The United States conveyor belt market size reached US$ 1.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.6% during 2023-2028.
A conveyor belt is a mechanical strip used for moving objects in various materials handling processes. It consists of a drive, support stand, extremity pulley and driving pulley and is used to transport products in a straight line or through changes in elevation or direction. Light-weight, medium-weight and heavy-weight are some of the commonly available variants of conveyor belts. They are manufactured using polyvinyl chloride and materials, such as styrene-butadiene rubber, nylon and polyester. Conveyor belts are convenient to use, efficient, and cost-effective, accommodate changes in elevation and aid in handling heavy and bulky materials. They find extensive applications across various industries, such as manufacturing, aviation, mining, chemical and oil and gas.
The United States conveyor belt market is primarily being driven by the increasing product utilization in the retail industry. Conveyor belts assist manufacturers and retailers to sort goods and increase their delivery efficiency. Moreover, various technological advancements, such as the integration of connected devices with artificial intelligence (AI) and machine learning (ML) solutions to increase productivity, efficiency and minimize spillage and risks of injuries, are providing a thrust to the market growth. Conveyor belts are also widely used for various applications, such as baggage handling, food processing, packaging and transporting raw materials and finished products. In line with this, the introduction of an activated roller belt (ARB) to transform the bulk flow of packages into a single-file stream is also positively impacting the market growth. Other factors, including extensive infrastructural development, along with the presence of strong industrial sector in the country, are anticipated to create a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States conveyor belt market report, along with forecasts at the country and regional level from 2023-2028. 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 Region:
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, Region
||Northeast, Midwest, South, West
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Key Questions Answered in This Report:
- How has the United States conveyor belt market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States conveyor belt market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States conveyor belt market and who are the key players?
- What is the degree of competition in the industry?