CONVEYOR BELTS MARKET ANALYSIS

Leading Companies

Key Players

Some of the major players operating in the global conveyor belts market include Siemens AG, TGW Logistics Group, Emerson Electric Co., Intelligrated, Daifuku Co. Ltd., Interroll Holding GmbH, Vanderlande Industries B.V., Taikisha Ltd., Fives, Bando Chemical Industries, Bridgestone, ContiTech AG, Goodyear, QingDao Rubber Six, Zhejiang Double Arrow, and Swisslog.

Key Players

Major players operating in the conveyor belts market are adopting various strategies such as mergers & acquisitions and new product launch in order to maintain their market share in the global market. For instance, in August 2016, The Yokohama Rubber Co., Ltd., introduced “Tuftex α”, cover compound for conveyor belt. The product is designed for using in most demanding applications including coal at pork stock yard facilities and high-capacity reclaimers handling iron ore.

In June 2017, Dynamic Conveyor Corporation, U.S.-based machinery manufacturer launched new conveyor belt top for food industry, which offers rough-textured surface to protect sticky foods from sticking to the conveyor belt material.

In May 2018, Habasit Holding AG, a leading manufacturer of light conveyor and power transmission belt, acquired the majority stakes in NGI Holding A/S, previously held by Adelis Equity Partners, private equity company. NGI Holding A/S is a world’s leading manufacturer of hygiene conveyor levelling components. The acquisition aimed towards expanding market coverage and product portfolio of Habasit Holding AG.