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The Europe conveyor systems market size is forecast to increase by USD 660.9 million, at a CAGR of 4.4% between 2023 and 2028. Conveyor systems have become a crucial component in various industries, including manufacturing, mining, and warehouses, to streamline processes and increase productivity. The market for conveyor systems is witnessing significant growth due to several factors. The mining sector's increasing demand for efficient material handling solutions is driving the market's expansion. Furthermore, mergers and acquisitions in the industry are leading to advancements in technology and innovation. However, safety concerns, such as the rising number of injuries and accidents related to conveyor belts, pose a challenge to market growth. Moreover, the e-commerce industry's rise, with its emphasis on same-day delivery and value-adding processes, is fueling the need for conveyor systems in warehouses. Online purchases have led to an increase in parcel handling, making conveyor systems an essential investment for businesses to optimize their operations. Advanced devices, such as load systems and safety components, are being integrated into conveyor systems to enhance their functionality and reduce utility bills. Repetitive strain injuries and worker safety are also significant concerns, leading to the integration of ergonomic designs and safety features into conveyor systems.
The market is witnessing significant growth due to the increasing demand for efficient manufacturing processes and logistics automation. These systems play a vital role in the handling and transportation of bulk materials in various industries, including commercial facilities and manufacturing operations. Automated platforms, such as conveyor systems, are essential for just-in-time (JIT) inventory management and production line optimization. By reducing labor costs and minimizing non-value-adding processes, these systems contribute to sustainable manufacturing and industrial automation. Conveyor system design is a crucial aspect of warehouse automation solutions, ensuring the smooth flow of order flow and inventory management. Predictive maintenance and smart technologies are integral to maintaining the reliability and longevity of these systems. Logistics technology trends, such as warehouse management software and logistics optimization software, are driving the adoption of conveyor systems. These technologies enable warehouse efficiency improvement, inventory management, and warehouse data analytics. Bulk material handling, including heavy material transport, is a significant application area for conveyor systems. Ergonomic design considerations and integration with industrial robotics ensure the safe and efficient movement of materials within facilities.
Conveyor belts are an essential component of these systems, facilitating the transport of goods from one stage of production or logistics to another. Warehouse safety and security are paramount, with conveyor systems contributing to improved safety through automated processes and reduced manual labor. Last mile delivery and e-commerce logistics are also benefiting from the adoption of conveyor systems. These systems enable the efficient handling and sorting of packages, reducing production time and ensuring timely delivery to customers. In conclusion, the market is experiencing growth due to the increasing need for efficient manufacturing processes, logistics automation, and inventory management. These systems contribute to sustainable manufacturing, production time reduction, and order flow optimization, making them an essential component of modern industrial processes.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The unit handling segment is estimated to witness significant growth during the forecast period. Unit-handling conveyor systems have gained significant traction in Europe's industrial sector, particularly in manufacturing and logistics operations. These systems are engineered to move individual unit loads, including boxes, crates, totes, and pallets, through the production process and supply chain. In manufacturing, European factories leverage unit handling conveyors to transport materials and finished goods between production stations with accuracy and efficiency. This automation streamlines workflows, reduces manual handling, and enhances productivity.
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The unit handling segment was valued at USD 1.84 billion in 2018. European warehouses and logistics hubs utilize unit handling conveyors to optimize order picking, packing, and shipping processes. The capability to automatically transport discrete unit loads enables these facilities to increase throughput and adapt to the growing e-commerce market. Furthermore, the integration of terminal sterilizers and automated guided vehicles with unit handling conveyors enhances material handling solutions, ensuring a seamless flow of goods from loading and unloading to production. Electricity consumption is minimized through energy-efficient designs and intelligent control systems, making these conveyors an attractive investment for lean logistics operations.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for conveyor systems from mining sector is notably driving market growth. The market is witnessing substantial growth due to the increasing demand from the mining sector. The new Gearless Conveyor Drives (GCDs) will support increased production, addressing the high demand for advanced material handling solutions in the mining industry. The mining sector's reliance on conveyor systems for efficient transport of heavy materials is a major factor fueling market growth. In-line scanning and labeling stations are essential services integrated into these systems to ensure accurate tracking and dimensioning of materials.
Advanced conveyor systems, including belt conveyors and automated systems, are increasingly being adopted to streamline manufacturing processes and reduce production time. Electronics and technology play a crucial role in enhancing the functionality and efficiency of these systems. Overall, the market is poised for continued growth as it caters to the evolving needs of industries seeking efficient and productive material handling solutions. Thus, such factors are driving the growth of the market during the forecast period.
Mergers and acquisitions in industry is the key trend in the market. The market has witnessed significant activity in the form of mergers and acquisitions. In November 2023, Continental, a leading industrial manufacturing company, expanded its reach by acquiring Vertech AB, a prominent conveyor and maintenance firm in Northern Sweden. This strategic move enables Continental's ContiTech division to offer a complete suite of products, services, and solutions to industrial clients in Sweden and Northern Europe. The acquisition of the Kiruna site, now Continental's northernmost location, bolsters its service capabilities in Sweden and Norway's mining sectors. In April 2024, MotionTech, a Swedish industrial group, announced the acquisition of LAC Conveyor Systems Ltd and Holloway Control Systems, both based in the UK. These acquisitions expand MotionTech's portfolio and strengthen its presence in the market. As e-commerce continues to grow, the demand for efficient conveyor systems in warehouses and distribution centers is increasing.
Same-day delivery expectations and the need for streamlining processes have led companies to invest in advanced conveyor systems. The integration of safety components and utility bill savings through energy-efficient systems is also a significant consideration. By acquiring key players in the market, companies can offer value-adding processes and load systems, ensuring they remain competitive in the industry. Online purchases continue to rise, and the market is poised to benefit from this trend. Thus, such trends will shape the growth of the market during the forecast period.
Increasing incidents of injuries and accidents involving conveyor belts is the major challenge that affects the growth of the market. Conveyor systems, which utilize pulleys and other moving parts to automate material handling in industries such as automotive manufacturing and pharmaceuticals, have become essential for mass production processes. However, these systems pose potential risks, particularly with regards to safety. Workers can be injured due to entanglement with moving components, leading to pinching, crushing, or even amputation. Furthermore, falling items from conveyor belts or overhead equipment can result in head injuries, fractures, and other traumatic injuries. For instance, an unfortunate incident took place at Heathrow Airport in February 2024, where an experienced baggage handler sustained a workplace injury. Her scarf became entangled in a conveyor belt, leading to significant harm.
To mitigate these risks, it is crucial to implement proper safety measures, such as regular inspections, employee training, and the use of safety guards. Additionally, increasing conveyor system throughput speed and delivery accuracy can help reduce labor costs and improve customer value. By automating material handling processes, industries can enhance efficiency and productivity while minimizing risks to workers. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Beumer Group GmbH and Co. KG - The company offers conveyor systems such as belt conveyors, pipe conveyors, roller conveyors, and others.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is experiencing notable expansion due to the region's industrial growth and advanced warehousing operations. Industries such as automotive, machinery, and consumer goods are investing heavily in this technology to automate material handling, increase production efficiency, and ensure product quality. In addition, modernization efforts in transportation networks, including airports, seaports, and freight rail terminals, are driving demand for sophisticated conveyor solutions. These advancements are essential for enhancing logistics capabilities and streamlining the distribution of goods and passengers within the region. Automated printing technologies, such as barcodes and RFID, are integral components of modern conveyor systems.
They provide enhanced accuracy and traceability, reducing the likelihood of production damage and order errors. Mechanical handling equipment, including conveyor systems, plays a vital role in the food and beverage industry, ensuring consistent product flow and maintaining strict temperature controls. As Central and Eastern European nations continue to invest in industrial facilities and logistics infrastructure, the demand for conveyor systems is expected to remain strong. This trend is a testament to the region's commitment to improving its competitive edge in the global marketplace.
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Market Scope |
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Report Coverage |
Details |
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Page number |
172 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
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Market Growth 2024-2028 |
USD 660.9 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.0 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Beumer Group GmbH and Co. KG, Daifuku Co. Ltd., Fastrax Conveyor Rollers Ltd., FEIFER kovovyroba spol s r.o., Honeywell International Inc., Interroll Holding AG, Kapelou LLC, Kardex Holding AG, KNAPP AG, KUKA AG, Mecalux SA, Metsan Makina San. ve Tic. A.S, Monk Conveyors Ltd, N and T Engitech Pvt. Ltd., Pneumatic Conveying UK Ltd., Schulte Strathaus GmbH and Co. KG, SSI Schafer IT Solutions GmbH, Vanderlande Industries BV, viastore SYSTEMS GmbH, and Virans |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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