The Conveyors and Belt Loaders Market are expected to be worth US$ 18 billion by the end of 2033. In manufacturing sector, the need of industrial automation increases which is due to growing need for efficiently handling large volume of material. In material handling processes, the conveyor and belt loaders plays a vital role in each and every industrial steps. Industrial automation, modernization, industrial growth, product and process specific condition are the key factors which is driving the Conveyors and Belt Loaders Market.
Businesses in the commercial and civil sectors are rapidly increasing and the use of conveyors in locations like airports, retail malls, stadiums, and restaurants. The conveyors are quite common in the manufacturing and packaging industries as well as production facilities. The systems excel at enabling businesses to fulfil consumer demand and are therefore more necessary than ever in a manufacturing process. Line shaft roller conveyors, chain conveyors, conveyor and belt loaders, and other types of conveyors are frequently used in various end use sectors.
According to FMI, the Conveyors and Belt Loaders Market is expected to be valued at US$ 9.9 billion in 2023 and to grow at a CAGR of 6.1% from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Size (2022) | US$ 9.4 Billion |
| Market Size 2023 | US$ 9.9 Billion |
| Market Size 2033 | US$ 18.0 Billion |
| Value CAGR (2023 to 2033) | 6.1% |
The Conveyors and Belt Loaders Market are anticipated to grow significantly over the forecast period owing to the rise in demand from automotive, mining, agriculture, manufacturing, warehouse, logistics and packaging industries.
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The Conveyors and Belt Loaders Market has witnessed a historic growth rate of 2.3% from 2018 to 2022.
Since the past two decades, urban population has grown by significantly. The growing urban population has been driving demand for electronics, e-commerce growth, energy, and the construction of new projects, which in turn create substantial demand for Conveyors and Belt Loaders. In the upcoming years, the global upswing in economic activity is projected to rise significantly. Growth of the manufacturing sector, automotive and auto-parts production, airports, construction, and mining across the world reflect increased global growth momentum, and the market expects a considerable impact on the industrial conveyor and belt loaders market.
Globally, in all end-use industries, industrial automation is growing at a very healthy rate. Consumers are being pressured to embrace industrial automation technologies to increase their productivity as they become more conscious of how well they work. Production, in-line operations, and the quality of the products can all be significantly improved with the significant use of industrial automation and solutions, such as conveyor systems. The use of conveyors and belt loaders enables the end users to improve production as well as packaging rate and quality by incorporating innovative and integrated technologies, thereby reducing costs associated with the production process. Further, using devices such as programmable logic controllers, industrial personal computers, and programmable automation controllers with any material handling equipment helps industries streamline automatic processes without or with a minimum of human interface. The production processes of all end-use industries are inclined towards the six-sigma standards; hence, key market participants are striving to bring these automation closer to the global standards through advancement in their automation skills, due to the pressing need for improved productivity, quality, and operational excellence. Thus, the favourable macro-economic factors and growing industrial automation industry are estimated to boost market growth by 6.1% between the forecast periods of 2023 and 2033.
Advancements in technology have led the end-use industries to include automation. Use of automatic conveyors and belt loaders to test applications resulted in reduced ergonomic issues created by humans performing repetitive jobs. In several end-use industries, end users often work with large, heavy parts, which can be easily handled by this product.
For instance, the electronic industry demands more precision, flexibility, and speed. Assembly applications in this industry, when carried out with conveyors, can save on operations costs, increase throughput, and offer maximum accuracy. Conveyor Conveyors and Belt Loaders serve food and agriculture, plastics and polymers, pharmaceuticals and chemistry, furniture and equipment, as well as the science and research fields. Advancements in technology and trending automation in these industries are pivotal factors for the growth of the material handling equipment market, which in turn drives the growth of the targeted market.
Another end-use industry contributing significantly to the growth of the market is the automotive transportation industry. Skid conveyors are being adopted and implemented by automotive OEMs, especially for assembly and painting purposes.
The rising demand for electronic devices and rising consumer inclination towards packaged food and beverage products are influencing manufacturers of the aforementioned products to increase production efficiency by adopting automation at manufacturing plants. In production plants with automated assembly lines, a standard conveyor system is much more efficient at transporting goods along the production line than manually transporting goods to each station.
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The demand for warehouses equipped with material handling equipment is growing with the explosive growth of the e-commerce industry. The e-commerce industry has recently experienced an unparalleled growth in revenue generation as it has evolved from being merely an alternative to a necessity. Apart from the quality of the goods, fast delivery is another crucial factor in the e-commerce industry. Thus, efficient logistic service is a prerequisite. Material handling systems, such as conveyors and belt loaders, offer unparalleled performance and power. Such systems are becoming prevalent in warehouses and distribution centres for package handling as they don’t compromise the quality of the goods, reduce throughput time, and increase productivity. Almost all warehouses and distribution centres are expected to purchase conveyors and belt loaders in order to compete and improve their delivery speed in order to fulfil online orders as soon as possible.
Growing end-use sector applications, particularly in automotive and packaging, have generated a sizable need for conveyor systems that are specifically designed for each industry, which will open the door for the market to experience futuristic growth.
As compared to other areas, the East Asia and South Asia and Pacific conveyors and belt loaders market is anticipated to grow quickly, with China and India playing a significant role in this growth. According to estimates, China alone makes up more than 10% of the worldwide share. The need for conveyors and belt loaders worldwide is also largely driven by India. Similar to that, ASEAN nations also contribute significantly to the global market. The supply chain, which runs from the procurement of raw materials to manufacturing and distribution, includes conveyors and belt loaders. The rapid GDP growth of Asian nations is a sign of expanding output and an increase in the number of firms needing conveyor systems. Many European and North American makers of conveyors and belt loaders have noticed this possibility, and as a result, they are focusing on the region through various growth initiatives, such as mergers with significant regional companies or the acquisition of smaller players.
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Due to an increase in vehicle production and the growing acceptance of electric vehicles in several countries, the automotive and transportation industries will have the significant growth rates in terms of application. Due of their great load-carrying capacity and ability to increase plant efficiency and production rate, overhead conveyors are preferred by automobile factories.
Due to the expanding e-commerce sector, rapid globalisation, and rise in international import and export activities, packaging and warehousing are also gaining popularity. Sales of advanced conveyors and belt loaders will be driven by the growing demand for speedy retrieval and optimal warehouse space use in the future.
Global Conveyors and Belt Loaders market is mostly fragmented with numerous number of small and medium sized manufacturers due to moderate manufacturing costs and high demand. Key market participants of conveyors and belt loaders, includes Swisslog AG, Dematic Group, Intelligrated Inc., Daifuku Co., Ltd, Fives Group are among others. Key market Participants are entering into collaboration with multiple end users to install their Conveyors and Belt Loaders and gain decisive advantage in this competitive domain.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.1% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, Region |
| Regions Covered | North America; Latin America; East Asia; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan & Baltic Countries; South Asia & Pacific; Middle East and Africa |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Argentina, Germany, Italy, France, United kingdom, Spain, BENELUX, Poland, Hungary, Romania, Czech Republic, China, Japan, South Korea, India, ASEAN, ANZ, KSA, UAE, Türkiye, South Africa, Northern Africa, Israel |
| Key Companies Profiled | Swisslog AG; Dematic Group; Intelligrated Inc.; Daifuku Co., Ltd; Fives Group; Interroll Holding Ag; Ssi Schaefer; Vanderlande Industries; Taikisha Ltd.; Siemen Ag; Emerson Electric Co.; Tgw Logistics Group GmbH |
| Customization & Pricing | Available upon Request |
In 2022, the value of the Conveyors and Belt Loaders Market reached over US$ 9.4 Billion
The Conveyors and Belt Loaders Market is projected to reach US$ 18.0 Billion by the end of 2033.
Asia Pacific region is projected to lead the Conveyors and Belt Loaders Market in the forecast period.
During the forecast period, the Conveyors and Belt Loaders Market is estimated to expand at a CAGR of 6.1 % during 2023 to 2033
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Conveyors And Belt Loaders Market
