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Global Conveyor Belts Market Research Report - Segmentation By Belt Type (Lightweight, Medium-weight, and Heavy-weight), By End-user Industry (Manufacturing, Food & Beverage, Poultry & Dairy, Automotive, Industrial, Airport, Mining, Power Generation and Others), By Conveyor Type (Belt, Roller, Pallet, Overhead, Floor, Crescent, Tri-planar, Cable, Bucket, and Others), By Material (Metals, Polymers, and Others), By Product (Flat Belts, Modular Belts, and Cleated Belts), By Installation (Portable and Stationary), and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 9293
Pages: 150

Conveyor Belt Market Size, Growth and Forecast (2022-2027)

The Global Conveyor Belts Market size was valued at US$ 6.33 Billion in 2021 and is anticipated to reach the valuation of US$ 7.77 Billion by 2027 and is predicted to register a CAGR of 3.23% during 2022-2027.

Market Overview:

A conveyor belt is the carrying medium of a belt conveyor system which is one of many types of conveyor systems. This system comprises two or more pulleys, with an endless loop of carrying medium the conveyor belt, that rotates about them where one or both of the pulleys are powered, moving the belt and the material on the belt forward. The lift that was powered is called the drive pulley while the unpowered pulley is called the idler pulley.

The growth of this market is attributed to the rising industrial development activities in developing economies owing to the major reforms made by respective governments. These products are utilized for carrying materials or components of different sizes, shapes, and weights from one place to another in various end-user industries. Essential parts of automation solutions in manufacturing plants are the conveyor belts as they subsequently reduce the operation time, cost, and material losses.

The object to be moved is placed on the belt and is carried to the required destination point. For better performance of these belts, the uniformity of the conveyor belt is crucial, and the thickness of the conveyor material must be consistent.

Recent Developments in Conveyor Belt Industry:

  • TGW Logistics Group will sell some of its US conveyor assets in Norton Shores, Michigan, to Material Handling Systems Inc. in January 2021. (MHS). The two corporations have signed a contract, and the acquisition is anticipated to go into effect in February 2021. Lincoln International aided TGW throughout the whole M&A process. As a result of the sale, TGW has changed its strategic portfolio to focus on the growing integration industry in North America.
  • Dorner Manufacturing Corporation upgraded their Flex Move Helix Conveyors with a number of additional features in December 2020. D-Tools accessibility and reduced lead times result in a more responsive and user-friendly experience. Product engineers, plant managers, and others can now use D-Tools, Dorner's online conveyor configurator, to simply download CAD models and build Helix Conveyors to match their particular application in minutes.

Conveyor Belts Market Drivers:

In Latin America, the mining industry is likely to see a boom of new investments, especially in Brazil and Chile. Since mining involves the handling of larger quantities of commodities, a conveyor system is the most efficient and cost-effective long-distance alternative. Consumer purchasing power is increasing, and these regions' economies are growing, which has aided the manufacturing industry's development. Manufacturing, baggage handling, food and beverage, mining, and other industries have all used automation to move closer to the zero-defect goal.

Conveyor Belts Market Restraints:

In an increasingly competitive market across all industries, companies are constantly looking for ways to improve their processes, which has increased the need for industrial facility automation.  Various ongoing improvements in automation have been observed in the business. These can aid in satisfying material handling capacity needs, resulting in reduced production time, reduced human error, increased safety, greater production volume, and increased precision and repeatability. As a result of these advantages, a rising number of businesses are incorporating such technology into their material handling procedures. The International Federation of Robotics (IFR) estimates that 2.7 million robots will be employed in enterprises around the world by 2020. The widespread use of industrial robots may have a negative impact on the conveyor system market. However, due to the expensive cost of automated guided vehicles, the impact is projected to be limited.

Conveyor Belts Market Opportunities:

During the ongoing COVID-19 crisis, the manufacture and distribution of personal protective equipment (PPE) kits and treatments such as hydroxychloroquine (HCQ) pills surged. The pharmaceutical and healthcare industries are likely to be driven by the supply of basics and the manufacture of medical equipment, which will increase demand for material handling. The world's largest producer of HCQ pills is India. The creation of HCQ tablets is strengthening the healthcare industry, notably in India, under this unusual situation. The Indian government has just begun exporting HCQ pills to 55 countries. Exports were initially prohibited, but were eventually permitted due to the humanitarian implications of COVID-19. Around 13 nations have already got the medicine, which is available both commercially and through grants-in-aid well. During the COVID-19 crisis, increased demand from the pharmaceutical and warehouse & distribution industries is likely to fuel demand for conveyor systems.

Conveyor Belts Market Challenges:

Conveyor systems include a lot of moving parts, so they're prone to a lot of little faults that can quickly escalate into big problems that cause production to stop. In the case of seized rollers, for example, the final items may develop minor flaws, resulting in large losses for the company. The more complicated these systems are, the more likely they are to collapse. Continuous breakdowns may also shorten the conveyor system's lifespan. Such concerns result in a high maintenance cost, which accounts for a significant portion of a conveyor system's total cost of ownership. Several incidents have resulted in significant financial losses for businesses. In December 2020, for example, a female worker was hurt when her arm became caught in a conveyor belt at a Tyson Foods plant (US). OSHA, or the Occupational Safety and Health Administration, is a government body that sets standards and requirements for all industries, including automation. It also offers warehouse safety solutions for frequent problems that can arise when using conveyor systems. To decrease accidents and promote employee safety, businesses must adhere to OSHA standards. As a result, eliminating accidents is a challenge for the conveyor system market.

CONVEYOR BELT MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 – 2027

CAGR

3.5%

Segments Covered

By End-user Industry, By Conveyor Type, By Material, By Product, By Installation

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

  • ContiTech AG
  • Bridgestone Corporation
  • Fenner Dunlop
  • Zhejiang Double Arrow Rubber
  • Bando Chemicals
  • Forbo
  • Ammeraal Beltech
  • The Yokohama Rubber
  • Nitta Corporation
  • Sempertrans

 

Conveyor Belt Market Segmentation Analysis:

  • By Belt Type
  • Lightweight
  • Medium-weight
  • Heavy-weight

Based on the type segmentation of the target market, increasing mining activities, manufacturing plants, recycling facilities, and the supply chain sector in the developing economies will propel the demand for medium-weight conveyor belts over the forecast timeframe.

By End-user Industry:

  • Manufacturing
  • Food & Beverage
  • Poultry & Dairy
  • Automotive
  • Industrial
  • Airport
  • Mining
  • Power Generation
  • Others

Based on end-use segmentation, mining and general manufacturing sectors have acquired a significant share in the global conveyor belt market because of the increasing demand for minerals and intensifying building & construction activities and infrastructure projects. The mining sector generated more than USD 1.5 billion in 2018, which is by far leading the market and was followed by the general manufacturing sector closely. The power generation segment has also held to hold a considerable share in the market as these are used in thermal power plants to transfer coals.

By Conveyor Type:

  • Belt
  • Roller
  • Pallet
  • Overhead
  • Floor
  • Crescent
  • Tri-planar
  • Cable
  • Bucket
  • Others

In the type segmentation of the global conveyor belts market, Belts had a combined share of more than 75% in 2018 owing to their usage for medium and heavyweight applications, majorly including EP and NN belts, and steel cord reinforced straps. The requirement of high impact resistance and superior mechanical strength, the belt tensions are high for such applications as they carry heavy and abrasive materials.

By Material:

  • Metals
  • Polymers
    • Polyester
    • Nylon
    • All thermoplastics
    • Rubber-based belts
  • Others

From the material segmentation, Metal conveyor belts are the segment that will witness growth by around 4% CAGR up to 2025. The extension of this segment is attributed to the increasing disposable income which has resulted in high growth in the consumer goods sector, which is also boosting general manufacturing industries and thus will provide a thrust to the product demand over the forecast time interval. Also, the usage of these metal conveyors belts in various end-use industries such as in glass & ceramics, food, metalworking, and general industries are fuelling the segment growth.

By Product:

  • Flat belts
  • Modular belts
  • Cleated belts

In the product segmentation, flat belts held more than 80% in the global conveyor belt market share in 2018, as these are preferred choices for various industrial applications and their usage to transfer medium and heavyweights in mining, stone crushing, quarrying, cement manufacturing, etc. Also, transporting lightweight materials such as food products and consumer goods is creating enormous scope for this segment development.

By Installation:

  • Portable
  • Stationary

The stationary segment is a crucial part owing to their sizeable conveying capacity over long distances and are used in coal, construction, chemical, mining, port, metallurgy, hydropower, etc. Also, the fewer maintenance requirements and reliability in operations will catapult the demand for stationary conveyor belts during the forecast period.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Region Analysis:

In the regional analysis, Asia Pacific conveyor belts market has acquired a major share in the global business. It will grow by recording a CAGR of more than 4% owing to the high growth of regional end-user industries like mining, steel, cement, and food & beverage sectors. North America's conveyor belts market is another promising industry after the Asia Pacific that is likely to expand at a notable growth rate.

Key Players in the Market:

Major Key Players in the Global Conveyor Belts Market are

  • ContiTech AG
  • Bridgestone Corporation
  • Fenner Dunlop
  • Zhejiang Double Arrow Rubber
  • Bando Chemicals
  • Forbo
  • Ammeraal Beltech
  • The Yokohama Rubber
  • Nitta Corporation
  • Sempertrans

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Conveyor Belts Market, By Belt Type               

                                6.1.1 Lightweight            

                                6.1.2 Medium-weight   

                                6.1.3 Heavy-weight        

                                6.1.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.1.5 Y-o-Y Growth Rate Analysis              

                                6.1.6 Market Attractiveness Index           

                6.2 Conveyor Belts Market, By End-User               

                                6.2.1 Manufacturing      

                                6.2.2 Mining      

                                6.2.3 Food & Beverage 

                                6.2.4 Poultry & Dairy      

                                6.2.5 Automotive            

                                6.2.6 Industrial 

                                6.2.7 Airport      

                                6.2.8 Power Generation               

                                6.2.9 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.2.10 Y-o-Y Growth Rate Analysis           

                                6.2.11 Market Attractiveness Index        

                6.3 Conveyor Belts Market, By Conveyor Type                    

                                6.3.1 Belt            

                                6.3.2 Roller        

                                6.3.3 Pallet         

                                6.3.4 Overhead

                                6.3.5 Floor          

                                6.3.6 Crescent  

                                6.3.7 Tri-Plannar              

                                6.3.8 Cable         

                                6.3.9 Bucket      

                                6.3.10 Market Size Estimations & Forecasts (2022 - 2027) 

                                6.3.11 Y-o-Y Growth Rate Analysis           

                                6.3.12 Market Attractiveness Index        

                6.4 Conveyor Belts Market, By Material                 

                                6.4.1 Metals      

                                6.4.2 Polymers 

                                6.4.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.4.4 Y-o-Y Growth Rate Analysis              

                                6.4.5 Market Attractiveness Index           

                6.5 Conveyor Belts Market, By Product                  

                                6.5.1 Flat Belts 

                                6.5.2 Modular Belts        

                                6.5.3 Cleated Belts          

                                6.5.4 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.5.5 Y-o-Y Growth Rate Analysis              

                                6.5.6 Market Attractiveness Index           

                6.6 Conveyor Belts Market, By Installation                            

                                6.6.1 Portable   

                                6.6.2 Stationary

                                6.6.3 Market Size Estimations & Forecasts (2022 - 2027)   

                                6.6.4 Y-o-Y Growth Rate Analysis              

                                6.6.5 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Belt Type           

                                7.2.3 By End-User           

                                7.2.4 By Conveyor Type

                                7.2.5 By Material             

                                7.2.6 By Product              

                                7.2.7 By Installation        

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Belt Type           

                                7.3.3 By End-User           

                                7.3.4 By Conveyor Type

                                7.3.5 By Material             

                                7.3.6 By Product              

                                7.3.7 By Installation        

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Belt Type           

                                7.4.3 By End-User           

                                7.4.4 By Conveyor Type

                                7.4.5 By Material             

                                7.4.6 By Product              

                                7.4.7 By Installation        

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Belt Type           

                                7.5.3 By End-User           

                                7.5.4 By Conveyor Type

                                7.5.5 By Material             

                                7.5.6 By Product              

                                7.5.7 By Installation        

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Belt Type           

                                7.6.3 By End-User           

                                7.6.4 By Conveyor Type

                                7.6.5 By Material             

                                7.6.6 By Product              

                                7.6.7 By Installation        

8. Key Player Analysis                                    

                8.1 ContiTech AG                            

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Bridgestone Corporation                      

                8.3 Fenner Dunlop                          

                8.4 Zhejiang Double Arrow Rubber                          

                8.5 Bando Chemicals                     

                8.6 Forbo                            

                8.7 Ammeraal Beltech                   

                8.8 The Yokohama Rubber                          

                8.9 Nitta Corporation                    

                8.10 Sempertrans                           

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Conveyor Belts Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Conveyor Belts Market By Belt Type, From 2022 - 2027 ( USD Billion )
  3. Global Lightweight Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Medium-weight Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Heavy-weight Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Conveyor Belts Market By End-User, From 2022 - 2027 ( USD Billion )
  7. Global Manufacturing Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Mining Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Food & Beverage Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Poultry & Dairy Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Automotive Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Industrial Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Airport Market By Region, From 2022 - 2027 ( USD Billion )
  14. Global Power Generation  Market By Region, From 2022 - 2027 ( USD Billion )
  15. Global Conveyor Belts Market By Conveyor Type, From 2022 - 2027 ( USD Billion )
  16. Global Belt Market By Region, From 2022 - 2027 ( USD Billion )
  17. Global Roller Market By Region, From 2022 - 2027 ( USD Billion )
  18. Global Pallet Market By Region, From 2022 - 2027 ( USD Billion )
  19. Global Overhead Market By Region, From 2022 - 2027 ( USD Billion )
  20. Global Floor Market By Region, From 2022 - 2027 ( USD Billion )
  21. Global Crescent Market By Region, From 2022 - 2027 ( USD Billion )
  22. Global Tri-Plannar Market By Region, From 2022 - 2027 ( USD Billion )
  23. Global Cable Market By Region, From 2022 - 2027 ( USD Billion )
  24. Global Bucket Market By Region, From 2022 - 2027 ( USD Billion )
  25. Global Conveyor Belts Market By Material, From 2022 - 2027 ( USD Billion )
  26. Global Metals Market By Region, From 2022 - 2027 ( USD Billion )
  27. Global Polymers Market By Region, From 2022 - 2027 ( USD Billion )
  28. Global Conveyor Belts Market By Product, From 2022 - 2027 ( USD Billion )
  29. Global Flat Belts Market By Region, From 2022 - 2027 ( USD Billion )
  30. Global Modular Belts Market By Region, From 2022 - 2027 ( USD Billion )
  31. Global Cleated Belts Market By Region, From 2022 - 2027 ( USD Billion )
  32. Global Conveyor Belts Market By Installation, From 2022 - 2027 ( USD Billion )
  33. Global Portable Market By Region, From 2022 - 2027 ( USD Billion )
  34. Global Stationary Market By Region, From 2022 - 2027 ( USD Billion )

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FAQ's

What can be the size of the global Conveyor Belts Market by 2027?

By 2027, it is predicted that the global Conveyor Belts market can reach a valuation of US$ 7.77 billion.

What can be the compound annual growth rate of the global Conveyor Belts market?

The Global Conveyor Belts market can expand with a CAGR of 3.23% during the forecast period.

Mention the major Key Players in the Global Conveyor Belts Market?

ContiTech AG, Bridgestone Corporation, Fenner Dunlop, Zhejiang Double Arrow Rubber, Bando Chemicals, Forbo, Ammeraal Beltech, The Yokohama Rubber, Nitta Corporation, Sempertrans and Others.

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