MRO Magazine

Global Conveyor Belt Market 2016-2020 – Rising Need to Refurbish Existing Plants – Research and Markets

June 17, 2016
By Business Wire News


Research and Markets has announced the addition of the “Global Conveyor Belt Market 2016-2020” report to their offering.

The global conveyor belt market is forecast to grow at a CAGR of 3.71% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, a key growth driver is the rising demand for emerging economies. Another major driver of the global conveyor belt market is the increase in demand from growing economies of developing regions. Many international corporations from developed countries have set up production facilities in APAC, especially in countries such as India and China, because of the availability of cheaper factors of production such as labor, raw material, and equipment. The spurt in the growth of manufacturing activities has enhanced the adoption of conveyor systems in this region. Moreover, higher spending power, improved standard of living, and higher GDP are increasing the demand for manufactured goods, which in turn is leading to the growing adoption of these automated systems.

Further, the report states that one challenge that could restrict market growth is the need for continuous support and maintenance for effective performance of conveyor equipment.

Key vendors:

  • Bando Chemical Industries
  • Bridgestone
  • ContiTech
  • Fenner
  • Yokohama

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market opportunity assessment

PART 07: Market segmentation by product type

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

For more information visit

Research and Markets
Laura Wood, Senior Manager
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Sector: Conveyors