A kind of one-degree-of-freedom nonlinear moving belt system is considered. The analytical research of sliding region and existence conditions of equilibrium are first derived by the theory of piecewise-smooth dynamical system. Then, using numerical method, one- or two-parameter continuation of several types of periodic orbits of the system is calculated. We obtain codimension-1 sliding bifurcation curves, codimension-2 sliding bifurcation points, and global bifurcation diagram in parameter space for the system. The investigation of bifurcation behavior shows that the speed of moving belt and amplitude of friction have a great influence on dynamic behavior, and reveals the complex nonlinear dynamic phenomenon of the moving belt system.