Conveyor Belt Market Dynamics, Recent Developments, and Strategic Insights by 2031

The conveyor belt market size is expected to reach US$ 7,805.95 million by 2031 from US$ 5,480.26 million in 2024. The market is estimated to register a CAGR of 5.3% during 2025–2031. Integration of conveyor belt systems with artificial intelligence is likely to bring new trends to the market in the coming years.

Conveyor Belt Market Analysis

The conveyor belt market is growing significantly owing to the rising demand for industrial and warehouse automation in automotive, e-commerce consumer goods, mining and metals, food and beverage, recycling, agriculture, and aerospace and defense industries. Other key driving factors include increasing demand from production facilities, rising product developments, and increasing expansion of airports globally  The market possesses a dynamic competitive landscape. Continental AG, Fenner, Bando Chemical Industries, Bridgestone Corporation, and Habasit AG are key players operating in the conveyor belt market. There is intense competition between key players and other vendors operating in the market. Factors providing an additional competitive advantage in major companies include extensive distribution networks, diverse product portfolios, multi-year operational experience, constant product innovation, as well as mergers and acquisitions.

Conveyor Belt Market Overview

Mining and manufacturing industries are pushing the adoption of heavy-duty conveyor belts due to their ability to streamline material handling, reduce labor costs, and improve operational efficiency. In contrast, the food and beverage processing, packaging, and logistics industries have adopted lightweight belts globally due to their different requirements. Such dynamics have generated a distinct competitive submarket, with companies providing solutions for lightweight application industries. Several companies cater to heavy-duty applications. The fluctuating raw material prices of rubber or synthetic materials directly hamper vendors' profit margins and pricing strategies. Larger manufacturers negotiate lower prices for raw materials and manage cost variations, whereas smaller companies need to differentiate themselves through specialization and enhanced services. The competitive environment has changed due to the focus on sustainable and eco-friendly products, as manufacturers are allocating resources to creating environmentally friendly belt materials and energy-efficient designs to satisfy shifting customer demands and regulatory standards.

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Conveyor Belt Market: Strategic Insights

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Conveyor Belt Market Drivers and Opportunities

Increasing Expansion of Airports Globally

Airport infrastructure globally is expanding owing to increased air passengers and cargo activities. In March 2023, the Airports Council International (ACI Europe) announced that the passenger traffic in the European network of airports grew by more than 69% in January 2023 compared to January 2022. In March 2023, Fraport, a transport company, invested ~US$ 5.7 billion (EUR 4 billion) to expand the Frankfurt International Airport, Germany’s main airport hub. The expansion is expected to be completed by 2026. Under this expansion project, air movements are expected to increase from 80 movements an hour in 2023 to 120 by 2026. Governments are pushing their investments for the existing airports. For instance, the US Federal Aviation Administration announced funding of US$ 1 billion to improve the infrastructure of 99 airports. This funding was provided through President Biden's Bipartisan Infrastructure Law in 2023.

As airports grow, they require advanced conveyor belts for managing higher passenger volumes, ensuring smooth operations, reducing delays, and improving the overall travel experience. This expansion necessitates automated, high-capacity conveyor systems that can handle both luggage and cargo more efficiently.

Surging Automation in Warehouses

The global logistics and warehousing industries are experiencing an e-commerce surge, manufacturing boom, increased consumption, and overall industrial expansion. However, complex supply chains, inefficiencies, growing costs, and increased demand for fast delivery present challenges. The industry is looking to warehouse automation to address these difficulties and capitalize on the expansion. Embracing automation increases productivity, lowers labor expenses, decreases errors, optimizes inventory management, and ensures cost-efficiency, allowing warehouses to handle larger volumes of goods more efficiently. The rise in warehouses worldwide is due to the soaring demand from the e-commerce sector, last-mile deliveries, and changes in consumer behavior.

Warehouse automation and the surging number of warehouses increase the demand for efficient, automated material handling systems. As companies seek to streamline operations, conveyor belts play a crucial role in improving speed, accuracy, and cost-effectiveness. The rise of e-commerce drives the need for fast, reliable logistics solutions. Conveyor belts enable smoother transitions of goods within large-scale warehouses, boosting operational efficiency. In conclusion, the continued expansion of warehouse infrastructure and automation is anticipated to generate growth opportunities for the market in the future.

Conveyor Belt Market Report Segmentation Analysis

Key segments that contributed to the derivation of the conveyor belt market analysis are type, material type, and application.

• In terms of type, the market is categorized into flat belt, incline/decline belt, movable/mobile belt, cleated belt, modular belt, roller bed, and others. The flat belt segment dominated the market in 2024.
• By material type, the market is categorized into metal, polymer, rubber, resin, and others. The rubber segment dominated the market in 2024.
• Based on application, the market is divided into lightweight, medium-weight, and heavy-weight applications. The medium-weight segment dominated the market in 2024.
• Per industry, the market is categorized into mining and metals, automotive, general manufacturing, food and beverage, power generation, recycling, oil and gas, agriculture, aerospace & defense, and others. The general manufacturing segment dominated the market in 2024.

Conveyor Belt Market Share Analysis by Geography

The conveyor belt market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM). Asia Pacific dominated the market in 2024, followed by North America and Europe.

The conveyor belt market in Europe is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. The region is experiencing growing demand for advanced manufacturing capabilities and the need for greater operational efficiency. The pharmaceuticals, automotive, food and beverage, and electronics industries are adopting conveying systems to enhance production processes and optimize resource management. The push for smart manufacturing and Industry 4.0 is leading manufacturers to implement more sophisticated, data-driven solutions for real-time monitoring, predictive maintenance, and quality management. Smart manufacturing and Industry 4.0 are driving demand for conveyor belts by integrating IoT, AI, and automation to enable real-time monitoring and adaptive control. This integration boosts efficiency, reduces downtime, and streamlines material flow in factories. As a result, industries are adopting advanced conveyor systems to support high-speed production. For instance:

• In November 2024, Montech Conveyors Corp. announced its new line of SOLTB belt conveyors, aiming to optimize processes for packaging materials and energy converters such as fuel, battery, and solar cells.
• In March 2023, YOKOHAMA announced that it had launched the Hamaheat Super 80, a high-temperature heat-resistant conveyor belt from its Hamaheat series. The Hamaheat Super 80 is a middle-grade product based on the Hamaheat Super 100, a high-grade product in the Hamaheat series that has gained traction for its high-temperature heat resistance and was developed with the aim of providing a product that offers superior cost performance by optimizing performance to suit operating conditions.

Conveyor Belt Market Regional Insights

The regional trends and factors influencing the Conveyor Belt Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Conveyor Belt Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Conveyor Belt Market Report Scope

Conveyor Belt Market Players Density: Understanding Its Impact on Business Dynamics

The Conveyor Belt Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Conveyor Belt Market are:

1. Habasit AG
2. Forbo Holding AG
3. Semperit AG Holding
4. Ashworth Bros., Inc.
5. Fenner Dunlop
6. MacAljon, Inc.

Disclaimer: The companies listed above are not ranked in any particular order.

Conveyor Belt Market News and Recent Developments

The conveyor belt market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Key developments in the conveyor belt market are:

• BEUMER Group extended its presence in South America with the integration of the former FAM operations in Brazil, Peru and Chile. The move follows the acquisition of FAM Minerals & Mining GmbH in 2022. Now known as BEUMER Group South America, the former FAM operations have become an integral part of the BEUMER family and will offer customers access to the full range of BEUMER automated material handling solutions and services. This milestone demonstrates BEUMER Group's long-term commitment to customers throughout South America and represents a significant investment in the region. (Source: BEUMER Group, Press Release, June 2024)
• Forbo Movement Systems is launching a new belt. It is ideal for narrow applications and conveying unpackaged food like chocolate bars or snacks. The new Transilon E 2/1 U0/U8 LG blue FDA (art. no. 904718) was originally developed for a renowned OEM of tubular bag packaging machines and now makes knife-edge applications for mini conveyors possible. The advantage of a conveyor belt with a knife edge is the very narrow gap during belt transfer between two conveyors. Therefore, even very small products are transferred very gently. (Source: Forbo Movement Systems, Press Release, February 2025)

Conveyor Belt Market Report Coverage and Deliverables

The "Conveyor Belt Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

• Conveyor belt market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Conveyor belt market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Conveyor belt market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the conveyor belt market
• Detailed company profiles