Conveyor Belt Market Size

Conveyor Belt Market Size size was over USD 4.18 billion in 2024 and is projected to exceed USD 6.87 billion by the end of 2037, witnessing over 3.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of conveyor belt is evaluated at USD 4.31 billion.

The growth of this market can be attributed to the increasing number of air traffic passengers driven by the increasing need, advancement, and development of new airports. The construction of Beijing Daxing International Airport China, which is expected to be operational in 2019, has been underway. In the future, the new airport plans to have a total of 7 runways for 620,000 flights and 100 million passengers each year. This is anticipated to raise the demand for conveyor belt in the airport industry.

Increased automation of industry, especially in manufacturing, mining, and logistics sectors, is a driving force behind the dynamic landscape. Demand for these reliable material handling solutions is growing as a result of increased emphasis on safety and efficiency. The conveyor belt market is ensured by advances in belt material, smart monitoring systems, and adaptable designs. It will continue to grow, creating attractive prospects for innovative players.