Conveyor Belt Market by Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44239

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 Conveyor Belt Market - 2021-2025

The conveyor belt market size is expected to reach a value of USD 1.29 billion, at a CAGR of 3.72%, during 2021-2025. This research study helps in deep understanding of the underlying forces driving the market growth and current and potential target customers across segmentations. According to our comprehensive survey, factors such as increasing demand for automation in material handling are projected to significantly support market growth during the forecast period. View our sample report for insights on the latest trends and challenges that will have a far-reaching effect on the market growth.

Conveyor Belt Market Size

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Conveyor Belt Market Segments

Get actionable insights on the conveyor belt market segments to generate successful ROIs and focus your business strategy efforts where they are most likely to be effective. Navigate through market segmentations by type (medium-weight, light-weight, and heavy-weight) and geography (APAC, North America, Europe, South America, and MEA) in this conveyor belt market report to pursue growth opportunities. 

Furthermore, given the current pandemic situation and its significant effect on industries, it is essential to understand the vulnerable market segments and recovery scope. Our market research experts have evaluated the impact of COVID-19 across market segments for our clients to understand the long-term business implications and foresee opportunities to strengthen market foothold. Want a thorough qualitative and quantitative analysis on the post-pandemic conveyor belt market predictions on demand changes for 2021-2025? You can buy the report now with one easy click.

Conveyor Belt Market Vendors and Competitive Analysis

The conveyor belt market is fragmented and the vendors are deploying organic and inorganic growth strategies to gain competitive advantage. Find out about other well-thought-out business planning approaches of key players from our sample report.

The conveyor belt market share report highlights the repercussions of the effects of the pandemic across regions and segments, and the entire value chain. To make the most of the emerging opportunities and recover from adverse COVID-19 shock, the market vendors should focus more on leveraging change in consumer behavior and growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Click here to get COVID-19 impact update.

Buy the full conveyor belt market forecast report for detailed insights on complete key vendor profiles. The profiles include information on the production, sustainability, prospects of the leading companies, and other crucial vendor landscape analysis.

Conveyor Belt Market Vendors

Conveyor Belt Market - Region Opportunities 2021-2025

53% of the conveyor belt market growth will originate from APAC during the forecast period. Japan and China are the key markets for conveyor belt market in APAC. To unlock exclusive information on potential business locations and understand the demographics of current and prospective customers buy the report now!

Conveyor Belt Market Share by Geography

APAC has been exhibiting significant growth rate for conveyor belt market vendors. Factors such as huge capital investments in the market by the governements by launching new industrial projects are accelerating the conveyor belt market growth in APAC. To view our in-depth analytical review on the micro and macroeconomic factors impacting businesses in the regions click here.

The conveyor belt market share growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

Conveyor Belt Market Insights by Type

Conveyor Belt Market Share by Type

To gain further insights on the market contribution of various segments Request for a FREE Sample!

The conveyor belt market share growth by the medium-weight segment will be significant during the forecast period. The medium-weight conveyor belts can carry loads that weigh up to 0.6 tons. These types of belts are primarily used in the industrial manufacturing sector. The global medium-weight conveyor belts market is growing primarily because of increasing manufacturing in several countries such as India, China, and the US. This report provides an accurate prediction of the contribution of all the segments to the growth of the conveyor belt market size.

From the conveyor belt market segmentation insights, players can achieve maximum market response by understanding the target consumers. The analytical data on the segmentations will allow vendors to position their services and products among the right audiences and gain significant exposure and growth. Also, get updated actionable market insights on post COVID-19 impact on each segment.

Conveyor Belt Market Drivers & Trends

While it is crucial to have a solid understanding of the drivers and trends, it is also imperative that the market challenges are recognized to improvize business planning and sustain market competition. One of the key factors impeding conveyor belt market growth is storage and handling challenges of conveyor belts. Purchase our express report to get exhaustive insights on other industry trends, drivers, and challenges, which will help companies evaluate and develop growth strategies.

The global conveyor belt market is growing because of the increasing demand for automation in handling materials. This is primarily because of the rising need for handling the materials, especially bulky materials, as they vary in texture and size. The yearly growth rate for the global automated material handling equipment market is expected to be promising during 2021-2025. The demand for automation is high in various industries, with the automotive industry carrying the highest market share. The others industry segment includes retail and healthcare industries. With an increasing number of manufacturing facilities across the world, the demand for conveyor belts is also increasing for transporting the materials from one place to another. Thus, it is further helping the global conveyor belt market to grow. 

Technavio research analysts have done in-depth analysis of the conveyor belt market trends, drivers, and challenges in terms of their long-term and short-term effects. This data will help players map their growth prospects across key and emerging markets.

 

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Conveyor Belt Market Report Outlook

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive conveyor belt market growth during the next five years
  • Precise estimation of the conveyor belt market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the conveyor belt market across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of conveyor belt market vendors

Buy the Conveyor Belt Market report now to reimage your business strategies!

 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The conveyor belt market growth will increase by $1385.62 million during 2019-2024.
The conveyor belt market is expected to grow at a CAGR of 3.52% during 2019-2024.
Technavio has segmented the conveyor belt market by type (Medium-weight, Light-weight, and Heavy-weight) and geographic (APAC, North America, Europe, South America, and MEA).
Bando Chemical Industries Ltd., Bridgestone Corp., Continental AG, Daifuku Co. Ltd., Emerson Electric Co., FIVES Group, Goodyear Rubber Products Inc., Honeywell International Inc., Kossan Rubber Industries Bhd, Michelin Group, MRF Ltd., Siemens AG, Taikisha Ltd., Vanderlande Industries BV, Yokohama Rubber Co. Ltd. are a few of the key vendors in the conveyor belt market.
APAC will register the highest growth rate of 53.96% among the other regions. Therefore, the conveyor belt market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the conveyor belt market growth are:
  • Increasing demand for automation in material handling
  • Increasing demand for steel cord conveyor belts
The conveyor belt market vendors should focus on grabbing business opportunities from the medium-weight segment as it accounted for the largest market share in the base year.
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