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Conveyor Belts Market Globally Expected to Drive

Growth through 2025

November 2016

Report Id : REP-GB-319

Status : Ongoing

Category : Chemicals and Materials

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Conveyor Belts Market

Conveyor Belts Market Globally Expected to Drive Growth through 2025

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.

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Conveyor Belts Market

Demand for conveyor belt is profoundly dependent on increase in industrial investments in a region.

Therefore, macroeconomic factors such as GDP growth are among major growth drivers for conveyor belt

market. Growth in infrastructure activities such as malls, airports, etc. is also among foremost factors

driving growth for conveyor belt market. Economic turmoil is among major factors restraining demand

for conveyor belts.

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.

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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

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ASEAN Automotive Aftermarket Analysis

Chemical Industries, Bridgestone, ContiTech AG, Goodyear, ContiTech AG, QingDao Rubber Six and

Zhejiang Double Arrow among several others.

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