Global conveyor belts market

Global conveyor belts market was valued at US$ 5.21 Bnin 2017 and is expected to reach US$ 6.99 Bn by 2026, at a CAGR of 3.74 % during the forecast period.

 

 

Conveyor belts ability to enhance the efficiency of the order-to-delivery cycle and rising need for rapid delivery and production techniques drives the global conveyor belts market. Growth is further augmented by an increase in automation in material handling, advancements made in technologies coupled with a surge in environmental concerns due to which eco-friendly conveyor systems are developed. Yet, the installation, repairing and maintaining costs of conveyor systems are enormously high owing to which small- and medium-sized industries have become increasingly disinclined to invest in the market.

 

Mining and metallurgy sector is the major end user of conveyor belts other important end userare the cement and steel industries, as well as ports and power plants.In 2017, mining and metallurgy segment dominated the market on account of increasing usage of conveyor belts for transporting various materials over short distances. The manufacturing segment is estimated as the second largest in the Conveyor Belts market. Conveyors used in the manufacturing industry are designed to withstand large workloads, extreme weather conditions, as well as motion in different directions and at odd angles.

 

Medium-weight conveyor belts represent the largest share owing to their vast load bearing capacity.Medium weight conveyor belts are mostly used in the food industry in the form of modular conveyors, with belts allowing for making curves, adaptability to processes and products, very simple maintenance and replacements.Medium-weight conveyor beltshave been used in retail industries as it helps to increase productivity, easily integrate with the company's existing automation system and work efficiently.

 

Metal-reinforced Rubber Conveyor Belts is leading segment by product type in the conveyor belt market. In the food industry, frames to be made in stainless steel, aluminium profiles and that the rest of components be non-poisonous and meet the FDA standards.Metal-reinforced rubber conveyor belts are easy to maintain and are suitable for linear running.Stress caused by high output and conveyor belt systems which are permanently bare to considerable stress and work at large centre distances, necessitate reliable and wear-resistant reinforcement with low elongation,metal-reinforced rubber conveyor belts are most preferred for the reason.Compare to fabric conveyor belts, metal-reinforced rubber conveyor beltsoffer a number of advantages as they combine excellent tensile strength and lateral elasticity even for deep troughs.

 

Asia-Pacific represents the largest market for conveyor belts as there is a substantial rise in the manufacturing activities across the region. Asia-Pacific is followed by North America, Europe, the Middle East and Africa, and Latin America.The Asia Pacific conveyor belt market is estimated to register the highest rate of growth over the forecast duration. This can be attributed to the rising industrialization and urbanization across the region and the increasing demand for automation across different industry verticals.The United States is found to be the largest importer whereas, Germany represents the largest exporter for conveyor belts. Presence of mining and manufacturing plants in Ohio, Montana, Arizona, and Utah and the need for conveyor systems in the mining and manufacturing facilities to transport raw materials over long distances is expected to provide significant growth opportunities for North America conveyor belt market.

 

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Conveyor Belts market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in Conveyor Belts market.

 

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• Metal-reinforced Rubber Conveyor Belts

 

• Fabric-reinforced Rubber Conveyor Belts

 

• Plastic Conveyor Belts

 

 

• Conductive Conveyor Belt

 

• Abrasion-resistant Conveyor

 

• Heat- and Flame-resistant Conveyor

 

• Oil-resistant Conveyor Belt

 

 

• Medium-Weight Conveyor Belt

 

• Light-Weight Conveyor Belt

 

• Heavy-Weight Conveyor Belt

 

 

• Mining and Metallurgy

 

• Manufacturing

 

• Chemicals, Oils and Gases

 

• Aviation

 

• Others

 

 

• North America

 

• Asia Pacific

 

• Middle East & Africa

 

• South America

 

• Europe

 

 

• Siemens AG

 

• TGW Logistics Group

 

• Emerson Electric Co.

 

• Intelligrated

 

• Daifuku Co. Ltd.

 

• Interroll Holding GmbH

 

• Vanderlande Industries B.V.

 

• Taikisha Ltd.

 

• Fives

 

• Swisslog

 

• Bando Chemical Industries

 

• Bridgestone

 

• ContiTech

 

• Fenner

 

• Yokohama

 

• Goodyear

 

• Qingdao Rubber

 

• Zhejiang Double Arrow

 

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