Conveyor Belt Market Report 2019 | Key Players: Bando Chemical Industries, Ltd., Fenner, Intralox

Global conveyor Belt Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Global Conveyor Belt Market Overview: According to the latest report by IMARC Group, titled “ Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2 024 �, the global conveyor belt market reached a value of more than US$ 5.68 Billion in 2018. Conveyor belts are mechanical devices which include two or more pulleys with a moving belt or chain deployed for carrying objects from one place to another. The objects placed on the belt can be transported horizontally or along an inclined slope. A continuous loop of rubber, leather, metal, plastic or fabric is formed by the belt which is supported either on a metal slider pan or on rollers. Nowadays, different lightweight and cost-effective varieties of conveyor belts are available in the market. These are generally utilised for numerous applications such as airports, food processing along with different types of transport sectors.

With the consistent use of industrial conveyor systems, the producers are enabled to reduce their inventory levels. This helps in decreasing the overall production cost which is one of the primary factors driving the growth of the market. In addition to this, conveyor belts help in enhancing the order-todelivery cycle on account of a rising need of rapid delivery and production techniques. This has, in turn, contributed towards an augmented demand for conveyor belts across the globe.

Report Description and Highlights

157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

Report Description

180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

However, the installation, repairing and maintaining costs of conveyor systems are immensely high owing to which small- and medium-sized industries have become increasingly reluctant to invest in the market. Looking forward, the market value is projected to exceed US$ 6.94 Billion by 2024, expanding at a CAGR of 3.38% during 2019-2024.

Request for a free sample report: https://www.imarcgroup.com/conveyor-belt-market/requestsample

Report Description and Highlights

Report Description

Moreover, the growth of the market is being positively impacted by a significant increase in the demand for automation in material handling, advancements made in technologies as well as a surge in environmental concerns due to which eco-friendly conveyor systems have been developed.

For more information, click here: https://www.imarcgroup.com/conveyor-belt-market Market Segmentation by Product Type • • •

Medium-Weight Conveyor Belt Light-Weight Conveyor Belt Heavy-Weight Conveyor Belt

The conveyor belt market has been segmented on the basis of product type which include mediumweight conveyor belt, light-weight conveyor belt and heavy-weight conveyor belt. Amongst these, medium-weight conveyor belts represent the largest segment owing to their vast load bearing capacity.

Market Segmentation by End-Use •

Mining and Metallurgy

Report Description and Highlights

Report Description • • • •

Manufacturing Chemicals, Oils and Gases Aviation Others

Based on end-use, the market has been segregated into mining and metallurgy, manufacturing, chemicals, oils and gases, and aviation. Currently, mining and metallurgy sector dominates the market on account of increasing usage of conveyor belts for transporting various materials over short distances.

Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

On a geographical front, Asia-Pacific represents the largest market for conveyor belts.

Report Description and Highlights

Report Description

This can be accredited to a substantial rise in the manufacturing activities across the region. Asia-Pacific is followed by North America, Europe, Middle East and Africa, and Latin America.

Market Segmentation by Import and Export • •

Imports by Major Countries Exports by Major Countries

The import-export trends of the market have been covered, according to which the United States is found to be the largest importer whereas, Germany represents the largest exporter for conveyor belts.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • •

Bando Chemical Industries, Ltd. Fenner Intralox

Report Description and Highlights

Report Description • •

Volta Belting Technology Ltd Fives

Browse Related Report Hydration Belt Market Report: https://www.imarcgroup.com/hydration-belt-market Flat Glass Market Report: https://www.imarcgroup.com/flat-glass-market

A partial List of

We are the trusted business partners to the

Clients world's leading corporates, governments, and ourPartial ClientsList of institutions

A partial List of

We are the trusted business partners to the

of Clients leading corporates, governments, and ourPartial ClientsListworld's institutions

Report Description and Highlights

Report Description

Š 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com