This Conveyor Belts Market market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Conveyor Belts Market market.
Conveyor belts are primarily employed for carrying objects, from one point to another. The belts typically comprise two or more pulleys to rotate a belt in continuous circles. The material to be transported in placed on the belt and is carried to the end point on the belt. Commonly, two pulleys are employed for functioning of one conveyor belt one of the pulleys is rotated and it drives the other pulley while it is rotating. The belts are generally used for transportation in close distances, generally within a building.
Conveyor belts may comprise one or multiple layers of materials such as rubber strapped around pulleys that rotate circularly and carry objects or materials along with the rotation. The pulleys are commonly called roller heads. Compounds of rubber are used in the production of belts; the compounds are plasticized to increase their efficiency. The belt has to be uniform and material thickness has to be consistent for better performance of conveyor belts. Single layered conveyor belts are preferred over multi layered belts owing to the risk of air inclusion in multi layered belts leading to lower efficiency and reduced life span of conveyor belts. Thickness of the belts differs depending on the end user and generally has thickness of nearly 20 mm. The belt is treated with heat to improve friction. Belts and roller heads are coated to improve wear and tear resistance and friction depending on the end user application. The belts find application in several industries including transportation of goods and machinery in industrial applications such as automobiles, electronics, construction, aviation, etc.
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Asia Pacific dominates the global demand for conveyor belts and the trend is anticipated to continue for a foreseeable future. Asia Pacific comprises two of the fastest emerging economies across the globe, India and China. Increasing industrial investment in India and China has been among foremost factor driving demand for conveyor belt in Asia Pacific. Therefore, Asia Pacific is anticipated to be the fastest growing region for conveyor belts during the forecast period. North America is the second largest market for conveyor belts; moreover owing to market saturation in several end user industries in North America, the demand for conveyor belts is anticipated to exhibit a sluggish growth during the forecast period. Demand for conveyor belts in RoW region is anticipated to grow at a better pace in the near future primarily owing to developing economies in South America and Africa.
Conveyor belt market is fragmented and dominated by regional players that constitute major portion of the global market share. The industry is characterized by high degree of competition and the players compete on their pricing strategy as well as product differentiation to manufacture customized conveyor belts for varied purpose at low cost. Some major manufacturers of conveyor belts include Bando Chemical Industries, Bridgestone, ContiTech AG, Goodyear, ContiTech AG, QingDao Rubber Six and Zhejiang Double Arrow among several others.
This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.
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The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size & Forecast 2015 -2025
- Supply & Demand Value Chain
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
- Market Drivers and Restraints
Regional analysis includes
- North America
- US & Canada
- Latin America
- Brazil, Argentina & Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa