According to Stratistics MRC, the Global Conveyor Belt Market is accounted for $4.49 billion in 2020 and is expected to reach $6.79 billion by 2028 growing at a CAGR of 5.3% during the forecast period. Rising industrial development activities and growing demand from the power generation, mining, and manufacturing industries are driving the market growth. However, high capital investment for setting manufacturing facility and maintenance costs are hampering the growth of the market.
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Based on the installation, the stationary segment is going to have lucrative growth during the forecast period as stationary conveyor belts are widely used in many industries to transport a wide variety of bulk materials over short and long distances in a cost-effective manner and also these belts have stable performance, lower cost, and are used to convey various materials. By geography, Asia Pacific is going to have high growth during the forecast period owing to the rapid industrialization, rising demand for conveyor belts in various industries, coupled with increasing government initiatives and funding in countries such as India and China.
Some of the key players profiled in the Conveyor Belt Market include Zhejiang Double Arrow Rubber Co., Ltd., Yokohama Rubber Company, Techniks CNC Machine Tooling, Siban Peosa SA, Bridgestone, ContiTech, Nitta Corporation, MRF, Intralox, Fenner, Elcon Elastomers Pvt. Ltd., Continental Belting Private Limited, S.I.G. Societa’ Italiana Gomma (S.P.A.), Bando Chemical Industries, Ltd., All-State Belting, LLC and Sempertrans.
Conveyor Types Covered:
• Tri-Planar
• Roller
• Belt
• Overhead
• Floor
• Crescent
• Pallet
• Bucket
• Cable
Materials Covered:
• Metal
• Polymer
Products Covered:
• Modular Belt
• Flat Belt
• Cleated Belt
Installations Covered:
• Stationary
• Portable
Conveyor Modules Covered:
• Sorting Modules
• Curved Belt Conveyors
• Singualtion Modules
• Telescopic Conveyor/Booms
• Specialty Belt Conveyors
Covers Covered:
• Oil-Resistant Conveyor Belt
• Heat- and Flame-Resistant Conveyor
• Conductive Conveyor Belt
• Abrasion-Resistant Conveyor
Applications Covered:
• Light-Weight
• Medium-Weight
• Heavy-Weight
End Users Covered:
• Supply Chain
• Automated Assembly Line
• Retail
• Chemicals, Oils and Gases
• Power Generation
• Industrial
• Construction
• Mining and Metallurgy
• Logistics/Warehousing
• Ports
• General Manufacturing
• Food & Beverage
• Distribution
• Automotive
• Poultry & Dairy
• Recycling and Scrap Handling
• Cement
• Aviation
• Courier and Parcel
• Steel
• Agriculture
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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