The global demand for Conveyor Belts Market is presumed to reach the market size of nearly USD 26.18 BN by 2030 from USD 12.93 BN in 2022 with a CAGR of 9.22% under the study period 2023 - 2030.
A conveyor belt is the transportation medium of a belt conveyor system. Conveyor belts are used to move objects of various light and heavy sizes from one location to another. Automated distribution, warehousing, manufacturing, and production facilities use conveyor belts. Conveyor belts are employed to transport large goods, saving time and reducing human requirements. Conveyor belts, used in coal-fired power plants for handling coal and transferring it to the furnace, are also used in the power generating sector.
Market Dynamics
Rising industrial development activities and fast urbanization and infrastructure development initiatives in emerging nations will likely drive market expansion. The market is growing due to increasing demand for packaged food goods and increasing building and construction activity due to population expansion. Conveyor belt demand is also being boosted by the aviation industry and the evolution of e-commerce. Conveyor belts are essential for automation systems in various sectors since they minimize operation time and cost. Conveyor belt demand is increasing as enterprises expand, as it improves operational efficiency and reduces the amount of time it takes to carry a product from one location to another. All the factors mentioned above are projected to bolster conveyor belts market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of conveyor belts. The growth and trends of conveyor belts industry provide a holistic approach to this study.
Market Segmentation
This section of the conveyor belts market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Light-Weight Conveyor Belts
- Medium-Weight Conveyor Belts
- Heavy-Weight Conveyor Belts
By End User
- Automotive Industries
- Airport
- Malls
- Food And Beverages Industries
- Goods Manufacturing Industries
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Conveyor Belts market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Conveyor Belts Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the conveyor belts market include Bando Chemical Industries, Bridgestone, ContiTech, Fenner, Yokohama, Goodyear, QingDao Rubber, Zhejiang Double Arrow. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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