Global Conveyor Belt Market Trends, Forecast Report 2025-2037
Conveyor Belt Market size is projected to increase from USD 4.18 billion to USD 6.87 billion, reflecting a CAGR of over 3.9% during the forecast period, from 2025 through 2037. In the year 2025, the industry size of conveyor belt is evaluated at USD 4.31 billion.
The market growth can be attributed to increasing number of air traffic passengers driven by the increasing need, advancement, and development of new airports. The construction of Beijing Daxing International Airport China, which is expected to be operational in 2019, has been underway. In the future, the new airport plans to have a total of 7 runways for 620,000 flights and 100 million passengers each year. This is anticipated to raise the demand for conveyor belt in the airport industry.
Increased automation of industry, especially in manufacturing, mining, and logistics sectors, is a driving force behind the dynamic landscape. Demand for these reliable material handling solutions is growing as a result of increased emphasis on safety and efficiency. The conveyor belt market is ensured by advances in belt material, smart monitoring systems, and adaptable designs. It will continue to grow, creating attractive prospects for innovative players.
Conveyor Belt Market: Growth Drivers and Challenges
Growth Drivers
- Growing Industrialization and Infrastructure Development - In industries such as mining, manufacturing, and construction, where industrialization is still ongoing, particularly in developing economies like China, India, and Brazil, there is a strong demand for belt conveyors. As countries concentrate on infrastructure development projects such as highways, airports, and bridges, the demand for raw materials and their transport efficiency is rising. In these sectors, conveyor belts provide an efficient way to move huge quantities of material over great distances. In addition, the conveyor belt market has grown as a result of e-commerce growth and an expansion of warehouses and distribution centres around the world which are essential to sorting and shipping operations in such facilities.
- Growing Technological Advancement - Smart conveyors that use artificial intelligence, the Internet of Things, and sensors for predictive maintenance, real-time monitoring, and optimum material flow. Consider belts that can withstand high temperatures, streamlined, low friction surfaces, and lightweight modular designs that are suitable for certain applications. This is one of the significant factors boosting the conveyor belt market growth of conveyor belts in the projected period.
Challenges
- High Installation and Production Cost Included - A significant investment is needed to buy and install the latest generation of belt systems. Many SMEs and businesses in developing countries may be unduly burdened with the upfront costs of installing belt conveyor systems. Consequently, some enterprises may be deterred from adopting or updating conveyor belt systems, which operate as a market restraint, due to high initial operating and maintenance costs.
- Lack of Skilled Labor is estimated to hinder market growth in the upcoming period
- Competition from alternatives is set to restrict the conveyor belt market growth in the forecast period.
Conveyor Belt Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.9% |
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Base Year Market Size (2024) |
USD 4.18 billion |
|
Forecast Year Market Size (2037) |
USD 6.87 billion |
|
Regional Scope |
|
Conveyor Belt Segmentation
Type (Crescent, Floor, Overhead, Pallet, Roller)
The floor segment is anticipated to hold notable revenue share by 2037. Usually, the floor conveyor belts are smooth and tend to run parallel to the ground. The main driver of the floor conveyor belt market is the manufacturing countries such as China, Japan, South Korea, and Taiwan. It is common for floor conveyor belts to be flat and run parallel to the earth. For the transport of goods inside a facility, such as warehouses, distribution centers, or production facilities, they are applied in different industries. To move four-wheel carts in a loop, carrying large products or materials for assembly, powered by guiding rollers, the floor uses a chain, cable or linkage. For heavy objects with uneven lower surfaces, floor-mounted chain conveyors are an excellent choice. In order to fit the layout of the facility, optimize space utilization, and allow for a seamless flow of materials in areas where there is little or no space, floor conveyor belts can be adapted.
Belt Type (Heavy-Weight, Medium-Weight, Lightweight)
Based on belt type, the mediumweight segment in conveyor belt market is set to hold highest share during the forecast period. For a wide range of applications where moderate strength and flexibility are required, medium-weight conveyor belts are appropriate. In industries such as production, packaging, and logistics for the transport of goods, parts, or materials within a facility or across different processes, they are frequently employed. The materials used for these belts are usually rubber, PVC, or fabrics that are reinforced with Polyester and Nylon. Amazon's fulfillment centers have up to 11 miles of conveyor belts, which carry products from the picking area to loading and packaging into single or multiload areas in a warehouse.
Our in-depth analysis of the global conveyor belt market includes the following segments:
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Type |
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Belt Type |
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Material |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Conveyor Belt Industry - Regional Synopsis
APAC Market Forecasts
The Asia Pacific region is set to dominate the conveyor belt market share of 56% by the end of 2037. The demand for efficient material handling solutions is driven by the region's status as a manufacturing superpower, with China, India, and Vietnam leading industrial growth. The market is also propelled by flourishing infrastructure development, a boom in e-commerce, and the rapid adoption of automated processes.
The Government of the region is actively involved, pouring money into investments. Infrastructure projects, as well as the implementation of supportive policies. This promotes a favorable environment for manufacturers and suppliers of the belt. Technological developments, which are capable of offering more light, greater strength, and durable belts that meet the needs of different industry sectors, have a key role in this respect. The requirements for the construction of elastomeric and steel cord conveyor belts in general material handling shall be covered by IS 15427, Indian Standard. It is not applicable to conveyor belting for underground mines and such other hazardous applications.
North American Market Analysis
The conveyor belt market in the North America region is estimated to hold a notable share during the forecast period. The North America market for conveyor belts is mature, with a large base of industry and well-developed production sectors as well as modern logistics infrastructures. A key driver of the USA market is e-commerce growth, in addition to a growing demand for automation at production units and warehouses. Demand is also supported by the mining industry in this region, especially as regards coal and minerals.
Companies Dominating the Conveyor Belt Landscape
- Siemens AG
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Continental AG
- Interroll (Schweiz) AG
- Honeywell International Inc.
- ASGCO
- Daifuku Co. Ltd.
- Vanderlande Industries B.V.
- Taikisha Ltd.
- Dunlop Conveyor Belting
- Luna Innovations Incorporated
Recent Developments
- Luna Innovations Incorporated was awarded a large contract to monitor 40 km of conveyor belt in 11 South African mines for heat detection on September 23, 2023. Lunas has entered into an agreement with a leading risk management solution provider in southern Africa that provides services to the mining operator.
- In May 2022, Dunlop Conveyor Belting introduced a new and totally unique concept of heat resistant belting, which they claim is the first truly new heat resistant belt design to be made available to industrial users. The OptimaHeat Xtreme is a revolutionary singleply high heat resistant belt developed in cooperation with its sister company Dunlop of the United States.
- Report ID: 3185
- Published Date: Jan 28, 2025
- Report Format: PDF, PPT
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