The following companies as the key players in the global conveyor belt market: Bando Chemical Industries, Ltd., The Bridgestone Group, ContiTech, Fenner, and YOKOHAMA. Other Prominent Vendors in the market are: The Chiorino Group, GRT Rubber Technologies, Intralox, Volta Belting Technology Ltd., YongLi Group, Omtech Food Engineering, HIC International, and Habasit.
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Conveyor Belt Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Report at www.rnrmarketresearch.com/contacts/1144114 .
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The analysts forecast global conveyor belt market to grow at a CAGR of 5.92% during the period 2017-2021. One trend in the market is increasing demand for steel cord conveyor belts.
The demand for the steel cord conveyor belt is rising, which is helping the global conveyor belt market to grow. This is because these belts are extensively used in applications like coal mining.
The coal mining sector accounted for more than 38% share in the global underground mining equipment market.”
According to the report, one driver in the market is increasing demand for automation in material handling. The global conveyor belt market is growing because of an increasing demand for automation in handling the materials.
This is primarily because of the rising need for handling the materials, especially bulky materials, as they vary in texture and size. The yearly growth rate for global automated material handling equipment market is expected to be more than 6% during the forecast period.
The demand for automation is high in various industries, with the automotive industry carrying the highest market share. The others industry segment includes retail and healthcare industries.
Further, the report states that one challenge in the market is storage and handling challenges of conveyor belt. The storage and handling of a conveyor belt are complex procedures, which creates a challenge for the global conveyor belt market.
Before installing, belts are required to be stored in a cool and dry place and rotated 90° in a span of 5 to 6 months. This is to protect the belt from moisture accumulation.
Moreover, handling of the roll is crucial before the installation. The packaging of belts is required to be done in cylindrical reels.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
This report covers the present scenario and the growth prospects of the global conveyor belt market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of several types of conveyor belts, which include lightweight, medium-weight, and heavy-weight conveyor belts.
A conveyor belt is a part of conveyor systems, which provides controlled movement of materials from one place to another. It consists of pulleys that keep the belt rotating with an endless loop.The basic types of conveyor belts consist of light-weight, medium-weight, and heavy-weight conveyor belts market based on the type of product conveyor belts carry.
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Appendix
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