Press Release

Global Conveyor Belt Market to Grow at a CAGR of 3.80% During 2024-2032, Aided by Growing Automation and Industrialisation

Global Conveyor Belt Market

According to a new report by EMR titled, ‘Global Conveyor Belt Market Report and Forecast 2024-2032’, the global conveyor belt market size attained a value of 6.42 billion in 2023. The market is expected to grow at a CAGR of 3.80% between 2024 and 2032, reaching almost 8.99 billion by 2032.

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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Market Breakup by Product Type, End Use, and Region:

  • The market is segmented based on product type into medium-weight conveyor belts, light-weight conveyor belts, and heavy-weight conveyor belts.
  • Based on end use, the market can be divided into mining, manufacturing, chemicals, oils and gases, aerospace, and others.
  • Region-wise, the global market for conveyor belts can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.


Key Findings of the Report:

  • The global market for conveyor belts is being driven by the growing industrialisation and automation to reduce time and increase efficiency.
  • The market is being supported by factors like rapid industrialisation and urbanisation and increasing focus on business automation to improve productivity.
  • The growth of the end-use industries like e-commerce, food and beverages, packaging, chemicals and pharmaceuticals, among others are driving the market trajectory.
  • The upsurge in technological innovations is notably strengthening new product launches and research and development activities in the field of conveyor belts.


Key Offerings of the Report:

  • The EMR report gives an overview of the global market for conveyor belt the periods (2018-2023) and (2024-2032).
  • The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product type, end use, and major regions of conveyor belt market.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.


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.


Key Highlights of the Report

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:

  • Product Type
  • End Use
  • Region
Breakup by Product Type
  • Medium-Weight Conveyor Belt
  • Light-Weight Conveyor Belt
  • Heavy-Weight Conveyor Belt
Breakup by End Use
  • Mining
  • Manufacturing
  • Chemicals, Oils and Gases
  • Aerospace
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bando Chemical Industries, Ltd.
  • Fenner Conveyor Belting Pvt Ltd
  • Intralox LLC.
  • Volta Belting Technology Ltd
  • Fives Group
  • Others


About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.


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