Light Industrial Conveyor Belts Market Size, Share, Growth, And Industry Analysis by Type (Coating Process, Calendering Process) by Application (Food Industry, Logistics Industry, Printing and Packaging, Textile Industry & Others) and Regional Insights and Forecast To 2031

Updated On: 08 April 2024

light industrial conveyor belts market Report Overview

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The global light industrial conveyor belts market size was USD 2369.2 million in 2022 and is expected to reach USD 2929.2 million by 2028, at CAGR of 3.6% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over.

Light industrial conveyor belts are highly versatile, designed as a network of rotating components that transport materials, products, or packages from one point to another within a manufacturing or distribution facility. They come in various materials and configurations, including flat belts, modular belts, and wire mesh belts, to suit specific industry needs. These conveyor belts facilitate the automated movement of items, enhancing efficiency and reducing manual labor in tasks such as assembly, packaging, and sorting. They are also crucial in food processing, where hygiene and precision are essential, and in the automotive sector for assembly line operations.

The industry is experiencing consistent growth due to several key factors. First and foremost, the drive for increased operational efficiency and cost savings in manufacturing and logistics has led to a rising demand for these conveyor systems. They help in automating processes, reducing labor costs, and minimizing errors. Furthermore, as industries evolve towards leaner and more streamlined operations, conveyor belts offer a competitive advantage by ensuring faster and more precise material handling. Additionally, industries like e-commerce have seen explosive growth, driving the need for efficient conveyor systems to handle the escalating volume of packages. These factors collectively contribute to the expansion of the light industrial conveyor belts market.

COVID-19 Impact: Market Disruptions Due To Lockdowns Labor Shortages hindered the Market Growth

The COVID-19 pandemic had a notable impact on the market. Initially, the market experienced disruptions due to lockdowns, labor shortages, and supply chain interruptions, causing delays in production and installations. Many industries scaled back their operations, leading to a temporary decrease in demand for conveyor systems. However, as the pandemic continued, there was a shift in focus towards safety and hygiene, prompting increased adoption of conveyors in various sectors to minimize human contact with products and materials. E-commerce and the need for social distancing measures further fueled demand. The market responded by developing conveyor systems with enhanced sanitation features. Despite the initial setbacks, the pandemic accelerated the adoption of conveyor technology in various industries, making it an essential component of the "new normal”. 

Latest Trends

"Increasing Integration Of Automation And Digital Technologies Notable Trend In The Market"

One notable trend in the market is the increasing integration of automation and digital technologies. Conveyor systems are becoming smarter, with the incorporation of IoT (Internet of Things) sensors, data analytics, and connectivity solutions. This enables real-time monitoring, predictive maintenance, and better control over material handling processes. New product launches in this space include conveyor systems equipped with AI-driven algorithms that optimize routing, detect faults, and adjust speed based on production demands. Leading players like FlexLink, Habasit, and Intralox are actively investing in research and development to introduce innovative, energy-efficient conveyor solutions with enhanced sustainability features. They are also expanding their global presence and offering customized conveyor solutions to cater to the evolving needs of various industries.

light industrial conveyor belts market SEGMENTATION

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• By type

Depending on the market given are types: coating process, calendaring process.

The Coating Process type will capture the maximum market share through 2028.

• By Application

The market is divided into food industry, logistics industry, printing and packaging, textile industry & others based on application.

The market players in cover segment like Food Industry will dominate the market share during 2022-2028.

Driving Factors

"Increasing Emphasis on Cost Efficiency to drive the Market Growth"

A key driving factor behind the light industrial conveyor belts market growth is the increasing emphasis on cost efficiency and productivity in manufacturing and distribution processes. Companies are constantly seeking ways to reduce operational expenses while maintaining or enhancing production output. Conveyor systems play a pivotal role in achieving this objective by automating material handling, reducing manual labor, and streamlining workflows. This not only cuts labor costs but also minimizes errors and improves the consistency and speed of processes. With competitive pressures and the need for leaner operations, businesses across various industries are increasingly adopting conveyor belts to drive efficiency and maintain a competitive edge, contributing significantly to market growth.

"Increasing Focus On Sustainability And Environmental Responsibility to Fuel Market Growth"

Another significant driving factor for the market is the increasing focus on sustainability and environmental responsibility. As businesses and industries strive to reduce their carbon footprint and resource consumption, conveyor systems are being designed with eco-friendly materials and energy-efficient technologies. The implementation of energy-efficient motors, smart conveyor routing, and sustainable materials in conveyor belt manufacturing not only lowers operational costs but also aligns with corporate sustainability goals. Moreover, governments and regulatory bodies are encouraging environmentally friendly practices, further incentivizing industries to adopt conveyor solutions that minimize energy consumption and waste. This emphasis on sustainability is propelling the market forward as more organizations seek eco-conscious material handling options.

Restraining Factor

"Initial High Cost of Acquisition And Installation to Hamper the Market Growth"

One restraining factor impacting the sector is the initial high cost of acquisition and installation. Implementing conveyor systems can be a substantial upfront investment, which may deter smaller businesses or those with limited budgets. Additionally, retrofitting existing facilities with conveyor technology can be complex and costly. The need for customization to suit specific industry requirements further increases expenses. However, over the long term, the cost savings from reduced labor and increased efficiency often outweigh the initial investment. Market players are actively addressing this challenge by offering flexible financing options and cost-effective modular conveyor solutions, but the high initial cost remains a significant restraint for some potential adopters.

light industrial conveyor belts market Regional Insights

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"North America Poised to dominate the Market Due To Its Established Industrial Base "

North America stands out as the leading region in the market. Known for its robust manufacturing and e-commerce sectors, the region has a strong demand for efficient material handling solutions. North American industries, particularly in the United States, have been early adopters of conveyor systems to optimize production processes, enhance operational efficiency, and ensure timely delivery of goods. Moreover, the focus on automation, IoT integration, and sustainability aligns with global trends, further driving the light industrial conveyor belts market share. With an established industrial base and a continuous drive for innovation, North America is poised to maintain its prominent position in the conveyor belts market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Forbo-Siegling (Germany)
• Habasit (Switzerland)
• Intralox (U.S.)
• Shanghai YongLi Belting Co., Ltd (China)
• Continental AG (Germany)
• CHIORINO (Italy)
• Bando (Japan)
• Nitta (Japan)
• Esbelt (Spain)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.