Chain Conveyor Market Size, Share, Opportunities, And Trends By Type (Bucket, Flight, Slat, Others), By Product (Drums & Pallet, Boxes, Heavy Containers, Others), By Application (Production Plants & Factories, Warehouses, Distribution Centers), By End-User (Automotive, Mining, Manufacturing, Food & Beverage, Others), And By Geography - Forecasts From 2023 To 2028

The chain conveyor market is expected to show steady growth during the forecast period.

A chain conveyor is a type of conveyor system that is used to transport large unit loads like pallets, grid boxes, industrial containers, and material through production lines. It employs an endless chain to transmit power and push material through a channel, either directly or through chain attachments. The growing manufacturing sector and establishment of distribution centers served as an important factor behind the chain conveyor industry growth.

Market Drivers

• The growing manufacturing sector fuels the growth of the chain conveyor market.

Chain conveyors facilitate to transport of raw materials, components, and finished products easily without any damage and this makes them an ideal solution for manufacturing sectors. Favorable investment inflows, and government subsidies coupled with the establishment of production plants and facilities have positively impacted the overall production output of major nations. For instance, according to the National Statistical Office, the annual growth rate of the Manufacturing Sector increased 11.8% in the year 2021-2022.

• The increasing establishment of distribution centers drives the chain conveyor market expansion.

The rapid rise of e-commerce is a main driver of distribution center expansion. As more consumers turn to online shopping, retailers, and e-commerce, companies are opening distribution centers to better manage order storage, processing, and shipping. Chain conveyors are critical for the smooth operation of the e-commerce sector as they play an important role in streamlining warehouse operations and ensuring timely delivery, this increases the adoption of chain conveyors in distribution centers which is projected to push the overall market growth. For instance, in June 2023, VF Corporation announced its operations at its new cutting-edge distribution center in Ontario, California. The facility will enable VF Corporation to provide more efficient distribution services for its operated retail stores, wholesale customers, and owned e-commerce orders.

• Advancements in conveyor technology drive the chain conveyor market growth.

Advances in conveyor technology, such as the addition of sensors, automation controls, and automated maintenance features, help in the adoption of chain conveyors. Businesses require low maintenance and reliable conveyors; thus new smart sensors are added to automate maintenance features. Smart sensors can detect abnormalities, monitor conveyor component health, and provide data for predictive maintenance. The growing investment in industrial automation coupled with various favorable efforts and initiatives to exercise operational efficiency is expected to pave the way for further market growth for chain conveyors.

Asia Pacific is expected to show significant market growth.

Asia Pacific is projected to account for a considerable share of the chain conveyor market owing to the region’s significant growth in manufacturing sectors and the establishment of new distribution centers. For instance, in 2021, the Government of India announced the automobile PLI Scheme, over the next five years, the PLI Scheme for the automobile industry attracted over Rs 42,500 crore in new investment. Likewise, the booming warehouse & logistics market in major APAC nations such as China has further escalated the demand for chain conveyors, thereby augmenting the overall regional market growth.

Market Challenges

• Operational challenges will restrain the chain conveyor market growth.

Conveyor chains require routine maintenance to ensure smooth operation. Any failure or malfunction can cause production downtime, resulting in additional costs for businesses that rely on these systems and potential challenges in reaching production targets. These factors may restrain the growth of the chain conveyor market.

Market Developments

• October 2023- Ultimation Industries launched a fresh line of heavy-duty chain-driven live roller conveyors. It is a long-lasting conveyor that can transport many items that would not normally be transported on a roller conveyor, such as pallets, racks, or industrial containers.
• July 2021: Gridline launched its configurable steel roller chain conveyor system that features dynamic traction control and a built-in accelerator. The conveyor system’s advanced configuration and design provide high flexibility in material handling.

Company Products

• Chain Driven Live Roller Conveyors- Chain Driven Live Roller (CDLR) conveyors are heavy-duty conveyor systems used to transport large or heavy items such as pallets, drums, crates, and more. Ultimation's CDLR conveyors feature a 2.5" diameter x 11 ga. steel rollers with a spring-retained design that allows for easy roller swapping in and out of the conveyor. All Ultimation CDLR conveyors involve structural channel leg supports with a jack bolt foot allowing for +/- 2′′ adjustments, resulting in an adjustable top of roller height of 28′′ - 32′′.
• BCI En Masse Drag Conveyor- The BCI En Masse Drag Conveyor is a high-quality conveyor. It is designed to last and perform in the most demanding environments. and to be low-maintenance. BCI educates customers on how to properly operate and maintain their equipment for peak performance.
• PAC-BEAM I-Beam conveyor- PACLINE created the PAC-BEAMTM I-Beam conveyor with improved components for low-cost conveying in a variety of applications. The PAC-BEAM overhead monorail conveyors from PACLINE are shown to have the lowest "cost per lb. of capacity" of any overhead conveyor.
• Unibilt Over-N-Under Enclosed Track Conveyors- Unibilt Over-N-Under conveyors are extremely adaptable and can be configured to avoid floor aisles and other obstacles. Over-N-under conveyors can be configured to travel around obstacles and over aisles, allowing for cost-effective storage, live accumulation, and transfer of parts or loads over specified distances.

Segmentation

• By Type
  • Bucket
  • Flight
  • Slat
  • Others
• By Product
  • Drums & Pallet
  • Boxes
  • Heavy Containers
  • Others
• By Application
  • Production Plants & Factories
  • Warehouses
  • Distribution Centers
• By End-User
  • Automotive
  • Mining
  • Manufacturing
  • Food & Beverage
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Others