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Conveyor Belt Market Segmentation by Material (Metal, Polymers, and Others); by Application (Heavy, Medium, and Light Weight); by End-User (Mining, Construction, Supply Chain, Aviation, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Conveyor Belt Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • March 09, 2021: Emerson Electric Co., and IMA Active announced their collaboration to co-develop continuous manufacturing software for the supply chain sector.
  • August 12, 2020: Eindhoven Airport to allow Vanderlande to run tests in a live environment for its conveyor belt technology, so that it can innovate, optimize and simplify the airport processes.

Global Conveyor Belt Market Highlights over 2022-2030

The global conveyor belt market is estimated to garner a notable revenue by growing at a CAGR of ~6% over the forecast period, i.e., 2022–2030. The growth of the market can be attributed to the increasing use of conveyor belts in the various end-user industries, such as, mining, and construction. The growth in these end-user industries is anticipated to positively impact the growth of the conveyor belt market. Moreover, increasing number of airports, backed by rising passenger footfall in the aviation industry is projected to boost the market growth. For instance, more than 60 airports are under construction globally, which will operate by the end of 2021. Similarly, the growing mining activities around the world, is estimated to up-surge the growth of the market. In 2019, the total revenue of the major mining companies crossed USD 700 billion, whereas the total revenue is estimated to amount over USD 1050 billion. CLICK TO DOWNLOAD SAMPLE REPORT

Global-Conveyor-Belt-Market-Overview

The global conveyor belt market is segmented by material into metal, polymers, and others, out of which, the polymers segment is anticipated to hold the largest share in the market during the forecast period on account of increasing innovation in building new and better polymers, such as, polyester. Moreover, the fluctuating prices of metals, is estimated to promote the polymers segment growth.

On the basis of end-user, the market is segmented into mining, construction, supply chain, aviation, and others, out of which the mining segment is anticipated to garner the highest share in the market over the forecast period, owing to the growing investment and revenue generated in the industry. Moreover, conveyor belts are a necessity for mines to transport heavy material. Alternatively, the supply chain segment is also anticipated to gain significant share throughout the forecast period, on the back of the rising manufacturing sector in developing nations.

Global Conveyor Belt Market Regional Synopsis

Regionally, the global conveyor belt market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to garner largest share over the forecast period on the back of growing mining and manufacturing activities in the region. According to the World Bank, in 2019, 13.793% of the total GDP of South Asia was contributed by manufacturing sector. Growth of supply chain industry in countries, such as, China, Vietnam, and India, is estimated to drive the market growth in the region.

The market in the Europe region is estimated to grow with the highest CAGR over the forecast period, owing to the increasing mining activities in countries, such as, Russia, with more than 130 coal mines, 70% of the world’s lead reserve, and major mines for copper, gold, iron, nickel, and other metals. Moreover, growth in the construction and aviation industry, especially in the western Europe, is estimated to boost the market growth. According to the data by the Organization for Economic Co-operation and Development (OECD), in 2019, Germany spent USD 1.88 billion for construction of airports, while France spent USD 1.029 billion for the same.

Global-Conveyor-Belt-Market-Share

The global conveyor belt market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global conveyor belt market includes the following segments:

By Material

  • Metal
  • Polymers
  • Others

By Application

  • Heavy Weight
  • Medium Weight
  • Light Weight

By End-User

  • Mining
  • Construction
  • Supply Chain
  • Aviation
  • Others

Growth Drivers

  • Growing Mining Activities Globally
  • Increasing Use of Conveyor Belts in Airports

Challenges

  • Increasing Adoption of Automated Robots and Drones in End-User Industries

Top Featured Companies Dominating the Market

  • Siemens AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • FIVES
  • Continental AG
  • Daifuku Co., Ltd.
  • Interroll Group
  • Honeywell Intelligrated
  • TGW Logistics Group GmbH
  • Swisslog Holding AG
  • Vanderlande Industries B.V.
  • Emerson Electric Co.

 

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