Global Conveyor Belt Market Size Forecast in 1.

According to data from Shangpu Consulting Group, the global conveyor belt market will reach 19.689 billion billion yuan in 2022, up 4.2 percent year-on-year. The compound annual growth rate of 2023-2028 is expected to be 7.31, and the scale of the conveyor belt market will grow to 30.058 billion billion yuan. The main factors driving the growth of the global conveyor belt market are as follows:

Demand in the downstream industry grew steadily. The main downstream industries of the conveyor belt include heavy industries such as coal, electricity, steel, cement, and port logistics, as well as light industries such as food and electronics. With the acceleration of global economic recovery and infrastructure construction, the demand for conveyor belts in these industries will maintain steady growth. Especially in developing countries, due to the advancement of industrialization and the improvement of urbanization, the demand for energy, raw materials and consumer goods will continue to expand, thereby stimulating the use of conveyor belts.

The rapid development of the e-commerce industry. With the popularity of Internet technology and changes in consumer shopping habits, the e-commerce industry has shown explosive growth on a global scale.According to data from the Champ Consulting Group, global e-commerce transactions will reach $35 trillion billion in 2022, an increase of 19.1 percent year-on-year. The e-commerce industry has extremely high requirements for the efficiency and accuracy of logistics and distribution, so the demand for automation equipment such as conveyor belts is also increasing. Conveyor belts can improve the speed and quality of logistics in warehousing, sorting, packaging and other links, reduce labor costs and error rates, thereby enhancing the competitiveness of e-commerce.

technological innovation and product upgrading. With the development of the conveyor belt industry, customers have higher requirements for the performance, quality and safety of the conveyor belt. Therefore, conveyor belt enterprises are increasing investment in technological innovation and product research and development to improve the wear resistance, temperature resistance, fire resistance, chemical resistance and other characteristics of the conveyor belt to meet the needs of different working conditions and materials. At the same time, enterprises are also using the Internet of things, big data, artificial intelligence and other technologies to develop intelligent, integrated, unmanned and energy-saving conveyor belt systems to realize the functions of remote monitoring, fault warning and automatic adjustment of conveyor belts, improve the operation efficiency and safety of conveyor belts, and reduce operating costs and environmental impact.

2. China Conveyor Belt Market Size Forecast

According to data from Shangpu Consulting Group, China's conveyor belt production will reach 0.55 billion square meters in 2022, an increase of 8.3 percent year-on-year. It is expected that China's conveyor belt output will maintain an average growth rate of about 6% from 2023 to 2028, and will reach 0.76 billion square meters by 2028.

According to data from Shangpu Consulting Group, the scale of China's conveyor belt market will reach 12.54 billion billion yuan in 2022, up 7.2 percent year-on-year. It is expected that the scale of China's conveyor belt market will maintain an average growth rate of about 6.5 from 2023 to 2028, and will reach 17.43 billion yuan by 2028.

3. China Conveyor Belt Product Structure Analysis

According to the product type, Chinese conveyor belts can be divided into two categories: heavy (rubber) conveyor belts and light (non-rubber) conveyor belts. Heavy-duty conveyor belts use rubber as the main raw material, and the scope of use is concentrated in heavy industry and infrastructure construction, which is commonly referred to as industrial conveyor belts; light conveyor belts mainly use polymer materials and are mainly used in light industry such as food and electronics. Field, which is commonly referred to as commercial conveyor belts.

According to data from Shangpu Consulting Group, the total output of China's conveyor belts will reach 0.56 billion square meters in 2022, of which the output of heavy conveyor belts will be 0.504 billion square meters, accounting for 90%; the output of light conveyor belts will be 0.056 billion square meters, accounting for 10%. It is expected that China's heavy conveyor belt production will maintain an average growth rate of about 5.5 from 2023 to 2028, and will reach 0.68 billion square meters by 2028. Light conveyor belt production will maintain an average growth rate of about 9%, reaching 0.08 billion square meters by 2028.

From the perspective of product structure, heavy-duty conveyor belts are still the mainstream products in China's conveyor belt market, accounting for about 90%. The main reason is that China's economic structure is dominated by heavy industry and there is a large demand for heavy-duty conveyor belts. However, with the process of China's economic transformation and consumption upgrading, the development of light industry is getting faster and faster, and the demand for light conveyor belts is also growing. Especially in the food, electronics and other industries, due to the high requirements for product quality and safety, the performance and material of light conveyor belts also have higher standards. Therefore, the growth rate of light conveyor belts will be higher than that of heavy conveyor belts, and the market share will increase in the future.

4. China Conveyor Belt Competition Pattern Analysis

According to the data of Shangpu Consulting Group, the competition pattern of China's conveyor belt market in 2022 is relatively scattered, with the total market share of the top 10 enterprises being about 30%, of which the top three are Jiangsu Shuangjian Rubber Co., Ltd. (6.5), Shandong Longteng Rubber Co., Ltd. (5.3) and Qingdao Rubber Factory 6 (4.8). Other companies have a market share of less than 3.5 per cent. This shows that China's conveyor belt market competition is fierce, there is a big gap between enterprises.

From the perspective of geographical distribution, China's conveyor belt enterprises are mainly concentrated in Shandong, Hebei, Jiangsu, Zhejiang and other regions, which have a relatively complete rubber industry chain and downstream industry foundation. Among them, Shandong Province is China's largest conveyor belt production base, with many well-known brands and large-scale enterprises. Hebei Province is China's largest heavy-duty conveyor belt production base, mainly serving the coal, steel and other industries. Jiangsu Province and Zhejiang Province are mainly engaged in the production of light conveyor belts, mainly serving food, electronics and other industries.

From the perspective of competitive strategy, Chinese conveyor belt enterprises are increasing investment in technological innovation and product research and development to improve product quality and performance and meet the needs of different customers. At the same time, companies are also strengthening cooperation and mergers and acquisitions to expand market share and influence. For example:

In 2020, Qingdao Rubber Factory No. 6 signed a strategic cooperation agreement with Germany's Contec Group. The two parties will conduct in-depth cooperation in conveyor belt technology, products, and markets to jointly develop domestic and foreign markets.

In 2020, Shandong Longteng Rubber Co., Ltd. acquired Jiangsu Hailong Rubber Co., Ltd., further expanding the production capacity and market share of light conveyor belts.

In 2021, Jiangsu Shuangjian Rubber Co., Ltd. and Foster Group of the United States reached a strategic partnership, the two sides in the conveyor belt research and development, production, sales and other aspects of comprehensive cooperation, enhance the competitiveness of both sides and brand influence.

Analysis on the Development Trend of China's Conveyor Belt in 5.

According to the research of Shangpu Consulting Group, China's conveyor belt industry will develop in the following directions:

Intelligent. With the development and application of the Internet of Things, big data, artificial intelligence and other technologies, the conveyor belt industry will also usher in intelligent changes. The intelligent conveyor belt system can realize the functions of remote monitoring, fault warning and automatic adjustment of the conveyor belt, improve the operation efficiency and safety of the conveyor belt, and reduce the operating cost and environmental impact. For example, Qingdao Rubber Factory No. 6 has launched an intelligent conveyor belt management platform based on the Internet of Things, which can monitor the running status, temperature, speed, load and other parameters of the conveyor belt in real time, and view and control it through mobile phone APP or computer terminal.

Integration. With the downstream industry's requirements for the overall performance and effectiveness of the conveyor belt system, conveyor belt enterprises will also change from a single product supplier to a comprehensive system solution provider. The integrated conveyor belt system can provide customized design, installation, commissioning, maintenance and other services according to the different needs and working conditions of customers, so as to realize the optimal configuration and best matching of the conveyor belt system. For example, Shandong Longteng Rubber Co., Ltd. provides one-stop conveyor belt system services, including pre-consultation, mid-term design, post-installation and after-sales protection.

Uninhabited. With the rise of labor costs and the shortage of human resources, the conveyor belt industry will also usher in the trend of unmanned. The unmanned conveyor belt system can realize the automatic operation of the loading and unloading, sorting, packaging and other links of the conveyor belt through automatic equipment and robots, reducing manpower input and error rate, and improving production efficiency and quality. For example, Jiangsu Shuangjian Rubber Co., Ltd. has introduced advanced robot technology to realize the unmanned production line of light conveyor belt.

Energy saving. With the enhancement of environmental awareness and the implementation of energy conservation and emission reduction policies, the conveyor belt industry will also usher in the demand for energy conservation. The energy-saving conveyor belt system can reduce the energy consumption and emissions of the conveyor belt by adopting new materials, improving the structure and optimizing the control, and improve the environmental performance and social responsibility of the conveyor belt. For example, Zhejiang Golden Eagle Rubber Co., Ltd. has developed a new type of energy-saving and environmentally friendly conveyor belt, which can save 30% of electricity and 50% of water resources.

In summary, the analysis report on the market size forecast and growth momentum of the conveyor belt industry in 2023 mainly includes the following aspects:

In 2023, the global conveyor belt market will reach about 30 billion yuan, up about 7.3 percent year-on-year, of which China's conveyor belt market will reach about 12 billion yuan, up about 6.5 percent year-on-year.

Heavy-duty conveyor belts are still the mainstream products in the market, accounting for about 90%, but the demand for light conveyor belts is also growing, especially in the light industry fields such as food and electronics.

In terms of market competition pattern, domestic and foreign enterprises are increasing investment in technological innovation and product research and development to improve product quality and performance and meet the needs of different customers. At the same time, companies are also strengthening cooperation and mergers and acquisitions to expand market share and influence.

In terms of development trends, the conveyor belt industry will develop in the direction of intelligence, integration, unmanned, and energy saving. It will use technologies such as the Internet of Things, big data, and artificial intelligence to improve the efficiency and safety of conveyor belts and reduce operating costs. And environmental impact.