The global conveyor belt market is anticipated to grow with a CAGR of 4.68% over the forecast period, i.e., 2023 - 2036. Factors such as the surge in the adoption of IoT, followed by rising urbanization and rapid infrastructural development are projected to drive the growth of the market in the coming years. Additionally, the rising automation and technological advancement are also expected to boost the market growth. The market is estimated to garner a revenue of near to USD 11.10 billion by the end of 2036, up from a revenue of about USD 6.12 billion in the year 2023.
The global conveyor belt market is segmented into numerous segments, which include segmentation by type, belt type, material, and by region. By belt type, the market is segmented into lightweight, heavy weight, medium weight. By the end of 2036, the medium-weight segment is anticipated to garner the largest revenue of around USD 2.68 billion, up from a revenue of close to USD 1.3 billion in the year 2023.
On the basis of region, the global conveyor belt market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, amongst the markets in all the other regions, is anticipated to garner the largest revenue of more than USD 6.28 billion by the end of 2036. Moreover, in the year 2023, the market in the region generated a revenue of over USD 3.21 billion.
Some of the prominent industry leaders in the global conveyor belt market that are included in our report are ASGCO, Daifuku Co. Ltd., Vanderlande Industries B.V., Taikisha Ltd., Dunlop Conveyor Belting, Luna Innovations Incorporated and others.
The global conveyor belt market is segmented into numerous segments, which include segmentation by type, belt type, material, and by region. By belt type, the market is segmented into lightweight, heavy weight, medium weight. By the end of 2036, the medium-weight segment is anticipated to garner the largest revenue of around USD 2.68 billion, up from a revenue of close to USD 1.3 billion in the year 2023.
On the basis of region, the global conveyor belt market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The market in Asia Pacific, amongst the markets in all the other regions, is anticipated to garner the largest revenue of more than USD 6.28 billion by the end of 2036. Moreover, in the year 2023, the market in the region generated a revenue of over USD 3.21 billion.
Some of the prominent industry leaders in the global conveyor belt market that are included in our report are ASGCO, Daifuku Co. Ltd., Vanderlande Industries B.V., Taikisha Ltd., Dunlop Conveyor Belting, Luna Innovations Incorporated and others.
Table of Contents
1. An Outline of the Global Conveyor Belt Market
3. Research Methodology & Approach
5. Global Conveyor Belt Market Outlook
6. Asia Pacific Conveyor Belt Market Outlook
Companies Mentioned
- ASGCO
- Daifuku Co. Ltd.
- Vanderlande Industries B.V.
- Taikisha Ltd.
- Dunlop Conveyor Belting
- Luna Innovations Incorporated
