What is Global Light Conveyor Belt Market?
The Global Light Conveyor Belt Market is a vast and dynamic sector that plays a crucial role in various industries. It refers to the global market of conveyor belts that are lighter in weight and are used for conveying small and medium-sized goods. These belts are typically used in industries such as food, transport and logistics, printing and packaging, textile, agriculture, among others. The light conveyor belts are designed to meet specific industry needs, offering high performance, efficiency, and safety. They are made from a variety of materials, including PVC, PU, PE, silicone, and others, depending on the application. The global market for light conveyor belts is driven by factors such as the growing industrialization, technological advancements, and the increasing demand for automation in various industries. However, the market also faces challenges such as the high cost of maintenance and the need for regular replacement due to wear and tear. Despite these challenges, the market continues to grow, offering numerous opportunities for manufacturers and suppliers.
Coating Process, Calendering Process in the Global Light Conveyor Belt Market:
The manufacturing of light conveyor belts involves two main processes - coating and calendering. The coating process involves applying a layer of material on the surface of the belt to enhance its properties such as resistance to wear and tear, heat, and chemicals. This process is crucial in ensuring the durability and longevity of the belt. On the other hand, the calendering process involves passing the belt material through a series of rollers to achieve a smooth and uniform thickness. This process is essential in ensuring the quality and performance of the belt. Both these processes play a significant role in determining the overall quality and efficiency of the light conveyor belt. However, the choice of process depends on the specific requirements of the industry and the type of material used for the belt.
Food, Transport and Logistics Industry, Printing and Packaging Industry, Textile Industry, Agriculture, Others in the Global Light Conveyor Belt Market:
The Global Light Conveyor Belt Market finds extensive usage in various sectors. In the food industry, these belts are used for conveying food items such as fruits, vegetables, bakery products, meat, and others. They are designed to meet the stringent hygiene standards of the food industry. In the transport and logistics industry, light conveyor belts are used for sorting, loading, and unloading goods. They help in improving efficiency and reducing manual labor. In the printing and packaging industry, these belts are used for transporting printed materials and packaged goods. They ensure smooth and efficient operation, reducing the chances of damage. In the textile industry, light conveyor belts are used for transporting raw materials and finished products. They help in maintaining the quality of the textiles and reducing wastage. In the agriculture sector, these belts are used for transporting agricultural produce and materials. They help in improving productivity and reducing labor costs. Other industries that use light conveyor belts include electronics, pharmaceuticals, and others.
Global Light Conveyor Belt Market Outlook:
The Global Light Conveyor Belt Market is showing a promising growth trend. In 2022, the market was valued at US$ 3950.7 million and it is expected to reach US$ 5204.2 million by 2029. This indicates a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period of 2023-2029. The market is dominated by the top 3 players who hold about 35% of the global shares. The calendering process is the most commonly used method for manufacturing light conveyor belts, accounting for about 90% of the market. The food industry is the largest consumer of light conveyor belts, holding about 30% of the market share. These figures reflect the growing demand for light conveyor belts in various industries and the potential for growth in the coming years.
| Report Metric | Details |
| Report Name | Light Conveyor Belt Market |
| Accounted market size in 2022 | US$ 3950.7 in million |
| Forecasted market size in 2029 | US$ 5204.2 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Partners Group (including Ammeraal Beltech and Megadyne Group), Habasit, Forbo-Siegling, Intralox, YongLi, Continental AG, CHIORINO, Bando, Wuxi Shun Sheng, Esbelt, Nitta, Derco, Volta Belting, Sparks, LIAN DA, Beltar, Jiangyin TianGuang |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
