Conveyor Belt Market Share

APAC Market Forecasts

The Asia Pacific region is set to dominate the conveyor belt market share of 56% by the end of 2037. The demand for efficient material handling solutions is driven by the region's status as a manufacturing superpower, with China, India, and Vietnam leading industrial growth. The market is also driven by flourishing infrastructure development, a boom in e-commerce, and the rapid adoption of automated processes. The Government of the region is actively involved, pouring money into investments. Infrastructure projects, as well as the implementation of supportive policies. This promotes a favorable environment for manufacturers and suppliers of the belt. Technological developments, which are capable of offering more light, greater strength, and durable belts that meet the needs of different industry sectors, have a key role in this respect. The requirements for the construction of elastomeric and steel cord conveyor belts in general material handling shall be covered by IS 15427, Indian Standard. It is not applicable to conveyor belting for underground mines and such other hazardous applications.

North American Market Analysis

The conveyor belt market in the North America region is set to hold a notable share during the studied period. The North America market for conveyor belts is mature, with a large base of industry and well-developed production sectors as well as modern logistics infrastructures. A key driver of the USA market is e-commerce growth, in addition to a growing demand for automation at production units and warehouses. Demand is also supported by the mining industry in this region, especially as regards coal and minerals.