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Pulished Date February, 2020
ID: 9293
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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 By Region – Forecast (2020 – 2025)

Pulished: February, 2020
ID: 9293
Pages: 150

Conveyor Belt Market Size & Growth (2020 - 2025)

Global Conveyor Belt Market was valued at around USD 4 billion in 2018 and is estimated to grow at a CAGR of over 3.5% up to 2025. 

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

  • Yokohama has announced that it has signed an agreement of a multiyear official global tire partnership with the Chelsea Football Club of English Premier League.

  • Transense extended Translogik TPMS cooperation with Bridgestone on large OTR tyres.

Drivers and Restraints of Conveyor Belts Market

The increase in air passenger journey and upsurge in demand for packaged food products are the primary drivers of the growth of global conveyor belts. Increasing industrial development activities in emerging economies due to significant reforms made by respective governments is the prime factor driving the growth of conveyor belt market during the review period. The concept of green conveying and technological advancements in conveyor systems are creating lucrative opportunities for market expansion and the growth of the key players.

However, the high investments that are involved in the initial set up of conveyor belts are considered as the critical challenge that is hampering the target market growth.

Market Segmentation of Conveyor Belts Market

  • 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.

Conveyor Belts Market Region-wise analysis

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle-East & Africa

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 conveyor belts market is another promising industry after the Asia Pacific that is likely to expand at a notable growth rate.

Key Players of Conveyor Belts Market

  • 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 (2019-2024)   

                                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 (2019-2024)   

                                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 (2019-2024) 

                                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 (2019-2024)   

                                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 (2019-2024)   

                                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 (2019-2024)   

                                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                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by-product,by technology, by end-user,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Conveyor Belts Market By Region, From 2020-2025 ( USD Billion )
  2. Global Conveyor Belts Market By Belt Type, From 2020-2025 ( USD Billion )
  3. Global Lightweight Market By Region, From 2020-2025 ( USD Billion )
  4. Global Medium-weight Market By Region, From 2020-2025 ( USD Billion )
  5. Global Heavy-weight Market By Region, From 2020-2025 ( USD Billion )
  6. Global Conveyor Belts Market By End-User, From 2020-2025 ( USD Billion )
  7. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  8. Global Mining Market By Region, From 2020-2025 ( USD Billion )
  9. Global Food & Beverage Market By Region, From 2020-2025 ( USD Billion )
  10. Global Poultry & Dairy Market By Region, From 2020-2025 ( USD Billion )
  11. Global Automotive Market By Region, From 2020-2025 ( USD Billion )
  12. Global Industrial Market By Region, From 2020-2025 ( USD Billion )
  13. Global Airport Market By Region, From 2020-2025 ( USD Billion )
  14. Global Power Generation  Market By Region, From 2020-2025 ( USD Billion )
  15. Global Conveyor Belts Market By Conveyor Type, From 2020-2025 ( USD Billion )
  16. Global Belt Market By Region, From 2020-2025 ( USD Billion )
  17. Global Roller Market By Region, From 2020-2025 ( USD Billion )
  18. Global Pallet Market By Region, From 2020-2025 ( USD Billion )
  19. Global Overhead Market By Region, From 2020-2025 ( USD Billion )
  20. Global Floor Market By Region, From 2020-2025 ( USD Billion )
  21. Global Crescent Market By Region, From 2020-2025 ( USD Billion )
  22. Global Tri-Plannar Market By Region, From 2020-2025 ( USD Billion )
  23. Global Cable Market By Region, From 2020-2025 ( USD Billion )
  24. Global Bucket Market By Region, From 2020-2025 ( USD Billion )
  25. Global Conveyor Belts Market By Material, From 2020-2025 ( USD Billion )
  26. Global Metals Market By Region, From 2020-2025 ( USD Billion )
  27. Global Polymers Market By Region, From 2020-2025 ( USD Billion )
  28. Global Conveyor Belts Market By Product, From 2020-2025 ( USD Billion )
  29. Global Flat Belts Market By Region, From 2020-2025 ( USD Billion )
  30. Global Modular Belts Market By Region, From 2020-2025 ( USD Billion )
  31. Global Cleated Belts Market By Region, From 2020-2025 ( USD Billion )
  32. Global Conveyor Belts Market By Installation, From 2020-2025 ( USD Billion )
  33. Global Portable Market By Region, From 2020-2025 ( USD Billion )
  34. Global Stationary Market By Region, From 2020-2025 ( USD Billion )

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