Soaring Demand Set to Propel Conveyor Belt Market to $6.86 Billion by 2029

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What Is the Expected CAGR for the Conveyor Belt Market Through 2025?
Over the past few years, the size of the conveyor belt market has witnessed a constant increase. The market value, predicted to rise from $5.56 billion in 2024 to $5.68 billion in 2025, is expected to present a Compound Annual Growth Rate (CAGR) of 2.2%. The upturn during the historical phase is due to factors such as industrialization, growth in the mining industry, the advancement of automated manufacturing, expansion of the food and beverage industry, increased global commerce, and improved agricultural efficiency.

What's the Projected Size of the Global Conveyor Belt Market by 2029?
Expectations for the conveyor belt market project a consistent expansion in the upcoming years, increasing to a valuation of $6.86 billion by 2029, courtesy of a compound annual growth rate (CAGR) of 4.8%. This projected growth can be attributed to factors such as initiatives in renewable energy, sustainability concentration, intelligent conveyor systems, expanding urbanization and infrastructure needs, and e-commerce fulfillment centers. The forecast period is envisaged to experience prominent trends including the advancement of conveyor belt materials, intelligent systems for conveyor monitoring, lightweight and modular belts, incorporation of automation and robotics in the conveyor systems, initiatives on conveyor belt recycling, and customization catering to specific industries.

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Top Growth Drivers in the Conveyor Belt Industry: What's Accelerating the Market?
The surge in air passenger travels is set to fuel the expansion of the conveyor belt market. Factors such as a rapid rise in disposable income, improved living conditions, and greater access to cost-effective air travel have led to an influx in air passenger journeys worldwide. This swift upsurge in air travel is compelling governments to inaugurate new airports, which is likely to spike demand for conveyor belts. These belts play a crucial role in airports by facilitating passenger luggage transportation from one point to another. For instance, a report from the International Civil Aviation Organization (ICAO), a United Nations agency and a global platform for civil aviation published in May 2022, showed a 65% increase in the number of air passengers from January to April 2022 compared to the same period in 2021. Additionally, the count of aircraft departures also swelled by 30%. Consequently, the rise in both air passengers and air travel increases the likelihood of an augmented demand for conveyor belts in the projection period.

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What Trends Will Shape the Conveyor Belt Market Through 2029 and Beyond?
The advent of technology is a prevalent trend in the conveyor belt market, with market stakeholders designing advanced technologies like green conveyor belts, direct-drive motors, intelligent conveyors, vacuum conveyors, modifiable conveyors, among others, to adhere to industrial requirements and solidify their market stance. Ecological conveyors safely transport materials while minimizing harm to the environment and reduces spillage while safeguarding the items from dust and damaging particles. For example, BEUMER Group, a German firm that produces intralogistics system, unveiled an environmentally-friendly U-shaped conveyor belt in April 2022. This U-shaped conveyor increases the efficiency and ecological soundness of port terminal operations. It allows for larger mass flows than a pipe conveyor and fewer curve radii than a troughed belt conveyor, while facilitating dust-free transportation. The rollers shape the belt into a closed tube, protecting the conveyed material from external elements, and the environment from harmful substances such as dust, odors, or material loss.

What Are the Main Segments in the Conveyor Belt Market?
The conveyor beltmarket 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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Which Top Companies are Driving Growth in the Conveyor Belt Market?
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

Which Regions Will Dominate the Conveyor Belt Market Through 2029?
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.

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