Vibrating Conveyor Market size is expected to reach USD 1 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of vibrating conveyor was over USD 500 Million. The increase in market is primarily being driven by population growth and the resulting increase in demand for commodities. Over the course of the forecast period, the global population has expanded by more than three times. After adding 1 billion since 2010 and 2 billion since 1998, the anticipated population of humans worldwide increased to 8.0 billion in mid-November 2022 from 2.5 billion in 1950.
In addition, in order to increase their vibrating conveyor market opportunities, manufacturers are implementing the newest technological developments, such as integrating automation, control systems, and smart sensors in addition to improving maintenance capabilities and real-time monitoring. The market is seeing a large increase in R&D expenditures by companies for a variety of vibrating conveyor, including oscillating conveyors.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 6% |
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Base Year Market Size (2023) |
~ USD 500 Million |
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Forecast Year Market Size (2036) |
~ USD 1 Billion |
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Regional Scope |
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Product Type (Light/Medium Duty Vibrating Conveyor, Heavy Duty Vibrating Conveyor)
Based on product type, light/medium duty vibrating conveyor segment is predicted to account for 60% share of the global vibrating conveyor market during the forecast period. In terms of sales and income, light- to medium-duty vibrating conveyor are a significant product category on a global scale. Because light- to medium-density materials are the greatest fit for light-duty vibrating conveyor, they are widely used in a variety of industries, including chemicals, pharmaceuticals, and food & beverage. This is likely to increase demand for these conveyors throughout the course of the forecast period. In 2022–2023, 26570 thousand MT of major chemicals and petrochemicals will be produced.
End-Use Industry (Mineral Processing, Chemical Industry, Food & Beverages, Pharmaceutical, Rubber Industry, Wood Industry)
Based on end-use industry, food & beverages segment is predicted to account for 30% share of the global vibrating conveyor market during the forecast period. The hygienic and safety standards of this industry drive the vibrating conveyor market. For the most careful and precise handling of food goods, a vibrating conveyor is the best option. The food and beverage industry are benefiting from the use of these conveyors because of their capacity to manage delicate and perishable goods without sacrificing their integrity. Furthermore, the emphasis on upholding strict standards of cleanliness during material handling procedures is in accordance with the vibrating conveyor simplicity of cleaning and maintenance. In 2022, the food & drink industry are expected to generate USD 2.03 billion in total revenue.
Our in-depth analysis of the global vibrating conveyor market includes the following segments:
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Product Type |
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Drive Mechanism |
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End-Use Industry |
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Distribution Channel |
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APAC Market Forecast
Vibrating conveyor market in Asia Pacific region is predicted to dominate revenue with about 35% share during the forecast period. There are numerous end-use industries in Asia Pacific. The benefits of vibratory conveyors, such as enhanced manufacturing efficiency and reduced labor requirements, are driving the dynamics of the local market. Asia Pacific has a significant need for vibrating conveyor due to the region's rapid adoption of energy-efficient and automated products. Over the course of the forecast period, the population explosion in the area will support the expansion of the vibrating conveyor market in APAC. China and India, the two most populous countries on earth is home to 4.3 billion people, or 60% of the world's total population.
North American Market Statistics
Vibrating conveyor market in North America region is projected to hold second largest market share of about 30% during the forecast period. Growth in the manufacturing and industrial domains. Vibrating Conveyor are among the effective material handling systems that are more and more needed to assist production operations as manufacturing activities expand. The mining and aggregates industries have a need for material handling solutions. Vibrating Conveyor are in high demand because they are effectively used by the mining and aggregates sector in North America for the transportation of bulk commodities.
Author Credits: Rushikesh, Richa Gupta
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