conveyor belt market market size opportunity global analysis outlook 2021

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Global Conveyor Belts Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021


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Global Conveyor Belts Market Overview

Conveyor belts are basically employed to carry goods. The

system is composed of two or more pulleys and a belt

rotating on them helping the material to be transported

conveniently and efficiently from one point to another.

The belt used in the system is made up of rubber with

uniform composition throughout. The conveyor belts find

majority of its application in industries like

manufacturing, food & beverage retail, government

facilities like airport and railways.

The global conveyor belt market is directly proportional to

the industrialization, GDP growth, economic activity and

growth in infrastructural developments such as shopping

mall, complexes, airport & retail space. The conveyor belt

market all across the globe has grown at a rapid pace over

the past few years and is anticipated to expand at

significant rate near future.

Market segmentation

By Type:-

The research has been conducted on different types of

conveyor belts that are being used for different

application depending upon the weight of the


materials to be shifted. The conveyor belts are

characterized into following categories:-

Light-weight conveyor belts

Medium-weight conveyor belts

Heavy-weight conveyor belts

By End User:-

Conveyor belts are used in different industries for

varied applications. The study has been conducted deeply

on industries:-

Automotive Industries

Airport & Railways

Shopping Malls & Commercial Retail Spaces

Food and Beverages Industries

Goods Manufacturing Industries

Mining

Others

By Geographical Regions:- In 2015, Asia-Pacific captured the highest share in the global conveyor belt market followed by North America. By geography, the conveyor belt market is segmented into:

North America Latin America Western Europe Eastern Europe Middle East & Africa Asia-Pacific


Growth drivers and challenges

Economical investments, growth in the industrial output,

increased number of air travellers, better GDP growth

especially in developing countries such as China and India,

up-surged demand for ready to eat and drink food items, a

steep rise in mining activity especially in India, China,

Brazil etc. are some of the major growth drivers of global

conveyor market. The use of industrial conveyor systems

enables manufacturers to reduce inventory levels and in

turn, reduce overall costs.

Conveyor belts are mainly used to meet the demand using

existing resources in an efficient way hence meeting the

cost-effectiveness and versatility of the business

requirements. A continuous strain on companies to cut on

labor wages and operational expenses have forced many

industries to opt to for mechanized way and conveyor belts

especially in food and beverages industry is the only

solution for such problems.

However, high installation cost, continuous support and

maintenance for effective performance of conveyor

equipment are projected to dampen the global conveyor

market.


Market size and forecast

Expanding at 3% CAGR, global conveyor belt market is

expected to expand at a modest growth rate in near future

with Asia-Pacific to be the biggest market. Asia-Pacific is

expected to be the fastest growing region for conveyor

belts in the next few years. The region comprises of two of

the fastest emerging economies across the globe; India and

China.

Source: Research Nester

It has been noticed that over the past few years,

multinational companies from developed countries have

installed their production base in countries such as India

45% 4%

XX%

XX%

4%

XX

Global Conveyor Belt Market Share(%) Forecast 2020- By Major Geographies

Asia-Pacific Eastern Europe North America MEA Western Europe Rest of the world


and China, due to availability of cheaper factors of

production such as labor, raw material, and equipment.

After Asia-Pacific, North America is expected to be the

second largest market for conveyor belts and anticipated

to grow at a better pace in the forecast period. The

medium-weight conveyor belt segment dominated the

global conveyor belt market during 2015 and accounted for

almost 56% of the total market share. The availability of

cost-efficient raw materials, labor, and equipment coupled

with growth in manufacturing activities has increased

market share of medium-weight conveyor belt in the

previous year.

Key players

Some of the leading players identified across the value

chain in global conveyor belt market include:-

Bando Chemical Industries Bridgestone ContiTech Fenner Yokohama Goodyear QingDao Rubber

Zhejiang Double Arrow


Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Middle East and North Africa (MENA)

Rest of World

Segmentation

By Equipment Type

By End-User

By Region

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity


Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment


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conveyor belt market market size opportunity global analysis outlook 2021

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