About Lightweight Conveyor Belts
Lightweight Conveyor Belt are manufactured with materials such as polyester, nylon, cotton, solid woven, fiber glass. It produces very low noise while operating, provides high strength and can be fitted with flights, profile and sidewalls. The lightweight conveyor belts are installed for materials handling and processing industry. Additionally, it is used for automatic line of delivery in advanced and versatile machine. Hence, these wide range of applications are creating a demand in lightweight conveyor belt which is affecting the market growth positively.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.2% |
Lightweight conveyor belt market is fragmented with numerous players who are focusing to offer a wide range of innovative products to attract customers. Also, they are keeping an eye on the quality product for their end consumers. The companies are exploring the market in new regions by expansion, investments merger & acquisition and collaboration as a strategies. Emerging countries are to estimate positive growth due to rapid urbanization, and industrialization over the coming years. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Lightweight Conveyor Belts market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Habasit (Switzerland), Ammeraal Beltech (Netherlands), Forbo-Siegling (Germany), Derco (Netherlands), Esbelt (Spain), Intralox (United States), Mitsuboshi Belting Ltd. (Japan), Continental AG (Germany), Wuxi Shun Sheng (China), CHIORINO (Italy) and Sparks (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Lightweight Conveyor Belts market by Type (Coating Process and Calendering Process), Application (Food & Tobacco, Transport and Logistics Industry, Printing and Packaging Industry, Textile Industry, Agriculture and Others) and Region.
On the basis of geography, the market of Lightweight Conveyor Belts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Material, the sub-segment i.e. Polyester will boost the Lightweight Conveyor Belts market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge in Demand for Steel Cord Conveyor Belts and Technological Advancements in Conveyor Systems
Market Growth Drivers:
Upsurge in Demand of Packaged Foods and Increasing Automation in Material Handling
Challenges:
Storage and Handling of Conveyor Belt and Stiff Competition among the Major Players
Restraints:
High Initial Costs Associated with Setting up of Conveyor Belts
Opportunities:
Rising Industrialization in Developing Economies and Growing Infrastructural Activities
Market Leaders and their expansionary development strategies
In November 2023, Belt Power, LLC announced that it completed the acquisition of Reliable Rubber, LLC (“Reliable Rubber”). As a highly respected, 2nd generation, fabricator and distributor for more than 45 years, Reliable Rubber delivers a wide variety of lightweight belting products and services.
In March 2023, The Yokohama Rubber Co., Ltd. announced today that it has launched the Hamaheat Super 80, a high-temperature heat-resistant conveyor belt from its popular Hamaheat series. It is utilizing high-temperature heat-resistant belts are steel and cement, and they are used to transport high-temperature or medium-temperature materials such as sintered ores*1, cokes*2, sintered products*3, and clinkers*4.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.