DUBLIN--(BUSINESS WIRE)--The "Conveyor Belt Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global conveyor belt market reached a value of US$ 5.3 Billion in 2017. The market is expected to reach a value of US$ 6.3 Billion in 2023, growing at a CAGR of 3% during 2018-2023.
A growing demand from the power, mining, and manufacturing industries represent one of the key factors driving the global conveyor belt market. As a result of heavy competition in the market, these industries are majorly reliant on efficient techniques to increase their productivity. The demand for conveyor belts is also boosted by the growth of infrastructural activities and macroeconomic factors such as GDP growth. Another major market trend that is gaining momentum is the growing demand for eco-friendly conveyor belts with self-cleaning properties, which tend to improve the operational costs of the industries
The report has segmented the market on the basis of type into medium-weight conveyor belt, lightweight conveyor belt and heavyweight conveyor belt, wherein medium-weight conveyor belt is the most popular product type.
On the basis of end-use, the report is categorised into metallurgy industry, chemical industry, steel-making industry and others.
Region-wise, Asia-Pacific represents the leading market, followed by Europe and North America. Other major regions include Middle East and Africa, and Latin America.
On analysing the import-export scenario, it is found that the United States is the largest importer, and Germany is the largest exporter.
- Bando Chemical Industries, Ltd.
- Volta Belting Technology Ltd.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Conveyor Belt Market
6 Market Breakup by Product Type
7 Market Breakup by End-Use
8 Market Breakup by Region
9 Imports and Exports
10 Conveyor Belt Manufacturing Process
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Bando Chemical Industries, Ltd.
11.3.4 Volta Belting Technology Ltd
For more information about this report visit https://www.researchandmarkets.com/research/47g885/global_conveyor?w=4