Conveyor Belt Market
PUBLISHED: 2021 ID: SMRC20645
SHARE
SHARE

Conveyor Belt Market

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

4.4 (15 reviews)
4.4 (15 reviews)
Published: 2021 ID: SMRC20645

This report covers the impact of COVID-19 on this global market
Loading...

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.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 4.49 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

5.3%

Predicted 2028 Value:

USD 6.79 billion

Forecast Years:

2021-2028

Tables, Graphs & Figures

417

Chapters Covered:

Conveyor Type, Material, Product, Installation, Conveyor Module, Cover, Application, End User and Region

Core Drivers and Opportunities:

  • Growing demand from the power generation, mining, and manufacturing industries
  • Rising industrial development activities
  • Rapid urbanization and infrastructure development projects

Restraining Factors & Market Threats:

  • High capital investment for setting manufacturing facility
  • Maintenance costs


Conveyor Types Covered:
• Tri-Planar
• Roller
• Belt
• Overhead
• Floor
• Crescent
• Pallet
• Bucket
• Cable

Materials Covered:
• Metal
• Polymer   

Products Covered:
• Modular Belt
• Flat Belt
• Cleated Belt  

Installations Covered:
• Stationary
• Portable

Conveyor Modules Covered:
• Sorting Modules
• Curved Belt Conveyors
• Singualtion Modules
• Telescopic Conveyor/Booms
• Specialty Belt Conveyors  

Covers Covered:
• Oil-Resistant Conveyor Belt
• Heat- and Flame-Resistant Conveyor
• Conductive Conveyor Belt
• Abrasion-Resistant Conveyor

Applications Covered:
• Light-Weight
• Medium-Weight
• Heavy-Weight

End Users Covered:
• Supply Chain 
• Automated Assembly Line 
• Retail 
• Chemicals, Oils and Gases 
• Power Generation 
• Industrial 
• Construction 
• Mining and Metallurgy  
• Logistics/Warehousing 
• Ports 
• General Manufacturing 
• Food & Beverage 
• Distribution 
• Automotive 
• Poultry & Dairy 
• Recycling and Scrap Handling 
• Cement 
• Aviation 
• Courier and Parcel 
• Steel 
• Agriculture  

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 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.

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 Product Analysis           
 3.7 Application Analysis          
 3.8 End User Analysis           
 3.9 Emerging Markets           
 3.10 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 Conveyor Belt Market, By Conveyor Type         
 5.1 Introduction           
 5.2 Tri-Planar           
 5.3 Roller            
 5.4 Belt            
 5.5 Overhead           
 5.6 Floor             
 5.7 Crescent            
 5.8 Pallet            
 5.9 Bucket            
 5.10 Cable            
              
6 Global Conveyor Belt Market, By Material         
 6.1 Introduction           
 6.2 Metal            
 6.3 Polymer            
  6.3.1 Polyvinyl Chloride (PVC)          
  6.3.2 Polyethylene (PE)          
  6.3.3 Polyester           
  6.3.4 Nylon           
  6.3.5 All Thermoplastics          
   6.3.5.1 Thermoplastic Polyester Elastomer (TPEE)       
   6.3.5.2 Thermoplastic Polyurethane (TPU)        
  6.3.6 Rubber-based Belts          
   6.3.6.1 Fabric-Reinforced Rubber         
   6.3.6.2 Synthetic Rubbers         
  6.3.7 Aramid Fibers          
  6.3.8 Plastic           
              
7 Global Conveyor Belt Market, By Product         
 7.1 Introduction           
 7.2 Modular Belt           
 7.3 Flat Belt            
 7.4 Cleated Belt           
              
8 Global Conveyor Belt Market, By Installation         
 8.1 Introduction           
 8.2 Stationary           
 8.3 Portable            
              
9 Global Conveyor Belt Market, By Conveyor Module         
 9.1 Introduction           
 9.2 Sorting Modules           
 9.3 Curved Belt Conveyors          
 9.4 Singualtion Modules           
 9.5 Telescopic Conveyor/Booms          
 9.6 Specialty Belt Conveyors          
  9.6.1 Timing           
  9.6.2 Diverting           
              
10 Global Conveyor Belt Market, By Cover          
 10.1 Introduction           
 10.2 Oil-Resistant Conveyor Belt          
 10.3 Heat- and Flame-Resistant Conveyor         
 10.4 Conductive Conveyor Belt          
 10.5 Abrasion-Resistant Conveyor          
              
11 Global Conveyor Belt Market, By Application         
 11.1 Introduction           
 11.2 Light-Weight           
 11.3 Medium-Weight           
 11.4 Heavy-Weight           
              
12 Global Conveyor Belt Market, By End User         
 12.1 Introduction           
 12.2 Supply Chain           
 12.3 Automated Assembly Line          
 12.4 Retail            
 12.5 Chemicals, Oils and Gases          
 12.6 Power Generation           
 12.7 Industrial            
 12.8 Construction           
 12.9 Mining and Metallurgy           
 12.10 Logistics/Warehousing          
 12.11 Ports            
 12.12 General Manufacturing          
 12.13 Food & Beverage           
 12.14 Distribution           
 12.15 Automotive           
 12.16 Poultry & Dairy           
 12.17 Recycling and Scrap Handling           
 12.18 Cement            
 12.19 Aviation            
 12.20 Courier and Parcel           
 12.21 Steel            
 12.22 Agriculture           
              
13 Global Conveyor Belt Market, By Geography         
 13.1 Introduction            
 13.2 North America           
  13.2.1 US           
  13.2.2 Canada           
  13.2.3 Mexico           
 13.3 Europe            
  13.3.1 Germany           
  13.3.2 UK           
  13.3.3 Italy           
  13.3.4 France           
  13.3.5 Spain           
  13.3.6 Rest of Europe          
 13.4 Asia Pacific           
  13.4.1 Japan           
  13.4.2 China           
  13.4.3 India           
  13.4.4 Australia           
  13.4.5 New Zealand          
  13.4.6 South Korea           
  13.4.7 Rest of Asia Pacific          
 13.5 South America           
  13.5.1 Argentina          
  13.5.2 Brazil           
  13.5.3 Chile           
  13.5.4 Rest of South America         
 13.6 Middle East & Africa          
  13.6.1 Saudi Arabia          
  13.6.2 UAE           
  13.6.3 Qatar           
  13.6.4 South Africa          
  13.6.5 Rest of Middle East & Africa         
              
14 Key Developments            
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 14.2 Acquisitions & Mergers          
 14.3 New Product Launch          
 14.4 Expansions           
 14.5 Other Key Strategies          
              
15 Company Profiling            
 15.1 Zhejiang Double Arrow Rubber Co., Ltd.         
 15.2 Yokohama Rubber Company          
 15.3 Techniks CNC Machine Tooling         
 15.4 Siban Peosa SA           
 15.5 Bridgestone           
 15.6 ContiTech           
 15.7 Nitta Corporation           
 15.8 MRF            
 15.9 Intralox            
 15.10 Fenner            
 15.11 Elcon Elastomers Pvt. Ltd.          
 15.12 Continental Belting Private Limited         
 15.13 S.I.G. Societa' Italiana Gomma (S.P.A.)         
 15.14 Bando Chemical Industries, Ltd.         
 15.15 All-State Belting, LLC          
 15.16 Sempertrans           


List of Tables             
1 Global Conveyor Belt Market Outlook, By Region (2019-2028) ($MN)       
2 Global Conveyor Belt Market Outlook, By Conveyor Type (2019-2028) ($MN)      
3 Global Conveyor Belt Market Outlook, By Tri-Planar (2019-2028) ($MN)       
4 Global Conveyor Belt Market Outlook, By Roller (2019-2028) ($MN)       
5 Global Conveyor Belt Market Outlook, By Belt (2019-2028) ($MN)       
6 Global Conveyor Belt Market Outlook, By Overhead (2019-2028) ($MN)       
7 Global Conveyor Belt Market Outlook, By Floor (2019-2028) ($MN)       
8 Global Conveyor Belt Market Outlook, By Crescent (2019-2028) ($MN)       
9 Global Conveyor Belt Market Outlook, By Pallet (2019-2028) ($MN)       
10 Global Conveyor Belt Market Outlook, By Bucket (2019-2028) ($MN)       
11 Global Conveyor Belt Market Outlook, By Cable (2019-2028) ($MN)       
12 Global Conveyor Belt Market Outlook, By Material (2019-2028) ($MN)        
13 Global Conveyor Belt Market Outlook, By Metal (2019-2028) ($MN)       
14 Global Conveyor Belt Market Outlook, By Polymer (2019-2028) ($MN)       
15 Global Conveyor Belt Market Outlook, By Polyvinyl Chloride (PVC) (2019-2028) ($MN)     
16 Global Conveyor Belt Market Outlook, By Polyethylene (PE) (2019-2028) ($MN)      
17 Global Conveyor Belt Market Outlook, By Polyester (2019-2028) ($MN)       
18 Global Conveyor Belt Market Outlook, By Nylon (2019-2028) ($MN)       
19 Global Conveyor Belt Market Outlook, By All Thermoplastics (2019-2028) ($MN)      
20 Global Conveyor Belt Market Outlook, By Rubber-based Belts (2019-2028) ($MN)      
21 Global Conveyor Belt Market Outlook, By Aramid Fibers (2019-2028) ($MN)      
22 Global Conveyor Belt Market Outlook, By Plastic (2019-2028) ($MN)       
23 Global Conveyor Belt Market Outlook, By Product (2019-2028) ($MN)       
24 Global Conveyor Belt Market Outlook, By Modular Belt (2019-2028) ($MN)      
25 Global Conveyor Belt Market Outlook, By Flat Belt (2019-2028) ($MN)       
26 Global Conveyor Belt Market Outlook, By Cleated Belt (2019-2028) ($MN)      
27 Global Conveyor Belt Market Outlook, By Installation (2019-2028) ($MN)       
28 Global Conveyor Belt Market Outlook, By Stationary (2019-2028) ($MN)       
29 Global Conveyor Belt Market Outlook, By Portable (2019-2028) ($MN)       
30 Global Conveyor Belt Market Outlook, By Conveyor Module (2019-2028) ($MN)      
31 Global Conveyor Belt Market Outlook, By Sorting Modules (2019-2028) ($MN)      
32 Global Conveyor Belt Market Outlook, By Curved Belt Conveyors (2019-2028) ($MN)     
33 Global Conveyor Belt Market Outlook, By Singualtion Modules (2019-2028) ($MN)      
34 Global Conveyor Belt Market Outlook, By Telescopic Conveyor/Booms (2019-2028) ($MN)     
35 Global Conveyor Belt Market Outlook, By Specialty Belt Conveyors (2019-2028) ($MN)     
36 Global Conveyor Belt Market Outlook, By Timing (2019-2028) ($MN)       
37 Global Conveyor Belt Market Outlook, By Diverting (2019-2028) ($MN)       
38 Global Conveyor Belt Market Outlook, By Cover (2019-2028) ($MN)       
39 Global Conveyor Belt Market Outlook, By Oil-Resistant Conveyor Belt (2019-2028) ($MN)     
40 Global Conveyor Belt Market Outlook, By Heat- and Flame-Resistant Conveyor (2019-2028) ($MN)    
41 Global Conveyor Belt Market Outlook, By Conductive Conveyor Belt (2019-2028) ($MN)     
42 Global Conveyor Belt Market Outlook, By Abrasion-Resistant Conveyor (2019-2028) ($MN)     
43 Global Conveyor Belt Market Outlook, By Application (2019-2028) ($MN)       
44 Global Conveyor Belt Market Outlook, By Light-Weight (2019-2028) ($MN)      
45 Global Conveyor Belt Market Outlook, By Medium-Weight (2019-2028) ($MN)      
46 Global Conveyor Belt Market Outlook, By Heavy-Weight (2019-2028) ($MN)      
47 Global Conveyor Belt Market Outlook, By End User (2019-2028) ($MN)       
48 Global Conveyor Belt Market Outlook, By Supply Chain (2019-2028) ($MN)      
49 Global Conveyor Belt Market Outlook, By Automated Assembly Line (2019-2028) ($MN)     
50 Global Conveyor Belt Market Outlook, By Retail (2019-2028) ($MN)       
51 Global Conveyor Belt Market Outlook, By Chemicals, Oils and Gases (2019-2028) ($MN)     
52 Global Conveyor Belt Market Outlook, By Power Generation (2019-2028) ($MN)      
53 Global Conveyor Belt Market Outlook, By Industrial (2019-2028) ($MN)       
54 Global Conveyor Belt Market Outlook, By Construction (2019-2028) ($MN)      
55 Global Conveyor Belt Market Outlook, By Mining and Metallurgy (2019-2028) ($MN)     
56 Global Conveyor Belt Market Outlook, By Logistics/Warehousing (2019-2028) ($MN)     
57 Global Conveyor Belt Market Outlook, By Ports (2019-2028) ($MN)       
58 Global Conveyor Belt Market Outlook, By General Manufacturing (2019-2028) ($MN)     
59 Global Conveyor Belt Market Outlook, By Food & Beverage (2019-2028) ($MN)      
60 Global Conveyor Belt Market Outlook, By Distribution (2019-2028) ($MN)      
61 Global Conveyor Belt Market Outlook, By Automotive (2019-2028) ($MN)      
62 Global Conveyor Belt Market Outlook, By Poultry & Dairy (2019-2028) ($MN)      
63 Global Conveyor Belt Market Outlook, By Recycling and Scrap Handling (2019-2028) ($MN)     
64 Global Conveyor Belt Market Outlook, By Cement (2019-2028) ($MN)       
65 Global Conveyor Belt Market Outlook, By Aviation (2019-2028) ($MN)       
66 Global Conveyor Belt Market Outlook, By Courier and Parcel (2019-2028) ($MN)      
67 Global Conveyor Belt Market Outlook, By Steel (2019-2028) ($MN)       
68 Global Conveyor Belt Market Outlook, By Agriculture (2019-2028) ($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


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

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials