North America Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America conveyor belt market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America conveyor belt market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product type and end-use.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Product Type
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Market by End-Use
Mining and Metallurgy
Manufacturing
Chemicals, Oils and Gases
Aviation
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report
1. What was the size of the North America conveyor belt market in 2022?
2. What is the expected growth rate of the North America conveyor belt market during 2023-2028?
3. What has been the impact of COVID-19 on the North America conveyor belt market?
4. What are the key factors driving the North America conveyor belt market?
5. What is the breakup of the North America conveyor belt market based on the product type?
6. What is the breakup of the North America conveyor belt market based on the end-use?
7. What are the key regions in the North America conveyor belt market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Conveyor Belt Market
- 5.1 Market Performance
- 5.2 Market Breakup by Product Type
- 5.3 Market Breakup by End-Use
- 5.4 Market Breakup by Region
- 5.5 Market Forecast
- 6 North America Conveyor Belt Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
- 7 North America Conveyor Belt Market: Breakup by Product Type
- 7.1 Medium-Weight Conveyor Belt
- 7.2 Light-Weight Conveyor Belt
- 7.3 Heavy-Weight Conveyor Belt
- 8 North America Conveyor Belt Market: Breakup by End-Use
- 8.1 Mining and Metallurgy
- 8.2 Manufacturing
- 8.3 Chemicals, Oils and Gases
- 8.4 Aviation
- 8.5 Others
- 9 North America Conveyor Belt Market: Breakup by Country
- 9.1 United States
- 9.1.1 Historical Market Trends
- 9.1.2 Market Breakup by Product Type
- 9.1.3 Market Breakup by End-Use
- 9.1.4 Market Forecast
- 9.2 Canada
- 9.2.1 Historical Market Trends
- 9.2.2 Market Breakup by Product Type
- 9.2.3 Market Breakup by End-Use
- 9.2.4 Market Forecast
- 9.3 Mexico
- 9.3.1 Historical Market Trends
- 9.3.2 Market Breakup by Product Type
- 9.3.3 Market Breakup by End-Use
- 9.3.4 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 11.1 Overview
- 11.2 Research and Development
- 11.3 Raw Material Procurement
- 11.4 Manufacturing
- 11.5 Distribution
- 11.6 Export
- 11.7 End-Use
- 12 Porter’s Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Rivalry
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
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