Belt Conveyor Pulley Market Forecasts to 2030 – Global Analysis By Material (Stainless Steel, Steel, Aluminum, Plastic and Other Materials), Type, Load Capacity, Application, End User and By Geography

Belt Conveyor Pulley Market Forecasts to 2030 – Global Analysis By Material (Stainless Steel, Steel, Aluminum, Plastic and Other Materials), Type, Load Capacity, Application, End User and By Geography

According to Stratistics MRC, the Global Belt Conveyor Pulley Market is accounted for $5.4 billion in 2023 and is expected to reach $8.6 billion by 2030 growing at a CAGR of 6.9% during the forecast period. A cylindrical mechanical device called a belt conveyor pulley is used to adjust the direction and tension of a conveyor belt. It is frequently installed at the endpoints of conveyor systems or at predetermined intervals throughout their length. These pulleys are essential to the functioning of belt conveyors, which are frequently employed in a variety of industries to move packages, bulk materials, or other items from one location to another. These pulleys are frequently fitted with features like lagging to enhance traction and lessen belt slippage. They are generally built from materials like steel or stainless steel to give strength and endurance.

According to a 2022 UNCTAD report, urbanization in developing economies such as Asia and Oceania have reached 50%, further driving the need for advanced conveyor systems.

Market Dynamics:

Driver:

Increased demand for belt conveyor pulley

Conveyor systems are increasingly needed in distribution centers and warehouses to help with the flow of items as a result of e-commerce's explosive expansion. Many companies invest in conveyor systems to improve efficiency and reduce manual handling. Such investments can lead to increased demand for pulleys. Manufacturers could spend money on R&D to enhance the effectiveness and calibre of conveyor pulleys as demand rises. This might result in technical developments that help enterprises by offering more dependable and affordable solutions. This is the element fueling the market's expansion.

Restraint:

Environmental concerns

Conveyor system dust and particulate matter may be a problem for the environment, especially in bulk material handling and mining. The operation of belt conveyor systems requires energy. Electricity is used by the motors that turn the belts and pulleys, and this energy use adds to the environmental footprint overall, especially if the energy source is not efficient or sustainable. Pulleys and other conveyor systems may make a lot of noise, which can be disruptive in industrial environments. These are the factors preventing the market from expanding.

Opportunity:

Maintenance and replacement

Pulleys that are well-designed are frequently simple to repair and replace when necessary. Because of the decrease in downtime and maintenance expenses, conveyor systems become more affordable. By lowering energy consumption, eliminating belt wear, and assuring a smooth, dependable operation, properly built and maintained pulleys help to increase the conveyor system's overall efficiency. Additionally, superior pulleys aid in lowering conveyor system noise levels, creating a quieter and more comfortable working environment. Therefore, these are the elements driving the market's expansion.

Threat:

High initial cost

High-quality pulley purchases may be a bit costly, particularly for big conveyor systems. For enterprises, these upfront capital expenses might represent a sizable investment. Failure of the pulleys or pulley parts in a conveyor system can cause a halt in production or material handling activities. Downtime can lead to lost income and productivity. Energy is needed to power a conveyor system, including the pulleys, in order to transport items. Particularly for big, high-capacity systems, energy expenses may build up and have an influence on the entire cost of operation. These are the elements limiting the market's expansion.

Covid-19 Impact:

The market has seen a range of effects from the COVID-19 epidemic. On the one hand, the market saw a slowdown as a result of the supply chain disruptions and temporary stoppage of production operations. During the pandemic, many industries cut back on capital spending, which had an impact on the need for conveyor belts. However, the industry also saw a surge in demand from sectors that are crucial to society, such the food and pharmaceutical industries, which required continuous material handling. The conveyor belt industry is anticipated to pick up steam as economies rebound and businesses restart production, spurred by the demand for effective and automated material handling solutions.

The drum pulley segment is expected to be the largest during the forecast period

The drum pulley segment is expected to be the largest during the forecast period. Drum pulleys are utilized for light to medium-duty applications in a variety of sectors, including food and beverage, chemical, pharmaceuticals, and mining. Usually, stainless steel, aluminium, or steel is used to make the drum pulleys. With addition, they feature a surface that is either smooth or grooved and aids with belt grip. Additionally, the product offers advantages including minimal maintenance costs, lower energy consumption, and high operational efficiency, all of which are anticipated to fuel market demand throughout the course of the projection year.

The food & beverage segment is expected to have the highest CAGR during the forecast period

The food & beverage segment is expected to have the highest CAGR during the forecast period. Demand for convenience foods is increasing as the working class in emerging nations grows. The ovens, chilling stations, and packing rooms all use conveyor systems to move food through them. The population is expanding quickly, there is a growing demand for packaged foods, and there is an increasing need to automate production processes to save manual labor and increase productivity.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Conveyor systems are increasingly being used in a variety of sectors to move products and boost overall productivity. Belt improvements in terms of composition and form, as well as the dominance of major producers, are significant market growth drivers. Due to a rise in end-user product demand, industries including manufacturing and the automobile industry are developing dramatically throughout the region.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. The advent of e-commerce and urbanization, which call for simplified logistics, also contribute to this surge in demand for effective material handling systems. Favorable government programs, including infrastructure expenditures and economic development policies, are also anticipated to fuel the growth of companies dependent on conveyor belts, making this area a very attractive center for market expansion.

Key players in the market

Some of the key players in Belt Conveyor Pulley Market include Rexnord, Van Gorp Corporation, Bosworth, FEI Conveyors, Baldor, Vanderlande Industries B.V., Emerson Electric Co., Daifuku Co. Ltd., William Hardill Sons & Company, Somi Conveyor Beltings Ltd., Dura-Belt, Inc., Intralox, RULMECA Group, MiniTec Automation, Siemens AG, Interroll Holding GmbH, TGW Logistics Group and Zhejiang Double.

Key Developments:

In January 2023, Siemens Logistics has announced that it supplies new baggage handling system at Austin-Bergstrom International Airport, USA. For this, the company supply a new mainline belt conveyor, sortation via high speed diverters, and vertical sorters.

In June 2021, Siemens introduced new baggage handling system for airports. Siemens Logistics has developed a new belt conveyor, VarioBelt TilterPlus, for moving baggage at airports.

Materials Covered:
• Stainless Steel
• Steel
• Aluminum
• Plastic
• Other Materials

Types Covered:
• Drive Pulley
• Bend Pulley
• Snub Pulley
• Wing Pulley
• Magnetic Pulley
• Turbine Pulley
• Ceramic Pulley
• Spiral Pulley
• Drum Pulley
• Tail Pulley
• Motorized Pulley
• Other Types

Load Capacities Covered:
• Medium
• Heavy
• Light

Applications Covered:
• Coal Mines
• Food Processing
• Manufacturing
• Logistics & Material Handling
• Pulp & Paper Industry
• Cement Industry
• Unit Packaging
• Sand and Gravel Quarries
• Other Applications

End Users Covered:
• Food & Beverage
• Pharmaceutical
• Automotive
• Aerospace
• Construction
• Mining
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements