Belt Conveyor Pulley Market
Belt Conveyor Pulley Market Forecasts to 2030 - Global Analysis By Material (Stainless Steel, Steel, Aluminum, Plastic and Other Materials), Type, Load Capacity, Application, End User and By Geography
According to Stratistics MRC, the Global Belt Conveyor Pulley Market is accounted for $5.4 billion in 2023 and is expected to reach $8.6 billion by 2030 growing at a CAGR of 6.9% during the forecast period. A cylindrical mechanical device called a belt conveyor pulley is used to adjust the direction and tension of a conveyor belt. It is frequently installed at the endpoints of conveyor systems or at predetermined intervals throughout their length. These pulleys are essential to the functioning of belt conveyors, which are frequently employed in a variety of industries to move packages, bulk materials, or other items from one location to another. These pulleys are frequently fitted with features like lagging to enhance traction and lessen belt slippage. They are generally built from materials like steel or stainless steel to give strength and endurance.
According to a 2022 UNCTAD report, urbanization in developing economies such as Asia and Oceania have reached 50%, further driving the need for advanced conveyor systems.
Market Dynamics:
Driver:
Increased demand for belt conveyor pulley
Conveyor systems are increasingly needed in distribution centers and warehouses to help with the flow of items as a result of e-commerce's explosive expansion. Many companies invest in conveyor systems to improve efficiency and reduce manual handling. Such investments can lead to increased demand for pulleys. Manufacturers could spend money on R&D to enhance the effectiveness and calibre of conveyor pulleys as demand rises. This might result in technical developments that help enterprises by offering more dependable and affordable solutions. This is the element fueling the market's expansion.
Restraint:
Environmental concerns
Conveyor system dust and particulate matter may be a problem for the environment, especially in bulk material handling and mining. The operation of belt conveyor systems requires energy. Electricity is used by the motors that turn the belts and pulleys, and this energy use adds to the environmental footprint overall, especially if the energy source is not efficient or sustainable. Pulleys and other conveyor systems may make a lot of noise, which can be disruptive in industrial environments. These are the factors preventing the market from expanding.
Opportunity:
Maintenance and replacement
Pulleys that are well-designed are frequently simple to repair and replace when necessary. Because of the decrease in downtime and maintenance expenses, conveyor systems become more affordable. By lowering energy consumption, eliminating belt wear, and assuring a smooth, dependable operation, properly built and maintained pulleys help to increase the conveyor system's overall efficiency. Additionally, superior pulleys aid in lowering conveyor system noise levels, creating a quieter and more comfortable working environment. Therefore, these are the elements driving the market's expansion.
Threat:
High initial cost
High-quality pulley purchases may be a bit costly, particularly for big conveyor systems. For enterprises, these upfront capital expenses might represent a sizable investment. Failure of the pulleys or pulley parts in a conveyor system can cause a halt in production or material handling activities. Downtime can lead to lost income and productivity. Energy is needed to power a conveyor system, including the pulleys, in order to transport items. Particularly for big, high-capacity systems, energy expenses may build up and have an influence on the entire cost of operation. These are the elements limiting the market's expansion.
Covid-19 Impact:
The market has seen a range of effects from the COVID-19 epidemic. On the one hand, the market saw a slowdown as a result of the supply chain disruptions and temporary stoppage of production operations. During the pandemic, many industries cut back on capital spending, which had an impact on the need for conveyor belts. However, the industry also saw a surge in demand from sectors that are crucial to society, such the food and pharmaceutical industries, which required continuous material handling. The conveyor belt industry is anticipated to pick up steam as economies rebound and businesses restart production, spurred by the demand for effective and automated material handling solutions.
The drum pulley segment is expected to be the largest during the forecast period
The drum pulley segment is expected to be the largest during the forecast period. Drum pulleys are utilized for light to medium-duty applications in a variety of sectors, including food and beverage, chemical, pharmaceuticals, and mining. Usually, stainless steel, aluminium, or steel is used to make the drum pulleys. With addition, they feature a surface that is either smooth or grooved and aids with belt grip. Additionally, the product offers advantages including minimal maintenance costs, lower energy consumption, and high operational efficiency, all of which are anticipated to fuel market demand throughout the course of the projection year.
The food & beverage segment is expected to have the highest CAGR during the forecast period
The food & beverage segment is expected to have the highest CAGR during the forecast period. Demand for convenience foods is increasing as the working class in emerging nations grows. The ovens, chilling stations, and packing rooms all use conveyor systems to move food through them. The population is expanding quickly, there is a growing demand for packaged foods, and there is an increasing need to automate production processes to save manual labor and increase productivity.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Conveyor systems are increasingly being used in a variety of sectors to move products and boost overall productivity. Belt improvements in terms of composition and form, as well as the dominance of major producers, are significant market growth drivers. Due to a rise in end-user product demand, industries including manufacturing and the automobile industry are developing dramatically throughout the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. The advent of e-commerce and urbanization, which call for simplified logistics, also contribute to this surge in demand for effective material handling systems. Favorable government programs, including infrastructure expenditures and economic development policies, are also anticipated to fuel the growth of companies dependent on conveyor belts, making this area a very attractive center for market expansion.
Key players in the market
Some of the key players in Belt Conveyor Pulley Market include Rexnord, Van Gorp Corporation, Bosworth, FEI Conveyors, Baldor, Vanderlande Industries B.V., Emerson Electric Co., Daifuku Co. Ltd., William Hardill Sons & Company, Somi Conveyor Beltings Ltd., Dura-Belt, Inc., Intralox, RULMECA Group, MiniTec Automation, Siemens AG, Interroll Holding GmbH, TGW Logistics Group and Zhejiang Double.
Key Developments:
In January 2023, Siemens Logistics has announced that it supplies new baggage handling system at Austin-Bergstrom International Airport, USA. For this, the company supply a new mainline belt conveyor, sortation via high speed diverters, and vertical sorters.
In June 2021, Siemens introduced new baggage handling system for airports. Siemens Logistics has developed a new belt conveyor, VarioBelt TilterPlus, for moving baggage at airports.
Materials Covered:
• Stainless Steel
• Steel
• Aluminum
• Plastic
• Other Materials
Types Covered:
• Drive Pulley
• Bend Pulley
• Snub Pulley
• Wing Pulley
• Magnetic Pulley
• Turbine Pulley
• Ceramic Pulley
• Spiral Pulley
• Drum Pulley
• Tail Pulley
• Motorized Pulley
• Other Types
Load Capacities Covered:
• Medium
• Heavy
• Light
Applications Covered:
• Coal Mines
• Food Processing
• Manufacturing
• Logistics & Material Handling
• Pulp & Paper Industry
• Cement Industry
• Unit Packaging
• Sand and Gravel Quarries
• Other Applications
End Users Covered:
• Food & Beverage
• Pharmaceutical
• Automotive
• Aerospace
• Construction
• Mining
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Belt Conveyor Pulley Market, By Material
5.1 Introduction
5.2 Stainless Steel
5.3 Steel
5.4 Aluminum
5.5 Plastic
5.6 Other Materials
6 Global Belt Conveyor Pulley Market, By Type
6.1 Introduction
6.2 Drive Pulley
6.3 Bend Pulley
6.4 Snub Pulley
6.5 Wing Pulley
6.6 Magnetic Pulley
6.7 Turbine Pulley
6.8 Ceramic Pulley
6.9 Spiral Pulley
6.10 Drum Pulley
6.11 Tail Pulley
6.12 Motorized Pulley
6.13 Other Types
7 Global Belt Conveyor Pulley Market, By Load Capacity
7.1 Introduction
7.2 Medium
7.3 Heavy
7.4 Light
8 Global Belt Conveyor Pulley Market, By Application
8.1 Introduction
8.2 Coal Mines
8.3 Food Processing
8.4 Manufacturing
8.5 Logistics & Material Handling
8.6 Pulp & Paper Industry
8.7 Cement Industry
8.8 Unit Packaging
8.9 Sand and Gravel Quarries
8.10 Other Applications
9 Global Belt Conveyor Pulley Market, By End User
9.1 Introduction
9.2 Food & Beverage
9.3 Pharmaceutical
9.4 Automotive
9.5 Aerospace
9.6 Construction
9.7 Mining
9.8 Other End Users
10 Global Belt Conveyor Pulley Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Rexnord
12.2 Van Gorp Corporation
12.3 Bosworth
12.4 FEI Conveyors
12.5 Baldor
12.6 Vanderlande Industries B.V.
12.7 Emerson Electric Co.
12.8 Daifuku Co. Ltd.
12.9 William Hardill Sons & Company
12.10 Somi Conveyor Beltings Ltd.
12.11 Dura-Belt, Inc.
12.12 Intralox
12.13 RULMECA Group
12.14 MiniTec Automation
12.15 Siemens AG
12.16 Interroll Holding GmbH
12.17 TGW Logistics Group
12.18 Zhejiang Double
List of Tables
1 Global Belt Conveyor Pulley Market Outlook, By Region (2021-2030) ($MN)
2 Global Belt Conveyor Pulley Market Outlook, By Material (2021-2030) ($MN)
3 Global Belt Conveyor Pulley Market Outlook, By Stainless Steel (2021-2030) ($MN)
4 Global Belt Conveyor Pulley Market Outlook, By Steel (2021-2030) ($MN)
5 Global Belt Conveyor Pulley Market Outlook, By Aluminum (2021-2030) ($MN)
6 Global Belt Conveyor Pulley Market Outlook, By Plastic (2021-2030) ($MN)
7 Global Belt Conveyor Pulley Market Outlook, By Other Materials (2021-2030) ($MN)
8 Global Belt Conveyor Pulley Market Outlook, By Type (2021-2030) ($MN)
9 Global Belt Conveyor Pulley Market Outlook, By Drive Pulley (2021-2030) ($MN)
10 Global Belt Conveyor Pulley Market Outlook, By Bend Pulley (2021-2030) ($MN)
11 Global Belt Conveyor Pulley Market Outlook, By Snub Pulley (2021-2030) ($MN)
12 Global Belt Conveyor Pulley Market Outlook, By Wing Pulley (2021-2030) ($MN)
13 Global Belt Conveyor Pulley Market Outlook, By Magnetic Pulley (2021-2030) ($MN)
14 Global Belt Conveyor Pulley Market Outlook, By Turbine Pulley (2021-2030) ($MN)
15 Global Belt Conveyor Pulley Market Outlook, By Ceramic Pulley (2021-2030) ($MN)
16 Global Belt Conveyor Pulley Market Outlook, By Spiral Pulley (2021-2030) ($MN)
17 Global Belt Conveyor Pulley Market Outlook, By Drum Pulley (2021-2030) ($MN)
18 Global Belt Conveyor Pulley Market Outlook, By Tail Pulley (2021-2030) ($MN)
19 Global Belt Conveyor Pulley Market Outlook, By Motorized Pulley (2021-2030) ($MN)
20 Global Belt Conveyor Pulley Market Outlook, By Other Types (2021-2030) ($MN)
21 Global Belt Conveyor Pulley Market Outlook, By Load Capacity (2021-2030) ($MN)
22 Global Belt Conveyor Pulley Market Outlook, By Medium (2021-2030) ($MN)
23 Global Belt Conveyor Pulley Market Outlook, By Heavy (2021-2030) ($MN)
24 Global Belt Conveyor Pulley Market Outlook, By Light (2021-2030) ($MN)
25 Global Belt Conveyor Pulley Market Outlook, By Application (2021-2030) ($MN)
26 Global Belt Conveyor Pulley Market Outlook, By Coal Mines (2021-2030) ($MN)
27 Global Belt Conveyor Pulley Market Outlook, By Food Processing (2021-2030) ($MN)
28 Global Belt Conveyor Pulley Market Outlook, By Manufacturing (2021-2030) ($MN)
29 Global Belt Conveyor Pulley Market Outlook, By Logistics & Material Handling (2021-2030) ($MN)
30 Global Belt Conveyor Pulley Market Outlook, By Pulp & Paper Industry (2021-2030) ($MN)
31 Global Belt Conveyor Pulley Market Outlook, By Cement Industry (2021-2030) ($MN)
32 Global Belt Conveyor Pulley Market Outlook, By Unit Packaging (2021-2030) ($MN)
33 Global Belt Conveyor Pulley Market Outlook, By Sand and Gravel Quarries (2021-2030) ($MN)
34 Global Belt Conveyor Pulley Market Outlook, By Other Applications (2021-2030) ($MN)
35 Global Belt Conveyor Pulley Market Outlook, By End User (2021-2030) ($MN)
36 Global Belt Conveyor Pulley Market Outlook, By Food & Beverage (2021-2030) ($MN)
37 Global Belt Conveyor Pulley Market Outlook, By Pharmaceutical (2021-2030) ($MN)
38 Global Belt Conveyor Pulley Market Outlook, By Automotive (2021-2030) ($MN)
39 Global Belt Conveyor Pulley Market Outlook, By Aerospace (2021-2030) ($MN)
40 Global Belt Conveyor Pulley Market Outlook, By Construction (2021-2030) ($MN)
41 Global Belt Conveyor Pulley Market Outlook, By Mining (2021-2030) ($MN)
42 Global Belt Conveyor Pulley Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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