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

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

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