North America Conveyor Belt Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The North America conveyor belt market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2 Billion by 2027, exhibiting a growth rate (CAGR) of 4.39% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America conveyor belt market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on product type and end-use.
Key Regions Analysed
Analysis for Each Country
Market by Product Type
Medium-Weight Conveyor Belt
Light-Weight Conveyor Belt
Heavy-Weight Conveyor Belt
Market by End-Use
Mining and Metallurgy
Chemicals, Oils and Gases
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Key Player Profiles
Key Questions Answered in This Report:
How has the North America conveyor belt market performed so far and how will it perform in the coming years?
What are the key regions in the North America conveyor belt market?
What has been the impact of COVID-19 on the North America conveyor belt market?
What is the breakup of the North America conveyor belt market on the basis of product type?
What is the breakup of the North America conveyor belt market on the basis of end-use?
What are the various stages in the value chain of the North America conveyor belt industry?
What are the key driving factors and challenges in the North America conveyor belt industry?
What is the structure of the North America conveyor belt industry and who are the key players?
What is the degree of competition in the North America conveyor belt industry?
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