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(USGovernment-News.Com, November 11, 2016 ) Conveyors belts are generally used for the transportation of solid materials in bulk. Their main application lies in connecting assembly lines to the final inspection and packing lines. The belt moves over two pulleys that are at fixed positions aiding the transport of material horizontally or along an inclined slope. Conveyor belts are the most widely used conveyors because of their versatility and cost-effectiveness. Conveyor belts are one of the lightest forms of the conveyor system.
Technavios analysts forecast the global conveyor belt market to grow at a CAGR of 3.71% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global conveyor belt market for 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 worldwide.
The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global Conveyor Belt Market 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.
Key vendors Bando Chemical Industries Bridgestone ContiTech Fenner Yokohama
Market driver Demand from emerging economies For a full, detailed list, view our report
Market challenge Need for continuous support and maintenance For a full, detailed list, view our report
Market trend Rising need to refurbish existing plants 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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