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Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global conveyor belt market size reached US$ 6.33 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.77 Billion by 2027, exhibiting at a CAGR of 3.23% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A conveyor belt is material handling equipment used to transport supplies, materials, and components efficiently and effortlessly in manufacturing facilities. It is made from rubber or plastic compounds like polyvinyl chloride (PVC), polyester, styrene-butadiene rubber, and nylon fabric. It saves time and space, improves the process quality, requires less power, and offers high versatility and cost-effectiveness. Nowadays, several manufacturers are offering customized conveyor belts in different shapes and sizes to cater to the requirements of the end users of different industry verticals, such as healthcare, aviation, and construction.

 

 
 

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Conveyor Belt Market Trends:

Conveyor belts are widely employed in the food and beverage (F&B) industry to minimize human contact, reduce material handling time, and make food processing safer and more efficient. This, in confluence with the rising consumer awareness about the safety of commercial food products, represents one of the key factors bolstering the market growth. In addition, the thriving e-commerce industry is increasing the adoption of conveyor belts in warehouses and distribution centers to transport products and services, minimize labor costs, and improve productivity. Moreover, expanding construction activities worldwide are catalyzing the demand for conveyor belts to connect the broken equipment of different levels, sand production facilities, and screening equipment. This can also be attributed to governments of various countries, which are investing in infrastructural development. Besides this, there is a rise in the usage of conveyor belts in the mining industry to transport excavated and crushed rocks in an efficient manner. Apart from this, key market players are focusing on developing eco-friendly products with self-cleaning properties, which is anticipated to provide a positive outlook for the market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global conveyor belt market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and end use.

Breakup by Type:

 

 
 

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  • Medium-Weight Conveyor Belt
  • Light-Weight Conveyor Belt
  • Heavy-Weight Conveyor Belt


Medium-weight conveyor belts dominate the market as they can move products of heavy load with less power and increased productivity.

Breakup by End-Use:

  • Mining and Metallurgy
  • Manufacturing
  • Chemicals, Oils and Gases
  • Aviation
  • Others


Breakup by Region:

 

 
 

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  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America


The Asia Pacific holds the largest market share on account of increasing construction activities in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Bando Chemical Industries, Ltd., Michelin Group, Laitram, L.L.C., Volta Belting Technology Ltd., and Fives Group.

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    Impact of COVID-19
    5.4    Market Breakup by Type
    5.5    Market Breakup by End Use
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Distribution
        5.9.6    Export
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6   Market Breakup by 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$), 2016-2021
Figure 3: Global: Conveyor Belt Market: Breakup by Type (in %), 2021
Figure 4: Global: Conveyor Belt Market: Breakup by End Use (in %), 2021
Figure 5: Global: Conveyor Belt Market: Breakup by Region (in %), 2021
Figure 6: Global: Conveyor Belt Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 11: Global: Medium-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Light-Weight Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Light-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Heavy-Weight Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Heavy-Weight Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Conveyor Belt Market (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Conveyor Belt Market Forecast (in Mining and Metallurgy Industry): Sales Value (in Million US$), 2022-2027
Figure 18: Global: Conveyor Belt Market (in Manufacturing): Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Conveyor Belt Market Forecast (in Manufacturing): Sales Value (in Million US$), 2022-2027
Figure 20: Global: Conveyor Belt Market (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Conveyor Belt Market Forecast (in Chemicals, Oils and Gases): Sales Value (in Million US$), 2022-2027
Figure 22: Global: Conveyor Belt Market (in Aviation): Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Conveyor Belt Market Forecast (in Aviation): Sales Value (in Million US$), 2022-2027
Figure 24: Global: Conveyor Belt Market (Other Uses): Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Conveyor Belt Market Forecast (Other Uses): Sales Value (in Million US$), 2022-2027
Figure 26: Asia Pacific: Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Asia Pacific: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Europe: Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Europe: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Middle East and Africa: Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Middle East and Africa: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Latin America: Conveyor Belt Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Latin America: Conveyor Belt Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Conveyor Belt: Import Breakup by Country (in %), 2019
Figure 37: Global: Conveyor Belt: Export Breakup by Country (in %), 2019
Figure 38: Conveyor Belt Manufacturing: Process Flow
 
List of Tables

Table 1: Global: Conveyor Belt Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Conveyor Belt Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Conveyor Belt Market Forecast: Breakup by End-Use (in Million US$), 2022-2027
Table 4: Global: Conveyor Belt Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Conveyor Belts: Import Data by Country, 2019
Table 6: Global: Conveyor Belt: Export Data by Country, 2019
Table 7: Conveyor Belt Manufacturing: Raw Material Requirements
Table 8: Global: Conveyor Belt Market: Competitive Structure
Table 9: Global: Conveyor Belt Market: Key Players


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Key Questions Answered in This Report

The global conveyor belt market was valued at US$ 6.33 Billion in 2021.

We expect the global conveyor belt market to exhibit a CAGR of 3.23% during 2022-2027.

The emerging trend of industrial automation, along with the growing demand for advanced conveyor
belts with self-cleaning properties, improved operational costs, high energy-efficiency, etc., is primarily
catalyzing the global conveyor belt market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of conveyor belts
across diverse sectors, such as food and beverages, packaging, logistics, etc., to automate numerous
operations and limit human interaction for reducing the risk of coronavirus infection.

Based on the type, the global conveyor belt market can be segmented into medium-weight conveyor
belt, lightweight conveyor belt, and heavyweight conveyor belt. Among these, medium-weight conveyor
belt currently holds the majority of the market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global conveyor belt market include Bando Chemical Industries, Ltd.,
Fenner, Intralox, Volta Belting Technology Ltd., and Fives.

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