The global conveyor belt market reached a value of US$ 6.8 Billion in 2024. As per the analysis by IMARC Group, the top companies in the conveyor belt industry are focusing on product innovations, such as developing new materials and design which improves the performance, durability, and efficiency of the products. In line with this, the introduction of smart conveyor belts that are equipped with sensors, cameras, and machine learning (ML) algorithms to optimize performance, identify potential issues, reduce downtime, and lower maintenance costs, is providing an impetus to the market growth. Apart from this, the recent development of magnetic conveyor belts, which aid in transporting fragile and irregularly shaped materials from one place to another at high speed and minimum vibrations, is positively influencing the market growth. Moreover, key players are focusing on the development of sustainable conveyor belts that are manufactured using biodegradable and eco-friendly materials, such as recycled rubber and plastics, bamboo, hemp, and cotton, are favoring the market growth. Besides this, the widespread product adoption due to the increasing demand for automation in manufacturing, food processing, automotive, e-commerce, and other industries to increase efficiency, save time, and boost productivity, is propelling the market growth. Furthermore, the implementation of stringent safety regulations by several governments is facilitating product utilization in hazardous environments, such as mining and construction activities. Other factors, including rapid industrialization activities, increasing investment in the development of advanced products, and the growing product demands in airports, seaports, and railway stations, are anticipated to drive market growth. Looking forward, IMARC Group expects the market value to reach US$ 8.7 Billion by 2032, growing at a CAGR of 2.7% during the forecast period (2024-2032.).
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The global conveyor belt market has several major players including Bando Chemical Industries, Ltd., Fenner, Intralox, Volta Belting Technology Ltd., and Fives. More information about these companies has been provided below.
Establishment:
1906Headquarters:
Kobe, JapanWebsite:
https://www.bandogrp.com/eng
Bando Chemical Industries, Ltd. is a leading processor of rubber and other chemical materials. Its major products include automotive parts, high-performance rollers, conveyor belts, polyvinyl chloride (PVC) films, sensors, and advanced elastomers. The company's products are used in various applications, such as power transmission, fluid power, conveyance, and motion control. Furthermore, it aims to invest heavily in research and development (R&D) of core technologies to expand its business presence in various key areas, such as medical and healthcare equipment, transportation, electronic materials, and robotics.
Establishment:
1861Headquarters:
Hessle, EnglandWebsite:
https://www.fenner.com
Fenner is a global manufacturing company that specializes in power transmission belts, industrial hoses, conveyor belts, sealing materials, and other engineering solutions. Its products are widely utilized across mining, oil and gas, agriculture, transportation, aerospace, and construction industries. The company also offers multiple services to its clients, including installation, maintenance, overhaul, refurbishment, and diagnostic services. Furthermore, Fenner focuses on using the latest technologies, continuous research, development, and innovation activities to provide a competitive edge in the market.
Establishment:
1971Headquarters:
New Orleans, the United StatesWebsite:
https://www.intralox.com
Intralox is a multinational company (MNC) that provides conveying solutions and services. It also specializes in producing food-grade conveyor belts that are safe and hygienic for various food processing, medical, and healthcare applications. The company is also known for offering targeted and tailor-made solutions to its clients, which aids in increasing efficiency, maximizing production rate, and enhancing operational capabilities. In line with this, Intralox has developed a wide range of patented technologies, which provide gentle and precise sorting, merging, and aligning of products on the conveyor belt. It serves a diverse customer base across various industries, including food processing, beverage, automotive, industrial, and logistics.
Establishment:
1965Headquarters:
Karmiel, IsraelWebsite:
https://www.voltabelting.com
Volta Belting Technology Ltd. is a global manufacturer of homogenous conveyor belts and related accessories, such as rollers, tracking devices, and splicing tools. It offers various conveyor solutions, such as horizontals, elevators, center drives, troughs, and profile belts, to multiple industries, including food processing, recycling, and ceramic tile manufacturing. The company uses state-of-the-art equipment and production techniques to ensure consistent product quality and performance. Volta Belting Technology Ltd. products are known for their highly durable materials, dimensional exactitude, and superior stability.
Establishment:
1867Headquarters:
Paris, FranceWebsite:
https://www.fivesgroup.com
Fives is an industrial engineering group that designs and manufactures machines, process equipment, and production lines for various industries, such as aerospace, cement, chemical, and logistics. The company provides advanced technologies and services for various industries, including combustion systems, process automation, industrial furnaces, and more. Fives Technologies offers integrated solutions that combine conveyor belts with other automation technologies, such as sorters, robots, pick-and-place systems, and software solutions. The company invests significantly in research and development (R&D) to develop new conveyor belt technologies, improve existing solutions, and stay at the forefront of technological advancements in the industry.
About Author:
Shree Basu
Senior Content Writer at IMARC Services Private Limited
Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries.
In the dynamic landscape of industrial automation, the conveyor system market stands as a cornerstone, enabling seamless material handling across diverse sectors. This realm is dominated by a select few companies whose innovations and expertise have shaped the industry's trajectory. Among these top-tier entities, names like Daifuku Co., Ltd., Siemens AG, and Honeywell International Inc. shine as beacons of innovation, reliability, and excellence.
1. Daifuku Co., Ltd.
2. KION Group
3. Murata Machinery Ltd.
4. Mecalux, S.A.
5. Honeywell Intelligrated
6. Beumer Group
7. Fives
8. Swisslog
9. SSI Schaefer
10. Vanderlande Industries
1. Daifuku Co., Ltd.:
Daifuku is a leading global provider of automated material handling systems and solutions, with a presence in over 30 countries. The company offers a comprehensive range of conveyor systems, including belt conveyors, roller conveyors, overhead conveyors, and sorting systems. Daifuku's solutions are designed to meet the specific needs of various industries, such as automotive, food and beverage, pharmaceuticals, and e-commerce.
2. KION Group:
KION Group is a global leader in intralogistics automation, including conveyor systems. The group's portfolio includes brands such as Dematic, Linde Material Handling, and STILL. KION offers a wide range of conveyor solutions, catering to various industries and applications.
3. Murata Machinery Ltd.:
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Murata Machinery is a leading Japanese manufacturer of conveyor systems and other material handling equipment. The company's products are known for their high quality, reliability, and energy efficiency. Murata Machinery's conveyor systems are used in a variety of industries, including food and beverage, pharmaceuticals, and electronics.
4. Mecalux, S.A.:
Mecalux is a Spanish multinational company specializing in storage solutions and intralogistics automation. The company offers a wide range of conveyor systems, including gravity conveyors, powered conveyors, and sorting systems. Mecalux's conveyor solutions are tailored to meet the specific needs of warehouses, distribution centers, and logistics facilities.
5. Honeywell Intelligrated:
Honeywell Intelligrated is a leading provider of supply chain automation solutions, including conveyor systems. The company offers a comprehensive range of conveyor solutions, catering to various industries and applications. Honeywell Intelligrated's conveyor systems are known for their innovation, reliability, and performance.
6. Beumer Group:
Beumer Group is a German multinational company specializing in intralogistics automation, including conveyor systems. The company offers a wide range of conveyor solutions, including belt conveyors, roller conveyors, and sorting systems. Beumer Group's conveyor systems are used in a variety of industries, such as automotive, food and beverage, and e-commerce.
7. Fives:
Fives is a French industrial group with a strong presence in intralogistics automation, including conveyor systems. The company offers a wide range of conveyor solutions, catering to various industries and applications. Fives' conveyor systems are known for their high quality, durability, and performance.
8. Swisslog:
Swisslog is a leading global provider of intralogistics solutions, including conveyor systems. The company offers a comprehensive range of conveyor solutions, catering to various industries and applications. Swisslog's conveyor systems are known for their innovation, efficiency, and flexibility.
9. SSI Schaefer:
SSI Schaefer is a leading global provider of intralogistics solutions, including conveyor systems. The company offers a wide range of conveyor solutions, catering to various industries and applications. SSI Schaefer's conveyor systems are known for their reliability, versatility, and cost-effectiveness.
10. Vanderlande Industries:
Vanderlande Industries is a global leader in airport baggage handling systems and also offers a wide range of conveyor solutions for other industries. The company's conveyor systems are known for their innovation, efficiency, and customer-centric approach.
Conclusion:
The conveyor systems market is characterized by intense competition among global players and a growing demand for innovative and efficient solutions. The companies listed above are at the forefront of conveyor technology, providing advanced solutions that meet the diverse needs of industries worldwide. As the demand for automation and material handling solutions continues to rise, these companies are well-positioned to maintain their leadership in the conveyor systems market.
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