Conveyor belt market is anticipated to grow at a CAGR of 4.5% during the forecast period (2024-2031). A conveyor belt is a continuous moving strip or surface that is used for transporting objects from one place to another. The market is driven by the growing mining, food, and beverages industry. The market growth is also supported by increasing steel and cement industries. This is attributed to the rise in disposable income.
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Globally, conveyor belts are crucial in the steel and cement industries for handling large quantities of raw materials like iron ore, limestone, and coal. They are durable and strong, designed to withstand heavy loads and harsh environments. Modern plants heavily rely on automation, making conveyor belts a key component of automated material handling systems. Infrastructure development projects, such as roads, bridges, and buildings, require vast amounts of steel and cement, increasing the demand for conveyor belts. The global rise in urbanization also fuels the demand for steel and cement in high-rise buildings and urban infrastructure, further increasing the need for conveyor belts in production facilities. As these industries grow, the demand for conveyor belts will continue to rise, solidifying their role as a crucial driver of the global conveyor belt market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Conveyor Belt Market Report Segment
By Product Type
- Cleated Belt
- Flat Belt
- Modular Belt
- Others
By End-User
- Food & Beverages
- Manufacturing
- Mining
- Recycling
- Supply Chain
Global Conveyor Belt Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global conveyor belt market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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