Rapid industrialization across developed and developing nations is estimated to expand the conveyor belts market size

Conveyor Belts Market

 Conveyor belts can be described as a system that transmits loads from one point to another in an efficient manner. These conveyors are used in all sorts of industries for transportation, material transport, material handling, and others. In recent days, these conveyors are available in different forms like roller, belt, and line conveyor Belts, etc. Roller belts consist of a large number of round cylinders arranged in a spiral way. These cylinders are powered by a wire, which is drawn along the wire tracks through rollers. Conveyor belts are the most important application of conveyor belts. The main application of belt conveyor belts is in the mining, chemical, and power generation industries.

The rise in industrial development activities around the globe is predominantly fueling the growth of conveyor belts market. Conveyor belt effectively reduces the cost, operation time, and is very crucial in the automation solutions used across a wide range of industries. Moreover, an increase in mining activities is also projected to foster the growth of the market. Increasing demand for conveyor belts from the power generation sector for handling coal and transferring it to the furnace is again projected to foster the growth of the conveyor belts. Furthermore, rapid adoption of automation across general manufacturing, supply chain, recycling, food & beverage, and others is also expected to propel the growth of the market.

North America is expected to gain significant growth over the forecast period and this is attributed to strong growth in the mining activities in the region. According to the National Mining Association, on average, every American uses around 3.4 tons of coal and nearly 40,000 pounds of newly mined materials each year. With nearly 50 percent of all U.S. electricity generated from coal and uranium and nearly every manufactured good containing some mineral component, mining has never been a more vital industry.

Key Developments:

1.  1. In December 2020, Dunlop Conveyor Belting has launched a unique app specifically designed to enable users to quickly and easily access technical guidance and calculation tools

2.   2. In April 2020, Martin Engineering launches a new conveyor belt monitoring system. The intuitive Martin N2® Position Indicator (PI) monitors primary belt cleaner blades, notifying Martin service technicians and plant operations personnel when re-tensioning or replacement is required and/or when abnormal conditions occur.

3.   3. In November 2020, Kanchan Metals (P) Ltd, has introduced a varied number of conveyor belts, especially for the Food Industry. The company has been introduced into four major categories such as snack food application conveyors, frozen food application conveyors, bakery and confectionary conveyors, and packing section conveyors.

Location: India

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