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Market Overview:
The Conveyor Belts Market size is estimated to reach $5.9 Billion by 2030, growing at a CAGR of 4.8% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Conveyor Belts Market ––– By Type (Belt Type Conveyor, Roller Type Conveyor, Overhead Conveyor, Pallet Conveyor and Others), By Conveyor Module (Sorting Modules, Singulation Modules, Curved belt Conveyors, Specialty Belt Conveyors, Diverting, Timing, and Others), By End User (Automotive, Aerospace Manufacturing, Airport, Retail, Food & Beverage, Malls, Industrial, Mining, Oil & Gas, and Others), By Geography- Global Opportunity Analysis & Industry Forecast, 2023-2030”
Adoption of Smart Conveyor Belt Technologies and Growing Demand for Lightweight and Energy-Efficient Conveyor Belts are fueling the growth of the Conveyor Belts industry during the forecast period.
Asia-Pacific Dominated the Market in 2023:
Asia-Pacific held the largest share of 44% in the Conveyor Belts Market due to its rapidly expanding chemical, pharmaceutical, and textile industries. Countries like China, India, and Japan are major contributors to the region's dominance, driven by high production capacities and growing consumption across various sectors. The region's booming textile and dyeing industries, particularly in China and India, have significantly increased the demand for synthetic dyes, where Conveyor Belts serves as a key intermediate. Additionally, the rising agricultural activities in the region have boosted the demand for agrochemicals, further propelling the market. The pharmaceutical sector in Asia-Pacific is also witnessing substantial growth due to increasing healthcare needs and the presence of numerous generic drug manufacturers. Moreover, the availability of low-cost labor, favorable government policies, and investments in infrastructure have attracted several global manufacturers to set up production facilities in the region. These factors, combined with the region's high demand for industrial chemicals, have positioned Asia-Pacific as the leading market for Conveyor Belts, with significant growth potential in the coming years. The rescue operation in the partially-collapsed Srisailam Left Bank Canal (SLBC) tunnel in Telangana’s Nagarkurnool district is expected to gather pace with the conveyor belt becoming operational on March 2025. The conveyor belt was broken when a portion of the tunnel’s roof collapsed on February 2025, trapping eight persons, including two engineers and two machine operators.
Conveyor Belts Market: Key Takeaways
Adoption of Smart Conveyor Belt Technologies:
The adoption of smart conveyor belt technologies is a major trend driving the conveyor belts market. With the rise of Industry 4.0 and the increasing need for automation, conveyor belts are being integrated with IoT sensors, RFID tags, and real-time monitoring systems to enhance operational efficiency. These smart conveyor systems enable predictive maintenance, automatically identifying potential failures before they occur, reducing downtime, and lowering maintenance costs. Additionally, smart belts provide real-time data analytics on speed, temperature, and load capacity, allowing manufacturers to optimize their production lines. The integration of AI-based algorithms and machine learning further enhances decision-making processes, making conveyor systems more autonomous. This trend is particularly prominent in industries like food & beverage, logistics, and automotive, where efficiency and precision are critical. In June 2024, the Japanese government recently announced plans to launch a network of hi-tech, automated conveyor belts, namely the Autoflow-Road, to transport goods over an estimated 310 miles (500 kilometers) between Tokyo and Osaka. As companies prioritize digital transformation, the demand for smart conveyor belts is expected to surge, offering lucrative growth opportunities for market players.
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Growing Demand for Lightweight and Energy-Efficient Conveyor Belts:
The increasing focus on energy efficiency and sustainability is driving the demand for lightweight conveyor belts. Traditional conveyor belts are often made of heavy materials like rubber or metal, which consume more energy during operation. However, lightweight conveyor belts made from materials like polyurethane (PU) and thermoplastic polyurethane (TPU) are gaining popularity due to their lower energy consumption, durability, and ease of maintenance. These belts are particularly beneficial in industries such as pharmaceuticals, electronics, and food processing, where hygiene and precision are crucial. The shift toward energy-efficient solutions aligns with global sustainability goals, encouraging manufacturers to adopt conveyor belts that minimize energy usage without compromising performance. Additionally, lightweight belts contribute to lower operational costs, making them an attractive option for businesses looking to improve profitability. This trend is expected to gain further momentum as industries seek to reduce their carbon footprint and comply with environmental regulations.
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Recent Developments
• In March 2023, Yokohama Rubber introduced Hamaheat Super 80, a high-temperature heat-resistant conveyor belt, catering to steel and cement industries. Designed to endure extreme temperatures, it prevents deterioration caused by conveying materials like ores, cokes, and clinkers. Leveraging advanced rubber compounding technologies, Yokohama delivers durability, extending service life amidst challenging operating conditions.
• In March 2023, Habasit introduced the HabasitLINK M2483 Sphere Top 1” plastic modular belt, enhancing multi-directional movement in logistics and parcel handling. This innovation enables controlled movement of goods across conveyors, offering increased automation and decreased labor needs. As volumes in these facilities surge, the belt provides a solution for efficient, versatile conveying.
• In June 2022, Continental acquired WCCO Belting, a North Dakota-based belting manufacturer, integrating it into its conveying solutions business. This move enhances Continental's portfolio in conveyor belting and strengthens its presence in the agricultural sector. The acquisition promises a comprehensive product and service offering for equipment manufacturers, distributors, dealers, and farmers, ensuring improved support and service.
Conveyor Belts Market: Competitive Landscape
Key companies profiled in the Conveyor Belts Market are Bando Chemical Industries, Continental AG, Bridgestone corporation, Habasit AG, Fenner Dunlop, Ammeraal Beltech, Ltd., Mitsubishi Belting Ltd., Forbo Movement Systems, The Yokohama Rubber Company, Ltd., SIG Societ Italiana Gomma S.p.A. and others.
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IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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