The global conveyor belt market size reached US$ 6.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2032, exhibiting a growth rate (CAGR) of 2.7% during 2024-2032.
More Info:- https://www.imarcgroup.com/conveyor-belt-market
2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled " Conveyor Belt Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global conveyor belt market size reached US$ 6.8 Billion in
2023.
Conveyor belts are mechanical devices that are used to transport goods from
one place to another. They are manufactured from materials like polyvinyl
chloride, styrene-butadiene rubber, nylon, thermoplastics, and polyesters and
consist of two or more pulleys that rotate the belt in continuous circles.
Conveyor belts are generally utilized for short-distance movements within a
facility and are connected to assembly lines to final inspection and packing
lines.
They are employed in automated distribution, warehousing, and manufacturing
and production facilities. Materials that are to be transported are placed on the
belt and hauled horizontally as well as along the inclined slope to their
destination. In recent years, conveyor belts have gained traction as they are
cost-effective, lightweight, and highly adaptable. As a result, they find
applications in power, mining, food processing, warehouse, manufacturing,
electric vehicles, and industrial sectors.
Request for a PDF sample of this report:
https://www.imarcgroup.com/conveyor -belt-market/requestsample
4. Report Description
Global Conveyor Belt Market Trends:
The market is primarily driven by the significant expansion of the aviation and e-commerce industries. Conveyor
belts reduce the operation time and cost, which form an integral part of automation solutions. Along with this, the
growing power and mining industries are increasing their reliance on efficient techniques to increase their
productivity. Besides this, the rising industrial development activities and rapid infrastructure development
projects, especially across emerging economies, are also propelling the demand for conveyor belts across various
end-use industries.
Moreover, the increasing demand for packaged food products is also positively influencing the market growth.
Furthermore, manufacturers are introducing eco-friendly conveyor belts with self-cleaning properties and reduced
operational costs, which is creating a positive outlook for the market. In addition, they are continuously working
on improving the efficiency of conveyor belts and incorporating advanced systems to ensure better results. For
instance, a US-based company is launching a conveyor belt with a real-time belt monitoring system.
Looking forward, the market is expected to reach a value of US$ 8.7 Billion by 2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/conveyor-belt-market
5. Report
Segmentation
Breakup by Type:
• Medium-Weight Conveyor Belt
• Light-Weight Conveyor Belt
• Heavy-Weight Conveyor Belt
Breakup by End-Use:
• Mining and Metallurgy
• Manufacturing
• Chemicals, Oils and Gases
• Aviation
• Others
8. Key Questions
Answered in
the Report
How big is the conveyor belt market?
What is the conveyor belt market forecast?
What are the key factors driving the global conveyor belt
market?
What has been the impact of COVID-19 on the global conveyor
belt market?
What is the breakup of the global conveyor belt market based
on the type?
What is the breakup of the global conveyor belt market based
on the end-use?
What are the key regions in the global conveyor belt market?
Who are the top 5 conveyor belt manufacturers in world?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Conveyor Belt Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by End Use
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SW OT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 W eaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
10. Table of
Contents
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Distribution
5.9.6 Export
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Type
6.1 Medium-W eight Conveyor Belt
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Light-W eight Conveyor Belt
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Heavy-W eight Conveyor Belt
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by End -Use
7.1 Mining and Metallurgy
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Manufacturing
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
For more information, visit :
https://www.imarcgroup.com/conveyor -belt-market/toc