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Global Conveyor Belt Market 2017-2021

Global Conveyor Belt Market 2017-2021

About Conveyor Belt

A conveyor belt is a part of conveyor systems, which provides controlled movement of materials from one place to another. It consists of pulleys that keep the belt rotating with an endless loop.The basic types of conveyor belts consist of light-weight, medium-weight, and heavy-weight conveyor belts market based on the type of product conveyor belts carry.

Technavio’s analysts forecast the global conveyor belt market to grow at a CAGR of 5.92% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global conveyor belt market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of several types of conveyor belts, which include lightweight, medium-weight, and heavy-weight conveyor belts.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Conveyor Belt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bando Chemical Industries, Ltd.
  • The Bridgestone Group
  • ContiTech
  • Fenner
  • YOKOHAMA
Other prominent vendors
  • The Chiorino Group
  • GRT Rubber Technologies
  • Intralox
  • Volta Belting Technology Ltd.
  • YongLi Group
  • Omtech Food Engineering
  • HIC International
  • Habasit
Market driver
  • Increasing demand for automation in material handling
  • For a full, detailed list, view our report
Market challenge
  • Storage and handling challenges of conveyor belt
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for steel cord conveyor belts
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Conveyor Belt Market 2017-2021

Technavio recognizes the following companies as the key players in the global conveyor belt market: Bando Chemical Industries, Ltd., The Bridgestone Group, ContiTech, Fenner, and YOKOHAMA.

Other Prominent Vendors in the market are: The Chiorino Group, GRT Rubber Technologies, Intralox, Volta Belting Technology Ltd., YongLi Group, Omtech Food Engineering, HIC International, and Habasit.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for steel cord conveyor belts. The demand for the steel cord conveyor belt is rising, which is helping the global conveyor belt market to grow. This is because these belts are extensively used in applications like coal mining. The coal mining sector accounted for more than 38% share in the global underground mining equipment market.”

According to the report, one driver in the market is increasing demand for automation in material handling. The global conveyor belt market is growing because of an increasing demand for automation in handling the materials. This is primarily because of the rising need for handling the materials, especially bulky materials, as they vary in texture and size. The yearly growth rate for global automated material handling equipment market is expected to be more than 6% during the forecast period. The demand for automation is high in various industries, with the automotive industry carrying the highest market share. The others industry segment includes retail and healthcare industries.

Further, the report states that one challenge in the market is storage and handling challenges of conveyor belt. The storage and handling of a conveyor belt are complex procedures, which creates a challenge for the global conveyor belt market. Before installing, belts are required to be stored in a cool and dry place and rotated 90° in a span of 5 to 6 months. This is to protect the belt from moisture accumulation. Moreover, handling of the roll is crucial before the installation. The packaging of belts is required to be done in cylindrical reels.

Companies Mentioned

Bando Chemical Industries, Ltd., The Bridgestone Group, ContiTech, Fenner, YOKOHAMA, The Chiorino Group, GRT Rubber Technologies, Intralox, Volta Belting Technology Ltd., YongLi Group, Omtech Food Engineering, HIC International, and Habasit.

  • EXECUTIVE SUMMARY
  • SCOPE OF THE REPORT
  • RESEARCH METHODOLOGY
  • INTRODUCTION
    • MARKET OUTLINE
      • Table GLOBAL CONVEYOR BELT MARKET SHARE IN GLOBAL MATERIAL HANDLING EQUIPMENT MARKET IN 2016 (% REVENUE)
  • MARKET LANDSCAPE
    • MARKET OVERVIEW
      • Table GLOBAL CONVEYOR BELT MARKET SEGMENTATION
    • MARKET SIZE AND FORECAST
      • Table GLOBAL CONVEYOR BELT MARKET 2016-2021 ($ BILLIONS)
    • FIVE FORCES ANALYSIS
      • Table FIVE FORCES ANALYSIS
  • MARKET SEGMENTATION BY PRODUCT TYPE
    • GLOBAL CONVEYOR BELT MARKET BY PRODUCT TYPE
      • Table GLOBAL CONVEYOR BELT MARKET BY PRODUCT TYPE 2016 (% REVENUE)
      • Table GLOBAL CONVEYOR BELT MARKET BY PRODUCT TYPE 2016-2021 (% REVENUE)
      • Table GLOBAL CONVEYOR BELT MARKET BY PRODUCT TYPE GROWTH RATE 2017-2021
    • GLOBAL MEDIUM-WEIGHT CONVEYOR BELT MARKET
      • Table GLOBAL MEDIUM-WEIGHT CONVEYOR BELT MARKET 2016-2021 ($ MILLIONS)
      • Table DISPOSABLE PERSONAL INCOME IN THE US 2013-2016 ($ BILLIONS)
    • GLOBAL LIGHT-WEIGHT CONVEYOR BELT MARKET
      • Table GLOBAL LIGHT-WEIGHT CONVEYOR BELT MARKET 2016-2021 ($ MILLIONS)
    • GLOBAL HEAVY-WEIGHT CONVEYOR BELT MARKET
      • Table GLOBAL HEAVY-WEIGHT CONVEYOR BELT MARKET 2016-2021 ($ MILLIONS)
      • Table MINING SECTOR CONTRIBUTION TO GDP IN THE US 2016-2017 (ESTIMATED) ($ BILLIONS)
  • GEOGRAPHICAL SEGMENTATION
    • GLOBAL CONVEYOR BELT MARKET BY GEOGRAPHY
      • Table GLOBAL CONVEYOR BELT MARKET BY GEOGRAPHY 2016 (% REVENUE)
      • Table GLOBAL CONVEYOR BELT MARKET BY GEOGRAPHY 2016-2021 (% REVENUE)
      • Table GLOBAL CONVEYOR BELT MARKET BY GEOGRAPHY GROWTH RATE 2017-2021
    • CONVEYOR BELT MARKET IN APAC
      • Table CONVEYOR BELT MARKET IN APAC 2016-2021 ($ MILLIONS)
      • Table MATERIAL HANDLING EQUIPMENT MARKET IN CHINA 2016-2021 ($ BILLIONS)
    • CONVEYOR BELT MARKET IN AMERICAS
      • Table CONVEYOR BELT MARKET IN AMERICAS 2016-2021 ($ MILLIONS)
      • Table LIGHT VEHICLES SALES IN THE US 2009-2016 ($ BILLIONS)
    • CONVEYOR BELT MARKET IN EMEA
      • Table CONVEYOR BELT MARKET IN EMEA 2016-2021 ($ MILLIONS)
  • DECISION FRAMEWORK
  • DRIVERS AND CHALLENGES
    • MARKET DRIVERS
      • Table MARKET SHARE OF INDUSTRIES IN GLOBAL AUTOMATED MATERIAL HANDLING MARKET 2016 (% REVENUE)
      • Table PERCENTAGE USE OF VARIOUS RESOURCES IN MATERIAL HANDLING ACTIVITIES IN A COMPANY
    • MARKET CHALLENGES
  • MARKET TRENDS
    • INCREASING DEMAND FOR STEEL CORD CONVEYOR BELTS
    • GROWING CONSTRUCTION INDUSTRY
      • Table PERCENTAGE OF THE TOTAL POPULATION IN THE US LIVING IN URBAN CITIES 2000-2015
      • Table CONSTRUCTION MACHINERY MANUFACTURING MARKET IN INDIA 2013-2016 ($ BILLIONS)
    • INCREASING DEMAND FROM MINING INDUSTRY
      • Table MINING INDUSTRY CONTRIBUTION TO GDP IN CANADA 2012-2015 ($ BILLIONS)
  • VENDOR LANDSCAPE
    • COMPETITIVE SCENARIO
    • BANDO CHEMICAL INDUSTRIES, LTD.
      • Table BANDO CHEMICAL INDUSTRIES, LTD.: GEOGRAPHICAL SEGMENTATION 2016
    • THE BRIDGESTONE GROUP
      • Table THE BRIDGESTONE GROUP: GEOGRAPHICAL SEGMENTATION 2016 (% REVENUE)
      • Table THE BRIDGESTONE GROUP: BUSINESS SEGMENTATION 2016 (% REVENUE)
    • CONTITECH
      • Table CONTITECH: BUSINESS SEGMENTATION
    • FENNER
    • YOKOHAMA
    • OTHER PROMINENT VENDORS
  • APPENDIX
    • LIST OF ABBREVIATIONS
  • EXPLORE TECHNAVIO

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