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Conveyor Belt Market Share
- Report ID: GMI3267
- Published Date: Aug 2023
- Report Format: PDF
Conveyor Belt Market Share
Major players operating in the global market are:
- Intralox, L.L.C
- Bridgestone Corporation
- ContiTech AG
- Elastomerik Belts Private Limited
- The Yokohoma Rubber Co., Ltd.
Frequently Asked Questions (FAQ) :
The market size of conveyor belt is expected to grow at more than 3.7% CAGR between 2023 and 2032, owing to rising product adoption as a safer and more ergonomic option for material handling in industries such as manufacturing, mining, and logistics.
Stationary conveyor belt market will demonstrate a 3.5% growth rate through 2032, due to automation in various industries for efficient management of repetitive tasks, increased consistency, reduced labor costs, and overall enhanced operational efficiency.
Asia Pacific region will account for over 55% of the conveyor belt industry share, driven by rapid industrialization in countries like China and India, alongside the rise of e-commerce and urbanization, which necessitate streamlined logistics.
ContiTech AG, Bridgestone Corporation, The Yokohoma Rubber Co., Ltd., Elastomerik Belts Private Limited, Intralox, L.L.C., among others.
Conveyor Belt Market Scope
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