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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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