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Conveyor Belts Market: Size, Share, Growth, Analysis, Key Players, Revenue, | Valuates Reports
and India Conveyor Belts Market SizeThe global Conveyor Belts revenue was US$ 8459 million in 2022 and is forecast to a readjusted size of US$ 10080 million by 2029 with a CAGR of 2.5% during the forecast period (2023-2029).
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and India Conveyor Belts Market
Conveyer belts are primarily employed for carrying objects, from one point to another. The belts typically comprise two or more pulleys to rotate a belt in continuous circles. The material to be transported in placed on the belt and is carried to the end point on the belt. Commonly, two pulleys are employed for functioning of one conveyor belt one of the pulleys is rotated and it drives the other pulley while it is rotating. The belts are generally used for transportation in close distances, generally within a building.
In India, the Conveyor Belts revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).
Global Conveyor Belts key players include Continental AG, Bridgestone, Fenner, etc. Global top three manufacturers hold a share about 30%.
China is the largest market, with a share over 30%, followed by Europe, and North America, both have a share over 45 percent.
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Segment by Type
• Heavy weight Conveyer Belt
• Light Weight Conveyer Belt
Segment by Application
• Mining
• Industrial
• Food Production Industrial
• Agriculture
• Logistics or warehousing
• Construction
• Other
By Company
Continental AG, Bridgestone, Habasit, Ammeraal Beltech, Forbo Movement Systems, Fenner, Yokohama, Intralox, Zhejiang Double Arrow, Bando, Mitsuboshi Belting, Baoding Huayue, Zhejiang Sanwei, YongLi, Shandong Phoebus, Wuxi Boton, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe
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