Press release
Global Conveyor Belt Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Conveyor Belt
What Is the Expected Conveyor Belt Market Size During the Forecast Period?
The market size for conveyor belts has been increasing consistently in the previous years. It is predicted to rise from $5.56 billion in 2024 to $5.78 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.9%. Factors such as industrialization, advancements in the mining sector, automation in manufacturing processes, the expansion of the food and beverage sectors, increased global trading, and developments in agricultural efficiency have all contributed to this growth seen in the historical period.
The size of the conveyor belt market is predicted to experience substantial expansion in the forthcoming years, surging to a valuation of $7.11 billion by 2029, with a compound annual growth rate (CAGR) of 5.3%. This projected growth over the forecast timeframe can be attributed to factors such as renewable energy projects, a focus on sustainability, the adoption of intelligent conveyor systems, escalating urbanization and infrastructure requirements, and the growth of e-commerce fulfillment centers. Key trends anticipated during the prediction period include development and advancement in conveyor belt materials, the emergence of smart surveillance systems for conveyor belts, the usage of lightweight and modular belts, the integration of automation and robotics into conveyor systems, initiation of conveyor belt recycling, and customization of conveyor belts for specific industries.
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What Are the High-Growth Segments in the Conveyor Belt Market?
The conveyor belt market covered in this report is segmented -
1) By Type: Overhead, Floor, Roller, Pallet, Crescent
2) By Installation: Portable, Stationary
3) By Material: Metal, Polymer
4) By Application: Light Weight, Medium Weight, Heavy Weight
5) By End-User: Mining, Food And Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing, Other End-Users
Subsegments:
1) By Overhead: Monorail Systems, Enclosed Track Systems, I-Beam Systems, Overhead Chain Conveyors
2) By Floor: Belt Conveyor Systems, Slat Conveyors, Modular Belt Conveyors, Flat Belt Conveyors, Troughed Belt Conveyors
3) By Roller: Gravity Roller Conveyors, Powered Roller Conveyors, Motorized Roller Conveyors, Chain Driven Roller Conveyors, Belt Driven Roller Conveyors
4) By Pallet: Chain Pallet Conveyors, Roller Pallet Conveyors, Automated Pallet Systems, Pallet Lifts And Elevators
5) By Crescent: Fabric-based Crescent Belts, Modular Crescent Belts, Heavy-duty Crescent Belts, Spiral Crescent Belts
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What Key Drivers Are Expected to Influence Future Conveyor Belt Market Growth?
The escalating figures of air travelers are expected to spur the expansion of the conveyor belt market. Accelerated augmentation in disposable income, improved living standards, and the increased accessibility to reasonably priced air commute have all fueled the rise in air passenger journeys worldwide. This swift escalation in air trips is compelling governments to institute new airports, anticipated to bolster the demand for conveyor belts since they play an essential role in airports for moving passenger luggage from one area to another. As stated in a May 2022 report by the International Civil Aviation Organization (ICAO), a UN agency and established global platform for civil aviation, there was a 65% hike in the quantity of passengers transported by air from January to April 2022 in comparison to the same period in the previous year, with a 30% surge in airplane flight departures. Consequently, an uptick in air passenger volumes and air commuting is projected to stimulate a higher demand for conveyor belts in the forecast period.
Which Companies Hold the Largest Share Across Different Conveyor Belt Market Segments?
Major companies operating in the conveyor belt market include ContiTech AG, Bridgestone Corporation, Bando Chemical Industries Ltd., Apache Inc., Sandvik AB, The Yokohoma Rubber Co. Ltd., Rexnord Corporation, Habasit AG, Zhejiang Sanwei Rubber Item Co. Ltd., Intralox LLC, Zhejiang Double Arrow Rubber Co. Ltd., Megadyne Group, Chiorino S.p.A., Ashworth Bros. Inc., GKD Gebr. Kufferath AG, Wire Belt Company Limited, Smiley Monroe Ltd., Phoenix Conveyor Belt Systems GmbH, Oriental Rubber Industries Pvt. Ltd., Fenner Group Holdings Ltd., Elastomerik Belts Private Limited, Tenova SpA, Sempertrans Conveyor Belt Solutions GmbH, Forbo Siegling GmbH, Ammeraal Beltech Holding B.V., Derco BV, Dunlop Conveyor Belting, Mafdel, Esbelt S.A., Sparks Belting Company
What Are the Latest Developing Trends in the Conveyor Belt Market?
The emergence of innovative technology is a significant trend on the rise within the conveyor belt industry. Conveyor belt market players are pioneering new technologies such as green conveyor belts, direct drive motors, smart conveyors, vacuum conveyors, adjustable conveyors among others, in an effort to meet the requirements of the industry and solidify their market standing. Green conveyors transport materials safely with minimal environmental impact, decrease material wastage and shield the products from dust and noxious particles. For example, BEUMER Group, a German manufacturer specializing in intralogistics systems, introduced an eco-friendly U-shaped conveyor belt in April 2022. This U-shaped conveyor enhances the operations of port terminals while being environmentally conscious. Its design allows for larger mass flows than a pipe conveyor and tighter curve radii than a troughed belt conveyor, while ensuring dust-free transport. The idlers transform the belt into a sealed tube, protecting the conveyed material from external elements and preventing environmental pollution from material loss, dust or smells.
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What Are the Emerging Geographies for The Conveyor Belt Market Growth?
Asia-Pacific was the largest region in the conveyor belt market in 2024. Western Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the conveyor belt market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Conveyor Belt Market?
2. What is the CAGR expected in the Conveyor Belt Market?
3. What Are the Key Innovations Transforming the Conveyor Belt Industry?
4. Which Region Is Leading the Conveyor Belt Market?
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