comprise two or more pulleys to rotate a belt in continuous circles. They are employed for carrying objects, from one point to another. The material to be transported in placed on the belt and is carried to the end point on the belt. Thickness of the belts nearly 20 mm, however it differs depending on the end user. Globally, technological advancements and upgradations, growing infrastructure activities such as malls, airports, rise in the lean manufacturing system, and increasing industrialization around the globe are the prime growth drivers of global conveyor belts market. In addition, increase in adoption of conveyor belts for newer applications, and emerging economies such as China, India and others, will create new opportunities for global conveyor belts market. However, higher service and maintenance cost, and conveyor systems reliability being hampered by technical glitches are the key restraints for global conveyor belts market.
This report identifies the global conveyor belts market
size in for the year 2014-2016, and forecast of the same for year 2021. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to global conveyor belts market.
Geographically Asia Pacific dominated global conveyor belts market, and is projected to have fastest growth, owing to rapidly increasing population along with urbanization, rising industrial investment, and modernizing infrastructure in developing nations such as China and India in this region. Among all the end-users, industrial segment has the highest market share in global conveyor belts market.This report segments global conveyor belts market on the basis of end-user and regional market as follows:
Sample Companies Profiled in this Report are:
- The report has focused study on conveyor belts market by basis of end-user such as Automotive, Aerospace, Airport, Retail, Food & Beverage, Malls, Industrial, Mining, Oil & Gas, and Others
- This is report has been further segmented into major regions, which includes detailed analysis of each region such as: North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) covering all the major country level markets in each of the region
- Bando Chemical Industries
- QingDao Rubber Six
- Zhejiang Double Arrow
- The Goodyear Tire & Rubber Company
- Bridgestone Corporation