Conveyor Belt Market Report 2021-26: Industry Share, Size, Growth, Trends and Opportunities
The global conveyor belt market is driven by technological innovations like the introduction of real-time belt systems that offer better results.
Sheridan, United States – August 5, 2021 /MarketersMedia/ —
According to the recent report by IMARC Group, titled “Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global conveyor belt market size reached US$ 6.1 Billion in 2020. Looking forward, the market expects to exhibit moderate growth during the next five years.
A conveyor belt refers to a belt conveyor system that includes two or more pulleys and an endless loop of belt for carrying materials from one place to another. This loop is made up of leather, rubber, plastic, fabric or metal, which is supported on either rollers or a metal slider pan. Generally, there are two industrial classes of belt conveyors — one for moving bulk materials like ores, sand, grains, coal, etc. and the other to handle general materials like boxes in a factory. Nowadays, different kinds of conveyor belts are manufactured depending upon the speed and weight requirements of the end user.
Download free sample of the report: https://www.imarcgroup.com/conveyor-belt-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Conveyor Belt Market Trends:
One of the major factors that have contributed to the growth of the market is the expanding e-commerce industry. Due to the increasing purchasing power, changing lifestyles, and the prevalence of online shopping, the e-commerce industry has gained immense traction over the past decade. Moreover, several companies and brands have expanded their warehouse and distribution centers, which, in turn, has created a significant demand for conveyor belts. Furthermore, there has been a rise in the demand for packaged food and automobiles, especially in emerging regions like Asia Pacific, which is contributing to the market growth. Additionally, the market players are continuously working on improving the efficiency of conveyor belts and incorporating advanced systems to ensure better results. For instance, a US-based company is launching a conveyor belt with a real-time belt monitoring system. Apart from this, the manufacturers are also focusing on building eco-friendly systems due to the rising environmental concerns.
Browse full report with TOC: https://www.imarcgroup.com/conveyor-belt-market
The report has segmented the market on the basis of Type, End-Use and Region.
Market Breakup by Type
1 Medium-Weight Conveyor Belt
2 Light-Weight Conveyor Belt
3 Heavy-Weight Conveyor Belt
Market Breakup by End-Use
1 Mining and Metallurgy
2 Manufacturing
3 Chemicals, Oils and Gases
4 Aviation
5 Others
Market Breakup by Region
1 Asia Pacific
2 Europe
3 North America
4 Middle East and Africa
5 Latin America
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About us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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