The North America conveyor belt market size reached US$ 1.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
2. What is the expected growth rate of the North America conveyor belt market during 2023-2028?
3. What has been the impact of COVID-19 on the North America conveyor belt market?
4. What are the key factors driving the North America conveyor belt market?
5. What is the breakup of the North America conveyor belt market based on the product type?
6. What is the breakup of the North America conveyor belt market based on the end-use?
7. What are the key regions in the North America conveyor belt market?
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the North America conveyor belt market report, along with forecasts at the regional and country levels from 2023-2028. The report has categorized the market based on product type and end-use.Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
Market by Product Type
- Medium-Weight Conveyor Belt
- Light-Weight Conveyor Belt
- Heavy-Weight Conveyor Belt
Market by End-Use
- Mining and Metallurgy
- Manufacturing
- Chemicals, Oils and Gases
- Aviation
- Others
Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Questions Answered in This Report
1. What was the size of the North America conveyor belt market in 2022?2. What is the expected growth rate of the North America conveyor belt market during 2023-2028?
3. What has been the impact of COVID-19 on the North America conveyor belt market?
4. What are the key factors driving the North America conveyor belt market?
5. What is the breakup of the North America conveyor belt market based on the product type?
6. What is the breakup of the North America conveyor belt market based on the end-use?
7. What are the key regions in the North America conveyor belt market?
Frequently Asked Questions about the North American Conveyor Belt Market
What is the estimated value of the North American Conveyor Belt Market?
What is the growth rate of the North American Conveyor Belt Market?
What is the forecasted size of the North American Conveyor Belt Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 120 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 2.1 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | North America |
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Conveyor Belt Market
6 North America Conveyor Belt Market
7 North America Conveyor Belt Market: Breakup by Product Type
8 North America Conveyor Belt Market: Breakup by End-Use
9 North America Conveyor Belt Market: Breakup by Country
10 SWOT Analysis
11 Value Chain Analysis
12 Porter’s Five Forces Analysis
13 Competitive Landscape
Methodology
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