According to the latest report by Reports and Data, the global Heavy Duty Conveyor Belts Market size was USD 3.40 billion in 2021, and it is expected to register a revenue CAGR of 4% over the forecast period. The market expansion is anticipated due to increased activity in the mining, oil & gas, construction, and other industry verticals, as well as growing industrialization and urbanization.

The heavy-duty conveyor belt market's revenue growth is driven by increasing industrialization, the expansion of the mining sector, and the quick expansion of warehouses and distribution centers for online retailers. The conveyor belt system is a continuous loop of two or more pulleys or drums, with a conveyor belt serving as the carrying medium, designed to endure tearing, abrasion, and wear. Heavy-duty conveyor belts are typically made of rubber, with a nylon or steel wire frame, and are used in heavy-duty industries such as steel, coal, cement, mining, building construction, and others.

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Increased demand and consumption are expected to drive the use of heavy-duty conveyor belts in the building and construction, as well as food and beverage (F&B), industries. Prior to the invention of industrial conveyor belts, labour was heavily relied upon by most producers and suppliers. Industrial conveyor belts are now used for product handling, with rotating pulleys and belts replacing manual handling.

Geographical analysis indicates that the North American market is expected to register the greatest revenue share over the projection period due to the growing demand for automation across various business sectors, such as aviation, retail, and automotive. The mining industry's growing need for heavy-duty conveyor belts is also anticipated to fuel market revenue growth throughout the research period.

 

Driving factors of Heavy Duty Conveyor Belts Market

  • Increased activity in the mining, oil & gas, construction, and other industry verticals.
  • Growing industrialization and urbanization, which leads to increased demand for heavy-duty conveyor belts.
  • The expansion of the mining sector, which requires heavy-duty conveyor belts for material transportation.
  • The increasing need for warehouses and distribution centers for online retailers, which also requires heavy-duty conveyor belts.
  • The use of heavy-duty conveyor belts in the building and construction, as well as food and beverage (F&B), industries.
  • The safety and quality concerns associated with manual product handling, which have led to the adoption of conveyor belt systems.
  • The development of cutting-edge machinery and equipment by manufacturers to improve mining processes such as drilling, crushing, and pulverizing.
  • The need for automation across various business sectors, such as aviation, retail, and automotive.
  • The acquisition of conveyor belt system providers and services by major companies in the industry.
  • The introduction of innovative monitoring systems and solutions for conveyor belt systems.

Some of the notable innovations in the Heavy Duty Conveyor Belts Market

  • Introduction of innovative monitoring systems: Several companies have introduced remote monitoring systems that can monitor the health and performance of conveyor belt systems in real-time. For example, Martin Engineering's N2 remote monitoring system can detect issues such as belt misalignment, excessive wear, and other problems that could cause downtime or safety hazards.
  • Development of lightweight conveyor belts: In recent years, manufacturers have developed lightweight conveyor belts that are more durable and cost-effective than traditional heavy-duty belts. These lightweight belts are made from materials such as polyurethane and are suitable for applications where heavy loads are not required.
  • Integration of advanced technologies: Some manufacturers have started integrating advanced technologies such as artificial intelligence and machine learning into their conveyor belt systems. These technologies can optimize conveyor belt performance, reduce maintenance costs, and improve safety.
  • Increased focus on sustainability: There is a growing trend towards sustainability in the heavy-duty conveyor belts market. Manufacturers are developing eco-friendly belts made from recycled materials, and are also implementing energy-saving measures such as regenerative braking and efficient motors.

Some major companies in the market report include

Continental AG, Bridgestone Corporation, Trelleborg AB, Bando Chemical Industries, LTD., Baoding Huayue Rubber Belts Co., Ltd., Shandong Phoebus Rubber Co., Ltd., Qingdao Rubber Six Xiangte Conveyor Belt Co., Ltd., Zhangjiagang Huashen Industrial Rubber & Plastic Products Co., Ltd., Smiley Monroe, and Fenner Group Holdings Limited.

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