A recent report published by Infinium Global Research on conveyor belt market provides in-depth analysis of segments and sub-segments in the global as well as regional conveyor belt market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional conveyor belt market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global conveyor belt market. According to the report, the global conveyor belt market is projected to grow at a CAGR of 3.6% over the forecast period of 2019-2025.
Conveyor belt market is highly competitive. Companies are using efficient techniques to increase their productivity. Companies operating in the conveyor belt market are focusing on mergers, acquisitions, and new product launches that promote market share maximization.
The increasing use of conveyor belt in material handling in various sectors such as mining, cement, steel & iron contributes to the growth of the conveyor belt market. The growing automation drives the growth of the conveyor belt market. The rising infrastructural activities fuel the growth of the conveyor belt market. Rising demand for the e-commerce industry contributes to the growth of the conveyor belt market due to the use of conveyor belts for warehouse and distribution purposes Macroeconomic factors like growth in GDP promote the growth of the conveyor belt market. In addition, increasing demand for eco-friendly conveyor belts combined with self-cleaning features propels the growth of the conveyor belt market. On the flip side, high maintenance costs due to mechanical damages hamper the growth of the conveyor belt market. Moreover, technological advancements create novel opportunities for the growth of the conveyor belt market.
Based on geography, the conveyor belt market is divided into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is anticipated to dominate the global conveyor belt market. The growing industrial investments in countries like India and China drive the growth of the conveyor belt market in the Asia-Pacific region. North America is expected to grow in the global conveyor belt market with a healthy CAGR over the forecast period. The growing infrastructural development in North America stimulates the growth of the conveyor belt market. Europe is showing growth in the global conveyor belt market.
The report on global conveyor belt market covers segments such as type, belt type, and end-user. On the basis of type, the sub-markets include overhead, roller, floor, pallet, and crescent. On the basis of belt type, the sub-markets include lightweight, medium-weight, and heavy-weight. On the basis of end-user, the sub-markets include retail, poultry and dairy, food & beverage, automotive, industrial, and other end-user.
The report provides profiles of the companies in the market such as TGW Logistics Group, Siemens AG, Emerson Electric Co. Pvt. Ltd., Honeywell Intelligrated, Daifuku Co. Ltd., Taikisha Global Ltd., Fives Group, Interoll Holding GmbH, Vanderlande Industries B.V., Swisslog Holding AG, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of conveyor belt market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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