North America Conveyor Belt Market Report by Product Type (Medium-Weight Conveyor Belt, Light-Weight Conveyor Belt, Heavy-Weight Conveyor Belt), End-Use (Mining and Metallurgy, Manufacturing, Chemicals, Oils and Gases, Aviation, and Others), and Country 2024-2032
The North America conveyor belt market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 1.7 Billion
Market Forecast in 2032
US$ 2.4 Billion
Market Growth Rate (2024-2032)
3.9%
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 segment of the North America conveyor belt market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type and end-use.
Key Regions Analysed
United States
Canada
Mexico
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
Manufacturing
Chemicals, Oils and Gases
Aviation
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
US$ Billion
Segment Coverage
Product Type, End-Use, Country
Countries Covered
United States, Canada, Mexico
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The North America conveyor belt market was valued at US$ 1.7 Billion in 2023.
We expect the North America conveyor belt market to exhibit a CAGR of 3.9% during 2024-2032.
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 across several North American nations.
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 driving the North America conveyor belt market.
Based on the product type, the North America conveyor belt market has been segregated into medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt. Among these, medium-weight conveyor belt currently holds the largest market share.
Based on the end-use, the North America conveyor belt market can be bifurcated into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others. Currently, the mining and metallurgy sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America conveyor belt market.
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