World - Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials - Market Analysis, Forecast, Size, Trends And Insights
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The market for belt type continuous-action elevators and conveyors is on an upward consumption trend, with a forecasted CAGR of +3.3% for the period 2022-2030. In 2022, consumption reached 1.7M units, ending a two-year declining trend. Market value is projected to increase to $20.7B by 2030. China leads in production and exports, while the United States and Thailand are top importers. The average import price was $4,450 per unit in 2022, showing fluctuations over the years.
Market Forecast
Driven by increasing demand for belt type continuous-action elevators and conveyors for goods or materials worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.3M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +5.6% for the period from 2022 to 2030, which is projected to bring the market value to $20.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
In 2022, consumption of belt type continuous-action elevators and conveyors for goods or materials was finally on the rise to reach 1.7M units for the first time since 2019, thus ending a two-year declining trend. The total consumption volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak volume of 1.9M units. From 2020 to 2022, the growth of the global consumption of remained at a somewhat lower figure.
The value of the market for belt type continuous-action elevators and conveyors for goods or materials worldwide reached $13.4B in 2022, standing approx. at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $14.1B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were the United States (200K units), Thailand (167K units) and China (162K units), with a combined 30% share of global consumption. Italy, India, Germany, Egypt, Denmark, Japan, Russia, Turkey, Pakistan and France lagged somewhat behind, together accounting for a further 45%.
From 2012 to 2022, the most notable rate of growth in terms of materials, amongst the leading consuming countries, was attained by Italy (with a CAGR of +20.8%), while materials for the other global leaders experienced more modest paces of growth.
In value terms, China ($1.7B), India ($1.2B) and Russia ($1.1B) constituted the countries with the highest levels of market value in 2022, with a combined 30% share of the global market. The United States, Japan, Germany, Italy, Turkey, France, Denmark, Thailand, Egypt and Pakistan lagged somewhat behind, together accounting for a further 41%.
Among the main consuming countries, Italy, with a CAGR of +20.4%, saw the highest growth rate of market size over the period under review, while materials for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of per capita consumption of belt type continuous-action elevators and conveyors for goods or materials was registered in Denmark (14 units per 1000 persons), followed by Thailand (2.4 units per 1000 persons), Italy (2.3 units per 1000 persons) and Germany (1.3 units per 1000 persons), while the world average per capita consumption of belt type continuous-action elevator and conveyor was estimated at 0.2 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the per capita consumption of belt type continuous-action elevators and conveyors for goods or materials in Denmark stood at -7.3%. In the other countries, the average annual rates were as follows: Thailand (+5.8% per year) and Italy (+20.9% per year).
Production
World Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
Global production of belt type continuous-action elevators and conveyors for goods or materials dropped slightly to 1.5M units in 2022, remaining stable against the year before. The total output volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, production reached the peak volume of 1.5M units, leveling off in the following year.
In value terms, production of belt type continuous-action elevators and conveyors for goods or materials shrank slightly to $12.6B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 23% against the previous year. Over the period under review, global production of attained the peak level at $14.3B in 2019; however, from 2020 to 2022, production remained at a lower figure.
Production By Country
China (337K units) constituted the country with the largest volume of production of belt type continuous-action elevators and conveyors for goods or materials, accounting for 22% of total volume. Moreover, production of belt type continuous-action elevators and conveyors for goods or materials in China exceeded the figures recorded by the second-largest producer, Italy (148K units), twofold. Germany (125K units) ranked third in terms of total production with an 8.3% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +9.1%. In the other countries, the average annual rates were as follows: Italy (+16.7% per year) and Germany (-1.5% per year).
Imports
World Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
In 2022, purchases abroad of belt type continuous-action elevators and conveyors for goods or materials was finally on the rise to reach 913K units for the first time since 2019, thus ending a two-year declining trend. In general, imports saw perceptible growth. The pace of growth appeared the most rapid in 2018 with an increase of 33%. Global imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials rose rapidly to $4.1B in 2022. The total import value increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 18%. Global imports peaked in 2022 and are expected to retain growth in years to come.
Imports By Country
The United States (183K units) and Thailand (172K units) represented the largest importers of belt type continuous-action elevators and conveyors for goods or materials in 2022, recording near 20% and 19% of total imports, respectively. It was distantly followed by Egypt (104K units), Singapore (66K units), India (56K units) and Mexico (45K units), together generating a 30% share of total imports. Canada (32K units), Vietnam (19K units), Bolivia (17K units) and China (16K units) took a little share of total imports.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +56.4%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($739M) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials worldwide, comprising 18% of global imports. The second position in the ranking was taken by Vietnam ($241M), with a 5.9% share of global imports. It was followed by China, with a 4% share.
In the United States, imports of belt type continuous-action elevators and conveyors for goods or materials expanded at an average annual rate of +10.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+15.9% per year) and China (-4.9% per year).
Import Prices By Country
The average import price for belt type continuous-action elevators and conveyors for goods or materials stood at $4,450 per unit in 2022, waning by -16.5% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the maximum at $6,743 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($12,744 per unit), while Bolivia ($56 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+13.5%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials
In 2022, overseas shipments of belt type continuous-action elevators and conveyors for goods or materials increased by 21% to 681K units, rising for the second consecutive year after two years of decline. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Over the period under review, the global exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials rose sharply to $4.2B in 2022. The total export value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year. Over the period under review, the global exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Exports By Country
In 2022, China (191K units), distantly followed by Australia (91K units), Mexico (67K units), Brazil (63K units), Singapore (53K units) and Germany (31K units) represented the key exporters of belt type continuous-action elevators and conveyors for goods or materials, together generating 73% of total exports. The following exporters - Canada (21K units), Malaysia (21K units), the United States (15K units), Italy (14K units) and the Netherlands (10K units) - together made up 12% of total exports.
Exports from China increased at an average annual rate of +21.9% from 2012 to 2022. At the same time, Australia (+36.7%), Brazil (+23.2%), Singapore (+9.8%), Malaysia (+9.5%), Mexico (+5.6%), Canada (+4.3%) and Italy (+1.7%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +36.7% from 2012-2022. The Netherlands and Germany experienced a relatively flat trend pattern. By contrast, the United States (-2.4%) illustrated a downward trend over the same period. China (+19 p.p.), Australia (+12 p.p.) and Brazil (+6.6 p.p.) significantly strengthened its position in terms of the global exports, while Canada, the Netherlands, Italy, Mexico, the United States and Germany saw its share reduced by -1.7%, -1.8%, -2%, -3.8%, -4.6% and -7.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest belt type continuous-action elevator and conveyor supplying countries worldwide were China ($948M), Germany ($598M) and Italy ($314M), with a combined 44% share of global exports. The Netherlands, Canada, the United States, Mexico, Brazil, Singapore, Malaysia and Australia lagged somewhat behind, together accounting for a further 17%.
In terms of the main exporting countries, Mexico, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for belt type continuous-action elevators and conveyors for goods or materials amounted to $6,191 per unit, with a decrease of -11.6% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 an increase of 26% against the previous year. Over the period under review, the average export prices reached the peak figure at $11,718 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($22,980 per unit), while Australia ($43 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+12.3%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for belt type continuous-action elevator and conveyor. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28221770 - Belt type continuous-action elevators and conveyors for goods or materials
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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