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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, Manufacturing, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Conveyor Belt Market Outlook 

The global conveyor belt market stood at USD 5.9 billion in 2021. The market is estimated to grow at a CAGR of 3.8% in the forecast period of 2023-2028 to reach USD 7.5 billion by 2027.

 

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 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 2021. 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
  • Manufacturing
  • Chemicals, Oils, and Gases
  • Aerospace
  • 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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Porter's Five Forces, 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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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    Opportunities and Challenges in the Market
8    Global Conveyor Belt Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Conveyor Belt Historical Market (2018-2022) 
    8.3    Global Conveyor Belt Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Light-Weight Conveyor Belt
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Heavy-Weight Conveyor Belt
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Conveyor Belt Market by End Use
        8.5.1    Mining
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Manufacturing
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Chemicals, Oils and Gases
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Aerospace
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Conveyor Belt Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Conveyor Belt Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Conveyor Belt Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Conveyor Belt Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Conveyor Belt Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Conveyor Belt Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Bando Chemical Industries, Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Financial Summary
            16.2.1.5    Certifications
        16.2.2    Fenner Conveyor Belting Pvt Ltd
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Financial Summary
            16.2.2.5    Certifications
        16.2.3    Intralox LLC.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Financial Summary
            16.2.3.5    Certifications
        16.2.4    Volta Belting Technology Ltd
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Financial Summary
            16.2.4.5    Certifications  
        16.2.5    Fives Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Financial Summary
            16.2.5.5    Certifications  
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Conveyor Belt Market: Key Industry Highlights, 2017 and 2027
2.    Global Conveyor Belt Historical Market: Breakup by Product Type (USD Billion), 2018-2022
3.    Global Conveyor Belt Market Forecast: Breakup by Product Type (USD Billion), 2023-2028
4.    Global Conveyor Belt Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Conveyor Belt Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Conveyor Belt Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Conveyor Belt Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Importing Countries by Volume (2021)
19.    Major Exporting Countries by Volume (2021)
20.    Major Importing Countries by Value Million USD (2021)
21.    Major Exporting Countries by Value Million USD (2021)
22.    Global Conveyor Belt Market Structure

Key Questions Answered in the Report

In 2021, the global conveyor belt market attained a value of nearly USD 5.9 billion. 

The market is projected to grow at a CAGR of 3.8% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 7.5 billion by 2027. 

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 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 5.9 billion in 2021, 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 2023-2028, growing at a CAGR of 3.8%. The conveyor belt market is projected to reach USD 7.5 billion by 2027. 

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 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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