Global Conveyor Belt Market, By Type (Heavy weight Conveyor Belt, Light Weight Conveyor Belt), By Ma

Published Date: | Report Code : MT1958292

X

A conveyor belt is a component of conveyor systems that offers controlled motion of materials from one location to another. It comprises of pulleys that maintain the belt rotating with an endless loop. The basic types of conveyor belts consist of light-weight, medium-weight, and heavy-weight conveyor belts industry depending on the type of conveyor belts carrying the item.

Growing demand from the power, mining, and manufacturing industries is the key factor driving the global conveyor belt market. These industries are majorly reliant on efficient techniques to increase their productivity. Another major key factor for the growing market is the demand for eco-friendly conveyor belts with self-cleaning properties, which tend to improve the operating costs of the industries. Increasing industrial development activities in emerging economies owing to major reforms made by respective governments is the prime factor driving the growth of the conveyor belt market over the forecast period.

In the cement industry, It is used to carry crushed limestone blocks, rocks, and for transportation of hot clinkers while providing excellent impact resistance and good flexibility. Rapid increasing urbanization and infrastructure development projects in developing nations, along with escalating building and construction activities due to high population growth will fuel the growth of the cement industry over the forecast period.

Key Factors Impacting Market Growth:

  • Rising demand from the mining industry

  • Storage & handling challenges of conveyor belt

  • Growth in the convenience food & beverage industry

  • Growing demand for material in the construction industry

  • Rising demand for material handling in the automation industry

  • Increasing demand for steel cord conveyor belts in the market

Regional Analysis:

By region,  conveyor belt market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes the US, Canada, and Mexico. The US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor to the US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, the UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for conveyor belts market.

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. Besides, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the conveyor belt market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Bridgestone Corporation, ContiTech AG, Fenner Dunlop, Bando Chemicals, Forbo, Ammeraal Beltech, The Yokohama Rubber, Nitta Corporation, Sempertrans, and Zhejiang Double Arrow Rubber...

Market Segmentation:

By Type:

  • Heavy Weight Conveyor Belt

  • Light Weight Conveyor Belt

By Material:

  • Metal

  • Polymer

By Product:

  • Flat Belt

  • Modular Belt

  • Cleated Belt

By Installation:

  • Portable

  • Stationary

By End-Use Industry:

  • Mining

  • Industrial

  • Construction

  • Agriculture

  • Logistics/warehousing

  • Food Production Industry

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Material

    • By Product

    • By Installation

    • By End-Use Industry

Reasons to Buy This Report:

  • Market size estimation of the global Conveyor belts market on a regional and global basis

  • Unique research Usage for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

For more information, contact: [email protected]

License Offering

Single User (PDF)

3850

Multi User (PDF)

5150

Enterprise User (PDF)

7650

Get Regional Report USD 2000 Only

Your personal details are secure. Privacy Policy

Buy Chapters of Sections

Avail customized purchase options to meet your exact research needs.

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities
Detailed Coverage

Detailed scope covering all the major segments in the market

Meticulous Data Validations

In line data validations to ensure data precision

Recommendations

Market recommendations supporting decision making processes

Analyst Support

Round the clock analyst support to resolve your queries

Free Customization

Up to 15% additional free customization to meet your specific requirements

15% Free Customization

Share your Requirements

Questions?  Speak to an Analyst

Your personal details are secure. Privacy Policy