Light Industrial Conveyor Belts Market Size, Share, Growth, Trends, and Forecast 2030

Light Industrial Conveyor Belts Market

Light Industrial Conveyor Belts Market By Belt Type (Flat Belt, Modular Belt, Roller Belt, and Inclined/Declined Belt), By Belt Material (Rubber, PVC (Polyvinyl Chloride), PU (Polyurethane), and Other Specialized Belt materials), End-Use Industry (Automotive, Electronic, Pharmaceutical, Textile, Chemical, and Other End-Use Industries) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030

Category: Heavy Industry Report Format : PDF Pages: 206 Report Code: ZMR-7522 Published Date: Sep-2023 Status : Published
Market Size in 2022 Market Forecast in 2030 CAGR (in %) Base Year
USD 1965 million USD 5725 million 14.30% 2022

Light Industrial Conveyor Belts Market

Light Industrial Conveyor Belts Industry Prospective:

The global light industrial conveyor belts market size was worth around USD 10.38 billion in 2022 and is predicted to grow to around USD 13.77 billion by 2030 with a compound annual growth rate (CAGR) of roughly 3.91% between 2023 and 2030.

Global Light Industrial Conveyor Belts MarketRequest Free Sample

Light Industrial Conveyor Belts Market: Overview

Light industrial conveyor belts are essential components within the manufacturing, food processing, warehousing, and packaging industries, facilitating the seamless movement of materials, products, and components. Constructed from materials like rubber, PVC, and polyurethane, they come in various types, including flat, modular, and roller conveyors, serving diverse applications like assembly lines, material handling, and distribution systems. Their role in enhancing efficiency, automation, and streamlined processes underscores their significance in optimizing production and logistics operations.

Key Insights

  • As per the analysis shared by our research analyst, the global light industrial conveyor belts industry is estimated to grow annually at a CAGR of around 3.91% over the forecast period (2023-2030).
  • In terms of revenue, the global light industrial conveyor belts market size was valued at around USD 10.38 billion in 2022 and is projected to reach USD 13.77 billion, by 2030.
  • The global light industrial conveyor belt market is projected to grow at a significant rate due to the growing demand for streamlined belt material handling systems.
  • Based on belt type segmentation, the flat belt was predicted to hold maximum market share in the year 2022.
  • Based on belt material segmentation, rubber was the leading revenue generator in 2022.
  • On the basis of region, Asia Pacific was the largest revenue generator in 2022.

Global Light Industrial Conveyor Belts MarketRequest Free Sample

Light Industrial Conveyor Belts Market: Growth Drivers

Growing demand for streamlined belt material handling systems to drive market growth during the forecast period.

In today's fast-paced industrial landscape, the need for streamlined belt material handling processes has become paramount. This requirement arises from the pursuit of heightened operational efficiency and reduced costs across manufacturing, distribution, and logistics sectors. Traditional manual handling methods are prone to delays, errors, and inefficiencies, which can lead to production bottlenecks and increased expenses. Streamlined belt material handling, facilitated by technologies like light industrial conveyor belts, optimizes the movement of goods by minimizing manual interventions and enhancing the seamless flow of items. These conveyor systems automate the transfer of belt materials, components, and products, accelerating processes, lowering the risk of errors, and enabling businesses to meet the demands of competitive markets with agility and precision. Owing to this demand spurred for a streamlined belt material handling system, the growth of the global light industrial conveyor belts market is projected to spur during the forecast period.

Light Industrial Conveyor Belts Market: Restraints

High initial capital investment and maintenance cost is the biggest hurdle to the market expansion

A key growth restriction in the light industrial conveyor belts market is the substantial initial capital investment required for their implementation. While these conveyor systems yield long-term advantages in terms of streamlined operations, enhanced efficiency, and reduced labor costs, the upfront expenses can be daunting for businesses, particularly smaller enterprises with limited financial resources. The acquisition cost encompasses not only the conveyor equipment itself but also installation, integration with existing systems, and potential modifications to facility layouts. As a result, the perceived high entry barrier might dissuade some companies from embracing this technology, impeding market growth, especially within budget-constrained sectors.

Moreover, the investment challenge is amplified by the need for customization and maintenance. Each industry has distinct requirements that necessitate tailored conveyor solutions, leading to potentially higher costs and longer lead times. As industries evolve, seeking to optimize their processes and remain competitive, the tension between the cost of implementation and the long-term benefit of operational efficiency becomes a critical factor influencing adoption decisions. Addressing this challenge may involve strategies such as offering flexible financing options, emphasizing long-term cost savings, and providing comprehensive consulting services to showcase the value proposition of light industrial conveyor belts in enhancing overall business performance.

Light Industrial Conveyor Belts Market: Opportunities

Increasing integration of automation and Industry 4.0 technologies across industries to provide growth opportunities

As industries undergo transformative shifts toward enhanced operational efficiency and data-driven decision-making, conveyor systems are positioned as essential components in achieving these goals. By incorporating advanced sensors, Internet of Things (IoT) devices, and real-time connectivity, conveyor belts can be optimized for intelligent belt material handling within the context of smart factory environments.

Conveyor systems equipped with Industry 4.0 capabilities enable real-time monitoring, data collection, and analysis of belt material movement. This integration empowers businesses to implement predictive maintenance strategies, identify operational inefficiencies, and enhance overall production processes. The data-driven insights garnered from smart conveyor belts facilitate informed decision-making, reduce downtime through proactive maintenance, and contribute to resource optimization. As industries increasingly adopt automation and digital transformation, the demand for these technologically advanced conveyor systems is poised to grow, making them a pivotal driver in shaping the future of efficient and interconnected manufacturing processes.

Light Industrial Conveyor Belts Market: Challenges

Competition from alternative solutions to challenge market cap growth

Robotic solutions, for instance, provide the versatility to handle a wide array of tasks with dynamic programming and can be reconfigured for different production needs. Autonomous vehicles and drones offer mobility across varied terrains, making them particularly valuable in environments where conveyor belts are impractical. Additionally, these alternatives can be integrated into existing systems with relative ease, which can be an attractive proposition for businesses looking for agile automation solutions. To address this challenge, the light industrial conveyor belts industry must focus on demonstrating their own advantages and adaptability. Manufacturers need to emphasize the efficiency, reliability, and established track record of conveyor systems in belt material handling, showcasing their capacity to handle a variety of loads and applications. By highlighting how conveyor belts excel in repetitive tasks, large-scale belt material transport, and structured workflows, the market can underscore their significance in achieving consistent and standardized operations. Furthermore, offering hybrid solutions that integrate conveyor systems with robotic or autonomous components can capitalize on the strengths of both technologies, providing a comprehensive solution that addresses the evolving needs of industries seeking efficient belt material handling methods.

Light Industrial Conveyor Belts Market: Segmentation

The global light industrial conveyor belt market is segmented based on belt type, belt material, end-use industry, and region.

Based on belt type, the global market segments are flat belt, modular belt, roller belt, and inclined/declined belt. At present, the global market is led flat belt by segment. Flat belt conveyors have taken the lead among belt types due to their versatile design and widespread applicability across industries. Their simple yet effective structure accommodates various belt materials, making them a preferred choice for efficient belt material transport in manufacturing, logistics, and other sectors, while their ease of integration and maintenance further solidify their position as market leaders.

Based on belt material the global light industrial conveyor belts industry is categorized into rubber, PVC (polyvinyl chloride), PU (polyurethane), and other specialized belt materials. In 2022, rubber was the largest shareholding segment in the global market. Rubber conveyor belts have held a prominent position as leaders in the global light industrial conveyor belts market. Their longstanding dominance can be attributed to their robustness, adaptability to different applications, and proven track record of performance across industries. Renowned for their durability, flexibility, and resistance to wear, rubber conveyor belts have effectively met the diverse material handling needs of sectors such as manufacturing, mining, and agriculture, making them a preferred choice for reliable and efficient conveyance solutions.

Based on end-use industry, the global light industrial conveyor belts market is categorized as automotive, electronics, pharmaceuticals, textiles, chemical, and other end-use industries. Out of these, electronics was the largest shareholding segment in the global market. This is primarily due to the industry's intricate manufacturing processes, rapid technological advancements, and the imperative for efficient material handling to meet the demands of precision assembly, testing, and packaging of electronic components and devices.

Light Industrial Conveyor Belts Market: Report Scope

Report Attributes Report Details
Report Name Light Industrial Conveyor Belts Market
Market Size in 2022 USD 10.38 Billion
Market Forecast in 2030 USD 13.77 Billion
Growth Rate CAGR of 3.91%
Number of Pages 206
Key Companies Covered Habasit AG, Intralox LLC, Ammeraal Beltech, Forbo Movement Systems, Fenner Dunlop, Continental AG, Bridgestone Corporation, Bando Chemical Industries Ltd., Yokohama Rubber Co. Ltd., ContiTech AG, and others.
Segments Covered By Belt Type, By Belt Material, By End Use Industry, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Light Industrial Conveyor Belts Market: Regional Analysis

Asia Pacific to lead the market during the forecast period

The Asia-Pacific region has implicit a prominent position in spearheading the sales and adoption of light industrial conveyor belts. This dominance of the region in the global light industrial conveyor belts market can be attributed to several key factors such as the rapid boom in food & beverage, automobile, and manufacturing sectors. China, with its extensive manufacturing base, has played a pivotal role, showcasing a consistent demand for conveyor systems to facilitate efficient material movement across industries. In fact, China is studied to be the biggest conveyor belt market. China’s F&B industry touched around USD 900 billion in 2022. Also, it is the largest manufacturer of toys, electronic parts, and electric vehicles. Furthermore, Japan and South Korea have contributed significantly due to their advanced technological landscapes and a focus on automation to enhance manufacturing processes. The robust growth in the Asia-Pacific market is underpinned by the region's industrialization drive, rapid urbanization, and increasing labor costs that incentivize businesses to invest in automation for improved productivity. As these countries continue to prioritize technological innovation and infrastructure development, the demand for conveyor systems to streamline material handling processes and support manufacturing growth is expected to persist.

Light Industrial Conveyor Belts Market: Recent Developments

  • In March 2023, Intralox, LLC announced plans to invest USD 100 million in a new manufacturing facility in China. The facility is expected to create 500 new jobs.
  • In February 2023, Habasit AG partnered with Emerson Process Management to develop a new conveyor belt solution for the food and beverage industry. The solution is said to be more hygienic and efficient than traditional conveyor belts.
  • In January 2023, Intralox, LLC partnered with Amazon Robotics to develop a new conveyor belt system for the company's fulfillment centers. The system is said to be more efficient and accurate than traditional conveyor belt systems.
  • In January 2023, Ammeraal Beltech partnered with Siemens to develop a new conveyor belt system for the automotive industry. The system is said to be more energy-efficient and sustainable than traditional conveyor belt systems.

Light Industrial Conveyor Belts Market: Competitive Analysis

The global light industrial conveyor belts market is dominated by players like:

  • Habasit AG
  • Intralox, LLC
  • Ammeraal Beltech
  • Forbo Movement Systems
  • Fenner Dunlop
  • Continental AG
  • Bridgestone Corporation
  • Bando Chemical Industries, Ltd.
  • Yokohama Rubber Co., Ltd.
  • ContiTech AG

The global light industrial conveyor belts market is segmented as follows:

By Belt Type

  • Flat Belt
  • Modular Belt
  • Roller Belt
  • Inclined/Declined Belt

By Belt Material

  • Rubber
  • PVC (Polyvinyl Chloride)
  • PU (Polyurethane)
  • Other Specialized Belt materials

By End Use Industry

  • Automotive
  • Electronic
  • Pharmaceutical
  • Textile
  • Chemical
  • Other end use industries

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Light industrial conveyor belts are essential components within manufacturing, food processing, warehousing, and packaging industries, facilitating the seamless movement of materials, products, and components. Constructed from materials like rubber, PVC, and polyurethane.

The global light industrial conveyor belts market cap may grow owing to the growing demand for streamlined belt material handling systems. Weighty growth opportunities can be expected due to the increasing integration of automation and Industry 4.0 technologies across industries.

According to study, the global light industrial conveyor belts market size was worth around USD 10.38 billion in 2022 and is predicted to grow to around USD 13.77 billion by 2030.

The CAGR value of the light industrial conveyor belts market is expected to be around 3.91% during 2023-2030.

The global light industrial conveyor belts market growth is expected to be driven by Asia Pacific. It is currently the world’s highest revenue-generating market owing to a rapid boom in the food & beverage, automobile, and manufacturing sectors.

The global light industrial conveyor belts market is led by players like Habasit AG, Intralox, LLC, Ammeraal Beltech, Forbo Movement Systems, Fenner Dunlop, Continental AG, Bridgestone Corporation, Bando Chemical Industries, Ltd., Yokohama Rubber Co., Ltd., and ContiTech AG

The light industrial conveyor belts market report analyzes the global light industrial conveyor belts market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the light industrial conveyor belts industry.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed