The conveyor belt market size was valued at US$ 5480.3 million in 2024 and is expected to reach US$ 7,805.9 billion by 2031; it is estimated to record a CAGR of 5.3% from 2025 to 2031.

The demand for conveyor belts across the industrial sector is surging due to the increasing adoption of automation and the requirement for smooth material handling for industrial operations. To improve their production capacity and satisfy the growing demand for goods from consumers, manufacturers in packaging, food and beverage, pharmaceuticals, and the automotive sectors are investing in sophisticated conveyor systems. The need for effective conveyor systems has increased as manufacturers embrace digital transformation. The emphasis on Industry 4.0 and smart manufacturing is soaring for integrating various stages of the production process in the manufacturing facilities, enabling real-time monitoring, and facilitating data-driven decision-making. The demand for automation across production facilities is supporting the adoption of conveyor belts. Adopting lightweight, durable, and high-performance materials-based conveyor belts boosts operational efficiency across industrial facilities. To address the rising demand for conveyor belts, market players are expanding their production capabilities. In October 2024, Continental announced the expansion of its manufacturing plant in Ponta Grossa, Brazil, to accommodate the production of heavy-duty steel cord conveyor belts. This plant is now the second location from Continental's group sector ContiTech to manufacture belts rated up to ST10000, which is considered the world's strongest belt rating, made to withstand extreme conditions.

Airport infrastructure globally is expanding owing to increased air passengers and cargo activities. In March 2023, the Airports Council International (ACI Europe) announced that the passenger traffic in the European network of airports grew by more than 69% in January 2023 compared to January 2022. In March 2023, Fraport, a transport company, invested ~US$ 5.7 billion (EUR 4 billion) to expand the Frankfurt International Airport, Germany's main airport hub. The expansion is expected to be completed by 2026. Under this expansion project, air movements are expected to increase from 80 movements an hour in 2023 to 120 by 2026. Governments are pushing their respective investments for the existing airports. For instance, the US Federal Aviation Administration announced funding of US$ 1 billion to improve the infrastructure of 99 airports. This funding was provided through President Biden's Bipartisan Infrastructure Law in 2023. As airports grow, they require advanced conveyor belts for managing higher passenger volumes, ensuring smooth operations, reducing delays, and improving the overall travel experience. This expansion leads to a greater need for automated, high-capacity conveyor systems that can handle both luggage and cargo more efficiently.

The expansion of the conveyor belt market in North America is driven by growing e-commerce as well as manufacturing sectors, rising demand for warehouse automation, and surging establishment of new small-scale warehouses. The evolution of the food & beverage industry surges demand for reducing labor availability challenges, which drives the adoption of the conveying system. Major manufacturers operating in the North America conveyor belt market include Titan Industries Inc., American Conveyor Systems, A&E Conveyor Systems Company, Kaufman Engineered Systems, Flexicon Corporation, Eaglestone, Power Pack Conveyor, and Hennecke GmbH. The presence of these market players contributes to the market growth.

The conveyor belt market in Europe is growing, driven by the demand for advanced manufacturing capabilities and the need for greater operational efficiency. The pharmaceutical, automotive, food and beverage, and electronic industries are adopting conveying systems to enhance production processes and optimize resource management. The push for smart manufacturing and Industry 4.0 boosts efficiency, reduces downtime, and streamlines material flow in factories. As a result, industries are adopting advanced conveyor systems to support high-speed production. The growth of e-commerce and the demand for faster delivery times have led to new warehouse launches and increased operations, propelling the demand for conveyor belts

Habasit AG; Forbo Holding AG; Semperit AG Holding; Ashworth Bros., Inc.; Fenner Dunlop; MacAljon, Inc.; Dorner Mfg. Corp.; Cambelt International LLC; BEUMER Group; and NITTA Corporation are among the key conveyor belt Market players that are profiled in this market study.

The overall Conveyor Belt Market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the conveyor belt Market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the conveyor belt Market.