The North America conveyor belt market size reached US$ 1.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.9% during 2024-2032.
Report Attribute
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Key Statistics
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---|---|
Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 1.7 Billion |
Market Forecast in 2032
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US$ 2.4 Billion |
Market Growth Rate (2024-2032) | 3.9% |
Conveyor belt stands for a continuous moving belt used in several material handling processes. It operates over fixed pulleys and transports objects horizontally or along an inclined slope, between two points. Conveyor belt is efficient, economic and helps in handling wide range of heavy, bulk materials without involving manpower. Owing to these capabilities, the belt is employed in distinctive manufacturing facilities, mines, airports and shopping centers. In addition to this, conveyor belt is also utilized in conveyor transport, namely escalators and travellators.
At present, North America represents one of the leading conveyor belt markets pertaining to increasing demand of automation across diverse industry sectors such as aviation, retail and automotive. Additionally, conveyor belt has numerous applications across pharmaceutical, packaging, food processing and printing industries. Overall maturation of economy, rising automotive industry and escalating infrastructure activities in the region will continue to spur the demand of conveyor belts in the upcoming years.
IMARC Group provides an analysis of the key trends in each segment of the North America conveyor belt market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product type and end-use.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Product Type, End-Use, Country |
Countries Covered | United States, Canada, Mexico |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America conveyor belt market was valued at US$ 1.7 Billion in 2023.
We expect the North America conveyor belt market to exhibit a CAGR of 3.9% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of conveyor belts across diverse sectors, such as food and beverages, packaging, logistics, etc., to automate numerous operations and limit human interaction for reducing the risk of coronavirus infection across several North American nations.
The emerging trend of industrial automation, along with the growing demand for advanced conveyor belts with self-cleaning properties, improved operational costs, high energy-efficiency, etc., is primarily driving the North America conveyor belt market.
Based on the product type, the North America conveyor belt market has been segregated into medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt. Among these, medium-weight conveyor belt currently holds the largest market share.
Based on the end-use, the North America conveyor belt market can be bifurcated into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others. Currently, the mining and metallurgy sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America conveyor belt market.