Conveyor Belt Market Size By Material (Metal, Polymer [Polyester, Nylon]), By Product (Flat Belt, Modular Belt, Cleated Belt), By Installation (Portable, Stationary), By Application (Light-weight, Medium-weight, Heavy-weight), By End-use Sector (Mining, Food & Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI3267  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 312   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Conveyor Belt Market size exceeded USD 4 billion in 2019 and is estimated to exhibit a CAGR of more than 5.8% between 2020 and 2026. Growing demand from the power generation, mining, and manufacturing industries is one of the key factors driving the market growth. Conveyor belts are used to transfer different forms of materials from one place to another in various end-user industries. The product reduces material handling problems and with this the product can be easily transferred to the desired location without any loss of material.

Conveyor Belt Market

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Rising industrial development activities coupled with notable growth in the mining sector of emerging countries including Japan, India, Indonesia, and Brazil, among others, are the prime factors fueling the market expansion over the forecast timeframe.

The mining industry is one of the major end-users in the conveyor belt market. Conveyor belts are used to carry huge loads in the sector, which not only reduces time but also aids in lesser manpower requirements. Moreover, the power generation sector also uses conveyor belts, which have applications in coal-fired power plants for handling coal and transferring it to the furnace.

However, the product demand for this sector is expected to slow down as various plants are shutting down due to compliance issues with adverse environmental impacts from pollution, arising from coal-fired power plants.

Conveyor belts are used in multiple end-user industries including general manufacturing, supply chain, recycling, food & beverage, and others. General manufacturing and mining were the major segments in 2019 and are anticipated to exhibit tremendous growth during the assessment period.

These sectors require the internal travel of various mediums and heavy products, making the use of conveyor belts highly desirable in these industries. Conveyor belt aids in reducing the production time and manpower requirements, especially in manufacturing units, in turn, positively contributing to the overall cost.

Conveyor belt manufacturing facilities are included under the mechanical cum production engineering industry and are subjected to high capital investments required for setting up the machinery and associated costs. Prolonged return on investment is a barrier that can induce a lack of interest among various industry participants. The lack of sufficient capital coupled with high maintenance cost is one of the major down sides to the market value.

Conveyor Belt Market Report Coverage
Report Coverage Details
Base Year:2019
Market Size in 2019:USD 4.0 Billion
Forecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:5.8%
2026 Value Projection:5.1 Billion
Historical Data for:2016 to 2019
No. of Pages:312
Tables, Charts & Figures:446
Segments covered:Material, Installation, Product, Application, End-user Region
Growth Drivers:
  • Growth in the mining industry
  • Growth in steel and cement industry
  • Growth in the convenience food & beverage sector
Pitfalls & Challenges:
  • High capital investment for setting manufacturing facility and conveyor belt maintenance costs

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Indispensable use of polymer materials will complement conveyor belt market expansion

Polymer-based conveyor belts are the most widely used conveyor belts in the general manufacturing industry. With increasing demand for construction materials led by infrastructural development, the overall product demand will escalate across all end-users. Polymer conveyor belts are widely accepted owing to their excellent flexibility and tensile strength. These are ideal for transporting materials, which are lightweight and within a facility or manufacturing plant.

The metal segment includes belts that are made from metal and steel cord reinforced belts. These belts are majorly used for applications in glass & ceramic, food & beverage, and in some of general manufacturing industries such as hand tools, electronics, packaging, etc.

Growing demand for flat belt will drive the overall market revenue

Conveyor Belt Market By Product

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Flat belt segment in the conveyor belt market valued at USD 3.3 billion in 2019 and is predicted to reach over USD 4 billion by 2026. A flat conveyor belt is the most used conveyor belt time in the modern times. This type of conveyor belt uses a series of high performing pulleys and idlers that are widely used to carry a varied range of items up to an inclination of 16°. Flat conveyor belts are the preferred choice for various industrial applications such as in cement manufacturing, stone crushing, and for the transportation of lightweight materials in the consumer good & food industry.

Stationary conveyor belt to dominate the overall conveyor belt market demand

Conveyor Belt Market By Installation

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Stationary conveyor belts are widely used in mining, food & beverage, general manufacturing, recycling, supply chain, and power generation to transport a wide variety of bulk materials over short and long distances in a cost-effective manner. These belts have stable performance, lower cost, and are used to convey various materials such as sand, stone, coal, concrete, gravel, cement, fertilizers, limestone, coke, mineral ore, sawdust, wood chips, food & beverage products, etc.

The portable segment accounted for 8% of the conveyor belt market share in 2019 and is projected grow at a CAGR of over 5.8% through 2026. Portable conveyor belts are ideal for transportation of loose materials, rocks, debris, and cement for construction projects. They are widely used in construction, demolition, landscaping, disaster restoration, sand and dirt removal, firewood conveyor, pool installation, and tight accessing jobs.

They offer flexibility in loading and unloading of materials at airports, warehouses, stations, sand & stone stock grounds, and farms. They have a lower revenue share as they are applicable only in limited scenarios.

Medium-weight application generated the highest revenue in 2019

Conveyor belt market By Application

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The medium-weight conveyor belt market was dominant in 2019, with an industry share of 47%, and is poised to expand at 5.7% CAGR till 2026. Medium-weight conveyor belts are widely employed in waste & recycling plants, sand & gravel, and steel, iron, & cement manufacturing industries, among others.

The demand of these products is expected to increase in the near future impelled by significant growth in the construction sector, which will escalate the demand for construction minerals, cement, and steel, in turn, escalating demand for conveyor belts for medium-weight applications. These types of belts are also resistant to heat, flame, and oil to widen the area of application.

The mining end-user industry will showcase sizeable revenue in 2019

Conveyor Belt Market By End-user

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Mining sector in the conveyor belt market will observe substantial growth during the forecast timeline. The segment was closely followed by the general manufacturing segment, in terms of revenue. In general manufacturing, conveyor belts are primarily used in the steel, cement, and chemical industries.

In the steel industry, conveyor belts are used to carry various raw materials, such as coke, ore, & pallets, to blast furnaces and in the cement industry these belts are used to transport rocks, limestone, blocks, hot clinkers, and other materials during the entire cement production process, initiating from extraction quarry to the final shipment of cement products.

APAC region to generate significant revenue during the forecast timeframe

Conveyor Belt Market By Region

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Asia Pacific conveyor belt market is likely to register considerable growth during the forecast period due to its strong position in the mining, steel, cement, and food & beverage sectors. The region accounts for more than half of the global mining production and will exhibit tremendous growth propelled by rising demand for various minerals and supportive investments. China and India are the leading producers of steel & cement and their demand will be driven by infrastructure development plans and commercial & residential projects in the coming years.

Capacity expansion is a major strategic outlook of the market growth

The major players in the conveyor belt market include Bando Chemicals, Zhejiang Double Arrow Rubber, ContiTech AG, Fenner DunlopForbo, Nitta Corporation, Bridgestone Corporation, Ammeraal Beltech, The Yokohama Rubber, and Sempertrans.

The conveyor belt market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand square meters and revenue in USD million from 2016 to 2026 for the following segments:

Market, By Product

  • Flat belt
  • Modular belt
  • Cleated belt

Market, By Material

  • Metal
  • Polymer
    • Polyester
    • Nylon
    • Others
  • Others

Market, By Installation

  • Portable
  • Stationary

Market, By Application

  • Light-weight
  • Medium-weight
  • Heavy-weight

Market, By End-user

  • Mining
  • Food & beverage
  • Power generation
  • Recycling
  • Supply chain
  • General manufacturing
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE


Frequently Asked Questions (FAQ) :

The market size of conveyor belt exceeded at over USD 4 billion in 2018.
The industry share of conveyor belt is expected to grow at 3.5% CAGR up to 2025.
Metal conveyor belts are widely deployed across various application areas including food and beverage, glass, ceramics, metal working and general industries, ensuring consistent demand for the equipment.
Low maintenance and high reliability have driven the use of stationary conveyor belts in construction, mining, ports, chemical manufacturing as well as coal and hydropower sectors.
Conveyor belts are used in cement manufacturing to transport crushed limestone blocks, rocks and carry hot clinkers, as they provide remarkable impact resistance and troughability.
North America is expected to witness considerable demand for conveyor belts owing to the presence of several cement manufacturers and increasing automation in food & beverage manufacturing.

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 312
  • Tables: 418
  • Charts / Figures: 28
  • Companies covered: 15
  • Countries covered: 21

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