U.S. Conveyor And Conveying Equipment Market. Analysis And Forecast to 2030
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View PricingPrice for Conveyor and Conveying Equipment in the United States - 2023
Contents:
- Price for Conveyor and Conveying Equipment in the United States (CIF) - 2022
- Price for Conveyor and Conveying Equipment in the United States (FOB) - 2022
- Imports of Conveyor and Conveying Equipment in the United States
- Exports of Conveyor and Conveying Equipment in the United States
Price for Conveyor and Conveying Equipment in the United States (CIF) - 2022
The average conveyor and conveying equipment import price stood at $17 per unit in 2022, growing by 15% against the previous year. In general, the import price, however, recorded a dramatic slump. Over the period under review, average import prices hit record highs at $4,039 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($53 per unit), while the price for Taiwan (Chinese) ($0.8 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.9%), while the prices for the other major suppliers experienced a decline.
Price for Conveyor and Conveying Equipment in the United States (FOB) - 2022
In 2022, the average conveyor and conveying equipment export price amounted to $55 per unit, with an increase of 23% against the previous year. In general, the export price, however, faced a significant decline. Over the period under review, the average export prices hit record highs at $12,639 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($1,021 per unit), while the average price for exports to Thailand ($5.6 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.7%), while the prices for the other major destinations experienced a decline.
Imports of Conveyor and Conveying Equipment in the United States
In 2022, after three years of growth, there was decline in overseas purchases of conveyors and conveying equipment, when their volume decreased by -0.2% to 215M units. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 16,294% against the previous year. Imports peaked at 215M units in 2021, and then declined modestly in the following year.
In value terms, conveyor and conveying equipment imports rose rapidly to $3.6B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Conveyor and Conveying Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 544 | 536 | 640 | 801 | 13.8% |
| Germany | 352 | 305 | 408 | 449 | 8.5% |
| Mexico | 209 | 203 | 330 | 312 | 14.3% |
| China | 141 | 164 | 194 | 240 | 19.4% |
| Italy | 188 | 201 | 235 | 206 | 3.1% |
| Taiwan (Chinese) | 55.5 | 78.1 | 76.8 | 59.9 | 2.6% |
| Denmark | 66.2 | 66.5 | 60.1 | 52.8 | -7.3% |
| Switzerland | 17.4 | 16.2 | 28.1 | 26.7 | 15.3% |
| Others | 778 | 814 | 1,196 | 1,473 | 23.7% |
| Total | 2,351 | 2,384 | 3,167 | 3,620 | 15.5% |
Top Suppliers of Conveyor and Conveying Equipment to the United States in 2022:
- Taiwan (Chinese) (77.6M units)
- China (39.4M units)
- Denmark (26.9M units)
- Canada (15.1M units)
- Germany (11.7M units)
- Italy (9.0M units)
- Mexico (8.0M units)
- Switzerland (7.0M units)
Exports of Conveyor and Conveying Equipment in the United States
After three years of growth, overseas shipments of conveyors and conveying equipment decreased by -17.1% to 20M units in 2022. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 5,021%. Over the period under review, the exports hit record highs at 25M units in 2021, and then fell markedly in the following year.
In value terms, conveyor and conveying equipment exports reached $1.1B in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Conveyor and Conveying Equipment in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 383 | 304 | 465 | 459 | 6.2% |
| Mexico | 194 | 157 | 212 | 231 | 6.0% |
| China | 59.0 | 47.1 | 61.1 | 55.0 | -2.3% |
| Brazil | 32.1 | 26.7 | 43.7 | 31.4 | -0.7% |
| Germany | 17.7 | 21.4 | 24.6 | 24.8 | 11.9% |
| United Kingdom | 21.8 | 19.5 | 19.1 | 20.5 | -2.0% |
| Chile | 30.6 | 21.9 | 19.8 | 18.1 | -16.1% |
| Netherlands | 19.8 | 11.7 | 12.9 | 14.1 | -10.7% |
| Japan | 15.2 | 10.9 | 10.0 | 14.0 | -2.7% |
| India | 15.0 | 7.2 | 13.0 | 7.8 | -19.6% |
| South Korea | 14.3 | 5.2 | 9.1 | 7.3 | -20.1% |
| Thailand | 4.3 | 7.3 | 8.2 | 6.0 | 11.7% |
| Belgium | 15.9 | 9.0 | 2.3 | 3.3 | -40.8% |
| Others | 257 | 262 | 196 | 225 | -4.3% |
| Total | 1,080 | 911 | 1,097 | 1,117 | 1.1% |
Top Export Markets for Conveyor and Conveying Equipment from the United States in 2022:
- Mexico (6.0M units)
- Netherlands (2.5M units)
- United Kingdom (2.4M units)
- Japan (1.9M units)
- Thailand (1.1M units)
- Brazil (0.8M units)
- Germany (0.8M units)
- China (0.6M units)
- Canada (0.5M units)
- Belgium (0.5M units)
- Chile (0.4M units)
- South Korea (0.3M units)
- India (0.2M units)
This report provides an in-depth analysis of the market for conveyor and conveying equipment in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 333922 - Conveyor and conveying equipment manufacturing
Companies mentioned:
- Intelligrated Systems of Ohio
- Esco Corporation
- Jervis B. Webb Company
- Nesco
- Superior Industries
- United Conveyor Corporation
- Grob Systems
- Barry-Wehmiller Container Systems
- Roach Manufacturing Corporation
- Arrowhead Conveyor Corporation
- Joy Global Underground Mining
- Diversified Conveyors
- Western Pneumatics
- Joy Global Conveyors
- Intralox
- Intelligrated Systems
- Keneco
- Emerging Acquisitions
- Translogic Corporation
- Fki Logistex Automation
- Hillenbrand
- Gower Corporation
- Continental Global Group
- Material Control Inc.
- Laitram
- Intelligrated Systems
- Arrowhead Systems
- US Test Company 454
- Dearborn Mid-West Company
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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