Global Conveyor and Drive Belt Market Growth (Status and Outlook) 2023-2029

Global Conveyor and Drive Belt Market Growth (Status and Outlook) 2023-2029

The Conveyor belt is an endless band that transfers the material conveyed between two points. A conveyor belt is comprised of a reinforced member, or carcass, and a protective covering. Conveyor belts are generally a composite of rubber or some elastomer such as PVC and fabric or some other reinforcement. The elastomer is the external covering which provides wear ability and protection from the handling environment. The fabric carcass internally serves as the strength bearing member for supporting the load and to control stretching of the belt.

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

This Insight Report provides a comprehensive analysis of the global Conveyor and Drive Belt 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 and Drive Belt portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Conveyor and Drive Belt market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Conveyor and Drive Belt 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 and Drive Belt.

The global Conveyor and Drive Belt market size is projected to grow from US$ 13970 million in 2022 to US$ 16830 million in 2029; it is expected to grow at a CAGR of 2.7% from 2023 to 2029.

Global Conveyor and Drive Belt key players include ContiTech AG, Gates, Partners Group, Habasit, Mitsuboshi, etc. Global top five players hold a share about 40%.

Asia-Pacific is the largest market, with a share about 35%, followed by Europe and North America, having a total share about 50 percent.

In terms of product, Conveyor Belt is the largest segment, with a share about 60%. And in terms of application, the largest application is Industrial, followed by Mining, Logistics(Warehousing), Automotive, etc.

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

Market Segmentation:

Segmentation by type

Conveyor Belt

Drive Belt

Segmentation by application

Mining

Industrial

Logistics(Warehousing)

Automotive

Others

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.

ContiTech AG

Gates

Partners Group

Habasit

Mitsuboshi

Intralox

Forbo Movement Systems

Bando Chemical Industries, Ltd.

Nitta

Dayco

SANLUX

YongLi

CHIORINO

Wuxi Shun Sheng

Jiangyin TianGuang

Sparks

Esbelt

Volta Belting

MärtensTransportbänder

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