Conveyor and machinery industry 2008 - 2020

Production and sales in conveyor grow significantly more strongly than in machinery industry

Which differences do the development of production and sales indicate in the conveyor indicates compared to the machinery industry in the years from 2008 to 2020?

November 15, 2021 - Production of conveyor develops three times faster than that of the machinery industry in the years from 2011 after overcoming the global economic crisis from 2008/2009 to 2020.

With an average of +0.7% per year, production growth remains low but three times stronger than the average decline in production in machinery industry at -1.0% per year.

The above-average trend in conveyor production is due in particular to the years 2018/2019.

A comparison of the growth phases in production of conveyor and machinery industry from 2011 to 2018 also confirms the above-average development of conveyor production. Its growth rate is +2.8% per year on average, while that of machinery industry is +1.0% per year.

Sales in conveyor grow eight times more strongly than in machinery industry

At +2.5% per year, sales in conveyor grow eight times faster than those in machinery industry at 0.3% per year in the period from 2011 to 2020.

A comparison of the growth phases shows that sales in conveyor increase by +4.7% per year from 2011 to 2018, while those in the machinery industry grow by 2.5% per year. Thus, the sales growth of the conveyor is almost twice as strong as that of the machinery industry.

Twice as strong growth of sales of conveyor in the growth phase but not eight times as strong. How can this be explained?

The stronger spread only emerges in 2018/2019, with sales in conveyor falling less at -4.5% p.a. than in machinery industry at -6.9% p.a.

Foreign sales of conveyor grow four times more strongly than in machinery industry

At +2.7% per year, foreign sales in conveyor develop four times faster than those in machinery industry at +0.6% per year from 2011 to 2020.

At 2.4% p.a., domestic sales of conveyor grow more than twelve times faster than those of machinery industry which fall by -0.2% p.a. on average between 2011 and 2020.