Conveyer belts are primarily employed for carrying objects, from one point to another. The belts typically comprise two or more pulleys to rotate a belt in continuous circles. The material to be transported in placed on the belt and is carried to the end point on the belt. Commonly, two pulleys are employed for functioning of one conveyor belt one of the pulleys is rotated and it drives the other pulley while it is rotating. The belts are generally used for transportation in close distances, generally within a building.
Global manufactures mainly distributed in APAC. Demand for conveyor belt is profoundly dependent on increase in industrial investments in a region. Therefore, macroeconomic factors such as GDP growth are among major growth drivers for conveyor belt market. APAC dominates the global demand market for conveyor belts and the trend is anticipated to continue for a foreseeable future. Increasing industrial investment in India and China has been among foremost factor driving demand for conveyor belt in Asia Pacific.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly, i ...
Table of Contents
2019-2024 Global Conveyor Belts Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Conveyor Belts Consumption 2014-2024
2.1.2 Conveyor Belts Consumption CAGR by Region
2.2 Conveyor Belts Segment by Type
2.2.1 Heavy weight Conveyer Belt
2.2.2 Light Weight Conveyer Belt
2.3 Conveyor Belts Consumption by Type
2.3.1 Global Conveyor Belts Consumption Market Share by Type (2014-2019)
2.3.2 Global Conveyor Belts Revenue and Market Share by Type (2014-2019)
2.3.3 Global Conveyor Belts Sale Price by Type (2014-2019)
2.4 Conveyor Belts Segment by Application
2.4.3 Food Production Industry