Automatic Conveyor Market

The Automatic Conveyor Market is segmented by Conveying Orientation into Horizontal, Vertical, Inclined, Curved, and Other. Among these, the segment Horizontal recorded the highest market share in 2023, increasing over 55% of the Automatic Conveyor Market revenue. Horizontal orientation is used to transport and move materials across any flat surface, applicable in any industry. It provides the most efficient logistic-to-application procedure, enabling a high correspondence of transport costs to the finished product. 

The segment Vertical is expected to rise at a rapid growth rate in the period 2021-2028. Such solutions are increasingly used in industries. Fields of applications include the food and beverage industry, the pharmaceutical industry, automotive industry, among others. Within the production area, the fast lifting of the material between the floors is particularly important. Uniqueness is their ability to transport horizontally or diagonally movement in any direction. Together with the list price of carriers, this is the optimal solution in terms of rear floor space utilization and efficiency increases.

The Automatic Conveyor Market is segmented based on Conveyor Type as Roller Conveyor, Belt Conveyor, Chain Conveyor, Screw Conveyor, and Others. The Belt Conveyor segment dominated the Automatic Conveyor Market in 2023, generating over USD 786.8 million in revenue. 

The Belt Conveyor segment is likely to continue leading throughout the forecast period. Belt conveyors are highly efficient and can handle a variety of materials. As a result, these are increasingly used in mining, manufacturing, and logistics. The Screw Conveyor segment will witness significant growth during the forecast period due to the increasing usage of these conveyor belts in the food processing and construction industries. This segment is likely to generate USD 421.6 million in revenue in 2023 and reach USD 563.6 million by 2032 at a CAGR of 3.2%.

The Automatic Conveyor Market is segmented into various applications, including industrial, logistics, food and beverage, pharmaceutical, and others. Among these, the industrial segment is expected to account for the largest share of the market in 2023 and is projected to continue its dominance throughout the forecast period. The growth of the industrial segment can be attributed to the increasing adoption of automation in various industries, such as automotive, manufacturing, and packaging. The logistics sector is also expected to witness significant growth, driven by the rising demand for efficient and cost-effective transportation solutions.

The food and beverage industry is another major application area for automatic conveyors, as they are widely used in food processing and packaging lines. The pharmaceutical industry is also expected to contribute to the growth of the automatic conveyor market, as they are used extensively in the manufacturing and distribution of pharmaceutical products. The 'Other' segment includes applications such as waste management, mining, and agriculture, which are also expected to contribute to the overall growth of the market.

The Automatic Conveyor Market is segmented by drive type into electric, hydraulic, pneumatic, and other. Among these, the electric drive type segment is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of electric motors in conveyor systems due to their energy efficiency, reliability, and low maintenance requirements. 

The hydraulic drive type segment is anticipated to witness significant growth over the forecast period owing to its ability to provide high torque and precise speed control. The pneumatic drive type segment is expected to hold a smaller market share due to its limited power and speed capabilities. The other drive type segment includes manual and gravity-driven conveyors, which are expected to witness stable growth over the forecast period.

The Automatic Conveyor Market segmentation by Load Capacity offers a comprehensive analysis of the market. The market is segmented into Light Duty (>100 kg), Medium Duty (>500 kg), and Heavy Duty (>2,000 kg) load capacities. In 2023, the light-duty segment held the largest share of the market, accounting for around 55% of the Automatic Conveyor Market revenue. This is attributed to the increasing demand for light-duty conveyors in industries such as food and beverage, packaging, and logistics.

The medium-duty segment is expected to witness significant growth over the forecast period, owing to the rising adoption of medium-duty conveyors in manufacturing and assembly lines.