Conveyor Belts Market size worth over $5 bn by 2025

Conveyor Belts Market size will likely surpass USD 5 billion by 2025; according to a new research report by Global Market Insights, Inc.
 

Developing nations are observing robust industrialization due to presence of huge consumer base with rising per capita incomes along with their respective governments implementing policies to attract foreign investments to boost the mining and manufacturing sectors. These are the primary reasons propelling the conveyor belts market share over forecast time period. The product is majorly used for material handling purposes in different sectors such as mining, cement production, steel & iron, etc. and can transfer large volume of materials in all directions with ease. The product is an ingenious way to increase productitivity in industries and to reduce labor cost. According to the World Mining Congress, the total mining production accounted for 16.9 billion metric tons in 2016, showing approximately 50% growth from 2000 this is owing to increasing population and rise in the demand for commodities across the globe, such as iron ore, coal, and copper, fueling the growth of mining industry. Such trends are expected to continue and will drive the conveyor belts market growth rate in near future.

 

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High maintenance cost due to mechanical damages, wear and tear, etc., and huge capital investment in order to setup the manufacturing facility of conveyor belts will somehow discourage the new entrants in conveyor belts market hindering the overall growth trend to some extent.
 

U.S. Conveyor Belt Market Size, by Product, 2014 - 2025 (USD Million)
Conveyor Belt Market

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By material, the polymers segment is further classified into polyester, nylon and others which include thermoplastics, synthetic rubbers, aramid fibers, etc. The demand for polymer conveyor belts is expected to remain high due to their exceptional impact resistance and tensile strength. The polymer segment will witness growth rate of around 3.5% from 2019 to 2025.
 

Based on product, cleated conveyor belts will likely hold a share of around 10% in the conveyor belts market in 2025. These types of conveyors feature vertical cleats or barriers in their designs which help them to keep the materials secure during declines and inclines. These types of belts are majorly used in general manufacturing, scrap recycling, etc.
 

Browse key industry insights spread across 311 pages with 418 market data tables & 31 figures & charts from the report, Conveyor Belts 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 (Mining, Food & Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/conveyor-belt-market
 

On the basis installation, the conveyor belts market is bifurcated into portable and stationary. Portable conveyors show decent growth rate of about 4% as these are used for construction projects, at airports for loading and unloading luggage, and also for rescue conveyor systems. They have a lower market share as they are applicable only in limited number of areas.
 

On application basis, there are light, medium and heavy weight conveyor belts. Light weight or light duty conveyor belts are majorly used in food & beverage and packaging sectors. This segment will hold a substantial conveyor belts market share of over 20% in 2025, growing at a decent rate over the forecast time period.
 

Food & beverage industry will witness the fastest growth rate due to wide range of applications in various food processing, packaging and conveying systems. Rising demand for packaged food will lead to a segment CAGR of around 4.5% from 2019 to 2025.  
 

Middle East & Africa conveyor belts market size will witness a decent growth rate of close to 3.5% over the forecast spell. The region has huge resources of minerals and government of various developing nations in the region are formulating policies and strategies to boost industrial development activities.
 

Some of the prominent industry players in the conveyor belts market share are Fenner Dunlop, ContiTech AG, Zhejiang Double Arrow Rubber, Bridgestone Corporation, Bando chemicals, Forbo, The Yokohama Rubber, Ammeraal Beltech, Sempertrans Conveyor Belt Soultions,Nitta Corporation, etc.
 

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Conveyor belts market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand sq. meter & revenue in USD million from 2014 to 2025, for the following segments:

Conveyor Belts Market by Material

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

Conveyor Belts Industry, by Product

  • Flat belt
  • Modular belt
  • Cleated belt

Conveyor Belt Industry, by Installation

  • Portable
  • Stationary

Conveyor Belt Market, by Application

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

Conveyor Belts, by End-use

  • 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
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Kuwait

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