Conveyor Belt Market to gain lucrative growth opportunity from food & beverages industry by 2025
Category: #business  By Partha Ray  Date: 2019-09-10
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Conveyor Belt Market to gain lucrative growth opportunity from food & beverages industry by 2025

Digitalization of the mining industry and the expansion of the F&B space, the global Conveyor Belt Market is expected to command significant growth in the years to come. In fact, a Global Market Insights, Inc., report estimates that the conveyor belt industry size would be surpassing the $5 billion renumeration mark by 2025.

Initially, the mining industry used conveyor belts that were quite rudimentary & durable to keep up with the taxing conditions in a mine. Ironically, these taxing work environments were exactly why conveyor belts previously struggled to foray further in the mining industry.

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Urbanization is being highlighted as a key driver promoting the expansion of the F&B industry. The populace across the developing nations are immigrating to emerging cities in search for better opportunities, which is making a conspicuous change on their lifestyles & eating habits.

A highly profitable vertical of the expanding construction space, conveyor belt market stands tall in terms of revenue in today’s industrial cosmos. With the global populace growing consistently by the day and improving economic conditions, the commercialization prospects of food & beverages industry has observed quite an incline. As conveyor belts have become an integral part of any typical F&B production facility, it goes without saying that the expansion of the F&B space will help conveyer belt industry chart out a lucrative growth path in the years ahead.

Conveyor Belt Market, by End-use:

  • Mining
  • Food & beverage
  • Power generation
  • Recycling
  • Supply chain
  • General Manufacturing
  • Others

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According to the Franchise India Holdings Limited, the economic growth experienced by developing nations such as India, Brazil, Russia & China is bringing significant changes to the regional meal consumption landscape. An increasing preference toward packaged food purchase has been observed, thereby providing a lucrative growth opportunity to the conveyor belt market players.

Adoption of conveyor belts across the world’s mining sector is on the cusp of witnessing a complete overhaul as the industry undergoes a digital transformation to move itself beyond stagnant growth and deliver exceptional value to the shareholders, the customers as well as the environment. Driven by technological advancements and given the product’s ability to boost production by a substantial margin while also cutting down labor costs, the conveyor belt market is expected to consolidate itself as the backbone of the world’s manufacturing sector, mainly characterized by mass production.

According to Cushman & Wakefield, the world’s food & beverage industry has witnessed healthy growth over the previous decade and is expected to grow further in the years ahead. In fact, the lure of food is expected to become a crucial motivator behind the construction of public spaces such as shopping centers & parks experiencing substantial footfall on a daily basis.

Some of the prominent industry players in the conveyor belt market share are: Fenner Dunlop, ContiTech AG, Zhejiang Double Arrow Rubber, Bridgestone Corporation, Bando chemicals, Forbo, The Yokohama Rubber, Ammeraal Beltech, Sempertrans Conveyor Belt Soultions, Nitta Corporation

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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