According to the latest report by IMARC Group, titled "Japan Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the Japan conveyor belt market size reached US$ 572.4 Million in 2022. A conveyor belt is a moving belt that carries objects from one place to another. It is made from polyvinyl chloride (PVC), polyester, styrene-butadiene rubber, and nylon fabric. It is used to produce goods in a factory and transport objects from one part of a building to another. It consists of two or more pulleys, with a closed loop, around which the conveyor belt rotates. It offers high versatility and cost-effectiveness while enhancing the process quality. It finds extensive applications across diverse end-user industries, such as automotive, aviation, retail, industrial, dairy, and food and beverage.
Japan Conveyor Belt Market Trends:
The market in Japan is majorly driven by the widespread product utilization in the food and beverage sector to carry food items through various sections. Apart from this, the growing demand for better and fast material handling solutions is catalyzing product uptake. Moreover, the extensive research and development activities conducted by key players to improve conveyor belt systems in an attempt to address the increasing customer concerns over product quality, especially the durability of raw materials used in production are propelling the market. Additionally, leading players are also focusing on developing novel and inventive belt materials, including product variants with excellent heat and moisture resistance, for these systems that can satisfy consumer demand. This, in turn, is offering numerous growth opportunities in the market. Besides, the development of airports across the country and the increasing need for reducing manual labor are strengthening the market expansion. Other factors, including the rapid adoption of automated production lines and rapid urbanization, are further aiding the market growth worldwide. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 840.0 Million by 2028, exhibiting a CAGR of 6.3% during 2023-2028.
- On the basis of the type, the market has been segmented into medium-weight conveyor belts, light-weight conveyor belts, and heavy-weight conveyor belt.
- Based on the end use, the market has been categorized into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others.
- On the basis of the region, the market has been divided into Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
- The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
|Base Year of the Analysis
||Type, End Use, Region
||Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
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