The North America conveyor belt market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.39% 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.
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America conveyor belt market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type and end-use.
Key Regions Analysed
Analysis for Each Country
Market by Product Type
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Market by End-Use
Mining and Metallurgy
Chemicals, Oils and Gases
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Base Year of the Analysis
Product Type, End-Use, Country
United States, Canada, Mexico
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