Market Overview:
The global modular conveyor belts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for modular conveyor belts from various end-use industries, such as food industry, chemical industry, agricultural sector, mining sector and others. In terms of type, the plastic conveyor belt segment is projected to lead the global modular conveyor belts market during the forecast period. This can be attributed to its properties such as resistance against corrosion and abrasion and low weight.
Product Definition:
A modular conveyor belt is a belt that has been divided into sections or modules. These sections can be easily connected and disconnected, which makes them ideal for use in applications where the belt needs to be moved or changed frequently. Modular conveyor belts are often used in manufacturing plants and warehouses, where they are used to move goods from one area to another.
Plastic Conveyor Belts:
Plastic conveyor belts are made of high-performance materials, which enhance the operational efficiency of material handling equipment. These belts have a unique structure that provides strength and durability to the system. The product is manufactured using polypropylene, polyester or nylon polymer base with additives including antioxidants and plasticizers for improved performance under extreme conditions. Plastic conveyor belts can be single or multi-ply depending upon the application requirements ranging from light to heavy weight applications.
Metal Conveyor Belts:
Metal conveyor belts and it's usage in modular conveyor belts market is a new concept for many manufacturers, engineers & end-users. The key driver of this market is the need to improve material handling efficiency by using high strength materials. Traditional metal products are not suitable for use in heavy industrial applications as they have low fatigue resistance and durability.
Application Insights:
The food industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to factors such as growing demand for packaged food products, rapid urbanization leading to an increase in the working-class population, and rising income levels. Modular conveyor belts offer flexibility with regard to belt size, material type, design features and color which are ideal for use in food processing industries owing to their high hygiene requirements.
Chemical industry is another key application segment that is expected grow at a significant rate over the forecast period owing primarilyto increasing investments by various governments across countries worldwidein promoting industrial development & manufacturing activities particularly relatedto petrochemicals & pharmaceuticals sectors.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing industrialization and rising construction activities. In addition, growing population and rapid urbanization are also anticipated to drive demand for food, which will further propel industry expansion over the next eight years.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for conveyor belts from the automotive and food processing industries
- Growing popularity of modular conveyor belts in e-commerce and retail sectors
- Rising investments in automated material handling systems
- Proliferation of belt manufacturers catering to specific needs of end users
- Technological advancements that improve performance, durability, and efficiency of modular conveyor belts
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Conveyor Belts Market Research Report
By Type
Plastic Conveyor Belts, Metal Conveyor Belts, Rubber Conveyor Belts, Other
By Application
Food Industry, Chemical Industry, Agricultral, Mining, Other
By Companies
Hongsbelt International, Ammeraal Beltech Modular, Afher Eurobelt, MS Plus Automation, Tsubakimoto Chain, Movex, SpanTech, YUK Group, Habasit, FlexLink, Hongsbelt International, REGINA
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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Modular Conveyor Belts Market Report Segments:
The global Modular Conveyor Belts market is segmented on the basis of:
Types
Plastic Conveyor Belts, Metal Conveyor Belts, Rubber Conveyor Belts, 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
Food Industry, Chemical Industry, Agricultral, Mining, 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:
- Hongsbelt International
- Ammeraal Beltech Modular
- Afher Eurobelt
- MS Plus Automation
- Tsubakimoto Chain
- Movex
- SpanTech
- YUK Group
- Habasit
- FlexLink
- Hongsbelt International
- REGINA
Highlights of The Modular Conveyor Belts 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:
- Plastic Conveyor Belts
- Metal Conveyor Belts
- Rubber Conveyor Belts
- Other
- By Application:
- Food Industry
- Chemical Industry
- Agricultral
- Mining
- 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 Modular Conveyor Belts 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.
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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?
Modular conveyor belts are a type of belt that is made up of individual modules. These modules can be moved along the belt using a motor or other device, allowing for efficient and quick movement of materials. This type of belt is often used in factories and other industrial settings, where it is necessary to move large quantities of materials quickly and efficiently.
Some of the key players operating in the modular conveyor belts market are Hongsbelt International, Ammeraal Beltech Modular, Afher Eurobelt, MS Plus Automation, Tsubakimoto Chain, Movex, SpanTech, YUK Group, Habasit, FlexLink, Hongsbelt International, REGINA.
The modular conveyor belts market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modular Conveyor Belts 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 Modular Conveyor Belts Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Modular Conveyor Belts 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 Modular Conveyor Belts 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 Modular Conveyor Belts Market Size & Forecast, 2020-2028 4.5.1 Modular Conveyor Belts Market Size and Y-o-Y Growth 4.5.2 Modular Conveyor Belts 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 Plastic Conveyor Belts
5.2.2 Metal Conveyor Belts
5.2.3 Rubber Conveyor Belts
5.2.4 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 Food Industry
6.2.2 Chemical Industry
6.2.3 Agricultral
6.2.4 Mining
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modular Conveyor Belts 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 Modular Conveyor Belts 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 Plastic Conveyor Belts
9.6.2 Metal Conveyor Belts
9.6.3 Rubber Conveyor Belts
9.6.4 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 Food Industry
9.10.2 Chemical Industry
9.10.3 Agricultral
9.10.4 Mining
9.10.5 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 Plastic Conveyor Belts
10.6.2 Metal Conveyor Belts
10.6.3 Rubber Conveyor Belts
10.6.4 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 Food Industry
10.10.2 Chemical Industry
10.10.3 Agricultral
10.10.4 Mining
10.10.5 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 Plastic Conveyor Belts
11.6.2 Metal Conveyor Belts
11.6.3 Rubber Conveyor Belts
11.6.4 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 Food Industry
11.10.2 Chemical Industry
11.10.3 Agricultral
11.10.4 Mining
11.10.5 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 Plastic Conveyor Belts
12.6.2 Metal Conveyor Belts
12.6.3 Rubber Conveyor Belts
12.6.4 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 Food Industry
12.10.2 Chemical Industry
12.10.3 Agricultral
12.10.4 Mining
12.10.5 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 Plastic Conveyor Belts
13.6.2 Metal Conveyor Belts
13.6.3 Rubber Conveyor Belts
13.6.4 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 Food Industry
13.10.2 Chemical Industry
13.10.3 Agricultral
13.10.4 Mining
13.10.5 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 Modular Conveyor Belts Market: Competitive Dashboard
14.2 Global Modular Conveyor Belts Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hongsbelt International
14.3.2 Ammeraal Beltech Modular
14.3.3 Afher Eurobelt
14.3.4 MS Plus Automation
14.3.5 Tsubakimoto Chain
14.3.6 Movex
14.3.7 SpanTech
14.3.8 YUK Group
14.3.9 Habasit
14.3.10 FlexLink
14.3.11 Hongsbelt International
14.3.12 REGINA