Rubber Conveyor Belts Market Research Report - Global Forecast to 2030

Rubber Conveyor Belts Market Research Report Information by Type (Light-Weight, Medium-Weight, and Heavy-Weight Conveyor Belts), by Application (Food, Mining, Construction, Airline, and Others), and by Region - Forecast till 2030

ID: MRFR/AM/6263-HCR | 100 Pages | Author: Sejal Akre | October 2023         

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Rubber Conveyor Belts Market

Rubber Conveyor Belts Market is expected to reach up to 4.4 billion and register a 5.1% CAGR during forecast period 2022-2030

Segmentation
By Type Light-Weight Medium-Weight Heavy-Weight Conveyor Belts
By Application Food Mining Construction Airline Others
Key Players
Companies Profiled   Bando Chemical Industries Ltd (Japan)    Intralox (US)    Fenner Dunlop (US)    Volta Belting Technology Ltd (Israel)    Fives (France)    Bridgestone (Japan)    ContiTech AG (Germany)    Goodyear Rubber Products. Inc (US)    Qingdao Rubber 6 Conveyer Belt Co. (China)    The Yokohama Rubber Co. Ltd (Japan).
Drivers
Market Driving Forces   Increasing use of rubber additives    Growing demand for eco-friendly conveyor belts
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 Rubber Conveyor Belts Market Overview


A conveyor belt is engineered to provide excellent rip, tear, and impact resistance in many applications, such as hard rock mining (limestone, granite, trap rock and other aggregates) and recycling. A rubber conveyor belt is made up of an abrasion resistant material, which is a blend of neoprene, nitrile, and styrene butadiene rubber (SBR) and inserted with a cloth fabric. The styrene butadiene rubber provides better durability, whereas, the neoprene and nitrile rubbers conveyor belt provide excellent chemical resistance, which resist the degrading effects of several chemicals and other petroleum-based solvents. The cloth-inserted rubber conveyor belt is an ideal for applications in various industrial machines, industrial level pads, strips, and flaps.


The major key driving factors for the growth of this market are the growing investments in construction, food and beverage, and mining activities, globally, and the increasing use of rubber additives. The growing concerns over environmental impact of mining activities and the high initial investments needed for setting up a plant are some of the factors that are hindering the market growth. However, the increasing recycling, growing per capita disposable income in countries such as China and India, growing demand for eco-friendly conveyor belts with self-cleaning, and developing economies from emerging countries, such as India, Brazil, and Argentina, are providing growth opportunity.


The global rubber conveyor belts market has seen a significant growth during the forecast period. The technology advancements in conveyor systems such as the concept of green conveyor and smart conveyor belts and the rapid industrialization are a few factors that are also contributing in the growth of this market.


Competition among rubber conveyor belts manufacturers and the government regulations to reduce carbon footprints, has encouraged the manufacturers to design the system as per the government regulations across different regions, which is considered as one of the key factors responsible for the growth of this market. 


The prominent players in the global rubber conveyor belts market include



  • Bando Chemical Industries, Ltd (Japan),

  • Intralox (US),

  • Fenner Dunlop (US),

  • Volta Belting Technology Ltd (Israel),

  • Fives (France),

  • Bridgestone (Japan),

  • ContiTech AG (Germany),

  • Goodyear Rubber Products. Inc, (US),

  • Qingdao Rubber 6 Conveyer Belt Co., (China),

  • The Yokohama Rubber Co., Ltd (Japan).


Rubber Conveyor Belts Market Segmentation:


Based on type, the global market has been segmented into



  • Light-weight,

  • Medium-weight,

  • Heavy-weight conveyor belts.


Based on application, the global market has been segmented into



  • Food,

  • Mining,

  • Construction,

  • Airline


Geographically, the global rubber conveyor belts market has been segmented into four major regions namely



  • North America,

  • Europe,

  • Asia-Pacific,

  • Rest of the world.


Asia-Pacific is estimated to hold the largest market share throughout the forecast period owing to growing mining and construction activities in Australia and China. Moreover, the rapidly growing population in countries such as China and India, the improving economic condition in Thailand, Vietnam, and India, and the growing investment in food industry are expected to further boost the demand for rubber conveyor belts in this region. However, North America is expected to witness a significant growth during the forecast period due to the growing adoption of rubber conveyor belt in the US, Mexico, and Canada. Furthermore, the developing economies in South America and Africa, is expected to accelerate the market growth in the RoW over the forecast period.


The report for global rubber conveyor belts market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.



Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology, By Application, By Vehicle type, By EndMarket
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bando Chemical Industries, Ltd (Japan), Intralox (US), Fenner Dunlop (US), Volta Belting Technology Ltd (Israel), Fives (France), Bridgestone (Japan), ContiTech AG (Germany), Goodyear Rubber Products. Inc, (US), Qingdao Rubber 6 Conveyer Belt Co., (China), and The Yokohama Rubber Co., Ltd (Japan).
  Key Market Opportunities   Growing demand for eco-friendly conveyor belts
  Key Market Drivers   Increasing use of rubber additives


Frequently Asked Questions (FAQ) :

Fives (France), Bridgestone (Japan), Volta Belting Technology Ltd (Israel), Goodyear Rubber Products. Inc, (US) and ContiTech AG (Germany) are the major contenders in the market.

The APAC region is likely to direct the market in the upcoming period.

The progress in technology is expected to create a favorable influence on the market.

A CAGR of 4.3% is expected to exert its influence in the market.

The segments of type, application, and region are helping outline the development of the market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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