The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%.
The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at a robust CAGR of 5.4% through 2034.
The global expansion of the gravity conveyor system market is anticipated to be significant, with a predicted increase of around 1.5X by 2034. This is due to the growing demand for efficient material-handling processes in several industries, including retail, manufacturing, logistics, and healthcare. Gravity conveyor systems will continue to expand in popularity due to their versatility, cost-effectiveness, and ability to enhance efficiency in material handling processes across diverse industries worldwide.
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China is poised to maintain its steady position in the global gravity conveyor system market, capturing around 29.5% of the market share by 2024. China boasts a vast manufacturing infrastructure and skilled labor force, allowing for efficient and cost-effective production of gravity conveyor systems. Additionally, the country’s well-established supply chain networks and access to raw materials ensure smooth production and distribution processes, meeting global demand effectively.
Key Takeaways from the Report:
- The global market for gravity conveyor systems is projected to thrive at 2% CAGR through 2034.
- By conveyor types, the gravity roller conveyor segment is expected to have a total valuation of USD 268.7 Million by 2034.
- By end-use, the industrial machinery segment is set to attain a valuation of USD 277.5 Million by 2034.
- North America is expected to account for a significant share of about 0% in 2024.
- Europe’s industry value is anticipated to reach USD 101.8 Million by 2024.
- China is projected to attain a valuation of USD 237.3 Million by 2034.
- Demand in India is predicted to rise at 7% CAGR through 2034.
“The gravity conveyor system market is poised to witness healthy growth due to escalating e-commerce, expanding industrial sectors, and increasing emphasis on supply chain optimization. With the growing demand for efficient material handling solutions across retail, manufacturing, logistics, and agriculture industries, adoption of gravity conveyor systems is expected to rise,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).
Competitive Landscape:
The global gravity conveyor system market is moderately consolidated, with leading players accounting for about 40% to 45% share. Bosch Rexroth, Siemens, Dematic, Rexnord, Durr AG, and Buhler Group are the leading manufacturers and suppliers of gravity conveyor systems listed in the report.
Key Companies Profiled in Gravity Conveyor System Market:
- Bosch Rexroth
- Hitachi
- Siemens
- Dematic
- Rexnord
- Durr AG
- Buhler Group
- Daifuku
- FlexLink
- Jungheinrich
- Liebherr Group
- Dorner Conveyors
- Hytrol Conveyor
- Fujian Gao Chuang Machinery Co.
- Kardex
- LEWCO
Recent Development in the Gravity Conveyor System Market:
- In February 2024, Ultimation Industries launched two new products under its heavy-duty gravity roller conveyor portfolio. The products come with two lengths that would enable manufacturers, shipping companies, and warehouses to gain access to novel material handling features.
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Gravity Conveyor System Market Segmentation Analysis:
By Conveyor Types:
- Gravity Roller Conveyor
- Gravity Skate Wheel Conveyor
- Flexible Conveyor
- Spiral Conveyor
- Multi-strand Chain Conveyors
- Others
By Capacity:
- Light Duty
- Medium Duty
- Heavy Duty
- Very Light Duty
By Material:
- Metal
- Plastic
- Others
By Sales Channel:
- Direct Channel
- Indirect Channel
By End-use:
- Automotive
- Food and Beverage
- Agriculture
- Industrial Machinery
- Pharmaceutical
- Retail
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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