Global Conveyor Belts Market: Green Conveying Concept Generating More Opportunities
According to a new report published by Reports Monitor titled, “Global Conveyor Belts Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Conveyor Belts market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Conveyor belts forms one of the important tool in material handling industry. It is primarily used for the transportation of bulk materials such as grain, coal, sand and others. The architecture consist of two or more pulleys for rotating the belt, thus the materials are carried forward. Depending upon the applications, the belts are manufactured by using PVC or rubber.
The conveyor belt witnesses a higher demand owing to the increased adoption in the industrial and manufacturing sector. Additionally, it’s wide range of application in airports malls and also contributes in propelling the market growth. However, the high initial cost in setting up the conveyor belts is restraining the market growth. The increasing popularity of green conveying in the manufacturing sector has resulted in generating more market opportunities.
This report provides a detailed analysis of Conveyor Belts market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and porter’s analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources and with bottom-up and top-down approaches.
The global conveyor belt market is majorly segmented on the basis of load capacity, type and end use. Depending upon the load capacity, market is segmented into: lightweight, medium-weight and heavy-weight, while on the basis of type, market is bifurcated into: overhead, floor, roller, pallet and crescent. Based on the end use, market is segmented into: retail, food and beverage, automotive, industrial, airports and others.
Based on the geographical areas covered, the market is analysed across: North America, Europe, Asia Pacific and LAMEA. Among the following regions analysed, Asia Pacific is anticipated to hold the major market share mainly due to the emerging economies such as China, India and Japan and others. Increased expansion in the manufacturing and automotive sector has also contributed in boosting the market growth.
The major key players operating in the market are: Siemens AG, TGW Logistics Group, Emerson Electric Co., Intelligrated, Daifuku Co. Ltd., Interroll Holding GmbH, Vanderlande Industries B.V., Taikisha Ltd., Fives, and Swisslog.
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