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Conveyor Belt Market by Material (Metal, Others), by Product type (Flat belt, Modular belt, Cleated belt), by Installation (Portable, Stationary), by Application (Lightweight, Medium-weight, Heavy-weight), by End-Use (Mining, Food & beverage, Power generation, Recycling, Supply chain, General manufacturing, Others), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Portugal, Romania, Switzerland, Netherlands), by Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (UAE, Saudi Arabia, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Conveyor Belt Market was valued at USD 5.5 Billion in 2024 and is projected to reach USD 6.95 Billion by 2033, with an expected CAGR of 3.4% during the forecast period.Several major factors are driving the market in the right direction in this case.Demand from many industries, for example, in mining, food and beverage, power generation, and recycling is on the increase. Government initiatives with respect to developing infrastructure and developing industries further give impetus to the demand for conveyor belt systems. Rising awareness about the various advantages offered by conveyor belts, such as improved operational efficiency and the reduction of material handling-related costs, is also adding to the growth of the market. Finally, continuous technological improvement leads to an ever more robust, light in weight, and energy-efficient conveyor belt, which makes it a great choice for several industrial applications.
The conveyor belt market is fragmented with a large number of local and regional players. The market is dominated by a few key players, including:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.4% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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