Conveyor Belt Market Industry Forecast Report To 2026
Category: #business  By Rahul Varpe  Date: 2021-06-11
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Conveyor Belt Market Industry Forecast Report To 2026

The latest trends in the conveyor belt industry are driven by numerous collaborative strategies by key market players for the enhancement of product penetration. In a similar context, Continental Conveyor Belt and ERIKS North America entered into a partnership in December 2020 for the provision of conveyor belting services, products, and technology to industrial clients in the region of Missouri, Kansas, and most of the southern and central Illinois.

According to Scott Holquist, the Vice President of Conveying Systems Products, ERIKS North America, Continental Conveyor belt enjoys a global reputation for assisting companies in the maximization of their material-handling capabilities and efficiency with innovative conveyor-belt monitoring, engineering, and cleaning solutions.

The company stands as an ideal complement to ERIKS’s heavy-duty conveyor belt products, which have a proven track record for the production of documented time and cost savings for its clientele, added the Vice President.

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Such strategic moves are poised to foster the expansion of the conveyor belt industry, positively influencing revenue augmentation through the anticipated span. The global conveyor belt market share is estimated to surpass USD 5 billion by 2026.

Prominent conveyor belt manufacturers comprise Nitta Corporation, Sempertrans, Bando Chemicals, Bridgestone Corporation, ContiTech AG, Zhejiang Double Arrow Rubber, Fenner DunlopForbo, The Yokohama Rubber, and others.

Few pivotal trends propelling global conveyor industry growth include:

Increasing demand for conveyor belts in aviation

An escalation in the export and import activities at the global level is touted to increase freight handling at ports, in turn promoting the growth of the conveyor belt market through the ensuing years. In the sector of aviation, conveyor systems are extensively utilized in aircraft loading & unloading systems, baggage handling, and screening & detection systems.

Additionally, the consistent increase in the number of passengers in the aviation sector is set to depict promising future prospects, stimulating revenue expansion through the projected period.

Surging application of conveyor belts in the food processing and packaging industry

Different types of conveyor belts are utilized across numerous food processing and packaging applications comprising dairy, snacks, confectionery, fruit & vegetables, and bakery. Approved by the FDA, these belts deliver excellent resistance against oils, chemical agents, and fats, in turn providing safety to various food items.

Conveyor systems are also deployed in the transportation of numerous food & beverage products from one workstation to another in an efficient manner without the degradation of their quality.

Browse the complete table of content (TOC) of this report @ https://www.decresearch.com/toc/detail/conveyor-belt-market

Rising usage of conveyor belts in power generation

The power generation segment in the conveyor belt market is expected to account for a commendable share of 11 per cent through the anticipated period.

This growth is attributed to the escalating demand for electricity at the global level, which is slated to drive segment growth through the estimated period. Meanwhile, the transportation of coal to and from storage sites is one of the major uses of conveyor belts in the sector of power generation.

On the whole, an upsurge in the demand from the general manufacturing sector is touted to augment conveyor belt market share, stimulating industry expansion over the forthcoming years.

Related Reports:

Doors Market: https://www.marketwatch.com/press-release/global-doors-market-size-global-statistics-report-to-2027-2021-06-11

Air Duct Market: https://www.marketwatch.com/press-release/global-air-duct-market-to-grow-at-31-cagr-till-2025-2021-06-11

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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