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Conveyor Belt Market Share

Report ID: GMI3267
Published Date: May 2024
Report Format: PDF

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Conveyor Belt Market Share

Conveyor Belt Market Company Share Analysis, 2023

The prominent players such as Bridgestone Corporation, ContiTech AG, Intralox, L.L.C., Fenner Dunlop, Sumitomo Rubber Industries together hold 40 – 44% Market share in the global market in 2023. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to consolidate their market position and meet the growing consumer demand.

Conveyor Belt Market Companies

Major players operating in the market include:

All-State Belting, LLC
Ammega Italia Spa
Ammeraal Beltech
Bando Chemical Industries, Ltd.
Bridgestone Corporation
Bridgestone Corporation
Continental Belting Private Limited
ContiTech AG
ContiTech AG
Elastomerik Belts Private Limited
Fenner Dunlop
Fenner Group Holdings Ltd
Forbo Holding Ltd.
Intralox, L.L.C.
Intralox, L.L.C.
MRF Limited
Nitta Corporation
S.I.G. Societa Italiana Gomma S.p.A.
Sempertrans Conveyor Belt Solutions GmbH
Siban Peosa SA
SumitomoRubber Industries
The Yokohama Rubber Co., Ltd.
Yokohama Rubber Co.,Ltd.
Zhejiang Double Arrow Rubber Co., Ltd.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for conveyor belt was USD 5.5 billion in 2023 and is expected to register 3.4% CAGR from 2024-2032 owing to the expanding mining, steel, cement, and convenience food & beverage sectors worldwide.

Conveyor belt industry from the polymer segment held 77% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to their wide range of applications in many end-user sectors as they offer exceptional tensile strength, and impact resistance.

Asia Pacific industry held 49% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the regions strong position in the mining, steel, cement, and food and beverage industries.

S.I.G. Societa Italiana Gomma S.p.A., Sempertrans Conveyor Belt Solutions GmbH, Siban Peosa SA, SumitomoRubber Industries, The Yokohama Rubber Co., Ltd., Yokohama Rubber Co.,Ltd., and Zhejiang Double Arrow Rubber Co., Ltd., are some of the major conveyor belt companies worldwide.