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The global conveyor belt market is estimated to grow at a CAGR of 3.8% in the forecast period of 2024-2032 to reach USD 8 billion by 2032.
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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.
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.
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The major product types in the global conveyor belt market are:
On the basis of the end-use, the global conveyor belt market is fragmented into:
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.
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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.
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:
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 | 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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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 (2018-2023)
8.3 Global Conveyor Belt Market Forecast (2024-2032)
8.4 Global Conveyor Belt Market by Product Type
8.4.1 Medium-Weight Conveyor Belt
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Light-Weight Conveyor Belt
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Heavy-Weight Conveyor Belt
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Conveyor Belt Market by End Use
8.5.1 Mining
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Manufacturing
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Chemicals, Oils and Gases
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Aerospace
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Conveyor Belt Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Conveyor Belt Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Conveyor Belt Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Conveyor Belt Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Conveyor Belt Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Conveyor Belt Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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, 2018 and 2032
2. Global Conveyor Belt Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Conveyor Belt Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Conveyor Belt Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Conveyor Belt Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Conveyor Belt Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Conveyor Belt Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Conveyor Belt Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Conveyor Belt Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value Million USD
21. Major Exporting Countries by Value Million USD
22. Global Conveyor Belt Market Structure
The market is projected to grow at a CAGR of 3.8% between 2023 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 8 billion by 2032.
The major drivers of the market are growing manufacturing activities, rising demand for conveyor belts for transportation purposes, the increasing focus of manufacturers on reducing production expenses, and the growing technological advancements.
The key trends guiding the growth of the 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 market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt are the significant conveyor belt product types available in the market.
The mining, manufacturing, chemicals, oils and gases, and aerospace, among others are the leading end uses of the conveyor belts.
The key players in the global conveyor belt market are Bando Chemical Industries, Ltd., Fenner Conveyor Belting Pvt Ltd, Intralox LLC., Volta Belting Technology Ltd, and Fives Group, among others.
The global conveyor belt market attained a value of USD 6.3 billion in 2023, 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 2024-2032, growing at a CAGR of 3.8%. The conveyor belt market is projected to reach USD 8 billion by 2032.
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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