Enclosed Conveyor Belts Market Expected to Reach $1 Billion by 2032

According to a new report published by Allied Market Research, titled, “Enclosed Conveyor Belts Market," The enclosed conveyor belts market size was valued at $646.75 million in 2023, and is estimated to reach $1 billion by 2032, growing at a CAGR of 5.4% from 2024 to 2032.

A solution for the effective and secure transportation of commodities in industrial environments is an enclosed conveyor belt. It is made up of a continuous loop made of sturdy material, such as rubber or metal that is enclosed within a structure to stop spills and environmental contamination. This enclosed design minimizes product loss or damage during transit by protecting the items being delivered from the elements and guaranteeing cleanliness.

The trajectory of development and market dynamics of the enclosed conveyor belts industry are shaped by a number of important factors. The surge in use of automation in material handling procedures across sectors is one of the main drivers. As organizations strive to increase productivity, effectiveness, and safety, automated conveyor systems, such as enclosed belt conveyors, have become essential solutions. Increased productivity and cost savings are the results of these systems' streamlined material flow, decreased manual handling, and reduced chance of human error. These factors are expected to positively impact enclosed conveyor belts market growth.

The need for enclosed belt conveyors is further driven by the introduction of strict environmental laws pertaining to material containment and dust emissions. Industries such as mining, agriculture, construction, and manufacturing face increasing pressure due to environmental regulations aimed at reducing pollution and mitigating environmental impact. Owing to their ability to reduce spills, eliminate dust emissions, and keep transported products contained inside sealed housings or casings, enclosed belt conveyors provide an efficient option.

Moreover, the need for enclosed belt conveyors is driven by the ongoing requirement for effective material transportation across a variety of sectors. These conveyors, which are well-known for their capacity to handle bulk goods effectively and dependably, are essential for maintaining the seamless and uninterrupted movement of materials throughout facilities for manufacturing, distribution, and logistics. SUch factors are expected to drive the growth of enclosed conveyor belts market.

Enclosed conveyor belts are primarily made using natural rubber added with a few other chemical compounds. Various governments have imposed import restrictions on natural rubber owing to varying reasons. For instance, India government has imposed an excessive duty on the “4005 Compounded rubber, unvulcanized, in primary forms or in plates, sheets or strip”, which is used for the manufacturing of enclosed conveyor belts and other rubber products. As of 2021, the basic duty on it is 10%, IGST 18%, and surcharge 10%. Moreover, on natural rubber, there is basic duty 25%, additional duty of 5%, and surcharge of 10%, as of January 2023. Furthermore, in September 2022, the European Union restricted the import of 14 types of commodities into the European Union and are soon expected to be verified for possible association with deforestation. These commodities include rubber, which is essential for manufacturing enclosed conveyor belts. Such import restrictions are expected to drive up the prices of rubber, and eventually result in the manufacturing of expensive enclosed conveyor belts; thereby restricting enclosed conveyor belts market.

Enclosed conveyor belts are manufactured using various hazardous chemicals. These components include primary amine-based sulfenamides, such as N-cyclo-hexyl-2-benzothiazole sulfenamide, and thiazoles, such as 2-mercaptobenzothiazole. These ’substances of very high concern’ (SVHC’s) have a negative effect on humans and the environment. Workers who regularly work with them as part of their job role, such as conveyor maintenance staff and belt splicers for example, are potentially at greatest risk and therefore most in need of safeguards. Such factors are anticipated to have negative impacts on the enclosed conveyor belts market.

Emerging economies with rapidly growing infrastructure, urbanization, and industrialization offer unrealized opportunities for enclosed conveyor belts market. The rise in investment in industries such as mining, building, manufacturing, and logistics, present profitable chances for conveyor suppliers and manufacturers to grow their clientele and market share. Such factors are expected to offer lucrative opportunities for the growth of enclosed conveyor belts market.

Key Findings of the Study

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the enclosed conveyor belts market analysis from 2023 to 2032 to identify the prevailing enclosed conveyor belts market opportunity.
• By enclosure type, the fully enclosed belt conveyors segment was the highest revenue contributor to the enclosed conveyor belts market share in 2023 and the partial enclosed belt conveyors segment is expected to be the fastest-growing segment exhibiting the highest CAGR during the forecast period 2024 to 2032.
• By installation type, the floor segment was the highest revenue contributor to the market in 2023 and overhead segment is expected to be the fastest-growing segment exhibiting the highest CAGR during the forecast period 2024 to 2032.
• By application, the others segment was the highest revenue contributor to the enclosed conveyor belts market in 2023 and mining segment is expected to be the fastest-growing segment exhibiting the highest CAGR during the forecast period 2024 to 2032.
• By region, Asia-Pacific was the highest revenue contributor to the enclosed conveyor belts market forecast and is expected to grow at a CAGR during the forecast period, and Middle East and Africa region is expected to exhibit highest CAGR during the forecast period.
• The report includes the analysis of the regional as well as global  enclosed conveyor belts market trends, key players, market segments, application areas, and market growth strategies.