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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.According to a report by GMI, Conveyor Belt Market size will likely surpass USD 5 billion by 2025. Food & beverage industry will witness the fastest growth rate due to wide range of applications in various food processing, packaging and conveying systems. Rising demand for packaged food will lead to a segment CAGR of around 4.5% from 2019 to 2025.
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Impact of the expanding food & beverage industry on the conveyor belt market:-
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.
Most of the population sprawled across urban locales seem to often struggle to find the time, or the energy required to preparing their own meals & beverages from scratch at home, which increasingly pushes them towards packaged food & beverages. This consequently leads to the F&B sphere experiencing an exponential growth, bringing about renewed prospects to the global conveyor belt market.
Meanwhile, the 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 in an attempt 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 industry is expected to consolidate itself as the backbone of the world’s manufacturing sector, mainly characterized by mass production.
Browse key industry insights spread across 311 pages with 418 market data tables & 31 figures & charts from the report, “Conveyor Belt Market Size By Material (Metal, Polymer [Polyester, Nylon]), By Product (Flat Belt, Modular Belt, Cleated Belt), By Installation (Portable, Stationary) By Application (Light-weight, Medium-weight, Heavy-weight), By End-use (Mining, Food & Beverage, Power Generation, Recycling, Supply Chain, General Manufacturing), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/conveyor-belt-market
Impact of the mining sector’s digital transformation on the conveyor belt market:-
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.
The influx of substantially high-grade technological advancements have made it possible for conveyor belts to be used on a large scale in the mining sector. Digital technologies are expected to enable the market foray beyond its current stance through automation, operational hardware & robotics.
The World Economic Forum estimates that the digitalization of the mining industry would be bringing in more than $425 million of value to the sector by 2025.
The growing demands from mining operations, coupled with the digital transformation of the industry, are expected to provide the conveyor belt market the footing it requires to attract more investments over the upcoming years.
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Partial Table of Contents (ToC) of the report:
Chapter 5. Conveyor Belt Market, By Product
5.1. Global conveyor belt market product insights
5.2. Flat belt
5.2.1. Global market estimates and forecast, 2014 - 2025
5.2.2. Global market estimates and forMedium weightion, 2014 - 2025
5.3. Modular belt
5.3.1. Global market estimates and forecast, 2014 - 2025
5.3.2. Global market estimates and forecast, by region, 2014 - 2025
5.4. Cleated belt
5.4.1. Global market estimates and forecast, 2014 - 2025
5.4.2. Global market estimates and forecast, by region, 2014 - 2025
Chapter 6. Conveyor Belt Market, By Installation
6.1. Global conveyor belt market installation insights
6.2. Portable
6.2.1. Global market estimates and forecast, 2014 - 2025
6.2.2. Global market estimates and forecast, by region, 2014 - 2025
6.3. Stationary
6.3.1. Global market estimates and forecast, 2014 - 2025
6.3.2. Global market estimates and forecast, by region, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/conveyor-belt-market
Chapter 7. Conveyor Belt Market, By Application
7.1. Global conveyor belt market application insights
7.2. Light-weight
7.2.1. Global market estimates and forecast, 2014 - 2025
7.2.2. Global market estimates and forecast, by region, 2014 - 2025
7.3. Medium-weight
7.3.1. Global market estimates and forecast, 2014 - 2025
7.3.2. Global market estimates and forecast, by region, 2014 - 2025
7.4. Heavy-weight
7.4.1. Global market estimates and forecast, 2014 - 2025
7.4.2. Global market estimates and forecast, by region, 2014 - 2025
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