Selbyville, Delaware Global Conveyor Belt Market Report added at Market Study Report LLC provides industry size, share, growth, trends and forecast analysis up to period. Conveyor Belt Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Conveyor Belt market and provides information regarding the revenue for the period.
Conveyor Belt Market will likely surpass USD 5 billion by 2025; according to a new research report.
Request Sample Copy of this report at: https://www.marketstudyreport.com/request-a-sample/2057034/?utm_source=MarketWatch&utm_medium=RV
Conveyor belts are susceptible to mechanical damages, abrasive wear, loss of flexibility, etc. due to continuous operation and thus they need proper inspection and maintenance which increases the maintenance cost. This might act as a restrain for the conveyor belt market growth in future.
Based on product, the conveyor belt market is categorized into metal, polymers and others. The metal and polymers are the majorly used in various industrial applications and besides this cotton, leather, fiber glass is also used. Polymers segment will show CAGR of around 3.5% over forecast timeframe due to significant demand of better and fast material handling solutions in manufacturing sector.
Implementation of favorable policies to nurture industrial development along with rapid urbanization in emerging economies has given an up thrust to manufacturing and mining sectors. These are the key driving factors for conveyor belt market growth over forecast timeframe. The product is used for conveying or transferring components & materials in different industries such as iron & steel, mining, food & beverage, etc.
The product has been proven as the most resourceful way in reducing labor cost, operational time and material losses. According to the European Cement Association (CEMBUREAU), the global cement production accounted for 4.65 billion tons in 2016 and China, India are holding the major share in this, due to several ongoing infrastructure development projects to cater the need of rising population. The above mentioned trends will bolster the conveyor belt market demand by 2025.
On the basis of volume, modular belts have shown CAGR of over 3.4% in coming years as these belts are majorly utilized in food & beverage sector. Rising population coupled with increasing employability of women in developing nations has developed the demand of processed food, catapulting the overall product demand in coming years.
Stationary and portable are the two types of conveyor belts on the basis of installation. Portable segment shows growth rate of around 4% due to their application in construction projects, as rescue conveyor systems, etc. The product has lower market share due limited applications.
Based on application, the market is bifurcated into light, medium and heavy weight. Medium weight belts hold substantial volume share of over 45% in the entire segment and show the positive growth in future due to its substantial applications across all end use industries. Medium weight conveyor belts are used for sand and gravel, waste and recycling plants, steel & iron industry, cement manufacturing, foundries, submerged ash handling, glass works, etc.
On the basis of region, Asia Pacific holds substantial share in the entire conveyor belt market owing to significant presence of the end user industries such as mining, power generation, general manufacturing, recycling, etc. The region also shows annual growth rate more than 4% in future.
Some of the prominent players in the conveyor belt market are Bridgestone Corporation, Ammeraal Beltech, Sempertrans Conveyor Belt Solutions, Bando chemicals, Fenner Dunlop, The Yokohama Rubber, Zhejiang Double Arrow Rubber, Nitta Corporation, etc.
Conveyor belt market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand sq. meter & revenue in USD million from 2014 to 2025, for the following segments:
Conveyor Belt Market by Material
Conveyor Belt Market by Product
o Flat belt
o Modular belt
o Cleated belt
Conveyor Belt Market by Installation
Conveyor Belt Market by Application
Conveyor Belt Market by End-use
o Food & beverage
o Power generation
o Supply chain
o General Manufacturing
The Conveyor Belt market stands tall as one of the most proactive industry verticals, as claimed by a new research report. This research study forecasts this space to accrue substantial proceeds by the end of the projected period, aided by a plethora of driving forces that will fuel the industry trends over the forecast duration. A gist of these driving factors, in tandem with myriad other dynamics pertaining to the Conveyor Belt market, such as the risks that are prevalent across this industry as well as the growth opportunities existing in Conveyor Belt market, have also been outlined in the report.
A brief outline of the Conveyor Belt market scope:
- Global industry remuneration
- Individualized and overall growth rate
- Market trends
- Competitive reach
- Product spectrum
- Application terrain
- Distributor analysis
- Sales channel evaluation
- Marketing channel trends – Now and later
- Market Competition Trend
- Market Concentration Rate
Market Study Report, LLC. is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.
Market Study Report LLC
4 North Main Street,
Selbyville, Delaware 19975
US Toll Free: 1-866-764-2150
Email: [email protected]