Global Conveyor Belts Market Growth 2023-2029

Global Conveyor Belts Market Growth 2023-2029

Conveyer belts are primarily employed for carrying objects, from one point to another. The belts typically comprise two or more pulleys to rotate a belt in continuous circles. The material to be transported in placed on the belt and is carried to the end point on the belt. Commonly, two pulleys are employed for functioning of one conveyor belt one of the pulleys is rotated and it drives the other pulley while it is rotating. The belts are generally used for transportation in close distances, generally within a building.

LPI (LP Information)' newest research report, the “Conveyor Belts Industry Forecast” looks at past sales and reviews total world Conveyor Belts sales in 2022, providing a comprehensive analysis by region and market sector of projected Conveyor Belts sales for 2023 through 2029. With Conveyor Belts sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Conveyor Belts industry.

This Insight Report provides a comprehensive analysis of the global Conveyor Belts landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Conveyor Belts portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Conveyor Belts market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Conveyor Belts and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Conveyor Belts.

The global Conveyor Belts market size is projected to grow from US$ 8275 million in 2022 to US$ 9899.3 million in 2029; it is expected to grow at a CAGR of 9899.3 from 2023 to 2029.

Global Conveyor Belts key players include Continental AG, Bridgestone, Fenner, etc. Global top three manufacturers hold a share about 30%.

China is the largest market, with a share over 30%, followed by Europe, and North America, both have a share over 45 percent.

In terms of product, Heavy weight Conveyer Belt is the largest segment, with a share about 85%. And in terms of application, the largest application is Mining, followed by Logistics or warehousing, Industrial, Food Production Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Conveyor Belts market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Heavy weight Conveyer Belt

Light Weight Conveyer Belt

Segmentation by application

Mining

Industrial

Food Production Industrial

Agriculture

Logistics or warehousing

Construction

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Continental AG

Bridgestone

Habasit

Ammeraal Beltech

Forbo Movement Systems

Fenner

Yokohama

Intralox

Zhejiang Double Arrow

Bando

Mitsuboshi Belting

Baoding Huayue

Zhejiang Sanwei

YongLi

Shandong Phoebus

Wuxi Boton

Zhangjiagang Huashen

HSIN YUNG

Fuxin Shuangxiang

Anhui Zhongyi

QingDao Rubber Six

Hebei Yichuan

Smiley Monroe

Key Questions Addressed in this Report

What is the 10-year outlook for the global Conveyor Belts market?

What factors are driving Conveyor Belts market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Conveyor Belts market opportunities vary by end market size?

How does Conveyor Belts break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.