Japan Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.8.3 Japan Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.9.2 South Korea Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.9.3 South Korea Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.10.2 Vietnam Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.10.3 Vietnam Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.11.2 Singapore Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.11.3 Singapore Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.12.2 Australia Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.12.3 Australia Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia Pacific Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.4 Middle East Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.5 Middle East Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.6.2 UAE Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.6.3 UAE Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.4 Africa Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.5 Africa Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Conveying Equipment Market Estimates and Forecasts by Product (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Conveying Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.4 Latin America Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.5 Latin America Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.6.2 Brazil Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.6.3 Brazil Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.7.2 Argentina Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.7.3 Argentina Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.8.2 Colombia Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.8.3 Colombia Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Conveying Equipment Market Estimates and Forecasts, by Type (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Conveying Equipment Market Estimates and Forecasts, by Product (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Conveying Equipment Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Phoenix Conveyor Belt Systems
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Product/ Services Offered
11.1.4 SWOT Analysis
11.2 KUKA AG
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Product/ Services Offered
11.2.4 SWOT Analysis
11.3 Emerson Electric Co.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Product/ Services Offered
11.3.4 SWOT Analysis
11.4 Jungheinrich AG
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Product/ Services Offered
11.4.4 SWOT Analysis
11.5 Siemens
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Product/ Services Offered
11.5.4 SWOT Analysis
11.6 Kardex
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Product/ Services Offered
11.6.4 SWOT Analysis
11.7 Murata Machinery, Ltd
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Product/ Services Offered
11.7.4 SWOT Analysis
11.8 Continental AG
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Product/ Services Offered
11.8.4 SWOT Analysis
11.9 TGW Logistics Group
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Product/ Services Offered
11.9.4 SWOT Analysis
11.10 FlexLink
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Product/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
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After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
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This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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The Deep Hole Drilling Machines Market was estimated at USD 784.70 Million in 2023 and is expected to reach USD 1435.51 million by 2032, with a growing CAGR of 6.94% over the forecast period 2024-2032.
The Material Handling Equipment Market size was estimated at USD 216.77 Billion in 2023 and is expected to reach USD 353.67 Billion by 2032 at a CAGR of 5.59% during the forecast period of 2024-2032.
The Metal Stamping Market Size was valued at USD 224.77 Billion in 2023 and is expected to reach USD 318.20 Billion by 2032 and grow at a CAGR of 3.99% over the forecast period 2024-2032.
The Chillers Market Size was valued at USD 10.71 billion in 2023 and is supposed to reach USD 16.25 billion by 2032, growing CAGR of 4.74% from 2024 to 2032.
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