The key vendors identified for 2021-2025 in the conveyor belt market are Bando Chemical Industries Ltd., BEHA Innovation GmbH, and Bridgestone Corp.

According to Technavio's research analysis, the conveyor belt market size is expected to grow by USD 1.29 bn during 2021-2025. The impact of COVID-19 pandemic on the conveyor belt market is covered in details in the report, including the baseline, optimistic, and pessimistic forecast scenarios.

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Based on the COVID-19 impact analysis done in the report, the conveyor belt market is expected to experience a Neutral impact throughout the forecast period. According to the report, market growth is likely to Increase as compared to 2020. The pandemic-focused report highlights the impact of various factors such as lockdowns, supply chain disruptions, demand destruction, and change in customer behavior during 2020.

Organizations across the globe are gradually flattening their recessionary curve by leveraging technology with the continuing spread of the novel coronavirus pandemic. Major businesses will go through response, recovery, and renew phases.

The recovery process involves various phases including:-

  • Adjusting their strategic planning to move forward once the business stability kicks in.
  • Building Resilience by making effective resource and investment choices for individual business units, products, and service lines.
  • Mitigating future crisis situations conceptualize scenario-based planning.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Conveyor Belt Market 2021-2025: Segmentation

Conveyor belt market is segmented as below:

  • Type
    • Medium-weight
    • Light-weight
    • Heavy-weight
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

The conveyor belt market is driven by increasing demand for automation in material handling. In addition, other factors such as rising aging population are expected to trigger the conveyor belt market toward witnessing a CAGR of over 3.72% during the forecast period.

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