Conveyor Belt Market Size and Share

Conveyor Belt Market (2025 - 2030)
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Conveyor Belt Market Analysis by Mordor Intelligence

The conveyor belt market reached USD 5.84 billion in 2025 and is forecast to expand at a 4.2% CAGR, bringing the value to USD 7.17 billion by 2030. Robust demand stems from industrial automation, airport baggage-handling upgrades, and renewed mining capital expenditure, all of which lift replacement cycles and new system installations. Heavy-weight belts continue to anchor revenues, but lightweight, energy-efficient variants are gaining traction as e-commerce operators and food processors modernize facilities. Specialty materials such as aramid and silicone composites see fast adoption because upcoming PFAS curbs compel end users to seek compliant alternatives. Asia-Pacific secures the largest regional share thanks to China’s manufacturing depth and India’s infrastructure pipeline, while Latin America advances the fastest on the back of large-scale mining projects. Competitive dynamics remain moderate; technology-rich suppliers that bundle IoT monitoring and predictive-maintenance analytics command pricing resilience and build sticky service revenues.

Key Report Takeaways

  • By weight class, heavy-weight belts led with 45.7% of conveyor belt market share in 2024, while light-weight belts are projected to post a 7.9% CAGR to 2030. 
  • By belt material, steel-cord reinforced rubber accounted for 36.4% share of the conveyor belt market size in 2024; specialty composites are forecast to expand at an 8.4% CAGR through 2030. 
  • By end-user industry, mining and quarrying captured 32.8% revenue in 2024; airports and logistics warehousing will grow the fastest at 9.3% CAGR to 2030. 
  • By installation type, stationary systems held 64.4% of the conveyor belt market size in 2024, whereas portable/mobile systems are rising at an 11.8% CAGR. 
  • By geography, Asia-Pacific led with 41.1% share in 2024, while Latin America is projected to register a 6.7% CAGR through 2030.

Segment Analysis

By Weight Class: Light-weight Gains Despite Heavy-weight Dominance

The conveyor belt market size for heavy-weight belts captured 45.7% revenue in 2024, anchored by mining and heavy-industry payload demands. Light-weight variants, however, are forecast to expand at 7.9% CAGR because e-commerce fulfillment and food processing plants seek energy efficiency and hygiene compliance[3]Dorner Conveyors, “Sanitary Modular Plastic Belting,” dornerconveyors.com. Modular plastic designs shorten sanitation cycles and trim water usage, an environmental benefit that amplifies adoption. Operators also value lower rotational inertia, which pares electricity draw and mitigates tariff shocks. Medium-weight belts serve automotive stamping and component transfer needs, balancing tensile strength with flexibility. Across these tiers, sensor integration and quick-change sprockets support predictive maintenance, underpinning steady revenue streams for service providers within the conveyor belt market. 

The competitive intensity varies by weight class. Heavy-weight offerings require proprietary carcass technologies and extensive test facilities, raising barriers to entry. Light-weight belts, although easier to manufacture, depend on application-specific surface chemistries and FDA compliance documentation, which still favors incumbents with broad materials portfolios. Suppliers that bundle monitoring software and rapid-deployment field crews differentiate effectively, reinforcing brand stickiness across the conveyor belt industry.

Conveyor Belt Market: Market Share by Weight Class
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By Belt Material: Specialty Materials Surge Amid Steel-cord Stability

Steel-cord reinforced rubber retains 36.4% conveyor belt market share given its unmatched tensile capacity for bulk-haul mining. Yet specialty composites such as aramid and silicone are poised for 8.4% CAGR as PFAS-free chemistries win regulatory clearance in food, pharmaceutical, and electronics plants. Aramid’s low weight helps cut drive power, supporting customers’ decarbonization targets. Fabric-reinforced rubber remains a mid-cost workhorse in cement and aggregates, while PVC/PU modules dominate wet-clean environments where bacteria control is paramount. 

Research pipelines focus on EPDM and HNBR blends that mimic fluoropolymers’ heat resistance without breaching upcoming EU PFAS rules. Early adopters lock in dual sourcing to hedge supply risk, and contract structures increasingly feature price-adjustment clauses tied to petrochemical feedstocks. As material innovation accelerates, intellectual-property portfolios become central to sustaining margins in the conveyor belt market.

By End-user Industry: Airports Accelerate While Mining Maintains Leadership

Mining and quarrying delivered 32.8% of 2024 revenue, with expansion projects in Chile, Australia, and Indonesia specifying steel-cord belts rated for 10,000 t/h. Airport and logistics facilities, however, are projected to clock 9.3% CAGR, bolstered by U.S. TSA-mandated baggage-handling upgrades and the proliferation of cross-border e-commerce hubs. Food and beverage processors continue to demand antimicrobial, oil-resistant surfaces that withstand aggressive sanitation chemicals. 

For example, Seattle-Tacoma International Airport’s USD 540 million system embeds 10 miles of belts and sensors that route 8,200 bags per hour. Automotive plants moving to electric-vehicle battery assemblies specify static-dissipative covers and tight-tolerance tracking to safeguard cell integrity. These heterogeneous requirements expand addressable opportunities and sustain technology differentiation within the conveyor belt market.

Conveyor Belt Market: Market Share by End-user Industry
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By Installation Type: Portable Systems Gain Momentum

Stationary lines dominated with 64.4% of the conveyor belt market size in 2024 because fixed plants enjoy economies of scale and lower maintenance frequency. Yet portable/mobile systems are set to advance at 11.8% CAGR as infrastructure contractors, quarry operators, and seasonal agricultural processors seek rapid deployment and relocation flexibility. Compact fold-up units with integrated telescopic drives now offer ±0.1 mm positioning accuracy, matching many fixed systems while freeing floor space. 

Rental models gain popularity, enabling cash-constrained firms to access modern equipment without committing capital. Manufacturers respond by designing plug-and-play electrical architecture and quick-lock frame joints that cut assembly time by 60%. As smart sensors miniaturize, portable belts inherit the same predictive-maintenance functionality found in large complexes, further widening the user base and reinforcing expansion of the conveyor belt market.

Geography Analysis

Asia-Pacific retained 41.1% share of the conveyor belt market in 2024, fueled by continuous Chinese investment in robotics-intensive manufacturing and India’s highway, airport, and mineral-processing build-out. Japan’s plan for a 500-kilometer automated material-handling corridor linking Tokyo and Osaka exemplifies the region’s appetite for advanced conveyor solutions capable of displacing 25,000 daily truck movements. Strong local supply ecosystems allow rapid customization and shorten lead times, giving regional vendors an edge.

Latin America is projected to lead growth at 6.7% CAGR through 2030 as miners unlock copper and lithium deposits critical to the global energy transition. China’s USD 3.5 billion pledge for Brazilian processing hubs ensures long-term orders for heavy-duty belts, while Argentina’s Bi-Oceanic Railway Corridor will require extensive conveying links to ports once bulk cargo nodes come online. Government infrastructure stimulus further underpins construction material demand, widening the addressable conveyor belt market across the continent.

North America experiences steady replacement demand driven by e-commerce distribution center build-outs and airport baggage upgrades, such as Phoenix Sky Harbor’s USD 310 million project. Energy tariffs rise faster than inflation, accelerating the adoption of variable-frequency drives and regenerative braking modules. Europe faces parallel modernization needs but contends with stringent PFAS legislation that may raise input costs and trigger redesign cycles; nonetheless, the policy also seeds opportunity for local innovators supplying compliant materials. The Middle East and Africa record selective growth linked to phosphate mining in Morocco and logistics free zones in the Gulf, though political risk and water scarcity temper broader deployment.

Conveyor Belt Market CAGR (%), Growth Rate by Region
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Competitive Landscape

The conveyor belt market is moderately fragmented. Continental AG’s ContiTech division saw 9.9% year-on-year sales contraction to EUR 1.5 billion (USD 1.63 billion) in Q3 2024, reflecting sluggish European output[1]Continental AG, “Quarterly Statement Q3 2024,” continental.com. In contrast, Yokohama Rubber booked a record 2024 operating profit of USD 853.2 million, buoyed by off-highway tire and heavy conveyor demand. Suppliers that hedge geographical exposure and push high-value niches outperform volume-focused peers.

M&A continues: Motion Industries acquired International Conveyor and Rubber to deepen aftermarket reach, and PPI bought Continental Global Material Handling to assemble a cradle-to-grave offering from rollers to full systems. Technology partnerships proliferate; Flexco links its belts to Software AG’s Cumulocity IoT stack, capturing data that underpins predictive service contracts and drives recurring revenue. Regulatory scrutiny around PFAS incites R&D alliances among chemical firms and belting OEMs pursuing compliant coatings.

New entrants compete on modularity and rapid deployment. Portable-system specialists tout 60% faster setup times, challenging incumbents reliant on large stationary contracts. However, entrenched players wield extensive service networks and proprietary carcass patents that create barriers. Overall, innovation speed, service coverage, and material science leadership define the evolving hierarchy across the conveyor belt market.

Conveyor Belt Industry Leaders

  1. The Yokohama Rubber Co., Ltd.

  2. Bridgestone Corporation

  3. Michelin Group (Fenner Conveyors)

  4. Bando Chemical Industries, Ltd.

  5. Continental Belting Pvt. Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Conveyor Belt Market Concentration
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Recent Industry Developments

  • April 2025: Continental AG confirmed plans to spin off its ContiTech division and reshuffled its executive board.
  • March 2025: Pipeotech warned that proposed EU PFAS rules could disrupt fluoropolymer gasket and conveyor materials supply.
  • January 2025: TAKRAF won a contract to supply conveyor systems for the Collahuasi expansion project in Chile.
  • December 2024: Motion Industries agreed to acquire International Conveyor and Rubber, adding seven U.S. sites.

Table of Contents for Conveyor Belt Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Industrial automation wave in e-commerce fulfilment centres
    • 4.2.2 Productivity push in brown-field manufacturing retrofits
    • 4.2.3 CAPEX revival in global mining sector 2025-2028
    • 4.2.4 Expansion of airports and baggage-handling upgrades
    • 4.2.5 Adoption of antimicrobial food-grade belts post-FSMA amendments
    • 4.2.6 IoT-enabled predictive-maintenance belts lower unplanned downtime
  • 4.3 Market Restraints
    • 4.3.1 Rising electricity tariffs inflating OPEX for belt drives
    • 4.3.2 Shortage of skilled belt-maintenance technicians
    • 4.3.3 Pending PFAS bans constraining fluoropolymer belt supply
    • 4.3.4 Volatile synthetic rubber and steel-cord input prices
  • 4.4 Evaluation of Critical Regulatory Framework
  • 4.5 Value Chain Analysis
  • 4.6 Technological Outlook
  • 4.7 Porter's Five Forces
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Buyers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes
    • 4.7.5 Competitive Rivalry
  • 4.8 Impact Assessment of Key Stakeholders
  • 4.9 Key Use Cases and Case Studies
  • 4.10 Impact on Macroeconomic Factors of the Market
  • 4.11 Investment Analysis

5. MARKET SEGMENTATION

  • 5.1 By Weight Class
    • 5.1.1 Heavy-weight
    • 5.1.2 Medium-weight
    • 5.1.3 Light-weight
  • 5.2 By Belt Material
    • 5.2.1 Steel-cord Reinforced Rubber
    • 5.2.2 Fabric Reinforced Rubber
    • 5.2.3 PVC / PU Modular Plastic
    • 5.2.4 Specialty (Aramid, Silicone, etc.)
  • 5.3 By End-user Industry
    • 5.3.1 Mining and Quarrying
    • 5.3.2 Food and Beverage Processing
    • 5.3.3 Automotive and Tire
    • 5.3.4 Airports and Logistics Warehousing
    • 5.3.5 General Manufacturing
  • 5.4 By Installation Type
    • 5.4.1 Stationary
    • 5.4.2 Portable / Mobile
  • 5.5 By Geography
    • 5.5.1 North America
    • 5.5.1.1 United States
    • 5.5.1.2 Canada
    • 5.5.1.3 Mexico
    • 5.5.2 South America
    • 5.5.2.1 Brazil
    • 5.5.2.2 Argentina
    • 5.5.2.3 Rest of South America
    • 5.5.3 Europe
    • 5.5.3.1 United Kingdom
    • 5.5.3.2 Germany
    • 5.5.3.3 France
    • 5.5.3.4 Italy
    • 5.5.3.5 Spain
    • 5.5.3.6 Nordics
    • 5.5.3.7 Rest of Europe
    • 5.5.4 Middle East and Africa
    • 5.5.4.1 Middle East
    • 5.5.4.1.1 Saudi Arabia
    • 5.5.4.1.2 United Arab Emirates
    • 5.5.4.1.3 Turkey
    • 5.5.4.1.4 Rest of Middle East
    • 5.5.4.2 Africa
    • 5.5.4.2.1 South Africa
    • 5.5.4.2.2 Egypt
    • 5.5.4.2.3 Nigeria
    • 5.5.4.2.4 Rest of Africa
    • 5.5.5 Asia-Pacific
    • 5.5.5.1 China
    • 5.5.5.2 India
    • 5.5.5.3 Japan
    • 5.5.5.4 South Korea
    • 5.5.5.5 ASEAN
    • 5.5.5.6 Australia
    • 5.5.5.7 New Zealand
    • 5.5.5.8 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration
  • 6.2 Strategic Moves
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
    • 6.4.1 The Yokohama Rubber Co., Ltd.
    • 6.4.2 Continental AG (ContiTech)
    • 6.4.3 Michelin Group (Fenner Conveyors)
    • 6.4.4 Bando Chemical Industries, Ltd.
    • 6.4.5 Phoenix Conveyor Belt Systems GmbH
    • 6.4.6 Fenner Dunlop Conveyor Belting
    • 6.4.7 Sandvik AB
    • 6.4.8 Daifuku Co., Ltd.
    • 6.4.9 Emerson Electric Co.
    • 6.4.10 Siemens AG
    • 6.4.11 FLSmidth and Co. A/S
    • 6.4.12 Volta Belting Technology Ltd.
    • 6.4.13 Ammeraal Beltech Holding B.V.
    • 6.4.14 Qingdao Rubber Six Conveyor Belts Co., Ltd.
    • 6.4.15 Mitsuboshi Belting Ltd.
    • 6.4.16 Elcon Elastomers Pvt. Ltd.
    • 6.4.17 Continental Belting Pvt. Ltd.
    • 6.4.18 Huanan Xinhai (Shenzhen) Technology Co., Ltd.
    • 6.4.19 Wire Belt Company Ltd.

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

  • 7.1 White-space and Unmet-need Assessment
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Global Conveyor Belt Market Report Scope

A conveyor belt, driven by an electric motor, forms a continuous loop wrapped around one or more pulleys. The belt rests on a metal plate bed or rollers for support. The pulley that powers the conveyor belt is termed the drive pulley, whereas the unpowered pulley is referred to as the idler pulley.

The study tracks the revenue accrued through the sale of conveyor belts by various players across the globe. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.

The conveyor belt market is segmented by type (heavy-weight, medium-weight, lightweight), end-user industry (automotive, retail, food and beverage, industrial, manufacturing, others), and geography (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The market sizes and forecasts regarding value (USD) for all the above segments are provided.

By Weight Class
Heavy-weight
Medium-weight
Light-weight
By Belt Material
Steel-cord Reinforced Rubber
Fabric Reinforced Rubber
PVC / PU Modular Plastic
Specialty (Aramid, Silicone, etc.)
By End-user Industry
Mining and Quarrying
Food and Beverage Processing
Automotive and Tire
Airports and Logistics Warehousing
General Manufacturing
By Installation Type
Stationary
Portable / Mobile
By Geography
North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe United Kingdom
Germany
France
Italy
Spain
Nordics
Rest of Europe
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Egypt
Nigeria
Rest of Africa
Asia-Pacific China
India
Japan
South Korea
ASEAN
Australia
New Zealand
Rest of Asia-Pacific
By Weight Class Heavy-weight
Medium-weight
Light-weight
By Belt Material Steel-cord Reinforced Rubber
Fabric Reinforced Rubber
PVC / PU Modular Plastic
Specialty (Aramid, Silicone, etc.)
By End-user Industry Mining and Quarrying
Food and Beverage Processing
Automotive and Tire
Airports and Logistics Warehousing
General Manufacturing
By Installation Type Stationary
Portable / Mobile
By Geography North America United States
Canada
Mexico
South America Brazil
Argentina
Rest of South America
Europe United Kingdom
Germany
France
Italy
Spain
Nordics
Rest of Europe
Middle East and Africa Middle East Saudi Arabia
United Arab Emirates
Turkey
Rest of Middle East
Africa South Africa
Egypt
Nigeria
Rest of Africa
Asia-Pacific China
India
Japan
South Korea
ASEAN
Australia
New Zealand
Rest of Asia-Pacific
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Key Questions Answered in the Report

What is the current size of the conveyor belt market?

The market is valued at USD 5.84 billion in 2025 and is projected to reach USD 7.17 billion by 2030.

Which weight class leads the conveyor belt market?

Heavy-weight belts lead with 45.7% revenue share, although light-weight belts are the fastest-growing category at 7.9% CAGR.

Why are specialty materials gaining traction in conveyor belts?

Upcoming PFAS restrictions and the need for lighter, energy-efficient designs drive adoption of aramid and silicone composites.

Which region is growing the fastest in the conveyor belt market?

Latin America is projected to record a 6.7% CAGR through 2030, aided by large mining investments and infrastructure projects.

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