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The warehouse and storage conveyor belt market size is forecast to increase by USD 475.32 million, at a CAGR of 5.06% between 2023 and 2028. The growth rate of the market depends on several factors such as the growing use of these belts in the e-commerce sector, the increasing demand for modular conveyor belt systems, and the rising adoption of conveyor robotics and AGVs. Our report examines historical data from 2018-2022, besides analyzing the current and forecasted market scenario.
The rapid industrialization in the APAC region, particularly in countries like China, India, and Southeast Asian nations, is fueling the demand for these belts. This surge is driven by the robust expansion of the manufacturing, logistics, and e-commerce sectors, necessitating efficient material handling, storage, and distribution operations in burgeoning industrial hubs. Key players contributing to this demand include Bando Chemical Industries Ltd., offering a range that includes Heat Carry Conveyor Belts, High Impact Conveyor Belts, and Pipe Conveyor Belts. Similarly, Bridgestone Corp provides various warehouse and storage conveyor belts, such as steel conveyor belts, fabric conveyor belts, pipe conveyor belts, energy-saving belts, and ready-made belts, catering to the evolving needs of the dynamic industrial landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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