The Conveyor belt is an endless band that transfers the material conveyed between two points. A conveyor belt is comprised of a reinforced member, or carcass, and a protective covering. Conveyor belts are generally a composite of rubber or some elastomer such as PVC and fabric or some other reinforcement. The elastomer is the external covering which provides wear ability and protection from the handling environment. The fabric carcass internally serves as the strength bearing member for supporting the load and to control stretching of the belt.
As international economic situation is complicated, in the next few years there will be many uncertainties although. Due to the government’ policy and the high production of Conveyor and Drive Belt in the international market, the current demand for Conveyor and Drive Belt product is relatively high in the mature market, such as Japan, EU, US and China.
In 2015, the global production of the Conveyor and Drive Belt reaches over 20333 10k sq.m, and the growth rate is around 8% during the last five years. And we estimate the growth rate will be stable in the following years.
Habasit, Ammeraal Beltech and Forbo-Siegling are the leading players in the industry. And these companies occupied about 27.3% market share in 2015.
Not as heavy conveyor belt, Conveyor and Drive Belt is mainly produced in developed areas like EU, NA and Japan. Also, the advanced technologies are mainly seized by large companies.
Although sales of Conveyor and Drive Belt brought a lot of opportunities, the industry barrier is rather high. Therefore, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the Conveyor and Drive Belt field hastily.
The global Conveyor and Drive Belt market was 6140 million US$ in 2018 and is expected to 8280 million US$ by the end of 2025, growing at a CAGR of 3.8% between 2019 and 2025.
This report studies the Conveyor and Drive Belt market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Conveyor and Drive Belt in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Wuxi Shun Sheng
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Conveyor and Drive Belt market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Conveyor and Drive Belt market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Conveyor and Drive Belt manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Conveyor and Drive Belt with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Conveyor and Drive Belt submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Conveyor and Drive Belt are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (10K sqm). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Conveyor and Drive Belt market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Conveyor and Drive Belt market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.