Conveyor Belt Market Forecasts to 2028 – Global Analysis By Conveyor Type (Roller, Belt), Product (Modular Belt, Flat Belt), Application (Light-Weight, Medium-Weight), End User (Retail, Chemicals) and By Geography
According to Stratistics MRC, the Global Conveyor Belt Market is accounted for $4.49 billion in 2020 and is expected to reach $6.79 billion by 2028 growing at a CAGR of 5.3% during the forecast period. Rising industrial development activities and growing demand from the power generation, mining, and manufacturing industries are driving the market growth. However, high capital investment for setting manufacturing facility and maintenance costs are hampering the growth of the market.
Conveyor belts are the most commonly used industrial component that simplifies the process of carrying various materials and objects from one place to another, especially in industrial environments. Conveyor systems offer quick and efficient transportation for a wide variety of heavy and bulky materials and are extensively used in the material handling and packaging industries.
Based on the installation, the stationary segment is going to have lucrative growth during the forecast period as stationary conveyor belts are widely used in many industries to transport a wide variety of bulk materials over short and long distances in a cost-effective manner and also these belts have stable performance, lower cost, and are used to convey various materials. By geography, Asia Pacific is going to have high growth during the forecast period owing to the rapid industrialization, rising demand for conveyor belts in various industries, coupled with increasing government initiatives and funding in countries such as India and China.
Some of the key players profiled in the Conveyor Belt Market include Zhejiang Double Arrow Rubber Co., Ltd., Yokohama Rubber Company, Techniks CNC Machine Tooling, Siban Peosa SA, Bridgestone, ContiTech, Nitta Corporation, MRF, Intralox, Fenner, Elcon Elastomers Pvt. Ltd., Continental Belting Private Limited, S.I.G. Societa' Italiana Gomma (S.P.A.), Bando Chemical Industries, Ltd., All-State Belting, LLC and Sempertrans.
Estimated Market Size in 2020:
USD 4.49 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 6.79 billion
Tables, Graphs & Figures
Conveyor Type, Material, Product, Installation, Conveyor Module, Cover, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Conveyor Types Covered:
• Modular Belt
• Flat Belt
• Cleated Belt
Conveyor Modules Covered:
• Sorting Modules
• Curved Belt Conveyors
• Singualtion Modules
• Telescopic Conveyor/Booms
• Specialty Belt Conveyors
• Oil-Resistant Conveyor Belt
• Heat- and Flame-Resistant Conveyor
• Conductive Conveyor Belt
• Abrasion-Resistant Conveyor
End Users Covered:
• Supply Chain
• Automated Assembly Line
• Chemicals, Oils and Gases
• Power Generation
• Mining and Metallurgy
• General Manufacturing
• Food & Beverage
• Poultry & Dairy
• Recycling and Scrap Handling
• Courier and Parcel
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2019, 2020, 2021, 2025 and 2028
- 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
Key Questions Answered In The Report
The Global Conveyor Belt Market is majorly driven by rising industrial development activities and growing demand from the power generation, mining, and manufacturing industries.
The stationary segment is growing at a highest CAGR owing to wide usage in many industries to transport a wide variety of bulk materials over short and long distances in a cost-effective manner.
North America dominated with a significant market share due to the factors such as continued adoption across the mining industry and government support for mining in the form of executive orders, such as for critical minerals development or in the form of regulatory changes.
Asia Pacific market is growing at a highest CAGR owing to the rapid expansion of airport infrastructure in the emerging economies of the region and high development of regional end-user industries such as mining, cement, food & beverage, and steel sectors.
Key players in Conveyor Belt Market include Zhejiang Double Arrow Rubber Co., Ltd., Yokohama Rubber Company, Techniks CNC Machine Tooling, Siban Peosa SA, Bridgestone, ContiTech, Nitta Corporation, MRF, Intralox, Fenner, Elcon Elastomers Pvt. Ltd., Continental Belting Private Limited, S.I.G. Societa' Italiana Gomma (S.P.A.), Bando Chemical Industries, Ltd., All-State Belting, LLC and Sempertrans.
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