CONVEYOR BELTS MARKET ANALYSIS

Regional Analysis

Market Outlook

On the basis of region, the global conveyor belts market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific holds dominant position in the global conveyor belts market and is expected to retain its position over the forecast period. Increasing industrial investment in India and China is the major factor that is increasing demand for conveyor belt in Asia Pacific.

North America is the second largest market in the global conveyor belts market. However, the demand for these belts is expected to witness sluggish growth due to market saturation in several end-use industries.