The Conveyor Belts market was valued at USD 4.2 billion in 2018 and is expected to reach USD 54.8 billion by 2026, growing at a CAGR of 3% from 2021 to 2027.
Emerging industrial development activities and rapid urbanization and infrastructure development projects in emerging economies are the major factors that are expected to boost the market growth. Additionally, the growth of the aviation industry and e-commerce is driving the demand for the conveyor belt market. The Global Conveyor Belt Market report provides a holistic assessment of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that play a vital role in the market.
A full report of Conveyor Belt Market available at https://www.orionmarketreports.com/conveyor-belt-market/57735/
The major players in the conveyor belt market include Bando Chemicals, Zhejiang Double Arrow Rubber, ContiTech AG, Fenner DunlopForbo, Nitta Corporation, Bridgestone Corporation, Ammeraal Beltech, The Yokohama Rubber, and Sempertrans.
Conveyor Belt Market- Segmentation
By Material
• Metal
• Polymer
• Others
By Product
• Flat Belt
• Modular Belt
• Cleated Belt
By End-User
• Mining
• Food & Beverage
• Power Generation
• Recycling
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
