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Conveyor Belt Market is anticipated to surpass $5 billion by 2025

Author : Rahul Varpe | Published Date : 2019-07-23 

The adoption of conveyor belts across the world’s mining sector is on the cusp of witnessing a complete overhaul as the industry undergoes a digital transformation in an attempt to move itself beyond stagnant growth and deliver exceptional value to the shareholders, the customers as well as the environment. Driven by technological advancements and given the product’s ability to boost production by a substantial margin while also cutting down labor costs, the conveyor belt market is expected to consolidate itself as the backbone of the world’s manufacturing sector, mainly characterized by mass production.

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Driven by the digitalization of the mining industry and the expansion of the F&B space, the global conveyor belt market is expected to command significant growth in the years to come. In fact, a Global Market Insights, Inc., report estimates that the conveyor belt market size would be surpassing the $5 billion renumeration mark by 2025.

A highly profitable vertical of the expanding construction space, conveyor belt market stands tall in terms of revenue in today’s industrial cosmos. With the global populace growing consistently by the day and improving economic conditions, the commercialization prospects of food & beverages industry has observed quite an incline. As conveyor belts have become an integral part of any typical F&B production facility, it goes without saying that the expansion of the F&B space will help conveyer belt industry chart out a lucrative growth path in the years ahead.

Some of the prominent industry players in the conveyor belt market share are:

  • Fenner Dunlop
  • ContiTech AG
  • Zhejiang Double Arrow Rubber
  • Bridgestone Corporation
  • Bando chemicals
  • Forbo
  • The Yokohama Rubber
  • Ammeraal Beltech
  • Sempertrans Conveyor Belt Soultions
  • Nitta Corporation

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Conveyor Belt Market by Product analysis:

Product segmentation: The report claims that the product landscape of the Conveyor Belt is subdivided into –

  • Flat Belt
  • Modular Belt
  • Cleated Belt

Important pointers encompassed pertaining to the product spectrum:

  • Major details about the product spectrum are provided in the report.
  • The study elaborates on the remuneration forecast of each of the product categories by the end of the anticipated duration.
  • The market share which each of the product segments account are mentioned in the study.
  • Also, the most proliferating trends that the product spectrum is characterized by are also entailed.

The conveyor belts market is bifurcated into portable and stationary. Portable conveyors show decent growth rate of about 4% as these are used for construction projects, at airports for loading and unloading luggage, and also for rescue conveyor systems. They have a lower market share as they are applicable only in limited number of areas.

 

Related News: https://www.marketwatch.com/press-release/2019---2025-solution-styrene-butadiene-rubber-s-sbr-market-is-expected-to-witness-highest-gains-2019-07-22

 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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