Press release
Japan Conveyor Belt Market Share, Size, Growth, Global Leading Players, Industry Updates, Future Business Prospects and Forecast to 2027
According to the latest report by IMARC Group, titled "Japan Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the Japan conveyor belt market size reached a value of US$ 533 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 789.1 Million by 2027, exhibiting a growth rate (CAGR) of 6.43% during 2022-2027.A conveyor belt is a moving belt that carries objects from one place to another. It is made from polyvinyl chloride (PVC), polyester, styrene-butadiene rubber, and nylon fabric. It is used to produce goods in a factory and transport objects from one part of a building to another. It consists of two or more pulleys, with a closed loop, around which the conveyor belt rotates. It offers high versatility and cost-effectiveness while enhancing the process quality. It finds extensive applications across diverse end-user industries, such as automotive, aviation, retail, industrial, dairy, and food and beverage.
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Japan Conveyor Belt Market Trends:
The market in Japan is majorly driven by the widespread product utilization in the food and beverage sector to carry food items through various sections. Apart from this, the growing demand for better and fast material handling solutions is catalyzing product uptake. Moreover, the extensive research and development activities conducted by key players to improve conveyor belt systems in an attempt to address the increasing customer concerns over product quality, especially the durability of raw materials used in production are propelling the market. Additionally, leading players are also focusing on developing novel and inventive belt materials, including product variants with excellent heat and moisture resistance, for these systems that can satisfy consumer demand. This, in turn, is offering numerous growth opportunities in the market. Besides, the development of airports across the country and the increasing need for reducing manual labor are strengthening the market expansion. Other factors, including the rapid adoption of automated production lines and rapid urbanization, are further aiding the market growth worldwide.
Japan Conveyor Belt Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the Japan conveyor belt market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the Japan conveyor belt market based on type, end use and country.
Breakup by Type:
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Breakup by End Use:
Mining and Metallurgy
Manufacturing
Chemicals, Oils and Gases
Aviation
Others
Breakup by Region:
Kanto Region
Kinki Region
Central/ Chubu Region
Kyushu-Okinawa Region
Tohoku Region
Chugoku Region
Hokkaido Region
Shikoku Region
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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