Conveyor Belt Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global conveyor belt market provides qualitative and quantitative analysis for the period from 2021-2030. The global conveyor belt market was valued at USD 4.15 billion in 2022 and is expected to reach USD 5.74 billion in 2030, with a CAGR of 4.17% during the forecast period of 2023-2030. Factors such as the rise of e-commerce, advancements in technology, and the need for sustainable practices are fueling the market growth. The study on conveyor belt market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030. Asia-Pacific region dominates the market, with China leading the way in terms of production and consumption. North America and Europe are also significant players in the market, driven by the presence of key industries such as automotive, food & beverage, and logistics.

The report on conveyor belt market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global conveyor belt market over the period of 2021-2030. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global conveyor belt market over the period of 2021-2030. Furthermore, the growth matrix given in the report brings an insight into the investment areas that existing or new market players can consider.

One of the key trends shaping the conveyor belt market is the adoption of smart conveyor systems that integrate technologies such as IoT, AI, and machine learning. These systems enable real-time monitoring, predictive maintenance, and increased efficiency in operations. Another emerging trend is the shift towards modular conveyor belts, which offer flexibility, scalability, and easy maintenance.

Report Findings

1) Drivers

• The growing adoption of automated production lines across a wide range of industries is driving the growth of the market.
• The growth of the e-commerce sector is expected to stimulate the growth of the conveyor belt market.

2) Restraints

• The high maintenance costs can hamper the growth of the conveyor belt market.

3) Opportunities

• The technological and other developments in the conveyor belt are expected to provide lucrative opportunities for the growth of the market.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global conveyor belt market is segmented on the basis of type, belt type, and end user.

The Global Conveyor Belt Market by Type

• Overhead
• Roller
• Floor
• Pallet
• Crescent

The Global Conveyor Belt Market by Belt Type

• Lightweight
• Medium-weight
• Heavy-weight

The Global Conveyor Belt Market by End User

• Retail
• Mining
• Food & Beverage
• Automotive
• Industrial
• Other End User

Company Profiles

The companies covered in the report include

• Siemens
• TGW Logistics Group
• Emerson Electric Co.
• Honeywell International Inc.
• Daifuku Co., Ltd.
• Interroll Group
• Vanderlande Industries B.V.
• Taikisha Ltd.
• Fives Group
• Swisslog Holding AG

What does this report deliver?

1. Comprehensive analysis of the global as well as regional markets of the conveyor belt market.
2. Complete coverage of all the segments in the conveyor belt market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global conveyor belt market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.