What Has Been Conveyor Belt Market in Recent Years?
The conveyor belt market has seen considerable growth due to a variety of factors.
• The market size of the conveyor belt has seen consistent expansion in the past few years. It is projected to escalate from $5.56 billion in 2024 to $5.78 billion in 2025, with a compound annual growth rate (CAGR) of 3.9%.
Factors contributing to the growth during the historic period include industrialization, expansion of the mining industry, automation in manufacturing, the burgeoning food and beverage sector, amplification in global trade, and efficiency improvements in agriculture.
What Is The Forecast For The Conveyor Belt Market By 2029?
The conveyor belt market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for conveyor belts is anticipated to witness robust expansion in the forthcoming years. The market is projected to inflate to a value of $7.11 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%.
The escalation forecasted for this period is linked to various factors such as renewable energy plans, emphasis on sustainability, intelligent conveyor mechanisms, advancements in urbanization and infrastructure, along with the requirements of e-commerce fulfillment centers. The prediction period also identifies key trends like the development of innovative conveyor belt materials, smart monitoring systems for conveyors, lightweight and modular belts, inclusion of automation and robotics in conveyor systems, initiatives for conveyor belt recycling, and customization tailored for specific industries.
What Factors Are Driving Growth In The Conveyor Belt Market?
The conveyor belt market is set for expansion due to the escalating number of air travel trips. The precipitous rise in disposable income, improving quality of life, and the growing accessibility of economical air travel have led to an upswing in global air passenger journeys. This swift increase in air travel is compelling governments worldwide to construct new airports, which, in turn, are projected to bolster the demand for conveyor belts, an essential component facilitating luggage transportation within airports. To illustrate, as per a report unveiled in May 2022 by the International Civil Aviation Organization (ICAO), a United Nations agency and a worldwide assembly for civil aviation, there was a 65% upsurge in the number of air passengers from January to April 2022 relative to the same period in 2021, and the total number of aircraft flight take-offs amplified by 30%. Accordingly, with the growth in air passengers and air travel, the conveyor belt market is anticipated to witness increased demand throughout the forecasted period.
How Is The Globa Conveyor Belt Market Divided Into Key Segments?
The conveyor belt market covered in this report is segmented –
1) By Type: Overhead, Floor, Roller, Pallet, Crescent
2) By Installation: Portable, Stationary
3) By Material: Metal, Polymer
4) By Application: Light Weight, Medium Weight, Heavy Weight
5) By End-User: Mining, Food And Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing, Other End-Users
Subsegments:
1) By Overhead: Monorail Systems, Enclosed Track Systems, I-Beam Systems, Overhead Chain Conveyors
2) By Floor: Belt Conveyor Systems, Slat Conveyors, Modular Belt Conveyors, Flat Belt Conveyors, Troughed Belt Conveyors
3) By Roller: Gravity Roller Conveyors, Powered Roller Conveyors, Motorized Roller Conveyors, Chain Driven Roller Conveyors, Belt Driven Roller Conveyors
4) By Pallet: Chain Pallet Conveyors, Roller Pallet Conveyors, Automated Pallet Systems, Pallet Lifts And Elevators
5) By Crescent: Fabric-based Crescent Belts, Modular Crescent Belts, Heavy-duty Crescent Belts, Spiral Crescent Belts
Pre-Book The Conveyor Belt Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Conveyor Belt Market Landscape?
The surge in technological innovation is a significant trend gaining traction in the conveyor belt market. Producers within this market are leveraging advancements such as environmentally friendly conveyor belts, direct drive motors, intelligent conveyors, vacuum conveyors, adaptive conveyors, and more to meet sector needs and consolidate their presence in the market. Environmentally friendly conveyors help transport materials with minimal environmental damage, reduce leakage, and guard the items from dust and damaging particles. For instance, in April 2022, the German manufacturing firm BEUMER Group - an expert in intralogistics systems - debuted an environmentally friendly U-shaped conveyor belt. This U-shaped conveyor enhances port terminal operations' efficacy and sustainability. The design accommodates larger mass flows compared to a pipe conveyor, and tighter curve radii than a troughed belt conveyor, all while maintaining dustless transportation. The idlers transform the belt into a sealed tube, protecting the transported material from external forces and preventing environmental contamination through material loss, dust, or smell.
Who Are the Key Players in the Conveyor Belt Market?
Major companies operating in the conveyor belt market include:
• ContiTech AG
• Bridgestone Corporation
• Bando Chemical Industries Ltd.
• Apache Inc.
• Sandvik AB
• The Yokohoma Rubber Co. Ltd.
• Rexnord Corporation
• Habasit AG
• Zhejiang Sanwei Rubber Item Co. Ltd.
• Intralox LLC
• Zhejiang Double Arrow Rubber Co. Ltd.
• Megadyne Group
• Chiorino S.p.A.
• Ashworth Bros. Inc.
• GKD Gebr. Kufferath AG
• Wire Belt Company Limited
• Smiley Monroe Ltd.
• Phoenix Conveyor Belt Systems GmbH
• Oriental Rubber Industries Pvt. Ltd.
• Fenner Group Holdings Ltd.
• Elastomerik Belts Private Limited
• Tenova SpA
• Sempertrans Conveyor Belt Solutions GmbH
• Forbo Siegling GmbH
• Ammeraal Beltech Holding B.V.
• Derco BV
• Dunlop Conveyor Belting
• Mafdel
• Esbelt S.A.
• Sparks Belting Company
What are the Regional Insights into the Conveyor Belt Market?
Asia-Pacific was the largest region in the conveyor belt market in 2024. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the conveyor belt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
