Belt feeders are used in numerous industries including construction, food processing, mining, agricultural, quarrying, etc. Among these industries, mining has significant demand for belt feeders in a gamut of operating processes and site of installations.
Bulk material weighing, continuous material flow control, auto centering, belt speed measurement, belt speed frequency control, alarm signalling for failures, etc. are several functions perform by belt feeders.
The belt feeder is one of the type of feeder which is mostly used to provide a well-ordered bulk materials volumetric flow from the storage units.
These belts feeders are generally not recommended for tough bulk materials and very hard and only preferable for handling granular materials.
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Global Belt Feeders Market: Dynamics
The inherent features of belt feeder such as improved process flow, enhanced quality assurance and reduction of lead time and labour costs are expected to support its growth profoundly. The demand of retrofit units in mining and power generation for material handling and conveying purpose are expected to propel the use of belt feeders.
Moreover, with increasing span of application from heavy industries to medium scale manufacturing units is also expected to pave way for further growth of belt feeders market.
Integrated units aided with automated controls are anticipated to be the preferred configuration of belt feeders in the upcoming times.
On the downside, slow sales movement of the product and demand slowdown from heavy industries is expected to be a key restraint for belt feeder market growth. Additionally, the high maintenance costs and high initial investments for stakeholders may also hamper the adoption of the belt feeders.
Globally, the belt feeders market is found to be highly competitive in nature owing to the presence of a considerable number of players in the global market. The prominent players focusing on providing customized belt feeders in order to meet the increasing demand for the customer for diversified applications.
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COVID-19 Impact
The growing burden on financial institutions and the widening impact of COVID-19 is anticipated to result in a much slower or rather negative growth on a global scale during 2020-2021, pushing the world economy into a recessive state.
Additionally, growth is vulnerable to global spillovers due to trade and financial flows, including remittances, across countries in the world. The longer-lasting costs imposed on activity stemming from the pandemic are expected to exhaust their negative impact by 2021 witnessing V-shape recovery
Global Belt Feeders Market: Regional Outlook
North America is expected to have foremost growth in the belt feeders, owing to the fact that the region shows increasing demand for custom type belt feeders. The Asia Pacific in the belt feeders is valued to create significant sales over the forecast period.
On the country level, China, South Korea, Australia and ASEAN countries anticipated to create dominance in the Asia Pacific industrial air heater market due to the increasing manufacturing facilities and growing industrial hub in the country.
Europe is stipulated to follow by the Asia Pacific and is likely to account for positive growth in the belt feeders. Whereas, Latin America and Middle East & Africa are being considered next growth markets of the belt feeders and anticipated to follow the same trend in forecast year.
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Global Belt Feeders Market: Market Participants
Some key players involved in the belt feeders market include
- Tecnetics Industries Inc.
- Brabender Technologie GmbH & Co. Kg.
- FEECO International Inc.
- Don Valley Engineering
- Maschinen Fabrik (India) Private Limited
- Metso Corporation
- Sigma Instrumentation
- Merrick Industries
- Tenova S.p.A.
- TEREX
- Metso
- HASLER KOMATSU
- MERRICK Industries
- Sandvik
- Nordberg
- Northern Heavy Industries
- SAIMO
- Hengyang Conveying Machinery
- Hongxing Machinery
- Jianye Heavy Industry
- Norban’s Automate
- RCR Mining
- Haihui Group
The research report presents a comprehensive assessment of the belt feeders market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to belt feeders market segments such as product type and application.
The market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on belt feeders market segments and geographies.
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Belt Feeders Market: Segmentation
Globally, the belt feeders market can be segmented on the basis of product type and application.
Product Type:
- Flat Belt
- Groove Type Belt
Application:
- Mining Industry
- Metallurgy Industry
- Chemical Industry
- Casting Industry
- Construction Industry
- Others
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