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

Buy Now Report ID: 3185 | Published Date: Feb 09, 2023

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


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

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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.


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

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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.



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 Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Author Credits:  Mohd Shadab, Yashika Karodiwal

Key Questions Answered in the Report

1) What are the major factors driving the growth of the Conveyor Belt market?

Ans: Growing demand for conveyor belts in mining activities, and growing supply chain sector are the major factors driving the market growth.

2) What would be the CAGR of Conveyor Belt market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022-2030.

3) What are the challenges affecting the Conveyor Belt market growth?

Ans: Increasing use of drones and robots is one of the major factors estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of Conveyor Belt market in future?

Ans: The market in the Asia Pacific will provide the highest growth opportunities for the market during the forecast period on the back of rising manufacturing industry in the region.

5) Who are the major players dominating the Conveyor Belt market?

Ans: The major players in the market are Continental AG, Daifuku Co., Ltd., Interroll Group, Honeywell Intelligrated, TGW Logistics Group GmbH, Swisslog Holding AG, Vanderlande Industries B.V., Emerson Electric Co., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the global conveyor belt market?

Ans: The market is segmented by material, application, end-user, and by region.

8) Which segment captures the largest market size in the end-user segment in the conveyor belt market?

Ans: The mining segment is anticipated to hold the largest market size over the forecast period owing to the growing mining activities, globally.

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