The new report by Expert Market Research titled, ‘South Africa Conveyor Belt Market Report and Forecast 2022-2027’, gives an in-depth analysis of the South Africa conveyor belt market, assessing the market based on its segments like product type, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.86 %
The growing usage of conveyor belts in different industrial applications, such as manufacturing, aviation, and the chemical sector, is driving the South African market for conveyor belts. A conveyor belt is useful for streamlining processes that involve the transfer of large materials in a short amount of time. Application of conveyor belts in public settings such as airports and supermarkets, among other applications, are also expected to grow in South Africa, pushing market expansion in this region. Conveyor belts come in a variety of strengths and sizes, depending on the use. As a result, the various types of conveyor belts are an additional element boosting market growth.
Industry Definition and Major Segments
Conveyor belts are mechanical systems that are used to transport large things within a limited area. The conveyor belt is usually stretched between two or more pulleys so it can rotate continuously and expedite processes.
By product type, the market is divided into:
• Medium-Weight Conveyor Belt
• Light-Weight Conveyor Belt
• Heavy-Weight Conveyor Belt
By end use, the market is divided into:
• Mining and Metallurgy
• Chemicals, Oils, and Gases
The increased implementation of automation in logistics and warehouse management is driving market expansion. The expanding market penetration of internet in the region, along with the prevalence of consumer electronic devices such as smartphones, tablets, and laptops, is further improving market growth in the region. Automatic conveyor belts help to reduce manual activities, increase production, and reduce the possibility of mistakes, all of which improves their dependability. Conveyor belts are growing in popularity in South Africa as a result of these considerations.Essay on Stepping into 2047 How India will Become a Developed Nation
Key Market Players
The major players in the market are National Conveyor Products, Oriental Rubber Industries Pvt Ltd., Truco SA, Fenner Conveyor Belting (SA) (Pty) Ltd, Interflex Holdings (Pty) Ltd. and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.