Market Overview:
The global steel conveyor belt 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 steel conveyor belts from various end-use industries, such as mining, industrial, construction, transportation, oil & gas and others. Steel conveyor belts are made up of high-quality materials that offer superior performance and longer life as compared to other types of conveyor belts. These factors are expected to drive the growth of the global steel conveyor belt market during the forecast period.
Product Definition:
A steel conveyor belt is a conveyor belt that has been covered in steel. This type of conveyor belt is used to move heavy objects or materials. The steel helps to protect the belt from wear and tear, as well as from being damaged by weight or contact with other objects.
Strand Steel Cord Rubber Conveyor Belts:
Strand steel cord rubber conveyor belts are made from natural and synthetic rubber. Natural rubber is produced from the sap of a tree, it's primary use is in the production of tires. Synthetic (Polyisoprene) Rubber is man-made, its primary use is in manufacturing conveyor belts.
The growth factor for this segment has been growing at a steady CAGR over the past few years.
Layer Steel Cord Rubber Conveyor Belts:
Steel conveyor belts are made from synthetic or natural rubber, and a steel core. The belts have wide applications in the food & beverage industry for conveying dry foods such as cereals, rice, and biscuits. They also find application in pharmaceutical industries for handling sensitive drugs products.
The layer steel cord is used to provide additional support to the rubber conveyor belt during its operation.
Application Insights:
The construction application segment led the global steel conveyor belt market in 2017 and is projected to witness significant growth over the forecast period. This can be attributed to increasing urbanization, which has resulted in an increased demand for construction materials such as cement and steel. In addition, rapid industrialization coupled with rising income levels across various regions is expected to drive the consumption of these products in this application segment over the next few years.
The transportation sector accounted for a share of 22% in terms of revenue on account of extensive use across warehouses & storage facilities, manufacturing facilities & plants and other logistics centers worldwide. The wide scope of usage includes picking & packaging operations at warehouse level as well as throughout plant production & distribution channels. Rapid industrialization along with surging population globally has resulted in an increased demand for efficient transportation systems that are capable handling heavy loads efficiently; thus driving product adoption across this sector over the forecast period.
Regional Analysis:
Asia Pacific dominated the global steel conveyor belt market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Increasing industrialization coupled with rising investments in infrastructure development by governments of various countries has been fueling the demand for steel conveyor belts in recent years.
China emerged as a major consumer for these products owing to increasing construction activities along with robust manufacturing base of building & construction materials, electronics & electrical equipment and automotive components within the country. In addition, rapid growth of e-commerce sector within China has led to increased demand for logistics services which further drives product adoption across numerous industries including mining and oil & gas sectors.
North America accounted for a significant share due to presence of prominent manufacturers such as Belden Inc.; therefore Belton Company; Johnson Control LLC; Lockdown Security Systems Inc.
Growth Factors:
- Increasing demand from the automotive and manufacturing industries for steel conveyor belts as they are durable and require low maintenance.
- Growing popularity of automated material handling systems, which use steel conveyor belts as an integral part, is driving the market growth.
- Rising investments in infrastructure development projects across the globe is also fueling the demand for steel conveyor belts.
- Rapid industrialization in emerging economies such as China and India is providing a major thrust to the market growth. 5) Technological advancements in production processes of steel conveyor belts are resulting in their increased adoption across various industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Conveyor Belt Market Research Report
By Type
Strand Steel Cord Rubber Conveyor Belts, Layer Steel Cord Rubber Conveyor Belts
By Application
Mining, Industrial, Construction, Transportation, Oil & Gas, Others
By Companies
Continental AG, Bridgestone, Fenner, Yokohama, Zhejiang Double Arrow, Sempertrans, Bando, Baoding Huayue, Zhejiang Sanwei, Shandong Phoebus, Wuxi Boton, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Steel Conveyor Belt Market Report Segments:
The global Steel Conveyor Belt market is segmented on the basis of:
Types
Strand Steel Cord Rubber Conveyor Belts, Layer Steel Cord Rubber Conveyor Belts
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
Mining, Industrial, Construction, Transportation, Oil & Gas, Others
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:
- Continental AG
- Bridgestone
- Fenner
- Yokohama
- Zhejiang Double Arrow
- Sempertrans
- Bando
- Baoding Huayue
- Zhejiang Sanwei
- Shandong Phoebus
- Wuxi Boton
- Zhangjiagang Huashen
- HSIN YUNG
- Fuxin Shuangxiang
- Anhui Zhongyi
- QingDao Rubber Six
- Hebei Yichuan
- Smiley Monroe
Highlights of The Steel Conveyor Belt 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:
- Strand Steel Cord Rubber Conveyor Belts
- Layer Steel Cord Rubber Conveyor Belts
- By Application:
- Mining
- Industrial
- Construction
- Transportation
- Oil & Gas
- Others
- 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 Steel Conveyor Belt 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
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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?
A steel conveyor belt is a type of industrial belt used to move materials along a production line. The belt typically has a series of closely spaced, parallel metal plates that move along the length of the belt. The plates are usually made out of steel and are either smooth or have small bumps on them. These bumps help to grip the material that is being moved across the belt, which helps to prevent it from slipping off the belts and into other parts of the plant.
Some of the major companies in the steel conveyor belt market are Continental AG, Bridgestone, Fenner, Yokohama, Zhejiang Double Arrow, Sempertrans, Bando, Baoding Huayue, Zhejiang Sanwei, Shandong Phoebus, Wuxi Boton, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe.
The steel conveyor belt market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Conveyor Belt Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Steel Conveyor Belt Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Conveyor Belt Market - Supply Chain
4.5. Global Steel Conveyor Belt Market Forecast
4.5.1. Steel Conveyor Belt Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Conveyor Belt Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Conveyor Belt Market Absolute $ Opportunity
5. Global Steel Conveyor Belt Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Steel Conveyor Belt Market Size and Volume Forecast by Type
5.3.1. Strand Steel Cord Rubber Conveyor Belts
5.3.2. Layer Steel Cord Rubber Conveyor Belts
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Conveyor Belt Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Steel Conveyor Belt Market Size and Volume Forecast by Application
6.3.1. Mining
6.3.2. Industrial
6.3.3. Construction
6.3.4. Transportation
6.3.5. Oil & Gas
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Conveyor Belt Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Steel Conveyor Belt Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Steel Conveyor Belt Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Steel Conveyor Belt Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Steel Conveyor Belt Demand Share Forecast, 2019-2026
9. North America Steel Conveyor Belt Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Steel Conveyor Belt Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Steel Conveyor Belt Market Size and Volume Forecast by Application
9.4.1. Mining
9.4.2. Industrial
9.4.3. Construction
9.4.4. Transportation
9.4.5. Oil & Gas
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Conveyor Belt Market Size and Volume Forecast by Type
9.7.1. Strand Steel Cord Rubber Conveyor Belts
9.7.2. Layer Steel Cord Rubber Conveyor Belts
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Steel Conveyor Belt Demand Share Forecast, 2019-2026
10. Latin America Steel Conveyor Belt Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Steel Conveyor Belt Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Steel Conveyor Belt Market Size and Volume Forecast by Application
10.4.1. Mining
10.4.2. Industrial
10.4.3. Construction
10.4.4. Transportation
10.4.5. Oil & Gas
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Conveyor Belt Market Size and Volume Forecast by Type
10.7.1. Strand Steel Cord Rubber Conveyor Belts
10.7.2. Layer Steel Cord Rubber Conveyor Belts
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Steel Conveyor Belt Demand Share Forecast, 2019-2026
11. Europe Steel Conveyor Belt Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Steel Conveyor Belt Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Steel Conveyor Belt Market Size and Volume Forecast by Application
11.4.1. Mining
11.4.2. Industrial
11.4.3. Construction
11.4.4. Transportation
11.4.5. Oil & Gas
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Conveyor Belt Market Size and Volume Forecast by Type
11.7.1. Strand Steel Cord Rubber Conveyor Belts
11.7.2. Layer Steel Cord Rubber Conveyor Belts
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Steel Conveyor Belt Demand Share, 2019-2026
12. Asia Pacific Steel Conveyor Belt Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Steel Conveyor Belt Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Steel Conveyor Belt Market Size and Volume Forecast by Application
12.4.1. Mining
12.4.2. Industrial
12.4.3. Construction
12.4.4. Transportation
12.4.5. Oil & Gas
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Conveyor Belt Market Size and Volume Forecast by Type
12.7.1. Strand Steel Cord Rubber Conveyor Belts
12.7.2. Layer Steel Cord Rubber Conveyor Belts
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Steel Conveyor Belt Demand Share, 2019-2026
13. Middle East & Africa Steel Conveyor Belt Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Steel Conveyor Belt Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Steel Conveyor Belt Market Size and Volume Forecast by Application
13.4.1. Mining
13.4.2. Industrial
13.4.3. Construction
13.4.4. Transportation
13.4.5. Oil & Gas
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Conveyor Belt Market Size and Volume Forecast by Type
13.7.1. Strand Steel Cord Rubber Conveyor Belts
13.7.2. Layer Steel Cord Rubber Conveyor Belts
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Steel Conveyor Belt Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Conveyor Belt Market: Market Share Analysis
14.2. Steel Conveyor Belt Distributors and Customers
14.3. Steel Conveyor Belt Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Continental AG
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bridgestone
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fenner
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Yokohama
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zhejiang Double Arrow
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sempertrans
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bando
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Baoding Huayue
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Zhejiang Sanwei
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Phoebus
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wuxi Boton
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Zhangjiagang Huashen
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HSIN YUNG
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fuxin Shuangxiang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Anhui Zhongyi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. QingDao Rubber Six
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Hebei Yichuan
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Smiley Monroe
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook