Warehouse Conveying Equipment Market To Reach $20.00 Billion By 2030

Warehouse Conveying Equipment Market Growth & Trends

The global warehouse conveying equipment market size is anticipated to reach USD 20.00 billion by 2030 and is projected to grow at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is currently experiencing significant growth, driven by the exponential rise in e-commerce, advancements in automation technology, and the increased focus on operational efficiency and productivity within the logistics and manufacturing sectors.

As companies strive to meet the demands of faster delivery times and manage a diverse range of products, automated conveying systems have become essential for optimizing material handling processes. Innovations such as AI-powered sortation systems, IoT-enabled conveyor belts, and robotics are setting new standards for speed, accuracy, and flexibility in warehouse operations. Moreover, the push towards sustainability is encouraging the development of energy-efficient conveying solutions that minimize carbon footprints. With the ongoing digital transformation and the integration of smart technologies, the market is poised for further evolution, catering to the needs of modern, scalable, and environmentally conscious supply chains.

According to CBRE, the U.S. e-commerce market is projected to reach a staggering 26% of all retail sales by 2025, prompting a significant demand for an additional 330 million square feet of warehousing and distribution space. This expansion is driven by the exponential growth in online shopping, which saw an unprecedented surge in warehouse construction activity in the first quarter of 2022, with a groundbreaking 546.1 million square feet of new warehousing and distribution space being developed. This record-setting level of construction underlines the urgent need to accommodate the booming e-commerce industry's warehousing requirements. Furthermore, JLL's projections indicate that an additional USD 1 billion in sales by 2025 would necessitate over 1 billion square feet of industrial real estate, highlighting the critical importance of expanding and optimizing logistics infrastructure.

This burgeoning demand for warehousing and distribution space directly influences the market, as these facilities rely heavily on sophisticated conveying systems to enhance operational efficiency and manage the high volume of goods being processed. The anticipated expansion in warehouse space is expected to drive significant growth in the demand for advanced conveying solutions, including automated conveyor belts, sortation systems, and robotics, tailored to streamline material handling processes in line with the scaling of e-commerce operations. As warehouses and distribution centers become increasingly automated to keep pace with the rapid growth of online shopping, the market is poised for substantial growth, catering to the need for speed, accuracy, and efficiency in e-commerce logistics.

In May 2024, Kenco, a leading third-party logistics (3PL) provider, announced the implementation of AutoStore, a leading automated storage and retrieval system (ASRS) solution, at the company’s Jeffersonville, Ind., distribution center.Once complete, the AutoStore system will include 49,000 bins, 130 grid robots, 10 picking ports, and four replenishment ports. Kenco estimates that 15 million units will travel through the system per year.

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Warehouse Conveying Equipment Market Report Highlights

• Based on type, the belt segment is on a significant upswing, primarily fueled by the exponential growth in e-commerce and the resulting expansion of warehouses and distribution centers worldwide

• The unit handling segment is integral to the efficient movement and management of discrete items in various industries, including manufacturing, warehousing, and distribution centers. These systems are designed to transport goods in units-such as boxes, cartons, or totes-safely and efficiently from one point to another within a facility. By automating the transport of goods, unit-handling conveyors reduce the need for manual labor, minimize the risk of injury, and improve overall operational efficiency

• Based on application, the sorting segment is a critical component in modern logistics and distribution centers, playing a pivotal role in streamlining operations and enhancing efficiency. Automated sorting systems integrated with conveying equipment are designed to accurately and rapidly sort a vast array of items based on size, shape, weight, or barcode information, directing them to the appropriate destinations for packing, shipping, or further processing. This automation significantly reduces manual handling, minimizes errors, and improves throughput, allowing faster order fulfillment and optimized workflow

• Conveying equipment in warehouses & distribution centers plays a crucial role in streamlining operations and enhancing efficiency. For example, roller conveyors facilitate the rapid movement of large volumes of goods by providing a smooth surface for easy transportation. Further, conveyors efficiently utilize vertical space to transport goods between different levels within a facility, optimizing the available floor space and improving overall workflow

• Asia Pacific region is experiencing significant growth, driven by the rapid expansion of e-commerce, increased investment in automation, and the continuous push for operational efficiencies in manufacturing and logistics sectors. Countries such as China, Japan, and India are leading this surge, with companies increasingly adopting advanced conveying systems to meet the rising consumer expectations for fast delivery and to enhance their competitive edge. This trend is further fueled by the region's growing focus on technological innovation and the adoption of smart logistics solutions to accommodate the booming online retail market and complex supply chain networks

• In April 2024, Trew, LLC entered a long-term lease for 263,000 square feet of office and manufacturing space, bringing its total to nearly 500,000 square feet in Southwest Ohio. This additional space will further accelerate Trew’s growth while creating an additional 190 full-time positions in the region. Trew delivers intelligent automated material handling solutions for retail, e-commerce, distribution, and manufacturing clients enabling operations to fulfill orders efficiently and accurately

Warehouse Conveying Equipment Market Segmentation

Grand View Research has segmented the global warehouse conveying equipment market report based on type, product, application, end use and region:

Warehouse Conveying Equipment Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Belt

• Roller

• Pallet

• Overhead

• Chain conveyors

• Others

Warehouse Conveying Equipment Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Unit handling

• Bulk handling

• Parts & attachments

Warehouse Conveying Equipment Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Sorting

• Loading & unloading

• Distribution

Warehouse Conveying Equipment End use Outlook (Revenue, USD Billion, 2018 - 2030)

• E-commerce

• Logistics

• Industrial

Warehouse Conveying Equipment Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Russia

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Thailand

  • Indonesia

  • Malaysia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

  • UAE

List of Key Players in the Warehouse Conveying Equipment Market

• 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.