Global Conveyor Belt Market Size study & Forecast, by Belt Type (Light-weight, Medium-weight, Heavy-weight), by Installation Type (Overhead, Floor), by End User (Retail, Food and Beverage, Automotive, Manufacturing, Transport and Logistics, Others) and Re

Global Conveyor Belt Market Size study & Forecast, by Belt Type (Light-weight, Medium-weight, Heavy-weight), by Installation Type (Overhead, Floor), by End User (Retail, Food and Beverage, Automotive, Manufacturing, Transport and Logistics, Others) and Regional Analysis, 2023-2030

Global Conveyor Belt Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Conveyor belt is a continuous loop of material that rotates around two or more pulleys, often driven by an electric motor. It is mostly used to transport goods and materials from one place to another within a facility or between different locations. Conveyor belts are versatile and widely used in various industries due to their efficiency, reliability, and ability to handle a wide range of materials. Moreover, the growing manufacturing sector, rising need in the mining industry, and growing number of automated warehouses that are anticipated to create a lucrative demand for the market during the forecast period 2023-2030.

Additionally, the growing manufacturing sector significantly supports the growth of the Conveyor Belt Market. The manufacturing sector's growth often corresponds with increased production volumes. Conveyor belts are vital for efficiently handling the transportation of raw materials, components, and finished goods within manufacturing facilities. They help streamline the production process, reduce manual handling, and enhance overall operational efficiency. According to The World Bank, in 2020, the manufacturing value added in the United States was USD 2.24 trillion and in 2021 the number reached USD 2.5 trillion. As a result, the growing manufacturing sectors in the country are anticipated to create a lucrative demand for the market. Moreover, the rise in the number of small-scale industries, and growing industrialization is anticipated to create lucrative opportunities for the market. However, the government restrictions on rubber products and safety concerns associated with conveyor belts stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Conveyor Belt Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing trend toward industrial automation, the rise of e-commerce, the growing expansion of the manufacturing sector, and ongoing infrastructure development projects, including the construction of airports, warehouses, and distribution centers, contributing to the demand for conveyor belts. Whereas, the Asia Pacific is expected to grow with the fastest growth rate over the forecast period, owing to factors such as the growing food and beverage industry, increasing demand in mining sectors, and growing focus on efficiency and automation.

Major market player included in this report are:
Continental Belting Pvt. Ltd.
Trenn- und Sortiertechnik GmbH
Elcon Elastomers Pvt. Ltd.
Bridgestone Corporation
Huanan Xinhai (Shenzhen) Technology Co., Ltd.
Volta Belting Technology
Michelin Group (Fenner Conveyors)
Bando Chemical Industries, Ltd.
The Yokohama Rubber Co., Ltd.
SIG Societ Italiana Gomma S.p.A.

Recent Developments in the Market:
 In July 2022, Wuxi Boton Belt Co., Ltd, a Chinese company, introduced the world's inaugural carbon-neutral conveyor belts. These innovative belts are set to be deployed in an exclusive project for delivery to BHP's Spence copper mine in Chile.

Global Conveyor Belt Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Belt Type, Installation Type, End User, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Belt Type:
Light-weight
Medium-weight
Heavy-weight

By Installation Type:
Overhead
Floor

By End User:
Retail
Food and Beverage
Automotive
Manufacturing
Transport and Logistics
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.