Conveyor System Market

The conveyor system market size is projected to grow from USD 10.4 Billion in 2024 to USD 14.8 Billion by 2030, at a CAGR of 6.0%. Factors such as safety regulations imposed by lawmakers, such as mandates regarding safety regulations for mining conveyor systems, increased focus on automation and productivity, technological advancement in AI and IoT,  and others are expected to increase the demand for conveyor system.

The conveyor system market is dominated by global players such as Siemens AG (Germany), Continental AG (Germany), Daifuku Co., Ltd. (Japan), Fives Group (Paris), and Taikisha Ltd (Japan). These companies adopted new product development strategies, expansion, partnerships & collaborations, and mergers & acquisitions to gain traction in the market.

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Siemens AG

Siemens AG is a leading provider in the conveyor system market, renowned for its advanced automation and control solutions. Specializing in industries like automotive, logistics, and manufacturing, Siemens integrates cutting-edge technologies such as IoT and AI to enhance efficiency and reliability. Siemens offers modular and scalable conveyor solutions tailored to meet specific customer requirements. Whether adapting to different production volumes, handling specialized materials, or integrating with existing systems, Siemens provides flexible solutions to optimize workflow and productivity. Their systems are designed for sustainability, offering energy-efficient solutions that optimize operations while minimizing environmental impact. With a global presence and robust support network, Siemens ensures seamless implementation and maintenance, driving innovation and shaping the future of industrial automation worldwide. In March 2024, Siemens AG (Germany) acquired the industrial drive technology business of ebm-papst (Germany) to strengthen its position in the industrial automation market. The acquisition includes a range of drive systems and components that complement Siemens’ existing portfolio, particularly enhancing its offerings in the field of efficient and innovative conveyor system solutions.

Continental AG

Continental AG, a renowned German automotive supplier, has established a formidable presence in the conveyor system market through its innovative engineering and advanced technologies. With a rich history spanning over a century, Continental AG has leveraged its expertise in rubber and plastics technology to offer high-performance conveyor belts that cater to diverse industrial needs. Their solutions emphasize efficiency, durability, and sustainability, meeting the rigorous demands of various sectors, including mining, manufacturing, and logistics. Continuously pushing boundaries in material sciences and digitalization, Continental AG remains a trusted partner in enhancing operational efficiencies and driving technological advancements in the global conveyor system industry. For instance, in June 2024, Continental acquired Advanced Imaging Technologies (PTY) Ltd., expanding its services to the conveyor belt industry. This acquisition will enhance Continental’s capabilities in providing advanced technology and solutions for conveyor belt systems.

Daifuku Co., Ltd.

Daifuku Co., Ltd. is a prominent player in the conveyor system market, renowned for its innovative solutions and global presence. Specializing in material handling, Daifuku offers a diverse range of conveyor systems tailored to various industries, including automotive, logistics, and manufacturing. Their solutions encompass everything from simple roller conveyors to complex automated systems integrated with robotics and AI technologies. Daifuku’s commitment to efficiency, reliability, and sustainability has positioned it as a leader in enhancing operational productivity and streamlining supply chains worldwide. With a focus on continuous technological advancement and customer-centric solutions, Daifuku continues to shape the future of conveyor systems across diverse industrial landscapes.

Fives Group

Fives commands a leading position in the conveyor system market, distinguished by its pioneering technologies and deep-rooted industry expertise. With a rich heritage spanning a century, Fives has consistently set benchmarks in conveyor technology, delivering bespoke solutions tailored to diverse sectors such as logistics, automotive, and aerospace. Their commitment to efficiency, reliability, and sustainability is evident in a comprehensive product lineup designed to streamline operations, cut costs, and boost productivity across global industries. Supported by a dedicated team of engineers and a robust emphasis on innovation, Fives remains the partner of choice for enterprises seeking advanced conveyor solutions that meet the evolving challenges of modern manufacturing and logistics landscapes. For instance, in November 2023, Fives collaborated with SCHENKER (France) to mechanize their new logistics platform, integrating advanced automation and robotics solutions. This partnership aimed to streamline operations, enhance efficiency, and optimize storage and retrieval processes.

Taikisha Ltd

Taikisha Ltd, a prominent player in the conveyor system market, distinguishes itself with a robust portfolio of innovative solutions tailored for various industrial applications. With a global presence spanning over a century, Taikisha has established a reputation for engineering excellence and reliability in manufacturing conveyor systems. The company’s offerings are known for their efficiency, durability, and advanced automation capabilities, catering to diverse sectors, including automotive, electronics, and logistics. Taikisha’s commitment to continuous research and development ensures that its conveyor systems remain at the forefront of technological advancement, meeting the evolving needs of modern industries worldwide.

Other major players in the conveyor system market include Honeywell (US), Interroll Holding (Switzerland), Metso (Finland), Murata Machinery (Japan), Durr Group (Germany), and Bosch Rexroth AG (Germany).

Related Reports:

Conveyor System Market By Industry (Retail & Distribution, Food & Beverage, Automotive, Electronic, Mining, & Airport), Type (Belt, Roller, Overhead, Floor, Pallet, Crescent, Cable, Bucket) Component, Operation & Region - Global Forecast to 2030

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