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Global Conveyor Belt Market: By Product Type: Medium-Weight Conveyor Belt, Light-Weight Conveyor Belt, Heavy-Weight Conveyor Belt; By End Use: Mining and Metallurgy, Manufacturing, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Conveyor Belt Market Outlook 

The global conveyor belt market stood at USD 5.87 billion in 2020. The market is estimated to grow at a CAGR of 3.35% in the forecast period of 2021-2026 to reach USD 7.2 billion by 2026 during the forecast period.

 

Global Conveyor Belt Market

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On the basis of product types, the medium-weight conveyor belts accounted for the major market share owing to their vast load-bearing capacity. Based on end-use, the mining and metallurgy sector dominated the market on account of the increasing usage of the product for the transportation of various materials over short distances.

Regionally, the Asia Pacific is estimated to account for the largest market share in 2020. The regional growth is attributed to the substantial rise in the manufacturing activities across the region. Increasing employability, coupled with rising per capita income, has resulted in the growing consumption of convenience food and other consumer products. These trends are expected to trigger the demand for conveyor belts across the region.

 

Properties and Applications 

Conveyor belts are mechanical devices primarily deployed for carrying objects from one place to another. They are generally used for transporting in close distances within a building, and in connecting assembly lines to the final inspection as well as packing lines. The material is placed on the belt and carried to the destination point. It either moves horizontally or along an inclined slope. The system comprises of two or more pulleys which help the belt to rotate in continuous circles. The high versatility, light-weight, and cost-effectiveness of conveyor belt have made them popular across various industries. Along with this, they generally find its applications in airports, food processing, and others.

 

Global Conveyor Belt Market By End Use

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The major product types in the global conveyor belt market are:

  • Medium-Weight 
  • Light-Weight 
  • Heavy-Weight 

On the basis of the end-use, the global conveyor belt market is fragmented into:

  • Mining and Metallurgy 
  • Manufacturing
  • Chemicals, Oils, and Gases
  • Aviation
  • Others

The EMR report looks into the regional markets in the global conveyor belt market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

 

Global Conveyor Belt Market By Region

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Market Analysis 

With the surging need for rapid delivery and production techniques, the conveyor belts play a pivotal role in increasing the order-to-delivery cycle and contributed to an augmented demand for the product across the globe. With the growing use of industrial conveyor systems, producers are enabled to reduce the overall production cost, which is one of the key factors driving the growth of the market. Moreover, the market growth is positively influenced by the advancements in technologies, increasing demand for automation in material handling, as well as a surge in environmental concerns. Due to which eco-friendly conveyor systems with self-cleaning properties have been developed. Also, the rising adoption of conveyor belts among various end-use industries such as mining, power, and manufacturing industries is also anticipated to boost the market growth over the forecast period. However, the installation, repairing, and maintenance costs of the these systems are immensely high due to which small- and medium-sized industries have become reluctant to invest in the market.

 

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global conveyor belt market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Bando Chemical Industries, Ltd.
  • Fenner Conveyor Belting Pvt Ltd
  • Intralox LLC.
  • Volta Belting Technology Ltd
  • Fives Group
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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 and Metallurgy, Manufacturing, Chemicals, Oils and Gases, Aviation, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Conveyor Belt Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Conveyor Belt Historical Market (2016-2020) 
    8.3    Global Conveyor Belt Market Forecast (2021-2026)
    8.4    Global Conveyor Belt Market by Product Type
        8.4.1    Medium-Weight Conveyor Belt
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Light-Weight Conveyor Belt
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Heavy-Weight Conveyor Belt
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Conveyor Belt Market by End Use
        8.5.1    Mining and Metallurgy    
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Manufacturing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Chemicals, Oils and Gases
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Aviation
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
        8.5.5    Others
    8.6    Global Conveyor Belt Market by Region
        8.6.1    Market Share
        8.6.1.1    North America
        8.6.1.2    Europe
        8.6.1.3    Asia Pacific
        8.6.1.4    Latin America
        8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Bando Chemical Industries, Ltd.
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    Fenner Conveyor Belting Pvt Ltd
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Intralox LLC.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Volta Belting Technology Ltd
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications  
        12.3.5    Fives Group
            12.3.5.1    Company Overview
            12.3.5.2    Product Portfolio
            12.3.5.3    Demographic Reach and Achievements
            12.3.5.4    Financial Summary
            12.3.5.5    Certifications  
        12.3.6    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Conveyor Belt Market: Key Industry Highlights, 2016 and 2026
2.    Global Conveyor Belt Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Conveyor Belt Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Conveyor Belt Historical Market: Breakup by End Use (USD Billion), 2016-2020
5.    Global Conveyor Belt Market Forecast: Breakup by End Use (USD Billion), 2021-2026
6.    Global Conveyor Belt Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Conveyor Belt Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value Million USD (2020)
21.    Major Exporting Countries by Value Million USD (2020)
22.    Global Conveyor Belt Market Structure

Key Questions Answered in the Report

In 2020, the global conveyor belt market attained a value of nearly USD 5.87 billion. 

The market is projected to grow at a CAGR of 3.35% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 7.2 billion by 2026. 

The major drivers of the industry, such as the growing manufacturing activities, rising demand for conveyor belts for transportation purposes, the growing focus of manufacturers on reducing production expenses, and the growing technological advancements are expected to aid the market growth.

The key industry trends guiding the growth of the conveyor belt market include the growing preference for automation in material handling and the development of eco-friendly conveyor systems with self-cleaning properties.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the industry. 

The medium-weight conveyor belts are the leading conveyor belt product-type in the industry.

The mining and metallurgy sector represents the leading end-use for the product.  

The major players in the industry are Bando Chemical Industries, Ltd., Fenner Conveyor Belting Pvt Ltd, Intralox LLC., Volta Belting Technology Ltd, and Fives Group, among others.

Analyst Review

The global conveyor belt market attained a value of USD 5.87 billion in 2020, driven by increasing manufacturing activities across the globe and rapid technological advancements. Aided by the increased adoption of automation and development of eco-friendly conveyor systems, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 3.35%. The conveyor belt market is projected to reach USD 7.2 billion by 2026. 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the conveyor belt industry can be segmented into medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt, with medium-weight conveyor belts accounting for the largest market share. On the basis of end uses, the mining and metallurgical sector accounts for the leading share in the industry. The major regional markets for conveyor belt are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above market include Bando Chemical Industries, Ltd., Fenner Conveyor Belting Pvt Ltd, Intralox LLC., Volta Belting Technology Ltd, and Fives Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.  

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