PUBLISHER: Market Research Future | PRODUCT CODE: 1665908
PUBLISHER: Market Research Future | PRODUCT CODE: 1665908
Global Lightweight Conveyor Belting Market Research Report Information by Material (Polyvinyl Chloride (PVC), Polyurethane (PU), Thermoplastic Polyolefins (TPO), Silicone, Rubber, Polyester, And Others), by Product Type (Flat Belts, Modular Belts, Cleated Belts, Specialty Belts, Others), by Thickness (Light Duty (Less Than 2mm), Medium Duty (2mm - 4mm), Heavy Duty (Above 4mm)), by Application (Logistics, Automotive, Tire, Meat, Poultry, Fish, Bakery & Confectionary, Textile, Wood, Beverages, Corrugated, Tobacco, Fitness, Fruits & Vegetables, Packaging, Hygiene, Airports, Metal, Ceramics & Marble, And Others), and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) Market Forecast Till 2032
In 2023, the market for lightweight conveyor belting was estimated to be worth USD 5,090.3 million. According to projections, the global lightweight conveyor belting market will expand at a compound annual growth rate (CAGR) of 6.38% from 2024 to 2032, from USD 5,415.1 million to USD 8,881.5 million.
The market for lightweight conveyor belting is being driven by rising demands for material handling efficiency, increased automation in manufacturing and logistics, and rising demand for lightweight conveyor belting in emerging markets.
The market for lightweight conveyor belting is mostly driven by the rising need for efficient material handling. By enabling the flexible and seamless transportation of products in a variety of industrial settings, lightweight conveyor belts are intended to improve operational efficiency. Their design reduces operating bottlenecks and increases throughput by optimizing the handling process. In fast-paced settings like manufacturing and distribution facilities, where precise and timely handling of commodities is crucial to sustaining output, this efficiency is crucial.
Perspectives on Market Segments
The market is divided into several material segments, including silicone, rubber, polyester, thermoplastic polyolefins (TPO), polyvinyl chloride (PVC), and polyurethane (PU).
The market is divided into many product categories, such as flat belts, modular belts, cleated belts, specialized belts, and others.
The market is divided into three segments based on thickness: light duty (less than 2mm), medium duty (2mm to 4mm), and heavy duty (more than 4mm).
Logistics, Automotive, Tire, Meat, Poultry, Fish, Bakery & Confectionary, Textile, Wood, Beverages, Corrugated, Tobacco, Fitness, Fruits & Vegetables, Packaging, Hygiene, Airports, Metal, Ceramics & Marble, and Others are the application segments of the lightweight conveyor belting market size.
Regional Perspectives
The market for lightweight conveyor belting in North America held the highest share in 2023 and is anticipated to increase at a substantial compound annual growth rate (CAGR) throughout the course of the study. driven by rising demand in sectors including packaging, shipping, food processing, and the automobile industry. These belts, which are composed of PVC, polyurethane, and thermoplastics, have advantages including flexibility, toughness, and abrasion and chemical resistance.
Furthermore, in the market for lightweight conveyor belting, Europe is the second-largest area. Demand is being increased by important industries including food processing, pharmaceuticals, and e-commerce because of their strict hygienic regulations and demanding material handling needs. Operational efficiency is being improved by technological developments, such as modular and specially designed belts. Innovation is sparked by environmental rules that encourage the use of eco-friendly materials.
Furthermore, the market for lightweight conveyor belting in Asia Pacific has expanded dramatically in recent years. driven by the quickening pace of modernization and the growth of industries like e-commerce, logistics, and food processing. Favored for their effectiveness, affordability, and adaptability, lightweight belts are being used more and more in a variety of settings, such as material handling, manufacturing, and packaging.
Ammeraal, Rexnord Corporation, Forbo Holding Ag, Regina, Nybelt, Habasit, AA Industrial Belting (Shanghai) Co., Ltd, Yongli Belting Group, Hongsbelt, and Intralox are important players in the lightweight conveyor belting market.