Market Overview:
The global conveyor belt fasteners market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for elevators and conveyors across the globe. Additionally, the growing construction and automotive industries are also expected to drive the growth of this market during the forecast period. The metal fasteners segment is projected to lead the global conveyor belt fasteners market during the forecast period, owing to its properties such as high strength and durability. The plastic fasteners segment is projected to grow at a higher CAGR than other segments during 2018-2030, owingto its properties such as corrosion resistance and lightweight nature.
Product Definition:
Conveyor belt fasteners are devices used to attach or connect two or more conveyor belts together. There are many different types of conveyor belt fasteners, but the most common type is the screw clamp. Conveyor belt fasteners are important because they help keep the conveyor belts connected and moving as one unit.
Metal Fasteners:
Metal fasteners are manufactured from materials such as stainless steel, copper alloys, aluminum and titanium. The metal used in the manufacturing of these products is generally alloyed with metals like carbon or low-alloy steel to improve the strength of the product. These products are available in various forms including nuts & bolts, screws & nuts and studs & washers which find application in conveyor belt fasteners market.
Plastic Fasteners:
Plastic fasteners are the most commonly used product in conveyor belt fasteners market. Plastic fasteners have replaced metal and wooden ones owing to their several advantages such as durability, corrosion resistance, easy installation and removal, lightweight, high strength etc. In addition plastic has a higher melting point than steel hence it is preferable for manufacturing conveyor belt fasteners.
Application Insights:
Elevators were the largest application segment in 2017 and are expected to continue their dominance over the forecast period. Conveyor belts used in elevators are designed to carry a large amount of weight, which makes them suitable for high-rise buildings. These belts also have a larger surface area that comes into contact with materials, which increases the speed of conveyor at which goods or materials move from one place to another. The other segment is expected to be one of the fastest growing segments owing to its rising use across various industries including food & beverage and healthcare among others. Other applications include material handling in construction and manufacturing sectors such as pharmaceuticals, chemicals, food processing etc., Material Handling Solutions by Beltronics offer solutions for all types of conveyors including vertical augers; horizontal rotary; V-shaped chutes; gondola systems; pre-packaged kits etc.
Regional Analysis:
Asia Pacific dominated the global conveyor belt fasteners market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing infrastructure activities and rising industrial automation. In addition, growing demand for consumer electronics such as smartphones and laptops is anticipated to drive product adoption across this region.
The Asia Pacific has been witnessing strong economic growth since 2010 with China at the forefront of this trend. China’s GDP grew by 7% in 2016 as compared to 2015, making it one of the fastest-growing economies globally – a trend that is projected to continue over the coming years (2017-2022).
Growth Factors:
- Increasing demand from the automotive and manufacturing industries for conveyor belt fasteners as they help in improving operational efficiency.
- Growing popularity of automated conveyor systems, which require high-quality and durable fasteners for smooth functioning.
- Rising investments in research and development activities by key players to develop innovative products that can cater to the specific needs of different industries.
- Proliferation of online retailing, which is resulting in an increase in demand for conveyor belts used in distribution centers and warehouses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Conveyor Belt Fasteners Market Research Report
By Type
Metal Fasteners, Plastic Fasteners, Other
By Application
Elevators, Conveyors, Other
By Companies
MLT Minet Lacing Technology, FLEXCO, Strenex, 4B Braime Components, PHOENIX Conveyor Belts, Ashland Conveyor Products, MLT Minet Lacing Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Conveyor Belt Fasteners Market Report Segments:
The global Conveyor Belt Fasteners market is segmented on the basis of:
Types
Metal Fasteners, Plastic Fasteners, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Elevators, Conveyors, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MLT Minet Lacing Technology
- FLEXCO
- Strenex
- 4B Braime Components
- PHOENIX Conveyor Belts
- Ashland Conveyor Products
- MLT Minet Lacing Technology
Highlights of The Conveyor Belt Fasteners Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Fasteners
- Plastic Fasteners
- Other
- By Application:
- Elevators
- Conveyors
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Conveyor Belt Fasteners Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Conveyor belt fasteners are a type of fastener that attaches a conveyor belt to an object. They are made from metal and have a hole in the middle so that the belt can pass through it. The fastener is then tightened using a bolt or screw, which holds the belt in place.
Some of the major companies in the conveyor belt fasteners market are MLT Minet Lacing Technology, FLEXCO, Strenex, 4B Braime Components, PHOENIX Conveyor Belts, Ashland Conveyor Products, MLT Minet Lacing Technology.
The conveyor belt fasteners market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Conveyor Belt Fasteners Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Conveyor Belt Fasteners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Conveyor Belt Fasteners Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Conveyor Belt Fasteners Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Conveyor Belt Fasteners Market Size & Forecast, 2020-2028
4.5.1 Conveyor Belt Fasteners Market Size and Y-o-Y Growth
4.5.2 Conveyor Belt Fasteners Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Fasteners
5.2.2 Plastic Fasteners
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Elevators
6.2.2 Conveyors
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Conveyor Belt Fasteners Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Conveyor Belt Fasteners Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Fasteners
9.6.2 Plastic Fasteners
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Elevators
9.10.2 Conveyors
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Fasteners
10.6.2 Plastic Fasteners
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Elevators
10.10.2 Conveyors
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Fasteners
11.6.2 Plastic Fasteners
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Elevators
11.10.2 Conveyors
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Fasteners
12.6.2 Plastic Fasteners
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Elevators
12.10.2 Conveyors
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Fasteners
13.6.2 Plastic Fasteners
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Elevators
13.10.2 Conveyors
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Conveyor Belt Fasteners Market: Competitive Dashboard
14.2 Global Conveyor Belt Fasteners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MLT Minet Lacing Technology
14.3.2 FLEXCO
14.3.3 Strenex
14.3.4 4B Braime Components
14.3.5 PHOENIX Conveyor Belts
14.3.6 Ashland Conveyor Products
14.3.7 MLT Minet Lacing Technology
