NAICS 333922 - Conveyor and Conveying Equipment Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing conveyors and conveying equipment, such as gravity conveyors, trolley conveyors, tow conveyors, pneumatic tube conveyors, carousel conveyors, farm conveyors, and belt conveyors.
Industry trends:
In the Conveyor and Conveying Equipment Manufacturing industry (NAICS 333922), a key qualitative trend is the increasing adoption of automation and smart technologies. Manufacturers are integrating advanced control systems and Industrial Internet of Things (IIoT) technologies to enhance operational efficiency and predictive maintenance. This trend is driven by the demand for higher productivity, reduced downtime, and more efficient inventory management.
Sustainability is another significant trend shaping the industry. Companies are focusing on developing energy-efficient systems and using more eco-friendly materials. This shift is partly in response to stricter environmental regulations and growing consumer preference for sustainable practices.
Customization and modularity are also emerging as important trends. Customers are seeking tailor-made solutions that cater to their specific operational needs. To meet this demand, manufacturers are offering modular systems that can be easily upgraded or reconfigured.
Looking ahead, the industry is expected to see continued growth in the adoption of automation and digital technologies. The global push towards Industry 4.0 will further drive innovation, leading to more interconnected and intelligent conveyor systems. Additionally, economic recovery and increased industrial activities are likely to sustain demand for conveying equipment in the near future.
This industry is comprised of:
Belt conveyor systems manufacturing
Buckets, elevator or conveyor, manufacturing
Carousel conveyors (e.g., luggage) manufacturing
Coal and ore conveyors manufacturing
Conveyors, farm-type, manufacturing
Farm-type conveyors manufacturing
Mine conveyors manufacturing
Overhead conveyors manufacturing
Passenger baggage belt loaders (except industrial truck) manufacturing
Pneumatic tube conveyors manufacturing
Screw conveyors manufacturing
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.