Machine tapes are essential for manufacturing operations. They deliver, speed up, slow down, position and, when required, fold the processed paper material. The machine tapes provide effective and comprehensive belting solutions to the industry that are extremely reliable, have constant grip, and offer long service lives. Depending upon requirements of the applications the belts have polyamide core with fabric or rubber as friction covers.This growth is primarily driven by Upsurge in Demand of Packaged Foods and Increasing Automation in Material Handling.
Globally, a noticeable market trend is evident Upsurge in Demand for Steel Cord Conveyor Belts
. Major Manufacturers, such as Habasit (Switzerland), Stiles Enterprises, Inc. (United States), Zeon Belts Private Limited (India), VIS (Germany), Splawn Belting (United States), Rotrans Belting (Netherlands), Alliance Plastics (United States) and Omni Group (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On December 12, 2019 - Habasit, the world-leading conveyor and processing belting solutions company acquired Namil Belt Industrial Co., Ltd. and Korea Belt Services in South Korea. The acquisitions strengthen Habasitís level of service for customers in the South Korean market.
- Upsurge in Demand of Packaged Foods
- Increasing Automation in Material Handling
- Upsurge in Demand for Steel Cord Conveyor Belts
- Technological Advancements in Conveyor Systems
- Stiff Competition among the Major Players
Rising Industrialization in Developing Economies and Growing Infrastructural Activities
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase