Conveyor Belt Market in China to grow at a CAGR of 5.73% during the period 2016 - 2020; Finds New Report

Report forecast the conveyor belt market in China to grow at a CAGR of 5.73% during the period 2016 - 2020.

Conveyor belts are used for the transportation of solid materials. Their main application lies in connecting assembly lines to the final inspection and packing lines. The belt moves over pulleys that are at fixed positions, aiding the transport of materials horizontally or along an inclined slope. Owing to their versatility, light weight, and cost-effectiveness, conveyor belts are the most widely used mechanical handling equipment.

The conveyor belt system consists of the following key components:

• Belt
• Idlers
• Pulleys
• Belt cleaners
• Continuous weighing devices
• Discharging chutes
• Surge hoppers

The report covers the present scenario and the growth prospects of the conveyor belt market in China for the period 2016-2020. To calculate the market size, the report takes into account the total revenue generated by the manufacturers from the sales of conveyor belts in China.

The market is divided into the following segments based on types:

• PVC conveyor belts
• PU conveyor belts
• Teflon-coated conveyor belts

Conveyor Belt Market in China 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the rising demand from the power, mining, and manufacturing industries is driving the growth of the conveyor belt market in China. The power, mining, and manufacturing industries are highly dependent on conveyor equipment such as conveyor belts, rollers, overhead conveyors, and pallet conveyors for the production, storage, and transfer of materials. There is an inherent demand for power and minerals in China because of urbanization. Implementation of more efficient conveyor belts in these industries can help meet this demand.

Further, the report states that a major challenge with the use of conveyor belts is the technical glitches they face, which can impair a company’s entire operation.

Key players in the Conveyor Belt Market in China: Bando Chemical Industries, Bridgestone, ContiTech, Habasit, QingDao Rubber Six Conveyor Belt, and Zhejiang Double Arrow Rubber.

Other Prominent Vendors in the market are: Ammeraal Beltech, Anhui Zhongyi Rubber Belts, Baoding Huayue Rubber Belts, Chiorino, Fuxin Shuangxiang, GRT Rubber Technologies, Hsin Yung Chien, Hebei Yichuan Conveyor Belt Group, Intralox, Jiangyin TianGuang Technology, Wuxi Lianda Conveyor Belt, Märtens, Mitsuboshi Belting, Nitta, Veyance Technologies (Continental), Volta Belting, Wuxi Boton Belt, YOKOHAMA, and YongLi.

Market driver

• Rising demand from power, mining, and manufacturing industries
• For a full, detailed list, view our report

Market challenge

• Technical problems
• For a full, detailed list, view our report

Market trend

• Environmentally friendly conveyor belt
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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