Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global conveyor belt market size reached US$ 6.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.15% during 2023-2028.
A conveyor belt is material handling equipment used to transport supplies, materials, and components efficiently and effortlessly in manufacturing facilities. It is made from rubber or plastic compounds like polyvinyl chloride (PVC), polyester, styrene-butadiene rubber, and nylon fabric. It saves time and space, improves the process quality, requires less power, and offers high versatility and cost-effectiveness. Nowadays, several manufacturers are offering customized conveyor belts in different shapes and sizes to cater to the requirements of the end users of different industry verticals, such as healthcare, aviation, and construction.
Conveyor Belt Market Trends:
Conveyor belts are widely employed in the food and beverage (F&B) industry to minimize human contact, reduce material handling time, and make food processing safer and more efficient. This, in confluence with the rising consumer awareness about the safety of commercial food products, represents one of the key factors bolstering the market growth. In addition, the thriving e-commerce industry is increasing the adoption of conveyor belts in warehouses and distribution centers to transport products and services, minimize labor costs, and improve productivity. Moreover, expanding construction activities worldwide are catalyzing the demand for conveyor belts to connect the broken equipment of different levels, sand production facilities, and screening equipment. This can also be attributed to governments of various countries, which are investing in infrastructural development. Besides this, there is a rise in the usage of conveyor belts in the mining industry to transport excavated and crushed rocks in an efficient manner. Apart from this, key market players are focusing on developing eco-friendly products with self-cleaning properties, which is anticipated to provide a positive outlook for the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global conveyor belt market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and end-use.
Breakup by Type:
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Medium-weight conveyor belts dominate the market as they can move products of heavy load with less power and increased productivity.
Breakup by End-Use:
Mining and Metallurgy
Manufacturing
Chemicals, Oils and Gases
Aviation
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
The Asia Pacific holds the largest market share on account of increasing construction activities in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Bando Chemical Industries, Ltd., Fenner, Intralox, Volta Belting Technology Ltd., and Fives.
Key Questions Answered in This Report
1. What was the size of the global conveyor belt market in 2022?
2. What is the expected growth rate of the global conveyor belt market during 2023-2028?
3. What are the key factors driving the global conveyor belt market?
4. What has been the impact of COVID-19 on the global conveyor belt market?
5. What is the breakup of the global conveyor belt market based on the type?
6. What are the key regions in the global conveyor belt market?
7. Who are the key players/companies in the global conveyor belt market?
A conveyor belt is material handling equipment used to transport supplies, materials, and components efficiently and effortlessly in manufacturing facilities. It is made from rubber or plastic compounds like polyvinyl chloride (PVC), polyester, styrene-butadiene rubber, and nylon fabric. It saves time and space, improves the process quality, requires less power, and offers high versatility and cost-effectiveness. Nowadays, several manufacturers are offering customized conveyor belts in different shapes and sizes to cater to the requirements of the end users of different industry verticals, such as healthcare, aviation, and construction.
Conveyor Belt Market Trends:
Conveyor belts are widely employed in the food and beverage (F&B) industry to minimize human contact, reduce material handling time, and make food processing safer and more efficient. This, in confluence with the rising consumer awareness about the safety of commercial food products, represents one of the key factors bolstering the market growth. In addition, the thriving e-commerce industry is increasing the adoption of conveyor belts in warehouses and distribution centers to transport products and services, minimize labor costs, and improve productivity. Moreover, expanding construction activities worldwide are catalyzing the demand for conveyor belts to connect the broken equipment of different levels, sand production facilities, and screening equipment. This can also be attributed to governments of various countries, which are investing in infrastructural development. Besides this, there is a rise in the usage of conveyor belts in the mining industry to transport excavated and crushed rocks in an efficient manner. Apart from this, key market players are focusing on developing eco-friendly products with self-cleaning properties, which is anticipated to provide a positive outlook for the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global conveyor belt market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and end-use.
Breakup by Type:
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Medium-weight conveyor belts dominate the market as they can move products of heavy load with less power and increased productivity.
Breakup by End-Use:
Mining and Metallurgy
Manufacturing
Chemicals, Oils and Gases
Aviation
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
The Asia Pacific holds the largest market share on account of increasing construction activities in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Bando Chemical Industries, Ltd., Fenner, Intralox, Volta Belting Technology Ltd., and Fives.
Key Questions Answered in This Report
1. What was the size of the global conveyor belt market in 2022?
2. What is the expected growth rate of the global conveyor belt market during 2023-2028?
3. What are the key factors driving the global conveyor belt market?
4. What has been the impact of COVID-19 on the global conveyor belt market?
5. What is the breakup of the global conveyor belt market based on the type?
6. What are the key regions in the global conveyor belt market?
7. Who are the key players/companies in the global conveyor belt market?
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 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
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-Weight Conveyor Belt
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Light-Weight Conveyor Belt
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Heavy-Weight Conveyor Belt
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY END-USE
7.1 Mining and Metallurgy
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Manufacturing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemicals, Oils and Gases
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Aviation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 North America
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 IMPORTS AND EXPORTS
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 CONVEYOR BELT MANUFACTURING PROCESS
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 COMPETITIVE LANDSCAPE
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Bando Chemical Industries, Ltd.
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Fenner
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.3 Intralox
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.4 Volta Belting Technology Ltd
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.5 Fives
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
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 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
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-Weight Conveyor Belt
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Light-Weight Conveyor Belt
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Heavy-Weight Conveyor Belt
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY END-USE
7.1 Mining and Metallurgy
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Manufacturing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Chemicals, Oils and Gases
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Aviation
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 Asia Pacific
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 North America
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Middle East and Africa
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Latin America
8.5.1 Market Trends
8.5.2 Market Forecast
9 IMPORTS AND EXPORTS
9.1 Imports by Major Countries
9.2 Exports by Major Countries
10 CONVEYOR BELT MANUFACTURING PROCESS
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 COMPETITIVE LANDSCAPE
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Bando Chemical Industries, Ltd.
11.3.1.1 Company Overview
11.3.1.2 Description
11.3.1.3 Product Portfolio
11.3.1.4 Financials
11.3.1.5 SWOT Analysis
11.3.2 Fenner
11.3.2.1 Company Overview
11.3.2.2 Description
11.3.2.3 Product Portfolio
11.3.2.4 Financials
11.3.3 Intralox
11.3.3.1 Company Overview
11.3.3.2 Description
11.3.3.3 Product Portfolio
11.3.4 Volta Belting Technology Ltd
11.3.4.1 Company Overview
11.3.4.2 Description
11.3.4.3 Product Portfolio
11.3.5 Fives
11.3.5.1 Company Overview
11.3.5.2 Description
11.3.5.3 Product Portfolio
LIST OF TABLES
Table 1: Global: Conveyor Belt Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Conveyor Belt Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Conveyor Belt Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
Table 4: Global: Conveyor Belt Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Conveyor Belt: Import Data by Country, 2021
Table 6: Global: Conveyor Belt: Export Data by Country, 2021
Table 7: Conveyor Belt Manufacturing: Raw Material Requirements
Table 8: Global: Conveyor Belt Market: Competitive Structure
Table 9: Global: Conveyor Belt Market: Key Players
Table 1: Global: Conveyor Belt Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Conveyor Belt Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Conveyor Belt Market Forecast: Breakup by End-Use (in Million US$), 2023-2028
Table 4: Global: Conveyor Belt Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Conveyor Belt: Import Data by Country, 2021
Table 6: Global: Conveyor Belt: Export Data by Country, 2021
Table 7: Conveyor Belt Manufacturing: Raw Material Requirements
Table 8: Global: Conveyor Belt Market: Competitive Structure
Table 9: Global: Conveyor Belt Market: Key Players
LIST OF FIGURES
Figure 1: Global: Conveyor Belt Market: Major Drivers and Challenges
Figure 2: Global: Conveyor Belt Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Conveyor Belt Market: Breakup by Type (in %), 2022
Figure 4: Global: Conveyor Belt Market: Breakup by End Use (in %), 2022
Figure 5: Global: Conveyor Belt Market: Breakup by Region (in %), 2022
Figure 6: Global: Conveyor Belt Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Conveyor Belt Industry: SWOT Analysis
Figure 8: Global: Conveyor Belt Industry: Value Chain Analysis
Figure 9: Global: Conveyor Belt Industry: Porter’s Five Forces Analysis
Figure 10: Global: Medium-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Medium-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Light-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Light-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Heavy-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Heavy-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Conveyor Belt Market (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Conveyor Belt Market Forecast (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2023-2028
Figure 18: Global: Conveyor Belt Market (in Manufacturing): Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Conveyor Belt Market Forecast (in Manufacturing): Sales Value (in Million US$), 2023-2028
Figure 20: Global: Conveyor Belt Market (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Conveyor Belt Market Forecast (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2023-2028
Figure 22: Global: Conveyor Belt Market (in Aviation): Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Conveyor Belt Market Forecast (in Aviation): Sales Value (in Million US$), 2023-2028
Figure 24: Global: Conveyor Belt Market (Other End-Uses): Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Conveyor Belt Market Forecast (Other End-Uses): Sales Value (in Million US$), 2023-2028
Figure 26: Asia Pacific: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Asia Pacific: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Europe: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Europe: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Middle East and Africa: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Middle East and Africa: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Latin America: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Latin America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Conveyor Belt: Import Breakup by Country (in %), 2021
Figure 37: Global: Conveyor Belt: Export Breakup by Country (in %), 2021
Figure 38: Conveyor Belt Manufacturing: Process Flow
Figure 1: Global: Conveyor Belt Market: Major Drivers and Challenges
Figure 2: Global: Conveyor Belt Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Conveyor Belt Market: Breakup by Type (in %), 2022
Figure 4: Global: Conveyor Belt Market: Breakup by End Use (in %), 2022
Figure 5: Global: Conveyor Belt Market: Breakup by Region (in %), 2022
Figure 6: Global: Conveyor Belt Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Conveyor Belt Industry: SWOT Analysis
Figure 8: Global: Conveyor Belt Industry: Value Chain Analysis
Figure 9: Global: Conveyor Belt Industry: Porter’s Five Forces Analysis
Figure 10: Global: Medium-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Medium-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Light-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Light-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Heavy-Weight Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Heavy-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Conveyor Belt Market (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Conveyor Belt Market Forecast (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2023-2028
Figure 18: Global: Conveyor Belt Market (in Manufacturing): Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Conveyor Belt Market Forecast (in Manufacturing): Sales Value (in Million US$), 2023-2028
Figure 20: Global: Conveyor Belt Market (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Conveyor Belt Market Forecast (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2023-2028
Figure 22: Global: Conveyor Belt Market (in Aviation): Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Conveyor Belt Market Forecast (in Aviation): Sales Value (in Million US$), 2023-2028
Figure 24: Global: Conveyor Belt Market (Other End-Uses): Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Conveyor Belt Market Forecast (Other End-Uses): Sales Value (in Million US$), 2023-2028
Figure 26: Asia Pacific: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Asia Pacific: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Europe: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Europe: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Middle East and Africa: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Middle East and Africa: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Latin America: Conveyor Belt Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Latin America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Conveyor Belt: Import Breakup by Country (in %), 2021
Figure 37: Global: Conveyor Belt: Export Breakup by Country (in %), 2021
Figure 38: Conveyor Belt Manufacturing: Process Flow
