Conveyor Belt Market 2022 Emerging Players, Growth Analysis and Precise Outlook
The Global Conveyor Belt Market report focuses on a comprehensive analysis of the current and future prospects of the Conveyor Belt industry. An in-depth analysis of historical trends, future trends, SWOT analysis, demographics, industrial advances, and regulatory requirements for the Conveyor Belt market has been performed to analyze the growth rate of each segment and sub-segment. The industry’s role in the COVID-19 natural occurrence was comprehensively studied. throughout a particular amount, full risk analysis and business recommendations were created for the market. The Conveyor Belt Market is projected to succeed at a CAGR of 3.7% during 2022 – 2028.
Top Companies Covered in the Report:
Yokohama, Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG(Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Zhejiang Double Arrow, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe
Recent Developments :
YOKOHAMA announced today that it will expand the conveyor belt production capacity of its Hiratsuka Factory in Hiratsuka City, Kanagawa Prefecture. The expansion is part of the Company’s effort to strengthen its industrial products business. The expansion will be conducted in stages, with the initial stage amounting to a capital investment of about ¥1.6 billion. The expansion will focus on establishing new production lines for a diverse range of fabric belts that can be used on conveyor belts requiring abrasion resistance, heat resistance, oil resistance, flame resistance, and reduced power consumption. The Hiratsuka Factory’s current capacity will be increased by 1.3 times. Construction began this March, with production operations planned to start in October 2023.
(November 1, 2021) ― Bridgestone Corporation (Bridgestone) announced today that it will withdraw from the conveyor belt business. Bridgestone plans to reduce its production and sales volume gradually to minimize the impact on the operations of its customers and suppliers and will withdraw from the business completely by the end of 2024.
One important part of this report consists of a discussion of key vendors in the industry to forecast the global Conveyor Belt market to 2022 profile, market revenue, and financial analysis. This report will help the market players in formulating their future business strategies and discovering the global competition. A detailed segmentation analysis of the market is performed for producers, regions, types, and applications of the report.