The new report by Expert Market Research titled, ‘South Africa Conveyor Belt Market Size, Share, Price, Trends, Growth, 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 types and end-uses. 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 analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.86%
The growth in the global market for conveyor belts in South Africa is being driven by the rising applications of conveyor belts in various industry applications. A conveyor belt is significant to streamline operations wherein the movement of heavy items is required in a short span of time. Conveyor belts are majorly available in different strengths and sizes, depending upon the usage. Thus, the different varities of conveyor belts is an added factor enhancing the growth of the market.
Industry Definition and Segmentation
Conveyor belts are mechanical devices used for carrying heavy objects. Generally comprised of two or more pulleys are used to streamline various operations.
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On the basis of product type, the market can be divided into:
• Medium-Weight Conveyor Belt
• Light-Weight Conveyor Belt
• Heavy-Weight Conveyor Belt
Based on end use, the market can be segmented into:
• Mining and Metallurgy
• Manufacturing
• Chemicals, Oils and Gases
• Aviation
• Others
Market Trends
The market growth is being driven by the rising adoption of automation in logistics and warehouse management. Owing to the commonality of consumer electronic devices namely smartphones, tablets, and laptops, among others and the rising market penetration of internet in the region is further enhancing the market growth in the region. Automatic conveyor belts aid in reducing manual operations, boosts productivity, and minimize the risk of errors thereby augmenting their reliability. These factors are contributing to the market growth of conveyor belts in South Africa.
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, and Interflex Holdings (Pty) Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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