The Europe conveyor belt market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a growth rate (CAGR) of 5.3% during 2022-2027.
A conveyor belt is a carrying medium that consists of two or more pulleys used for transporting materials. It is commonly available in medium-weight, light-weight and heavy-weight variants. It is utilized for moving products in a straight line or through changes in elevation or direction and for providing controlled movement of the products. Conveyor belts are manufactured using metal, fabric, leather, rubber and thermoplastics. They are fire-resistant, cost-effective and convenient to use and aid in handling bulky materials. They find extensive application across various industries, such as aviation, manufacturing, chemical, oil and gas, mining and metallurgy.
The Europe conveyor belt market is primarily being driven by the increasing product adoption across the aviation industry for baggage handling. There is a rising demand for automation in handling materials to reduce cargo loss, accidents and enhance operational efficiency and productivity. Moreover, various product innovations, such as the launch of the industrial conveyor belts that are oil-resistant, self-extinguishing and heat and chemical resistant, are contributing to the market growth. The increasing demand for conveyor belts in the food and beverage industry to transport raw materials out of storage systems and moving the finished food products is also favoring the market growth. Additionally, the introduction of environment-friendly product variants with energy-efficient bulbs and automatic sleep controls are driving the growth of the market. Other factors, including the presence of a strong industrial sector, along with the widespread product adoption by ecommerce retailers to increase their delivery efficiency, are anticipated to drive the market towards growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe conveyor belt market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type and end use.
Breakup by Type:
- Medium-Weight Conveyor Belt
- Light-Weight Conveyor Belt
- Heavy-Weight Conveyor Belt
Breakup by End Use:
- Mining and Metallurgy
- Chemicals, Oils and Gases
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Type, End Use, Country
||Germany, France, United Kingdom, Italy, Spain, Others
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