United Kingdom Conveyor Belt Market Insights Forecasts to 2033

• The Market is Growing at a CAGR of 4.9% from 2023 to 2033
• The UK Conveyor belt Market Size is Expected to Hold a Significant Share by 2033

The U.K. Conveyor belt Market is Anticipated to Hold a Significant Share by 2033, growing at a CAGR of 4.9% from 2023 to 2033.

Market Overview

Conveyor belts are a kind of material transportation system that saves time, energy, and funds by transferring goods, substances, and components in an easy and effective way. A conveyor belt is an identifiable part of the majority of production facilities worldwide. The manufacturing of pharmaceuticals, consumer goods, electronics, and a variety of other industries has increased significantly in recent years, which has benefited the conveyor belt business. Additionally, the increasing demand for operational efficiency and the focus on automating labor cost reduction are two factors driving the UK market. The efficiency and dependability of conveyor systems are being improved by the shift to Industry 4.0 and the incorporation of the Internet of Things (IoT). Further driving market expansion is the UK's e-commerce boom, which has raised demand for conveyor belts in distribution and warehousing facilities.

Report Coverage

This research report categorizes the market for the UK conveyor belt market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom conveyor belt market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. conveyor belt market.

Driving Factors

Government subsidies and investment in the UK manufacturing sector are driving the UK conveyor belt market even more. A total of £147 million (€159 million) will be invested by the British government in the second phase of "Manufacturing Made Smarter," a program designed to encourage innovation and connection in the UK manufacturing sector. Additionally, in the UK, online purchasing is becoming more and more popular, which is driving up demand for effective distribution and warehousing solutions. In order to move goods from storage to packaging and shipping areas quickly and accurately, conveyor belts are essential to the operations of e-commerce fulfillment centers in the UK. Furthermore, the number of warehouses in the UK is expected to reach 423,000 by 2023, a 35% increase from 2018. Conveyor belt systems are in high demand in the UK due to the significant growth in warehouses, as they are necessary for effective distribution and storage operations.

Restraining Factors

The market expansion is anticipated to be constrained by the fluctuating cost of the raw materials required to manufacture conveyor belts. The profitability of the business producing conveyor belts and their parts is anticipated to be impacted, even in the absence of a price rise from the manufacturer.

Market Segmentation

The UK conveyor belt market share is classified into type and end-use.

• The medium-weight conveyor belt segment is expected to hold the greatest market share through the forecast period.    

The U.K. conveyor belt market is segmented by type into medium-weight conveyor belt, light-weight conveyor belt, and heavy-weight conveyor belt. Among these, the medium-weight conveyor belt segment is expected to hold the greatest market share through the forecast period. This market segment, which is distinguished by its adaptability, is widely used in many different applications and sectors and makes a substantial contribution to market growth. Its versatility in handling a broad variety of materials and products with moderate weights is one of its main contributions.

• The mining and metallurgy segment is anticipated to hold a significant share of the United Kingdom conveyor belt market during the forecast period.       

Based on the end-use, the UK conveyor belt market is divided into mining and metallurgy, manufacturing, chemicals, oils and gases, aviation, and others. Among these, the mining and metallurgy segment is anticipated to hold a significant share of the United Kingdom conveyor belt market during the forecast period. Conveyor belts are essential to the mining and metallurgy sector for the effective and continuous movement of raw materials, minerals, and ore.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. conveyor belt market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• Hytrol Conveyor Company
• Flexco
• Martin Engineering
• Beltman
• Trelleborg Sealing Solutions
• Dorner Manufacturing
• Interroll Group 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, according to their operational collaboration with SICK, MONK was able to provide industry-leading conveyors for weighing, measuring, and product identification at up to 6,000 items per hour.  

Market Segment

This study forecasts revenue at the UK, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Conveyor Belt Market based on the below-mentioned segments:

United Kingdom Conveyor Belt Market, By Type

• Medium-Weight Conveyor Belt
• Light-Weight Conveyor Belt
• Heavy-Weight Conveyor Belt

United Kingdom Conveyor Belt Market, By End-Use

• Mining and Metallurgy
• Manufacturing
• Chemicals
• Oils and Gases
• Aviation
• Others