Conveyor Belt Market statistics and research analysis released in latest report

1
Conveyor Belt Market Regional Analysis and
Forecast during 2019 2025
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• Conveyor Belt Market Scenario

• Developing nations are observing robust
  industrialization due to presence of huge
  consumer base with rising per capita incomes
  along with their respective governments
  implementing policies to attract foreign
  investments to boost the mining and manufacturing
  sectors. These are the primary reasons propelling
  the conveyor belt market growth over forecast
  time period.
• According to the World Mining Congress, the
  total mining production accounted for 16.9
  billion metric tons in 2016, showing
  approximately 50 growth from 2000 this is owing
  to increasing population and rise in the demand
  for commodities across the globe, such as iron
  ore, coal, and copper, fueling the growth of
  mining industry. Such trends are expected to
  continue and will drive the conveyor belt market
  growth rate in near future.
• Food beverage industry will witness the fastest
  growth rate due to wide range of applications in
  various food processing, packaging and conveying
  systems. Rising demand for packaged food will
  lead to a segment CAGR of around 4.5 from 2019
  to 2025.

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• On the basis installation, the conveyor belt
  market is bifurcated into portable and
  stationary. Portable conveyors show decent growth
  rate of about 4 as these are used for
  construction projects, at airports for loading
  and unloading luggage, and also for rescue
  conveyor systems. They have a lower market share
  as they are applicable only in limited number of
  areas.
• On application basis, there are light, medium and
  heavy weight conveyor belts. Light weight or
  light duty conveyor belts are majorly used in
  food beverage and packaging sectors. This
  segment will hold a substantial share of over 20
  in 2025, growing at a decent rate over the
  forecast time period.
• By material, the polymers segment is further
  classified into polyester, nylon and others which
  include thermoplastics, synthetic rubbers, aramid
  fibers, etc. The demand for polymer conveyor
  belts is expected to remain high due to their
  exceptional impact resistance and tensile
  strength. The polymer segment will witness growth
  rate of around 3.5 from 2019 to 2025.

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• Regional Analysis

• Middle East Africa will witness a decent growth
  rate of close to 3.5 over the forecast spell in
  the overall market. The region has huge resources
  of minerals and government of various developing
  nations in the region are formulating policies
  and strategies to boost industrial development
  activities.

• Competitive Analysis

• Some of the prominent industry players in the
  conveyor belt market are Fenner Dunlop, ContiTech
  AG, Zhejiang Double Arrow Rubber, Bridgestone
  Corporation, Bando chemicals, Forbo, The Yokohama
  Rubber, Ammeraal Beltech, Sempertrans Conveyor
  Belt Soultions,Nitta Corporation, etc.

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