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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The mining industry is driving the global conveyor belt market due to its high-volume transportation of extracted materials like coal, iron ore, and minerals. Conveyor belts are a reliable and efficient solution for transporting these materials over long distances within mines and processing facilities. They can handle heavy loads and abrasive materials effectively, making them ideal for underground operations. Conveyor belts also facilitate continuous operation by providing a steady stream of materials, ensuring smooth operation and maximizing output. Compared to alternative methods like hauling trucks, conveyor belts are more cost-effective, requiring less manpower, lower maintenance needs, and high energy efficiency. They are versatile in applications, including sorting minerals, feeding materials into crushers, and stockpiling processed materials. As the mining industry expands to meet the growing demand for raw materials, the demand for efficient and reliable transportation solutions will continue to rise, making conveyor belts a critical component within the global mining industry and a significant driver for the 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
Market Segmentation
Global Conveyor Belt Market by Product Type
- Cleated Belt
- Flat Belt
- Modular Belt
- Others
Global Conveyor Belt Market by End-User
- Food & Beverages
- Manufacturing
- Mining
- Recycling
- Supply Chain
Regional Analysis
- 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
Company Profiles
- All-State Belting Company
- Ammega Group BV
- Continental Belting Group
- Daifuku Co., Ltd.
- Elcon Elastomers Pvt. Ltd.
- Fenner Conveyors
- Fenner Dunlop Conveyor Belting
- Forbo Siegling GmbH
- Intralox, L.L.C.
- MRF Limited
- Nitta Corporation India Private Limited
- Semperit AG Holding
- Siemens AG
- SIG Societa Italiana Gomma SpA
- Sumitomo Rubber Industries, Ltd. (SRI)
- The Yokohama Rubber Co., Ltd.
- Zhejiang Double, Arrow Rubber Co., Ltd.
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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