Global Food Belt Market – Introduction
Food belts are majorly installed to carry packed or unpacked foods from one point to another. These belts have two or more pulleys, which help the belt to rotate continuously. Food materials that need to be transported are placed on the belt and the rotating conveyor carries it to the end point of the belt. Moreover, food belts are used to transport cooked or uncooked food within company premises. Key requisites of food belts are their uniformity and thickness.
Global Food Belt Market – Competition Landscape
THE YOKOHOMA RUBBER CO., LTD.
THE YOKOHOMA RUBBER CO., LTD. was founded in 1917 and is headquartered in Minato, Tokyo, Japan. It is a company under The Furukawa Group and has presence in 120 countries with 26,000 employees across the globe. In July 2016, the company acquired India-based Alliance Tire Group. The company operates their business in different segments, including tires, wheels, sports, hose and couplings, conveyor belts, marine hoses, pneumatic fenders, hematite (sealants & adhesives), and aerospace products. Some of their key conveyer belt compounds are heavy-duty compounds belts, energy saving belts, heat resistant belts, non-stick belts, oil resistant belts, and flame resistant belts.
Incorporated in 2004, ContiTech AG is headquartered in Hanover, Germany. The company specializes in rubber and plastic technology. However, it also produces and develops components, functional parts, and systems for commercial vehicle, automotive, rail vehicle, aerospace, and other industries. ContiTech sells its products globally through online and offline distribution channels. The company also manufactures and provides maintenance services of conveyor belts in 30 countries. Furthermore, their conveyer belts are DIN EN ISO 900, DIN ISO 14001, DIN ISO 50001, OHSAS 18001, and ISO/IEC 17025 certified.
Major companies operating in the global food belt market are THE YOKOHOMA RUBBER CO., LTD., ContiTech AG, Fenner Group Holdings Ltd., Bridgestone Corporation, Intralox, L.L.C., Siban Peosa SA, Continental Belting Private Limited, Sempertrans Conveyor Belt Solutions GmbH, Bando Chemical Industries, Ltd., and Elastomerik Belts Private Limited.
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Global Food Belt Market – Driver
Increase in Number of Food & Beverage Manufacturing Units
Growth of food & beverages industry in emerging economies, including China, India, Brazil, Mexico, and South Africa due to various supporting initiatives by respective governments, is expected to drive the food belt market in the near future. In the food industry, it is necessary to reduce the operational time for quick production. Food belts can subsequently decrease the operational cost, material losses, and time. In addition, automation solutions in manufacturing plants can decrease labor cost as, labor cost in developed countries is very high. Furthermore, rise in the number of food manufacturing units globally will boost the market growth.
Global Food Belt Market – Segmentation
The global food belt market can be segmented on the basis of:
Global Food Belt Market, by Material
In terms of material, the global food belt market can be divided into:
Global Food Belt Market, by Product
Based on product, the global food belt market can be segregated into:
- Flat Belt
- Modular Belt
- Cleated belt
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Global Food Belt Market, by Installation
On the basis of installation, the global food belt market can be categorized into:
The report on the global food belt market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on market segments across regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.