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The conveyor belt market size is expected to reach US$ 7,805.95 million by 2031 from US$ 5,480.26 million in 2024. The market is estimated to register a CAGR of 5.3% during 2025–2031. Integration of conveyor belt systems with artificial intelligence is likely to bring new trends to the market in the coming years.
Conveyor Belt Market Analysis
The conveyor belt market is growing significantly owing to the rising demand for industrial and warehouse automation in automotive, e-commerce consumer goods, mining and metals, food and beverage, recycling, agriculture, and aerospace and defense industries. Other key driving factors include increasing demand from production facilities, rising product developments, and increasing expansion of airports globally The market possesses a dynamic competitive landscape. Continental AG, Fenner, Bando Chemical Industries, Bridgestone Corporation, and Habasit AG are key players operating in the conveyor belt market. There is intense competition between key players and other vendors operating in the market. Factors providing an additional competitive advantage in major companies include extensive distribution networks, diverse product portfolios, multi-year operational experience, constant product innovation, as well as mergers and acquisitions.
Conveyor Belt Market Overview
Mining and manufacturing industries are pushing the adoption of heavy-duty conveyor belts due to their ability to streamline material handling, reduce labor costs, and improve operational efficiency. In contrast, the food and beverage processing, packaging, and logistics industries have adopted lightweight belts globally due to their different requirements. Such dynamics have generated a distinct competitive submarket, with companies providing solutions for lightweight application industries. Several companies cater to heavy-duty applications. The fluctuating raw material prices of rubber or synthetic materials directly hamper vendors' profit margins and pricing strategies. Larger manufacturers negotiate lower prices for raw materials and manage cost variations, whereas smaller companies need to differentiate themselves through specialization and enhanced services. The competitive environment has changed due to the focus on sustainable and eco-friendly products, as manufacturers are allocating resources to creating environmentally friendly belt materials and energy-efficient designs to satisfy shifting customer demands and regulatory standards.
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Conveyor Belt Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Conveyor Belt Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Conveyor Belt Market Drivers and Opportunities
Increasing Expansion of Airports Globally
Airport infrastructure globally is expanding owing to increased air passengers and cargo activities. In March 2023, the Airports Council International (ACI Europe) announced that the passenger traffic in the European network of airports grew by more than 69% in January 2023 compared to January 2022. In March 2023, Fraport, a transport company, invested ~US$ 5.7 billion (EUR 4 billion) to expand the Frankfurt International Airport, Germany’s main airport hub. The expansion is expected to be completed by 2026. Under this expansion project, air movements are expected to increase from 80 movements an hour in 2023 to 120 by 2026. Governments are pushing their investments for the existing airports. For instance, the US Federal Aviation Administration announced funding of US$ 1 billion to improve the infrastructure of 99 airports. This funding was provided through President Biden's Bipartisan Infrastructure Law in 2023.
As airports grow, they require advanced conveyor belts for managing higher passenger volumes, ensuring smooth operations, reducing delays, and improving the overall travel experience. This expansion necessitates automated, high-capacity conveyor systems that can handle both luggage and cargo more efficiently.
Surging Automation in Warehouses
The global logistics and warehousing industries are experiencing an e-commerce surge, manufacturing boom, increased consumption, and overall industrial expansion. However, complex supply chains, inefficiencies, growing costs, and increased demand for fast delivery present challenges. The industry is looking to warehouse automation to address these difficulties and capitalize on the expansion. Embracing automation increases productivity, lowers labor expenses, decreases errors, optimizes inventory management, and ensures cost-efficiency, allowing warehouses to handle larger volumes of goods more efficiently. The rise in warehouses worldwide is due to the soaring demand from the e-commerce sector, last-mile deliveries, and changes in consumer behavior.
Warehouse automation and the surging number of warehouses increase the demand for efficient, automated material handling systems. As companies seek to streamline operations, conveyor belts play a crucial role in improving speed, accuracy, and cost-effectiveness. The rise of e-commerce drives the need for fast, reliable logistics solutions. Conveyor belts enable smoother transitions of goods within large-scale warehouses, boosting operational efficiency. In conclusion, the continued expansion of warehouse infrastructure and automation is anticipated to generate growth opportunities for the market in the future.
Conveyor Belt Market Report Segmentation Analysis
Key segments that contributed to the derivation of the conveyor belt market analysis are type, material type, and application.
- In terms of type, the market is categorized into flat belt, incline/decline belt, movable/mobile belt, cleated belt, modular belt, roller bed, and others. The flat belt segment dominated the market in 2024.
- By material type, the market is categorized into metal, polymer, rubber, resin, and others. The rubber segment dominated the market in 2024.
- Based on application, the market is divided into lightweight, medium-weight, and heavy-weight applications. The medium-weight segment dominated the market in 2024.
- Per industry, the market is categorized into mining and metals, automotive, general manufacturing, food and beverage, power generation, recycling, oil and gas, agriculture, aerospace & defense, and others. The general manufacturing segment dominated the market in 2024.
Conveyor Belt Market Share Analysis by Geography
The conveyor belt market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). Asia Pacific dominated the market in 2024, followed by North America and Europe.
The conveyor belt market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The region is experiencing growing demand for advanced manufacturing capabilities and the need for greater operational efficiency. The pharmaceuticals, automotive, food and beverage, and electronics industries are adopting conveying systems to enhance production processes and optimize resource management. The push for smart manufacturing and Industry 4.0 is leading manufacturers to implement more sophisticated, data-driven solutions for real-time monitoring, predictive maintenance, and quality management. Smart manufacturing and Industry 4.0 are driving demand for conveyor belts by integrating IoT, AI, and automation to enable real-time monitoring and adaptive control. This integration boosts efficiency, reduces downtime, and streamlines material flow in factories. As a result, industries are adopting advanced conveyor systems to support high-speed production. For instance:
- In November 2024, Montech Conveyors Corp. announced its new line of SOLTB belt conveyors, aiming to optimize processes for packaging materials and energy converters such as fuel, battery, and solar cells.
- In March 2023, YOKOHAMA announced that it had launched the Hamaheat Super 80, a high-temperature heat-resistant conveyor belt from its Hamaheat series. The Hamaheat Super 80 is a middle-grade product based on the Hamaheat Super 100, a high-grade product in the Hamaheat series that has gained traction for its high-temperature heat resistance and was developed with the aim of providing a product that offers superior cost performance by optimizing performance to suit operating conditions.
Conveyor Belt Market Report Scope
Conveyor Belt Market News and Recent Developments
The conveyor belt market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Key developments in the conveyor belt market are:
- BEUMER Group extended its presence in South America with the integration of the former FAM operations in Brazil, Peru and Chile. The move follows the acquisition of FAM Minerals & Mining GmbH in 2022. Now known as BEUMER Group South America, the former FAM operations have become an integral part of the BEUMER family and will offer customers access to the full range of BEUMER automated material handling solutions and services. This milestone demonstrates BEUMER Group's long-term commitment to customers throughout South America and represents a significant investment in the region. (Source: BEUMER Group, Press Release, June 2024)
- Forbo Movement Systems is launching a new belt. It is ideal for narrow applications and conveying unpackaged food like chocolate bars or snacks. The new Transilon E 2/1 U0/U8 LG blue FDA (art. no. 904718) was originally developed for a renowned OEM of tubular bag packaging machines and now makes knife-edge applications for mini conveyors possible. The advantage of a conveyor belt with a knife edge is the very narrow gap during belt transfer between two conveyors. Therefore, even very small products are transferred very gently. (Source: Forbo Movement Systems, Press Release, February 2025)
Conveyor Belt Market Report Coverage and Deliverables
The "Conveyor Belt Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
- Conveyor belt market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Conveyor belt market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST and SWOT analysis
- Conveyor belt market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the conveyor belt market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The conveyor belt market is expected to reach US$ 7.80 billion in the year 2031.
The key players, holding majority shares, in conveyor belt market includes Habasit AG; Semperit AG Holding; Fenner Dunlop; Nitta Corporation; and Ashworth Bros, Inc.
The Asia Pacific held the largest market share in 2024, followed by North America.
Increasing demand from production facilities, rising product developments, and increasing expansion of airports globally are the driving factors impacting the conveyor belt market.
Integration with artificial intelligence is the future trends of the conveyor belt market.
The conveyor belt market was valued at US$ 5.48 billion in 2024 and is projected to reach US$ 7.80 billion by 2031; it is expected to grow at a CAGR of 5.3% during 2025–2031.
The List of Companies - Conveyor Belt Market
- Habasit AG
- Forbo Holding AG
- Semperit AG Holding
- Ashworth Bros., Inc.
- Fenner Dunlop
- MacAlion, Inc.
- Dorner Mfg. Corp.
- Cambelt International LLC
- BEUMER Group
- NITTA Corporation.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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