Global Conveyor Belt Market 2020-2024
Technavio has been monitoring the conveyor belt market and it is poised to grow by $ 1.38 bn during 2020-2024 progressing at a CAGR of 4% during the forecast period. Our reports on conveyor belt market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for automation in material handling, rising aging population and increasing need for cost-reduction. In addition, increasing demand for automation in material handling is anticipated to boost the growth of the market as well.
The conveyor belt market analysis includes type segment and geographic landscapes
Technavio's conveyor belt market is segmented as below:
By Geographic Landscapes
- North America
- South America
This study identifies the increasing demand for steel cord conveyor belts as one of the prime reasons driving the conveyor belt market growth during the next few years. Also, growing construction industry and increasing demand from mining industry will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our conveyor belt market covers the following areas:
- Conveyor belt market sizing
- Conveyor belt market forecast
- Conveyor belt market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading conveyor belt market vendors that include Bando Chemical Industries Ltd., Bridgestone Corp., Continental AG, Daifuku Co. Ltd., Emerson Electric Co., FIVES Group, Goodyear Rubber Products Inc., Honeywell International Inc., Kossan Rubber Industries Bhd, Michelin Group, MRF Ltd., Siemens AG, Taikisha Ltd., Vanderlande Industries BV, and Yokohama Rubber Co. Ltd.. Also, the conveyor belt market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.