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With a CAGR of 5.9% between 2023 and 2030, the worldwide conveyor belt market is expected to expand from its 2022 valuation of $5.10 billion to $8.23 billion. Conveyors are a vital component of assembly lines, transporting raw materials and work-in-progress between stations. Conveyor belts are also used to move materials from one location to another in other settings, such as warehouses, baggage handling facilities, and the mining industry.
Conveyor belts are used to transport items of varying weights and dimensions. Conveyor belts are used in automated distribution centers, warehouses, factories, and production lines. The material handling and packaging industries heavily rely on conveyor systems due to their efficient and quick movement of a wide range of heavy and bulky products.
The rising industrialization, urbanization, and infrastructure investment in emerging economies are expected to drive market growth. The business is growing as a result of rising demand for packaged food items and increased building and construction activities brought on by rising population. Conveyor belt demand is rising due to growth in the airline industry and e-commerce. Because of its ability to cut down on both labor costs and turnaround times, conveyor belts are an integral part of automation systems in a wide variety of businesses. Conveyor belts are becoming increasingly important as businesses expand, as they improve productivity and decrease the amount of time it takes to transfer goods. The growth of the conveyor belt market is expected to be fueled by the aforementioned factors.
Conveyor belt demand is rising due to growth in the airline industry and e-commerce. Because of its ability to cut down on both labor costs and turnaround times, conveyor belts are an integral part of automation systems in a wide variety of businesses. The report, titled "Global Conveyor Belt Market," analyzes the industry as a whole. The research provides an in-depth examination of the market's most important subsegments, trends, drivers, restraints, competitive landscape, and other variables.
As the industrial sectors of rapidly developing countries like India, China, and others continue to expand, the conveyor belt market is expected to expand at a faster rate than previously anticipated over the forecast period. The increasing growth of warehouses and delivery centers at online retailers is also expected to boost demand for the products. Many industries rely on the accessibility of various minerals and commodities, and the belt conveyor system business is no exception.
Every industry that relies on moving products from one location to another uses conveyor belts, including the auto industry, airports, stores, factories, dairies, and restaurants. Conveyor systems have become commonplace throughout the years as a convenient and efficient means of transporting materials from one point to another, typically within the same structure. It's a great tool for factories that manufacture vast quantities of products or deal with bulky or dangerous materials.
In most factories across the world, a conveyor belt is an indiscernible piece of equipment. The market for conveyor belts has improved in recent years due to the growing demand from industries such as the pharmaceutical and consumer goods sectors as well as the electronics sector. The mining business has also benefited from the increased demand for commodities like coal and metals used in power plants, building materials, and other industrial applications. Increases in automated warehouses, spurred by the expansion of the online retail sector, are also helping the conveyor belts industry.
Governments everywhere are enacting new measures to foster the development of domestic industry, with the hope that doing so will boost their own economies. To help micro and small businesses, the Indian government has implemented several programs like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the Pradhan Mantri Mudra Yojna. The manufacturing sector in the country has been bolstered thanks to the success of such programs in encouraging the expansion of small and medium-sized enterprises during the past decade.
Report Coverage
Global Conveyor Belt research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Conveyor Belt report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Conveyor Belt competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Conveyor Belt market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Conveyor Belt market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Conveyor Belt market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE YOKOHAMA RUBBER CO., LTD., HUANAN XINHAI (SHENZHEN) TECHNOLOGY CO., LTD., Michelin Group (Fenner Conveyors), SIG Societ Italiana Gomma S.p.A., Trenn- und Sortiertechnik GmbH, Bridgestone Corporation, Elcon Elastomers Pvt. Ltd., Volta Belting Technology, Bando Chemical Industries, Ltd., Continental Belting Pvt. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Conveyor Belt market based on the below-mentioned segments:
Global Conveyor Belt Market, By Belt Type
Light-weight
Medium-weight
Heavy-weight
Global Conveyor Belt market, By Installation Type
Overhead
Floor
Global Conveyor Belt Market, By End User
Retail
Food and Beverage
Automotive
Manufacturing
Transport and Logistics
Others
Global Conveyor Belt market, Regional Analysis
Conveyor belts are used to transport items of varying weights and dimensions. Conveyor belts are used in automated distribution centers, warehouses, factories, and production lines. The material handling and packaging industries heavily rely on conveyor systems due to their efficient and quick movement of a wide range of heavy and bulky products.
The rising industrialization, urbanization, and infrastructure investment in emerging economies are expected to drive market growth. The business is growing as a result of rising demand for packaged food items and increased building and construction activities brought on by rising population. Conveyor belt demand is rising due to growth in the airline industry and e-commerce. Because of its ability to cut down on both labor costs and turnaround times, conveyor belts are an integral part of automation systems in a wide variety of businesses. Conveyor belts are becoming increasingly important as businesses expand, as they improve productivity and decrease the amount of time it takes to transfer goods. The growth of the conveyor belt market is expected to be fueled by the aforementioned factors.
Conveyor belt demand is rising due to growth in the airline industry and e-commerce. Because of its ability to cut down on both labor costs and turnaround times, conveyor belts are an integral part of automation systems in a wide variety of businesses. The report, titled "Global Conveyor Belt Market," analyzes the industry as a whole. The research provides an in-depth examination of the market's most important subsegments, trends, drivers, restraints, competitive landscape, and other variables.
As the industrial sectors of rapidly developing countries like India, China, and others continue to expand, the conveyor belt market is expected to expand at a faster rate than previously anticipated over the forecast period. The increasing growth of warehouses and delivery centers at online retailers is also expected to boost demand for the products. Many industries rely on the accessibility of various minerals and commodities, and the belt conveyor system business is no exception.
Every industry that relies on moving products from one location to another uses conveyor belts, including the auto industry, airports, stores, factories, dairies, and restaurants. Conveyor systems have become commonplace throughout the years as a convenient and efficient means of transporting materials from one point to another, typically within the same structure. It's a great tool for factories that manufacture vast quantities of products or deal with bulky or dangerous materials.
In most factories across the world, a conveyor belt is an indiscernible piece of equipment. The market for conveyor belts has improved in recent years due to the growing demand from industries such as the pharmaceutical and consumer goods sectors as well as the electronics sector. The mining business has also benefited from the increased demand for commodities like coal and metals used in power plants, building materials, and other industrial applications. Increases in automated warehouses, spurred by the expansion of the online retail sector, are also helping the conveyor belts industry.
Governments everywhere are enacting new measures to foster the development of domestic industry, with the hope that doing so will boost their own economies. To help micro and small businesses, the Indian government has implemented several programs like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) and the Pradhan Mantri Mudra Yojna. The manufacturing sector in the country has been bolstered thanks to the success of such programs in encouraging the expansion of small and medium-sized enterprises during the past decade.
Report Coverage
Global Conveyor Belt research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Conveyor Belt report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Conveyor Belt competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Conveyor Belt market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | THE YOKOHAMA RUBBER CO., LTD., HUANAN XINHAI (SHENZHEN) TECHNOLOGY CO., LTD., Michelin Group (Fenner Conveyors), SIG Societ Italiana Gomma S.p.A., Trenn- und Sortiertechnik GmbH, Bridgestone Corporation, Elcon Elastomers Pvt. Ltd., Volta Belting Technology, Bando Chemical Industries, Ltd., Continental Belting Pvt. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Conveyor Belt Market from 2021 to 2030.
- Market Forecast for Conveyor Belt Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Conveyor Belt competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Conveyor Belt
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Conveyor Belt market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Conveyor Belt market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
THE YOKOHAMA RUBBER CO., LTD., HUANAN XINHAI (SHENZHEN) TECHNOLOGY CO., LTD., Michelin Group (Fenner Conveyors), SIG Societ Italiana Gomma S.p.A., Trenn- und Sortiertechnik GmbH, Bridgestone Corporation, Elcon Elastomers Pvt. Ltd., Volta Belting Technology, Bando Chemical Industries, Ltd., Continental Belting Pvt. Ltd.
Primary Target Market
- Market Players of Conveyor Belt
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Conveyor Belt market based on the below-mentioned segments:
Global Conveyor Belt Market, By Belt Type
Light-weight
Medium-weight
Heavy-weight
Global Conveyor Belt market, By Installation Type
Overhead
Floor
Global Conveyor Belt Market, By End User
Retail
Food and Beverage
Automotive
Manufacturing
Transport and Logistics
Others
Global Conveyor Belt market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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