Conveyor Belt Market Report 2021-26: Industry Share, Size, Growth, Trends and Opportunities

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The global conveyor belt market is driven by technological innovations like the introduction of real-time belt systems that offer better results.

According to the recent report by IMARC Group, titled “Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global conveyor belt market size reached US$ 6.1 Billion in 2020. Looking forward, the market expects to exhibit moderate growth during the next five years.

A conveyor belt refers to a belt conveyor system that includes two or more pulleys and an endless loop of belt for carrying materials from one place to another. This loop is made up of leather, rubber, plastic, fabric or metal, which is supported on either rollers or a metal slider pan. Generally, there are two industrial classes of belt conveyors -- one for moving bulk materials like ores, sand, grains, coal, etc. and the other to handle general materials like boxes in a factory. Nowadays, different kinds of conveyor belts are manufactured depending upon the speed and weight requirements of the end user.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Conveyor Belt Market Trends:

One of the major factors that have contributed to the growth of the market is the expanding e-commerce industry. Due to the increasing purchasing power, changing lifestyles, and the prevalence of online shopping, the e-commerce industry has gained immense traction over the past decade. Moreover, several companies and brands have expanded their warehouse and distribution centers, which, in turn, has created a significant demand for conveyor belts. Furthermore, there has been a rise in the demand for packaged food and automobiles, especially in emerging regions like Asia Pacific, which is contributing to the market growth. Additionally, the market players are continuously working on improving the efficiency of conveyor belts and incorporating advanced systems to ensure better results. For instance, a US-based company is launching a conveyor belt with a real-time belt monitoring system. Apart from this, the manufacturers are also focusing on building eco-friendly systems due to the rising environmental concerns.

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The report has segmented the market on the basis of Type, End-Use and Region.

Market Breakup by Type

1 Medium-Weight Conveyor Belt
2 Light-Weight Conveyor Belt
3 Heavy-Weight Conveyor Belt

Market Breakup by End-Use

1 Mining and Metallurgy
2 Manufacturing
3 Chemicals, Oils and Gases
4 Aviation
5 Others

Market Breakup by Region

1 Asia Pacific
2 Europe
3 North America
4 Middle East and Africa
5 Latin America

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Release ID: 89040366

Name: Elena Anderson
Email: Send Email
Organization: IMARC Group
Address: 30 N Gould St, Ste R