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Global Conveyor Belts Market Outlook :
Industry Insights & Opportunity Evaluation,
2015-2021
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Global Conveyor Belts Market Overview
Conveyor belts are basically employed to carry goods. The
system is composed of two or more pulleys and a belt
rotating on them helping the material to be transported
conveniently and efficiently from one point to another.
The belt used in the system is made up of rubber with
uniform composition throughout. The conveyor belts find
majority of its application in industries like
manufacturing, food & beverage retail, government
facilities like airport and railways.
The global conveyor belt market is directly proportional to
the industrialization, GDP growth, economic activity and
growth in infrastructural developments such as shopping
mall, complexes, airport & retail space. The conveyor belt
market all across the globe has grown at a rapid pace over
the past few years and is anticipated to expand at
significant rate near future.
Market segmentation
By Type:-
The research has been conducted on different types of
conveyor belts that are being used for different
application depending upon the weight of the
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materials to be shifted. The conveyor belts are
characterized into following categories:-
Light-weight conveyor belts
Medium-weight conveyor belts
Heavy-weight conveyor belts
By End User:-
Conveyor belts are used in different industries for
varied applications. The study has been conducted deeply
on industries:-
Automotive Industries
Airport & Railways
Shopping Malls & Commercial Retail Spaces
Food and Beverages Industries
Goods Manufacturing Industries
Mining
Others
By Geographical Regions:- In 2015, Asia-Pacific captured the highest share in the global conveyor belt market followed by North America. By geography, the conveyor belt market is segmented into:
North America Latin America Western Europe Eastern Europe Middle East & Africa Asia-Pacific
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Growth drivers and challenges
Economical investments, growth in the industrial output,
increased number of air travellers, better GDP growth
especially in developing countries such as China and India,
up-surged demand for ready to eat and drink food items, a
steep rise in mining activity especially in India, China,
Brazil etc. are some of the major growth drivers of global
conveyor market. The use of industrial conveyor systems
enables manufacturers to reduce inventory levels and in
turn, reduce overall costs.
Conveyor belts are mainly used to meet the demand using
existing resources in an efficient way hence meeting the
cost-effectiveness and versatility of the business
requirements. A continuous strain on companies to cut on
labor wages and operational expenses have forced many
industries to opt to for mechanized way and conveyor belts
especially in food and beverages industry is the only
solution for such problems.
However, high installation cost, continuous support and
maintenance for effective performance of conveyor
equipment are projected to dampen the global conveyor
market.
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Market size and forecast
Expanding at 3% CAGR, global conveyor belt market is
expected to expand at a modest growth rate in near future
with Asia-Pacific to be the biggest market. Asia-Pacific is
expected to be the fastest growing region for conveyor
belts in the next few years. The region comprises of two of
the fastest emerging economies across the globe; India and
China.
Source: Research Nester
It has been noticed that over the past few years,
multinational companies from developed countries have
installed their production base in countries such as India
45% 4%
XX%
XX%
4%
XX
Global Conveyor Belt Market Share(%) Forecast 2020- By Major Geographies
Asia-Pacific Eastern Europe North America MEA Western Europe Rest of the world
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and China, due to availability of cheaper factors of
production such as labor, raw material, and equipment.
After Asia-Pacific, North America is expected to be the
second largest market for conveyor belts and anticipated
to grow at a better pace in the forecast period. The
medium-weight conveyor belt segment dominated the
global conveyor belt market during 2015 and accounted for
almost 56% of the total market share. The availability of
cost-efficient raw materials, labor, and equipment coupled
with growth in manufacturing activities has increased
market share of medium-weight conveyor belt in the
previous year.
Key players
Some of the leading players identified across the value
chain in global conveyor belt market include:-
Bando Chemical Industries Bridgestone ContiTech Fenner Yokohama Goodyear QingDao Rubber
Zhejiang Double Arrow
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Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of Latin America)
Western and Eastern Europe (Germany, Italy, Spain,
France, U.K, Benelux, Hungary, Rest Of Western
Europe, Russia Poland, Rest of Eastern Europe)
Asia-Pacific (China, India, Singapore, Japan, Australia
& New Zealand & Rest of Asia)
Middle East and North Africa (MENA)
Rest of World
Segmentation
By Equipment Type
By End-User
By Region
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
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Key Players (respective SWOT Analysis) and their
Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in
current dynamic environment
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