ASEAN Conveyor System Market Projected to Reach US$ 3.7 Billion by 2032, Expanding at a CAGR of 7.1%

ASEAN Conveyor System Market

Future Market Insights (FMI) has conducted an analysis on the ASEAN conveyor system market, revealing a valuation of US$ 1.7 billion in 2021. Projections indicate a robust growth trajectory, with the market poised to expand at a notable CAGR of 7.1%, reaching a valuation of US$ 3.7 billion by 2032. Among the various types of conveyor systems, roller conveyor systems are anticipated to hold a significant share, accounting for over 22% of total deployment in the ASEAN region by the end of the forecast period.

The burgeoning demand for warehousing facilities is expected to be a key driver propelling the growth of the conveyor system market in the ASEAN region. With the rapid development of various industries, there is a growing need for extensive warehousing services to accommodate goods and products. This surge in warehousing demand, coupled with the expansion of the e-commerce sector across ASEAN countries, is driving growth in the conveyor system market.

Indonesia is forecasted to emerge as a dominant force in the ASEAN conveyor system market, particularly in terms of revenue generation in 2022. The Indonesian market is poised for continuous growth throughout the forecast period, with projections indicating that it will capture nearly 30% of the ASEAN market share.

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The Indonesian intralogistics landscape is experiencing a significant shift driven by various factors. With the international trade of goods witnessing a surge propelled by shorter product lifecycles and advancements in multiple end-use industries, there has been a notable expansion of warehouses and logistics facilities. Countries like Malaysia, Thailand, and particularly Indonesia are bolstering their bulk handling ports and recycling operations to meet the escalating consumer demand.

In the realm of e-commerce, conveyor systems play a pivotal role in optimizing process flow and enhancing productivity at crucial junctures. The heightened demand for warehousing and logistics services in the ASEAN region is poised to fuel the conveyor systems market, particularly in the context of warehousing and logistics operations, driving growth across the ASEAN landscape.

Various factors are expected to exert influence on each segment of the ASEAN conveyor system market. For instance, Indonesia is anticipated to gain a notable increase in market share by 200 to 250 basis points, whereas the logistics and warehousing sectors in Indonesia are forecasted to experience a moderate decline of 10 to 50 basis points over the next decade.

Key Companies

  • TUKU Singapore Pte Ltd
  • MIS Belt Centre Pte Ltd
  • Kaiye Industries (M) Sdn Bhd
  • DNC AUTOMATION (M) SDN BHD
  • PRIMECH
  • CBR CONVEYOR SYSTEMS SDN BHD
  • PT. Rollent Indonesia
  • PT. Suprabakti Mandiri
  • PT. Almec Indonesia
  • RexLine Engineering Indonesia
  • MAE SYSTEMS ENGINEERING (THAI) CO., LTD
  • Nagasaki KIKI (Thailand)
  • NKC THAI NAKANISHI
  • PLIC Corp., Ltd.

Market Key Segments

By Product Type:

  • Belt Conveyor
  • Roller Conveyor
  • Pallet Conveyor
  • Overhead Conveyor
  • Tri-Planar Conveyor
  • Crescent Conveyor
  • Skid Conveyor
  • Trailer Conveyor
  • Others

By Operation Type:

  • Manual
  • Semi-Automatic
  • Automatic

By Capacity Type:

  • Unit Handling
  • Bulk Handling

By Application Type:

  • Packaging & Warehouse Distribution
  • Textile & Paper
  • Construction & Mining
  • Automotive & Transportation
  • Consumer Electronics
  • Food & Beverage
  • Chemical & Pharmaceutical

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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