Rising Demand from Production Facilities Boosts Conveyor Belt Market Growth
According to our latest market study on "Conveyor Belt Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis — by Type, Material, Application, and Industry," the market was valued at US$ 5,480.26 million in 2024 and is anticipated to reach US$ 7,805.95 million by 2031; it is estimated to register a CAGR of 5.3% during 2025–2031. The report includes growth prospects in light of current conveyor belt market trends and factors influencing the market growth.
The demand for conveyor belts across the industrial sector is surging due to the increasing adoption of automation and the requirement for smooth material handling for industrial operations. To improve their production capacity and satisfy the demand for goods from consumers, manufacturers in packaging, food and beverage, pharmaceuticals, and the automotive sectors are investing in sophisticated conveyor systems. The need for effective conveyor systems has increased as manufacturers embrace digital transformation. The emphasis on Industry 4.0 and smart manufacturing is soaring for integrating various stages of the production process in the manufacturing facilities, enabling real-time monitoring, and facilitating data-driven decision-making. The demand for automation across production facilities is supporting the adoption of conveyor belts. Adopting lightweight, durable, and high-performance materials-based conveyor belts boosts operational efficiency across industrial facilities. To address the rising demand for conveyor belts, market players are expanding their production capabilities. In October 2024, Continental announced the expansion of its manufacturing plant in Ponta Grossa, Brazil, to accommodate the production of heavy-duty steel cord conveyor belts. This plant is now the second location from Continental’s group sector ContiTech to manufacture belts rated up to ST10000, which is considered the world’s strongest belt rating, made to withstand extreme conditions.
Conveyor Belt Market Analysis – by Geography, 2024
Conveyor Belt Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Flat Belt, Incline or Decline Belt, Mobile Belt, Cleated Belt, Modular Belt, Roller Bed, Mobile Transloaders, and Others), Material (Metal, Polymer, Rubber, and Others), Application (Lightweight, Medium-weight, and Heavy-weight), Industry (Mining and Metal, Automotive, General Manufacturing, Retail and Warehouse, Food and Beverage, Power Generation, Recycling, Oil and Gas, Agriculture, Aerospace and Defense, and Others), and Geography
Conveyor Belt Market Global and Regional Share by 2031
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Source: The Insight Partners Analysis
Major stakeholders in the conveyor belt ecosystem comprise raw material suppliers, belt manufacturers, distributors, end users, and regulatory bodies. Ecosystem analysis helps understand a brief overview of stakeholders engaged in offering solutions and providing the final solution to the end users. Suppliers provide rubber, synthetic materials, and alloys used to manufacture conveyor belts. They help manufacturers provide enhanced durability, sustainability, and performance products. These raw materials are essential in determining the conveyor belt's final strength, corrosion resistance, and durability. Manufacturers design, produce, and market conveyor belts, ensuring product quality and compliance with regulatory standards. Cambelt International LLC, Fenner, NITTA Corporation, and Habasit AG, as well as various local players, operate in the conveyor belt market. These manufacturers distribute their products directly to the end-user or via authorized distributors. Authorized distributors facilitate the sale and distribution of conveyor belts to end users. They provide crucial market access and customer support. Installation service providers are companies that deploy conveyor belts to product-purchasing customers. These companies can include conveyor belt manufacturers or certified network partners of the manufacturing company. End users of conveyor belt systems are industries and businesses that use these systems in their daily operations to move materials or products. They include sectors such as manufacturing (automotive and electronics), mining, food and beverage, pharmaceuticals, logistics (e-commerce and warehouses), airports, recycling, and oil & gas. Each industry uses conveyor systems for specific needs such as high-speed sorting, hygienic transport, or handling heavy bulk materials. Their requirements drive demand for customized, efficient, and automated conveyor solutions, influencing design, innovation, and market growth across the value chain.
The scope of the conveyor belt market report focuses on North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Russia, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East and Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East), and South and Central America (Brazil, Argentina, and the Rest of South and Central America). In Europe, Germany held the largest conveyor belt market share in 2024. As a result of potential growth in the country's energy sector, the conveyor belt market in Germany is anticipated to witness significant development in the coming years. According to the African Development Bank Group, Germany stands out in Europe for its highly competitive manufacturing-driven economy. A strong manufacturing industry drives the demand for efficient material handling, automation, and customized solutions across diverse sectors.
As manufacturing expands, the need for advanced, cost-effective, and reliable conveyor systems to streamline production and supply chains rises. Market players in the country are focused on offering their solutions to a broader industry. Packaged fast-moving consumer goods (FMCG) need to be transported gently and efficiently to avoid any product damage. In November 2024, Bosch Rexroth expanded its VarioFlow conveyor system to include the new VarioFlow belt conveyor variant, which features a fine-meshed belt surface. The VarioFlow belt conveyor is a self-contained conveyor system for flexible FMCG products, sensitive products, etc. The modular belt features a finely meshed, nearly closed, and flat surface, making it appropriate for mass transportation of unstable or bulk film-packed products, such as small sealed-edge bags. In addition to Germany, the UK, France, and Italy are at the forefront of the conveyor belt market in Europe. In the UK, manufacturers are focused on achieving recognized certifications, especially in health and safety, which impacts a company's reputation, credibility, and competitive edge. In March 2025, the Conveyor Belt Company (Scotland) announced that it had achieved the Alcumus Safe Contractor Gold Standard Certification. This recognition reflects the company’s dedication to the health and safety of the workforce and the quality of service they provide to their clients. As the demand for conveyor belts surges in manufacturing, warehousing, and logistics, clients in these sectors are seeking partners that can offer reliable products and a demonstrated commitment to safety and operational excellence. The UK conveyor belt market’s trajectory is driven by growth in manufacturing, logistics, and e-commerce, where efficient material handling solutions are essential.
In Asia Pacific, China registered the highest CAGR in the conveyor belt market during the analyzed timeframe. As China continues to emphasize automation and high-quality production, the demand for conveyor belts is surging, which is driving market growth. The presence of key players such as Vitrans, SKE Industries, JZ Creation, Haomai, Binda, Zhenying, Jumei, and Tianjin Hengyuan drives the China conveyor belt market growth. The construction industry in China heavily relies on the efficient movement of materials such as cement. Cement conveyor belts handle the bulk transportation of cement, a critical component in concrete manufacturing. These belts withstand the abrasive nature of cement and demonstrate the progress of material handling technology. Efficiency is another benefit of cement conveyor belts. They can move enormous amounts of cement swiftly, which is critical in large-scale construction projects.
Habasit AG; Forbo Holding AG; Semperit AG Holding; Ashworth Bros., Inc.; Fenner Dunlop; MacAljon, Inc.; Dorner Mfg. Corp.; Cambelt International LLC; BEUMER Group; and NITTA Corporation. are key players profiled in the conveyor belt market report. Other major players were also studied and analyzed in the report to get a holistic view of the market and its ecosystem. The conveyor belt market forecast can help stakeholders plan their growth strategies. The market analysis provides detailed market insights, which help the key players strategize their growth.
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