Conveyor Belt Market (Type - Overhead, Roller, Floor, Pallet, and Crescent; Belt Type - Lightweight, Medium-weight, and Heavy-weight; End User - Retail, Mining, Food & Beverage, Automotive, Industrial, and Other End User): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

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 global conveyor belt market.

Market Insight:

The global conveyor belt market was valued at USD 4.15 billion in 2022 and is expected to reach USD 5.74 billion in 2030, with a CAGR of 4.17% during the forecast period of 2023-2030.

A conveyor belt is a system that transports materials, goods, and even people from one place to another. Belt conveyors differ from other transportation methods because they use a belt instead of chains, spirals, hydraulics, etc. to move items. They utilize a loop of flexible material stretched between rollers that are powered by an electric motor. A conveyor system comprises two or more pulleys (known as drums) with an endless loop of carrying medium - the conveyor belt - that rotates around them, creating a pulling effect for the goods it carries. One or more of the pulleys are powered, moving the belt and the material on it forward and along the system. Conveyor systems are used for various purposes but are primarily used to save labor costs while increasing production or transportation throughput, which allows for more efficient manufacturing or sorting and quicker delivery to customers. Conveyor belts are the most commonly used because they are the most versatile and least expensive, and can transport a variety of objects.

The growing adoption of automated production lines across a wide range of industries is driving the growth of the conveyor belt market. Industries such as manufacturing, automotive, food and beverage, pharmaceuticals, and mining are increasingly implementing automation to enhance operational efficiency, reduce labor costs, and improve product quality. Conveyor belts are integral to these automated systems, facilitating the seamless movement of goods through various stages of production. Additionally, the growth of the e-commerce sector is expected to stimulate the conveyor belt market significantly. The surge in online shopping has led to a corresponding rise in the demand for efficient warehousing and logistics solutions. Conveyor belts are crucial in e-commerce warehouses, aiding in the sorting, packaging, and distribution of goods. They help in managing high volumes of parcels and ensuring timely delivery. As e-commerce continues to expand globally, the need for sophisticated conveyor systems to handle the increased load and improve logistics efficiency will further drive market growth. However, the high maintenance costs associated with conveyor belt systems can hamper market growth. Nonetheless, technological and other developments in the conveyor belt industry are expected to provide lucrative opportunities for market growth. Advances such as smart conveyor belts equipped with sensors and automation controls are revolutionizing the industry. These innovations enable real-time monitoring of belt performance, predictive maintenance, and improved energy efficiency, reducing downtime and operational costs.

The global conveyor belt market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the World. Among the regions, the Asia Pacific region is anticipated to dominate the global conveyor belt market in terms of revenue during the forecasted period. The growing industrial investments in countries like India and China drive the growth of the conveyor belt market. Rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations are driving the demand for conveyor belts. These countries are experiencing significant growth in sectors such as manufacturing, mining, and food, all of which require efficient material handling systems. Moreover, the expansion of the e-commerce sector in the Asia Pacific region is further driving the market growth. With the surge in online shopping, there is an increased need for advanced logistics and warehousing solutions, which rely heavily on conveyor belts to manage the high volume of goods. Moreover, the North America region is expected to grow at a significant rate during the forecasted period. The presence of established industries such as automotive, aerospace, and food and beverage in the United States and Canada supports the demand for conveyor systems. These industries are increasingly integrating smart conveyor belts equipped with IoT and AI technologies to enhance operational efficiency and reduce downtime. Furthermore, the region's focus on sustainability and energy efficiency is driving the adoption of environmentally friendly conveyor belt solutions.

Report Scope of the Conveyor Belt Market:

Segment Covered

The report on provides a detailed analysis of segments in the market based on Type, Belt Type, and End User.

Segmentation Based on Type

·       Retail

·       Mining

·       Food & Beverage

·       Automotive

·       Industrial

·       Other End User

Segmentation Based on Belt Type

·       Retail

·       Mining

·       Food & Beverage

·       Automotive

·       Industrial

·       Other End User

Segmentation Based on End User

·       Retail

·       Mining

·       Food & Beverage

·       Automotive

·       Industrial

·       Other End User

Companies Profiled:

·       Siemens

·       TGW Logistics Group

·       Emerson Electric Co.

·       Honeywell International Inc.

·       Daifuku Co., Ltd.

·       Interroll Group

·       Vanderlande Industries B.V.

·       Taikisha Ltd.

·       Fives Group

·       Swisslog Holding AG

Report Highlights:

The report provides deep insights into 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 the conveyor belt market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. 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.