Press Release
Press Release
The growing automation and industrialisation are playing a pivotal role in driving the conveyor belt market demand. The rising prevalence of automation across diverse industries like e-commerce, food and beverage, mining, packaging, chemical, and oil and gas, among others, is leading to a heightened need for conveyor systems. Conveyor belts play a pivotal role in optimizing production workflows, enhancing operational efficiency, and mitigating labour costs.
The rise of e-commerce has significantly increased the demand for conveyor systems in warehouses and distribution centres. Conveyor belts facilitate the efficient movement of goods, enabling quick and accurate order fulfilment in the booming e-commerce sector, where giants like Amazon (NASDAQ: AMZN) have been making significant investments in automation equipment.
In addition, the food and beverage sector utilises conveyor belts for handling and transporting products during various stages of production. The sector’s growth supports the demand for conveyor systems and related components to facilitate smooth operations.
In particular, regions like North America and Europe are the leading contributors to the conveyor belt market. Factors such as the highly capital-intensive nature of the region and expensive labour encourage industries to resort to automation of tasks. This also ensures meeting government regulations, efficiency, and effectiveness.
Further, increasing advancement in technology encourages companies to support the growth trajectory. For instance, in March 2023, Habasit launched the HabasitLINK Sphere Top 1" plastic modular belt to enable multi-directional movement of goods on conveyors.
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The major players in the conveyor belt market are Bando Chemical Industries, Ltd., Fenner Conveyor Belting Pvt Ltd, Intralox LLC., Volta Belting Technology Ltd, and Fives Group, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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