The conveyor belt market size is expected to reach US$ 7,805.95 million by 2031 from US$ 5,480.26 million in 2024. The market is estimated to register a CAGR of 5.3% during 2025–2031. Integration of conveyor belt systems with artificial intelligence is likely to bring new trends to the market in the coming years.
The conveyor belt market is growing significantly owing to the rising demand for industrial and warehouse automation in automotive, e-commerce consumer goods, mining and metals, food and beverage, recycling, agriculture, and aerospace and defense industries. Other key driving factors include increasing demand from production facilities, rising product developments, and increasing expansion of airports globally The market possesses a dynamic competitive landscape. Continental AG, Fenner, Bando Chemical Industries, Bridgestone Corporation, and Habasit AG are key players operating in the conveyor belt market. There is intense competition between key players and other vendors operating in the market. Factors providing an additional competitive advantage in major companies include extensive distribution networks, diverse product portfolios, multi-year operational experience, constant product innovation, as well as mergers and acquisitions.
Mining and manufacturing industries are pushing the adoption of heavy-duty conveyor belts due to their ability to streamline material handling, reduce labor costs, and improve operational efficiency. In contrast, the food and beverage processing, packaging, and logistics industries have adopted lightweight belts globally due to their different requirements. Such dynamics have generated a distinct competitive submarket, with companies providing solutions for lightweight application industries. Several companies cater to heavy-duty applications. The fluctuating raw material prices of rubber or synthetic materials directly hamper vendors' profit margins and pricing strategies. Larger manufacturers negotiate lower prices for raw materials and manage cost variations, whereas smaller companies need to differentiate themselves through specialization and enhanced services. The competitive environment has changed due to the focus on sustainable and eco-friendly products, as manufacturers are allocating resources to creating environmentally friendly belt materials and energy-efficient designs to satisfy shifting customer demands and regulatory standards.
Airport infrastructure globally is expanding owing to increased air passengers and cargo activities. In March 2023, the Airports Council International (ACI Europe) announced that the passenger traffic in the European network of airports grew by more than 69% in January 2023 compared to January 2022. In March 2023, Fraport, a transport company, invested ~US$ 5.7 billion (EUR 4 billion) to expand the Frankfurt International Airport, Germany’s main airport hub. The expansion is expected to be completed by 2026. Under this expansion project, air movements are expected to increase from 80 movements an hour in 2023 to 120 by 2026. Governments are pushing their investments for the existing airports. For instance, the US Federal Aviation Administration announced funding of US$ 1 billion to improve the infrastructure of 99 airports. This funding was provided through President Biden's Bipartisan Infrastructure Law in 2023.
As airports grow, they require advanced conveyor belts for managing higher passenger volumes, ensuring smooth operations, reducing delays, and improving the overall travel experience. This expansion necessitates automated, high-capacity conveyor systems that can handle both luggage and cargo more efficiently.
The global logistics and warehousing industries are experiencing an e-commerce surge, manufacturing boom, increased consumption, and overall industrial expansion. However, complex supply chains, inefficiencies, growing costs, and increased demand for fast delivery present challenges. The industry is looking to warehouse automation to address these difficulties and capitalize on the expansion. Embracing automation increases productivity, lowers labor expenses, decreases errors, optimizes inventory management, and ensures cost-efficiency, allowing warehouses to handle larger volumes of goods more efficiently. The rise in warehouses worldwide is due to the soaring demand from the e-commerce sector, last-mile deliveries, and changes in consumer behavior.
Warehouse automation and the surging number of warehouses increase the demand for efficient, automated material handling systems. As companies seek to streamline operations, conveyor belts play a crucial role in improving speed, accuracy, and cost-effectiveness. The rise of e-commerce drives the need for fast, reliable logistics solutions. Conveyor belts enable smoother transitions of goods within large-scale warehouses, boosting operational efficiency. In conclusion, the continued expansion of warehouse infrastructure and automation is anticipated to generate growth opportunities for the market in the future.
Key segments that contributed to the derivation of the conveyor belt market analysis are type, material type, and application.
The conveyor belt market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). Asia Pacific dominated the market in 2024, followed by North America and Europe.
The conveyor belt market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The region is experiencing growing demand for advanced manufacturing capabilities and the need for greater operational efficiency. The pharmaceuticals, automotive, food and beverage, and electronics industries are adopting conveying systems to enhance production processes and optimize resource management. The push for smart manufacturing and Industry 4.0 is leading manufacturers to implement more sophisticated, data-driven solutions for real-time monitoring, predictive maintenance, and quality management. Smart manufacturing and Industry 4.0 are driving demand for conveyor belts by integrating IoT, AI, and automation to enable real-time monitoring and adaptive control. This integration boosts efficiency, reduces downtime, and streamlines material flow in factories. As a result, industries are adopting advanced conveyor systems to support high-speed production. For instance:
The regional trends and factors influencing the Conveyor Belt Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Conveyor Belt Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 5,480.26 Million |
| Market Size by 2031 | US$ 7,805.95 Million |
| Global CAGR (2025 - 2031) | 5.3% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Conveyor Belt Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Conveyor Belt Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The conveyor belt market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Key developments in the conveyor belt market are:
The "Conveyor Belt Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
The List of Companies - Conveyor Belt Market
The conveyor belt market is expected to reach US$ 7.80 billion in the year 2031.
The key players, holding majority shares, in conveyor belt market includes Habasit AG; Semperit AG Holding; Fenner Dunlop; Nitta Corporation; and Ashworth Bros, Inc.
The Asia Pacific held the largest market share in 2024, followed by North America.
Increasing demand from production facilities, rising product developments, and increasing expansion of airports globally are the driving factors impacting the conveyor belt market.
Integration with artificial intelligence is the future trends of the conveyor belt market.
The conveyor belt market was valued at US$ 5.48 billion in 2024 and is projected to reach US$ 7.80 billion by 2031; it is expected to grow at a CAGR of 5.3% during 2025–2031.