Top 5 Conveyor Belt Manufacturers in the World

The global conveyor belt market reached a value of US$ 6.8 Billion in 2023. As per the analysis by IMARC Group, the top companies in the conveyor belt industry are focusing on product innovations, such as developing new materials and design which improves the performance, durability, and efficiency of the products. In line with this, the introduction of smart conveyor belts that are equipped with sensors, cameras, and machine learning (ML) algorithms to optimize performance, identify potential issues, reduce downtime, and lower maintenance costs, is providing an impetus to the market growth. Apart from this, the recent development of magnetic conveyor belts, which aid in transporting fragile and irregularly shaped materials from one place to another at high speed and minimum vibrations, is positively influencing the market growth. Moreover, key players are focusing on the development of sustainable conveyor belts that are manufactured using biodegradable and eco-friendly materials, such as recycled rubber and plastics, bamboo, hemp, and cotton, are favoring the market growth. Besides this, the widespread product adoption due to the increasing demand for automation in manufacturing, food processing, automotive, e-commerce, and other industries to increase efficiency, save time, and boost productivity, is propelling the market growth. Furthermore, the implementation of stringent safety regulations by several governments is facilitating product utilization in hazardous environments, such as mining and construction activities. Other factors, including rapid industrialization activities, increasing investment in the development of advanced products, and the growing product demands in airports, seaports, and railway stations, are anticipated to drive market growth. Looking forward, IMARC Group expects the market value to reach US$ 8.7 Billion by 2032, growing at a CAGR of 2.7% during the forecast period (2024-2032.).

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List of Top Manufacturers Operating in the Conveyor Belt Industry:

The global conveyor belt market has several major players including Bando Chemical Industries, Ltd., Fenner, Intralox, Volta Belting Technology Ltd., and Fives. More information about these companies has been provided below. 

1. Bando Chemical Industries, Ltd.

Bando Chemical Industries, Ltd. is a leading processor of rubber and other chemical materials. Its major products include automotive parts, high-performance rollers, conveyor belts, polyvinyl chloride (PVC) films, sensors, and advanced elastomers. The company's products are used in various applications, such as power transmission, fluid power, conveyance, and motion control. Furthermore, it aims to invest heavily in research and development (R&D) of core technologies to expand its business presence in various key areas, such as medical and healthcare equipment, transportation, electronic materials, and robotics.

2. Fenner

Fenner is a global manufacturing company that specializes in power transmission belts, industrial hoses, conveyor belts, sealing materials, and other engineering solutions. Its products are widely utilized across mining, oil and gas, agriculture, transportation, aerospace, and construction industries. The company also offers multiple services to its clients, including installation, maintenance, overhaul, refurbishment, and diagnostic services. Furthermore, Fenner focuses on using the latest technologies, continuous research, development, and innovation activities to provide a competitive edge in the market.

3. Intralox

Intralox is a multinational company (MNC) that provides conveying solutions and services. It also specializes in producing food-grade conveyor belts that are safe and hygienic for various food processing, medical, and healthcare applications. The company is also known for offering targeted and tailor-made solutions to its clients, which aids in increasing efficiency, maximizing production rate, and enhancing operational capabilities. In line with this, Intralox has developed a wide range of patented technologies, which provide gentle and precise sorting, merging, and aligning of products on the conveyor belt. It serves a diverse customer base across various industries, including food processing, beverage, automotive, industrial, and logistics.

4. Volta Belting Technology Ltd.

Volta Belting Technology Ltd. is a global manufacturer of homogenous conveyor belts and related accessories, such as rollers, tracking devices, and splicing tools. It offers various conveyor solutions, such as horizontals, elevators, center drives, troughs, and profile belts, to multiple industries, including food processing, recycling, and ceramic tile manufacturing. The company uses state-of-the-art equipment and production techniques to ensure consistent product quality and performance. Volta Belting Technology Ltd. products are known for their highly durable materials, dimensional exactitude, and superior stability.

5. Fives

Fives is an industrial engineering group that designs and manufactures machines, process equipment, and production lines for various industries, such as aerospace, cement, chemical, and logistics. The company provides advanced technologies and services for various industries, including combustion systems, process automation, industrial furnaces, and more. Fives Technologies offers integrated solutions that combine conveyor belts with other automation technologies, such as sorters, robots, pick-and-place systems, and software solutions. The company invests significantly in research and development (R&D) to develop new conveyor belt technologies, improve existing solutions, and stay at the forefront of technological advancements in the industry.

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