Composite Rollers Market
Composite Rollers Market Forecasts to 2030 - Global Analysis By Type (Idler Rollers, Return Rollers, Troughing Rollers, Impact Rollers and Other Types), Material (Fiber Reinforced Polymer (FRP), Carbon Fiber, Glass Fiber and Other Materials), Load Capacity, Sales Channel, Application, End User and By Geography
Years Covered |
2021-2030 |
Estimated Year Value (2023) |
US $168.61 MN |
Projected Year Value (2030) |
US $274.32 MN |
CAGR (2023 - 2030) |
7.2% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Composite Rollers Market is accounted for $168.61 million in 2023 and is expected to reach $274.32 million by 2030 growing at a CAGR of 7.2% during the forecast period. Composite rollers, fabricated from reinforced polymer materials, offer a lightweight, corrosion-resistant alternative to traditional steel rollers in conveyor systems. Their exceptional durability, low maintenance requirements, and ability to withstand harsh operating conditions make them increasingly sought-after across numerous industries. Composite rollers contribute to operational efficiency by reducing energy consumption and conveyor system downtime, resulting in cost savings and improved productivity.
Market Dynamics:
Driver:
Growing demand in e-commerce and logistics sectors
As online shopping continues to surge, there is an increased need for efficient and reliable material handling solutions to facilitate the movement of goods in warehouses and distribution centers. Composite rollers offer advantages such as lightweight construction, reduced maintenance requirements, and enhanced durability, making them ideal for handling the high volume and diverse range of products characteristic of e-commerce operations. This growing demand underscores the pivotal role of composite rollers in supporting the scalability and efficiency of modern logistics and supply chain networks.
Restraint:
Regulatory barriers
Regulatory barriers for Composite Rollers often stem from standards compliance requirements in specific industries. These regulations impose rigorous testing and certification processes for composite materials. Compliance challenges may arise due to varying standards across regions, requiring manufacturers to navigate complex regulatory landscapes. Non-compliance can result in market entry barriers, product recalls, or legal penalties, hindering market growth.
Opportunity:
Expansion of mining and construction activities
With burgeoning infrastructure projects globally and increasing demand for raw materials, the need for robust and reliable conveyor systems escalates. Composite rollers offer a compelling solution due to their durability, corrosion resistance, and lightweight nature, enhancing material handling efficiency in these industries. Their ability to withstand harsh environments and heavy loads makes them indispensable components in conveyor systems, contributing to improved productivity and reduced maintenance costs. As mining and construction activities continue to grow, the demand for composite rollers is expected to rise, further propelling market expansion.
Threat:
High initial investments
The sophisticated manufacturing techniques and high initial costs of equipment for composite materials make composite rollers an expensive purchase. The initial costs are increased by research and development initiatives aimed at guaranteeing the composite rollers' performance and durability. Furthermore, when considering traditional materials such as steel, composite materials can be more costly. High initial costs might discourage potential purchasers and serve as barriers to entry for some businesses, which in turn restricts market expansion.
Covid-19 Impact
The covid-19 pandemic significantly impacted the composite rollers market. Lockdown measures and disruptions in supply chains led to a decline in production and sales of composite rollers across various industries. Reduced industrial activities and construction projects further dampened the demand for composite rollers. However, as industries gradually resumed operations and adopted stringent safety measures, the market showed signs of recovery with increasing demand for durable, lightweight, and corrosion-resistant composite rollers.
The idler rollers segment is expected to be the largest during the forecast period
The idler rollers segment is estimated to have a lucrative growth. Idler rollers are essential components of conveyor systems, providing support and guiding movement along the conveyor belt. Consisting of cylindrical tubes or discs mounted on shafts, idler rollers facilitate smooth and efficient material transport. They come in various designs to accommodate specific applications, offering options such as troughing, impact, and return rollers. Idler rollers reduce friction, prevent belt misalignment, and help maintain proper tension, thereby optimizing conveyor performance.
The transportation & logistics segment is expected to have the highest CAGR during the forecast period
The transportation & logistics segment is anticipated to witness the highest CAGR growth during the forecast period, due to its lightweight, durable, and corrosion-resistant solutions. Their reduced weight lowers energy consumption and maintenance costs while enhancing operational efficiency. Composite rollers excel in handling various loads and operating conditions, making them ideal for the demanding requirements of the transportation and logistics industry, where smooth and reliable material flow is crucial for timely deliveries.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to increasing industrialization and infrastructure development. Rapid infrastructural development projects and increasing adoption of automation technologies further propel market growth. Key players are focusing on product innovations and strategic collaborations to strengthen their market presence. Government initiatives aimed at promoting sustainable practices also contribute to the market expansion.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's robust manufacturing sector, logistics industry, and increasing adoption of advanced materials. Additionally, stringent regulations regarding worker safety and environmental sustainability drive the demand for composite rollers in the region. With ongoing industrial developments and a focus on efficiency, the North American composite rollers market is expected to continue its upward trajectory.
Key players in the market
Some of the key players profiled in the Composite Rollers Market include Interroll Holding AG, Rulmeca Group, Artur Kupper GmbH, Habasit AG, Enduride Canada USA Inc., Fastrax Conveyor Rollers Limited, Rollwell Group, Conveyor Systems & Engineering Inc., Lorbrand Composites Pty Limited, Nepean Conveyors, Epsilon, Luff Industries Limited, Megadyne Group, Ammeraal Beltech, JPS Rollers & Technical Services Limited.
Key Developments:
In August 2023, Rulmeca introduced the new Rulmeca composite roller. The newly launched product is a non-metallic roller designed for bulk-handling conveyors. The roller provides excellent resistance to abrasion and corrosion caused by environmental factors or the conveyed material itself.
In April 2023, EPSILON Composite, a manufacturer of carbon fiber rollers, partnered with Packone Solutions for the promotion and distribution of its products in India, Sri Lanka, Nepal, and Bangladesh.
Types Covered:
• Idler Rollers
• Return Rollers
• Troughing Rollers
• Impact Rollers
• Other Types
Materials Covered:
• Fiber Reinforced Polymer (FRP)
• Carbon Fiber
• Glass Fiber
• Other Materials
Load Capacities Covered:
• Light Duty Rollers
• Medium Duty Rollers
• Heavy Duty Rollers
Sales Channels Covered:
• Direct Sales
• Distributors
• Online Retailers
• Other Sales Channels
Applications Covered:
• Conveyor Systems
• Material Handling Equipment
• Load-bearing
• Packaging
• Other Applications
End Users Covered:
• Mining
• Manufacturing
• Transportation & Logistics
• Construction
• Agriculture
• Food & Beverage
• 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 Composite Rollers Market, By Type
5.1 Introduction
5.2 Idler Rollers
5.3 Return Rollers
5.4 Troughing Rollers
5.5 Impact Rollers
5.6 Other Types
6 Global Composite Rollers Market, By Material
6.1 Introduction
6.2 Fiber Reinforced Polymer (FRP)
6.3 Carbon Fiber
6.4 Glass Fiber
6.5 Other Materials
7 Global Composite Rollers Market, By Load Capacity
7.1 Introduction
7.2 Light Duty Rollers
7.3 Medium Duty Rollers
7.4 Heavy Duty Rollers
8 Global Composite Rollers Market, By Sales Channel
8.1 Introduction
8.2 Direct Sales
8.3 Distributors
8.4 Online Retailers
8.5 Other Sales Channels
9 Global Composite Rollers Market, By Application
9.1 Introduction
9.2 Conveyor Systems
9.3 Material Handling Equipment
9.4 Load-bearing
9.5 Packaging
9.6 Other Applications
10 Global Composite Rollers Market, By End User
10.1 Introduction
10.2 Mining
10.3 Manufacturing
10.4 Transportation & Logistics
10.5 Construction
10.6 Agriculture
10.7 Food & Beverage
10.8 Other End Users
11 Global Composite Rollers Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Interroll Holding AG
13.2 Rulmeca Group
13.3 Artur Kupper GmbH
13.4 Habasit AG
13.5 Enduride Canada USA Inc.
13.6 Fastrax Conveyor Rollers Limited
13.7 Rollwell Group
13.8 Conveyor Systems & Engineering Inc.
13.9 Lorbrand Composites Pty Limited
13.10 Nepean Conveyors
13.11 Epsilon
13.12 Luff Industries Limited
13.13 Megadyne Group
13.14 Ammeraal Beltech
13.15 JPS Rollers & Technical Services Limited
List of Tables
1 Global Composite Rollers Market Outlook, By Region (2021-2030) ($MN)
2 Global Composite Rollers Market Outlook, By Type (2021-2030) ($MN)
3 Global Composite Rollers Market Outlook, By Idler Rollers (2021-2030) ($MN)
4 Global Composite Rollers Market Outlook, By Return Rollers (2021-2030) ($MN)
5 Global Composite Rollers Market Outlook, By Troughing Rollers (2021-2030) ($MN)
6 Global Composite Rollers Market Outlook, By Impact Rollers (2021-2030) ($MN)
7 Global Composite Rollers Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Composite Rollers Market Outlook, By Material (2021-2030) ($MN)
9 Global Composite Rollers Market Outlook, By Fiber Reinforced Polymer (FRP) (2021-2030) ($MN)
10 Global Composite Rollers Market Outlook, By Carbon Fiber (2021-2030) ($MN)
11 Global Composite Rollers Market Outlook, By Glass Fiber (2021-2030) ($MN)
12 Global Composite Rollers Market Outlook, By Other Materials (2021-2030) ($MN)
13 Global Composite Rollers Market Outlook, By Load Capacity (2021-2030) ($MN)
14 Global Composite Rollers Market Outlook, By Light Duty Rollers (2021-2030) ($MN)
15 Global Composite Rollers Market Outlook, By Medium Duty Rollers (2021-2030) ($MN)
16 Global Composite Rollers Market Outlook, By Heavy Duty Rollers (2021-2030) ($MN)
17 Global Composite Rollers Market Outlook, By Sales Channel (2021-2030) ($MN)
18 Global Composite Rollers Market Outlook, By Direct Sales (2021-2030) ($MN)
19 Global Composite Rollers Market Outlook, By Distributors (2021-2030) ($MN)
20 Global Composite Rollers Market Outlook, By Online Retailers (2021-2030) ($MN)
21 Global Composite Rollers Market Outlook, By Other Sales Channels (2021-2030) ($MN)
22 Global Composite Rollers Market Outlook, By Application (2021-2030) ($MN)
23 Global Composite Rollers Market Outlook, By Conveyor Systems (2021-2030) ($MN)
24 Global Composite Rollers Market Outlook, By Material Handling Equipment (2021-2030) ($MN)
25 Global Composite Rollers Market Outlook, By Load-bearing (2021-2030) ($MN)
26 Global Composite Rollers Market Outlook, By Packaging (2021-2030) ($MN)
27 Global Composite Rollers Market Outlook, By Other Applications (2021-2030) ($MN)
28 Global Composite Rollers Market Outlook, By End User (2021-2030) ($MN)
29 Global Composite Rollers Market Outlook, By Mining (2021-2030) ($MN)
30 Global Composite Rollers Market Outlook, By Manufacturing (2021-2030) ($MN)
31 Global Composite Rollers Market Outlook, By Transportation & Logistics (2021-2030) ($MN)
32 Global Composite Rollers Market Outlook, By Construction (2021-2030) ($MN)
33 Global Composite Rollers Market Outlook, By Agriculture (2021-2030) ($MN)
34 Global Composite Rollers Market Outlook, By Food & Beverage (2021-2030) ($MN)
35 Global Composite Rollers Market Outlook, By Other End Users (2021-2030) ($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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