Wire Mesh Belt Market Worldwide Demand and Development Opportunities, 2023
The factors that are playing a major role in the growth of the market are rising demand from end-users, technological enhancement, flexible and effective solutions, and easy availability of a variety of products.
(firmenpresse) - Global Wire Mesh Belt Market is expected to grow at a CAGR of 5.3% in the upcoming period as the scope and its applications are rising enormously across the globe. Wire mesh belts imply metal conveyor belts for positive drive and light transfer. It is mainly suitable for active food contact applications like glazing, drying, coating, cooling, draining and heating. The edges of the belt are available in a bent or welded design. Wire mesh belts are exclusively used in freezing temperature (frozen food conveying) or high temperature (baking, bakery, and snack food conveying) applications.
The factors that are playing a major role in the growth of the market are rising demand from end-users, technological enhancement, flexible and effective solutions, and easy availability of a variety of products. However, the presence of alternatives and the other micro- and macro-economic factors may restrain overall market growth in the years to come. Wire mesh belt market is segmented based on type, product type, end-user, distribution channel, and region.
Metal wire mesh belt, stainless steel wire mesh belt, and the other types could be explored in a wire mesh belt in the forecast period. Positive Drive Belts, Special Edge Design, Friction Drive Belts, and the other product types could be explored in wire mesh belt in the forecast period. The market may be categorized based on end-users like mine industry, construction, food, agriculture, and other industries that could be explored in the forecast period.
Indirect marketing and direct marketing are the distribution channels that could be explored in wire mesh belt in the forecast period. Direct marketing sector may account for the substantial market share of wire mesh belt and is estimated to continue its dominance in the years to come. The market is segmented geographically into Americas (North America, South America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).
Globally, North America may account for the significant market share of wire mesh belt and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the rising use of enhanced technology for product development. The United States is a major consumer of wire mesh belt in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The developing countries like India and China are the major consumers of wire mesh belt in this region.
The key players of wire mesh belt market are Rydell Beltech Pty, Audubon, Keystone Manufacturing, Wire Belt Company, WMB, Cambridge Engineered Solutions, Omni Metalcraft, FURNACE BELT COMPANY, and Märtens. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
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Datum: 24.03.2020 - 09:27 Uhr
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