Belt Loader Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Belt Loader Market
The global belt loader market size was valued at USD 1.18 billion in 2022, and the market is now projected to grow from USD 1.38 billion in 2023 to USD 2.46 billion by 2030, exhibiting a CAGR of 8.56% during the forecast period 2023-2030.
The global aircraft manufacturing industry was worst hit during the COVID 19 pandemic owing to the lockdown and other restrictions that hampered the supply chain. Since there were no airport activities due to the COVID-19 crisis, it negatively impacted the global belt loader market growth.
A belt loader is categorized under ground support equipment that makes it convenient to load and unload the luggage or cargo into or out of an aircraft. Surging adoption of self-propelled belt loaders that can function without any external labor or even a manual along with rising air passenger traffic due to post pandemic leniency are the major factors expected to drive the global belt loader market share.
The rise in R&D for coming up with eco-friendly and sustainable belt loaders and other ground support equipment is the latest trend in the market. This is expected to positively boost the marketplace share. This sustainability program is linked with the government’s effort to reduce the carbon emissions in aviation industry.
Comprehensive Analysis of Belt Loader Market
The Belt loader marketplace is growing significantly due to its market segmentation. These market segmentations are further bifurcated into ownership analysis, system analysis, weight analysis, and region. As per the ownership analysis, the new deliveries segment captures major marketplace share. Electric system segment under the system analysis is expected to give the highest CAGR during the forecast years. Whereas, 1000 – 5000 Kg segment dominates the weight analysis.
Based on geographical analysis, the North American region dominates the global belt loader industry. It held the largest share of belt loader market, valued at USD 0.41 billion in 2022. The region’s industry is witnessing a rapidly growth owing to the presence of key market operators in the region. this has brought technological advancements along with numerous growth opportunities for the industry. the north America region is expected to give the highest CAGR during the forecast years (2022-2030).
The belt loader industry is categorized by dominating market players who are currently focusing into strategic partnerships, mergers and acquisitions in order to expand their current marketplace existence. These entities are also coming up with sustainable and eco-friendly as well as cost effective loaders to compete with the other players in the industry. These key players include, Aero Specialties Inc. (U.S.), Charlatte Manutention SA (France), Darmec Technologies Srl (Italy), ERSEL TECHNOLOGY (Turkey), FAST Global Solutions (WASP Inc.) (U.S.), JIANGSU TIANYI AVIATION INDUSTRY CORPORATION LIMITED (China), Sinfonia Technology Co. Ltd. (Japan), Textron Ground Support Equipment Inc. (U.S.), TLD Group (France), Weihai Guangtai Airport Equipment Co. Ltd. (China).
In October 2021, Textron Ground Support Equipment Inc. introduced 660Li Belt Loader as the latest addition into their belt loaders category. This is a high performance energy efficient, lithium ion electric alternative that will ensure a significantly low cost of operation.
Segmentation Table
Belt Loader Market Scope
Study Period 2020-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 8.56% from 2023 to 2027
Unit Value (USD Billion)
Segmentation By Ownership, By System, By Weight and Geography
By OwnershipNew Delivery
Resale
Lease/Rent
By System Self-Propelled
Electric
Towable
Diesel
Other
By Weight 0-1000 Kg
1000-5000 Kg
<5000 Kg
By Geography North America (Ownership, System, Weight, and Country)
- U.S. (By Ownership)
- Canada (By Ownership)
Europe (Ownership, System, Weight, and Country)
- U.K. (By Ownership)
- Germany (By Ownership)
- France (By Ownership)
- Russia (By Ownership)
- Rest of Europe (By Ownership)
Asia Pacific (Ownership, System, Weight, and Country)
- China (By Ownership)
- India (By Ownership)
- Japan (By Ownership)
- Australia (By Ownership)
- Rest of Asia Pacific (By Ownership)
Rest of the World (Ownership, System, Weight, and Country)
- Latin America (By Ownership)
- Middle East & Africa (By Ownership)
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