Conveyor Belt Market Soars Driven by Surge in Air Passenger Journeys

The Business Research Company’s Conveyor Belt Global Market Report 2023 – Market Size, Trends, And Market Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 23, 2023 /EINPresswire.com/ — The global conveyor belt market has experienced significant growth, escalating from $5.18 billion in 2022 to $5.38 billion in 2023, registering a Compound Annual Growth Rate (CAGR) of 3.8%. Projections indicate continued expansion, with the market size expected to reach $6.27 billion by 2027, maintaining a robust CAGR of 3.9%.

Air Passenger Journeys Fueling Market Growth
The conveyor belt market is witnessing a boost due to a surge in air passenger journeys. Factors such as rapid growth in disposable income, improved living standards, and the increased availability of affordable air travel have contributed to a significant rise in air passenger journeys globally. Governments responding to this growth are establishing new airports, driving demand for conveyor belts, essential components facilitating the seamless transportation of passengers’ luggage within airports. Recent data from the International Civil Aviation Organization (ICAO) indicates a substantial increase in air passengers and flight departures, underscoring the heightened demand for conveyor belts in the aviation sector.

For detailed insights into the global conveyor belt market, refer to our comprehensive sample report:
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Key Players Shaping Market Dynamics
Major players influencing the conveyor belt market landscape include ContiTech AG, The Yokohoma Rubber Co., Ltd., Bridgestone Corporation, Fenner Group Holdings Ltd., Elastomerik Belts Private Limited, Continental Belting Private Limited, Sempertrans Conveyor Belt Solutions GmbH, Bando Chemical Industries, Ltd., Siemens AG, Emerson Electric Co., Intelligrated, Daifuku Co., Ltd., Interroll Holding GmbH, Vanderlande Industries B.V., Fives, Swisslog, Forbo Holding Ltd., and Taikisha Ltd.

Technological Advancements Drive Market Trends
Technological advancements play a crucial role in the conveyor belt market, with manufacturers focusing on innovations such as eco-friendly conveyor belts, direct drive motors, smart conveyors, vacuum conveyors, and adjustable conveyors. These technologies aim to meet industry demands, enhance efficiency, and address environmental concerns. Notably, BEUMER Group’s launch of an eco-friendly U-shaped conveyor belt exemplifies efforts toward effective and environmentally friendly port terminal operations. The design, featuring a closed tube that shields materials from external forces and environmental emissions, aligns with the industry’s shift toward sustainability.

Regional Dynamics and Market Segmentation
Asia-Pacific emerged as the largest region in the conveyor belt market in 2022, with Western Europe expected to be the fastest-growing region in the forecast period. The comprehensive market segmentation covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The global conveyor belt market is segmented –
1) By Type: Overhead, Floor, Roller, Pallet, Crescent
2) By Installation: Portable, Stationary
3) By Material: Metal, Polymer
4) By Application: Light Weight, Medium Weight, Heavy Weight
5) By End-User: Mining, Food and Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing, Other End-Users

To access the complete report with in-depth analysis and strategic insights, click here:
https://www.thebusinessresearchcompany.com/report/conveyor-belt-global-market-report

Conveyor Belt Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Conveyor Belt Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on conveyor belt market size, conveyor belt market drivers and trends, conveyor belt market major players, conveyor belt market competitors’ revenues, conveyor belt market positioning, and market growth across geographies. The conveyor belt market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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