The global belt loader market size was valued at USD 1.18 billion in 2022. The market is predicted to grow from USD 1.38 billion in 2023 to USD 2.46 billion by 2030, exhibiting a CAGR of 8.56% during the forecast period. A loader is equipped with mechanical conveyor belts that help in the unloading and loading of cargo and luggage with ease. Loaders are in various variants, such as towable, self-propelled, electric, gas, and diesel.
Fortune Business Insights™ mentioned this in a report titled “Belt Loader Market, 2023-2030.”
Information Source:
https://www.fortunebusinessinsights.com/belt-loader-market-107697
Segmentation-
Pending Backlog Share Dominated Market Share in 2022
On the basis of ownership, the market is divided into resale, new deliveries, and lease/rent.
The new delivery segment is anticipated to dominate the market growth during the projected period. The dominance of the segment is due to the supply backlog created by the adverse effects of the pandemic.
Electric System Segment to Boost the Market Owing to Incorporation of EV-based Vehicles
According to the system, the market is classified into towable, self-propelled, diesel, electric, and others.
Among all the segments, the self-propelled system dominated the largest share in 2022. The segment showed its dominance due to its strong market presence and relevance.
Wide Availability of 1000-5000 KG Weight Segment to Drive the Market Share
The market is classified as 0-1000 kg, 1000-5000 kg, and 5000 kilograms.
The 1000-5000kg segment held a dominant market share in 2022. The growth is witnessed due to the growing preference and demand for 1000-5000kg loaders as a golden mean, providing moderate to high weight capacity.
Based on region the market is segmented into North America, Asia Pacific, Europe, and the Rest of the World.
List of Key Players Present in the Report:
- Aero Specialties Inc. (U.S.)
- Charlatte Manutention SA (France)
- Darmec Technologies Srl (Italy)
- ERSEL TECHNOLOGY (Turkey)
- FAST Global Solutions (WASP Inc.) (U.S.)
- JIANGSU TIANYI AVIATION INDUSTRY CORPORATION LIMITED (China)
- Sinfonia Technology Co. Ltd. (Japan)
- Textron Ground Support Equipment Inc. (U.S.)
- TLD Group (France)
- Weihai Guangtai Airport Equipment Co. Ltd. (China)
Report Coverage-
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers Restraints-
Increase in Adoption of Self-Propelled Belt Loaders to Propel to Drive the Market Growth
A self-propelled loader propels, moves, and functions without external help or a manual. They are demanded and used for various other reasons, such as cost saving, efficiency, and precision in performance with low to no human intervention in tasks other than remote handling. High-cost maintenance and ground support equipment also the production process of belt loaders are time and cost-consuming and hence are anticipated to restrict the belt loader market growth.
Regional Insights-
North America to Drive the Market Growth Due to the Presence of Numerous Key Players In the Region
North America is dominant due to the presence of numerous prominent players in the region. The key players enable technological advancements and growth opportunities. The region has a well-established infrastructure and ecosystem for efficient avionics research and development, making the region dominant. Asia Pacific market is estimated to grow at the highest CAGR during the projected period.
Competitive Landscape-
Increase in Number of Collaborations, Partnerships, and Acquisitions to Foster Market Growth
The new trend among key players in the market is adopting new strategies such as acquisitions, partnerships, and collaborations. In order to back their position in the market, key players are expanding their business. They are indulging in mergers to continue their dominance in the market hence propelling market growth.
