A conveyor belt is primarily employed for carrying objects from one point to another. They are generally used for transportation in close distances, generally within a building, and in connecting assembly lines to the final inspection and packing lines. The material to be transported is placed on the belt and is carried to the end point, horizontally or along an inclined slope. This system comprises of two or more pulleys to rotate the belt in continuous circles. The high versatility, light weight nature, and cost-effectiveness have made conveyor belts highly popular across various industries. According to IMARC Group’s latest report, titled “Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global conveyor belt market reached a value of US$ 5.7 Billion in 2018.
A growing demand from the power, mining, and manufacturing industries represent one of the key factors driving the global conveyor belt market. As a result of heavy competition in the market, these industries are majorly reliant on efficient techniques to increase their productivity. The demand for conveyor belts is also boosted by the growth of infrastructural activities and macroeconomic factors such as GDP growth. Another major market trend that is gaining momentum is the growing demand for eco-friendly conveyor belts with self-cleaning properties, which tend to improve the operational costs of the industries. Owing to the above-mentioned forces, the market is expected to reach a value of US$ 6.9 Billion in 2024, growing at a CAGR of 3.4% during 2019-2024.
The report has segmented the market on the basis of type into medium-weight conveyor belt, lightweight conveyor belt and heavyweight conveyor belt, wherein medium-weight conveyor belt is the most popular product type. On the basis of end-use, the report is categorised into metallurgy industry, chemical industry, steel-making industry and others. Region-wise, Asia-Pacific represents the leading market, followed by Europe and North America. Other major regions include Middle East and Africa, and Latin America. On analysing the import-export scenario, it is found that the United States is the largest importer, and Germany is the largest exporter. The report has also analysed the competitive landscape of the market with some of the key global players being Bando Chemical Industries, Ltd., Fenner, Intralox, Volta Belting Technology Ltd. and Fives.
This report provides a deep insight into the global conveyor belt market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the conveyor belt industry in any manner.
Key Questions Answered in This Report:
- How has the global conveyor belt market performed so far and how will it perform in the coming years?
- What are the key regions in the global conveyor belt market?
- What are the key end-use segments in the global conveyor belt market?
- Which are the popular product types in the global conveyor belt market?
- What are the import and export trends of conveyor belt?
- What are the various stages in the value chain of the global conveyor belt market?
- What are the key driving factors and challenges in the global conveyor belt market?
- What is the structure of the global conveyor belt market and who are the key players?
- What is the degree of competition in the global conveyor belt market?
- How is conveyor belt manufactured?
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 Market Breakup by Product Type
5.4 Market Breakup by End Use
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
6 Market Breakup by Product 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 Figures
Figure 1: Global: Conveyor Belt Market: Major Drivers and Challenges
Figure 2: Global: Conveyor Belt Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Conveyor Belt Market: Breakup by Type (in %), 2018
Figure 4: Global: Conveyor Belt Market: Breakup by End Use (in %), 2018
Figure 5: Global: Conveyor Belt Market: Breakup by Region (in %), 2018
Figure 6: Global: Conveyor Belt Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2011 & 2018
Figure 11: Global: Medium-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Light-Weight Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Light-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Heavy-Weight Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Heavy-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Conveyor Belt Market (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Conveyor Belt Market Forecast (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2019-2024
Figure 18: Global: Conveyor Belt Market (in Manufacturing): Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Conveyor Belt Market Forecast (in Manufacturing): Sales Value (in Million US$), 2019-2024
Figure 20: Global: Conveyor Belt Market (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Conveyor Belt Market Forecast (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2019-2024
Figure 22: Global: Conveyor Belt Market (in Aviation): Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Conveyor Belt Market Forecast (in Aviation): Sales Value (in Million US$), 2019-2024
Figure 24: Global: Conveyor Belt Market (Other Uses): Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Conveyor Belt Market Forecast (Other Uses): Sales Value (in Million US$), 2019-2024
Figure 26: Asia Pacific: Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 27: Asia Pacific: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 28: Europe: Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: Europe: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: North America: Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: North America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Middle East and Africa: Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Middle East and Africa: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Latin America: Conveyor Belt Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Latin America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Global: Conveyor Belt: Import Breakup by Country (in %),
Figure 37: Global: Conveyor Belt: Export Breakup by Country (in %),
Figure 38: Conveyor Belt Manufacturing: Process Flow
List of Tables
Table 1: Global: Conveyor Belt Market: Key Industry Highlights, 2018 and 2023
Table 2: Global: Conveyor Belt Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Conveyor Belt Market Forecast: Breakup by End-Use (in Million US$), 2019-2024
Table 4: Global: Conveyor Belt Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Global: Conveyor Belts: Import Data by Country,
Table 6: Global: Conveyor Belt: Export Data by Country,
Table 7: Conveyor Belt: Raw Material Requirements
Table 8: Global: Conveyor Belt Market: Competitive Structure
Table 9: Global: Conveyor Belt Market: Key Players