Food Belt Market: Key Players and Driving Factors Analysis
Global Food Belt Market – Introduction
Food belts are majorly installed to carry packed or unpacked foods from one point to another. These belts have two or more pulleys, which help the belt to rotate continuously. Food materials that need to be transported are placed on the belt and the rotating conveyor carries it to the end point of the belt. Moreover, food belts are used to transport cooked or uncooked food within company premises. Key requisites of food belts are their uniformity and thickness.
Global Food Belt Market – Competition Landscape
THE YOKOHOMA RUBBER CO., LTD.
THE YOKOHOMA RUBBER CO., LTD. was founded in 1917 and is headquartered in Minato, Tokyo, Japan. It is a company under The Furukawa Group and has presence in 120 countries with 26,000 employees across the globe. In July 2016, the company acquired India-based Alliance Tire Group. The company operates their business in different segments, including tires, wheels, sports, hose and couplings, conveyor belts, marine hoses, pneumatic fenders, hematite (sealants & adhesives), and aerospace products. Some of their key conveyer belt compounds are heavy-duty compounds belts, energy saving belts, heat resistant belts, non-stick belts, oil resistant belts, and flame resistant belts.
ContiTech AG
Incorporated in 2004, ContiTech AG is headquartered in Hanover, Germany. The company specializes in rubber and plastic technology. However, it also produces and develops components, functional parts, and systems for commercial vehicle, automotive, rail vehicle, aerospace, and other industries. ContiTech sells its products globally through online and offline distribution channels. The company also manufactures and provides maintenance services of conveyor belts in 30 countries. Furthermore, their conveyer belts are DIN EN ISO 900, DIN ISO 14001, DIN ISO 50001, OHSAS 18001, and ISO/IEC 17025 certified.
Major companies operating in the global food belt market are THE YOKOHOMA RUBBER CO., LTD., ContiTech AG, Fenner Group Holdings Ltd., Bridgestone Corporation, Intralox, L.L.C., Siban Peosa SA, Continental Belting Private Limited, Sempertrans Conveyor Belt Solutions GmbH, Bando Chemical Industries, Ltd., and Elastomerik Belts Private Limited.
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Global Food Belt Market – DriverIncrease in Number of Food & Beverage Manufacturing Units
Growth of food & beverages industry in emerging economies, including China, India, Brazil, Mexico, and South Africa due to various supporting initiatives by respective governments, is expected to drive the food belt market in the near future. In the food industry, it is necessary to reduce the operational time for quick production. Food belts can subsequently decrease the operational cost, material losses, and time. In addition, automation solutions in manufacturing plants can decrease labor cost as, labor cost in developed countries is very high. Furthermore, rise in the number of food manufacturing units globally will boost the market growth.
Global Food Belt Market – Segmentation
The global food belt market can be segmented on the basis of:
- Material
- Product
- Installation
Global Food Belt Market, by Material
In terms of material, the global food belt market can be divided into:
- Metal
- Polymer
- Others
Global Food Belt Market, by Product
Based on product, the global food belt market can be segregated into:
- Flat Belt
- Modular Belt
- Cleated belt
Global Food Belt Market, by Installation
On the basis of installation, the global food belt market can be categorized into:
- Light-weight
- Medium-weight
- Heavy-weight
The report on the global food belt market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on market segments across regions.
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Regional analysis of the global food belt market includes:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
