In 2023, China and Germany led the global export market for belt type continuous action goods conveyors or elevators, capturing significant market shares of 17.3% and 17.08%, respectively. Italy followed distantly at 9.11%, with the United States and the Netherlands trailing closely behind at 6.86% and 6.54%. While Germany experienced moderate year-on-year growth, China showed a robust increase of 2.84%, indicating a strong competitive position. On the flip side, South Korea and Poland experienced declines of 1.78% and 2.5%, respectively, highlighting ongoing challenges in their export dynamics.
Looking ahead, growth in the global conveyor and elevator market is expected to be influenced by advancements in automation technology and increasing demand from emerging markets. Additionally, trade policies and economic performance in major exporting countries like China, Germany, and Italy will play crucial roles in shaping future trends.
Top countries in Export of Belt Type Continuous Action Goods Conveyor or Elevator Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17.3 | 2023 | +3.26% | +2.84% | View data |
| 2 | 2 Germany | 17.08 | 2023 | +1.79% | +1.2% | View data |
| 3 | 3 Italy | 9.11 | 2023 | +3.37% | +5.28% | View data |
| 4 | 4 United States | 6.86 | 2023 | +2.27% | +2.43% | View data |
| 5 | 5 Netherlands | 6.54 | 2023 | +3.53% | +1.86% | View data |
| 6 | 6 Austria | 5.68 | 2023 | +0.69% | +1.29% | View data |
| 7 | 7 South Korea | 5.29 | 2023 | -2.09% | -1.78% | View data |
| 8 | 8 Canada | 4.76 | 2023 | +3.47% | -1.36% | View data |
| 9 | 9 Denmark | 4.56 | 2023 | +3.08% | +2% | View data |
| 10 | 10 United Kingdom | 3.47 | 2023 | +3.36% | +2.37% | View data |
