Rubber Conveyor Belt Market Size By Material (Steel Reinforced, Textile Reinforced [Performance Textiles, Commodity Textiles], Solid Woven Belts), By Application (Light Weight, Medium Weight, Heavy Weight), By End-use (Mining [Coal, Metal], Cement Manufacturing, Power Generation, Recycling, Metal Processing), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: May 2021  |  Report ID: GMI4411  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 279   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Rubber Conveyor Belt Market size exceeded USD 3.3 billion in 2020 and will showcase a growth rate of over 3.7% CAGR from 2021 to 2027. Rising mining & exploration activities across the globe. Furthermore, a positive outlook of the metal processing sector coupled with the high popularity of rubber belts in heavyweight applications is a key trend in the market. Rubber conveyor solutions offer several advantages including cost-effectiveness, enhanced operational speed, and high impact resistance.

Rubber Conveyor Belt Market

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The integration of new technologies, such as automation and the Internet of Things (IoT), with rubber conveyor solutions offers advantages including low-operational costs, reduction in maintenance costs, and prevention of belt failure will support the market statistics. Several manufacturers are strategically entering into partnerships with tech giants to integrate new technologies in their conveyor solutions and thereby enhancing solution safety & reduced operational costs. For instance, in February 2019, Transco Industries entered into a partnership with Semtech Corp. According to the partnership, Semtech Corp will provide LoRa devices and wireless radio frequency technology to Transco’s existing and new conveyor belting solutions.

The growing cement manufacturing sector across the globe owing to rising infrastructure development and the proliferating residential construction sector will drive the demand for rubber conveyor belts. Several governments are offering funds and subsidies for affordable housing and also supporting infrastructural development. In addition, the proliferating tourism sector and the establishment of new luxury hotels will fuel the cement manufacturing sector, thereby supporting the rubber conveyor belt market.

The COVID-19 pandemic has adversely disrupted the business process functioning of several industries globally. The exponential rise in COVID-19 cases in Europe during the first half of 2020 along with countrywide lockdown by several economies including India, Spain, Brazil, France, and the UK, among others in H1 of FY2020 has disrupted the whole demand-supply scenario. Declined sales of conveyor solution in FY 2020 has shown severe adverse effects on the global market. For instance, in March 2021, Continental AG released its annual report for FY2020 where it stated that the sales of the ContiTech division were lowered by 13% compared to FY2019.

Textile reinforced belts dominate the market owing to good mechanical properties

Textile reinforced conveyor belts dominated the rubber conveyor belt market with around 85% volumetric share in 2020. Textile reinforced solutions offer several advantages including good abrasion resistance, fire resistance, low rolling resistance, cold & frost resistance, and others. Moreover, this type of solution is cost-effective for shorter conveying distances compared to steel reinforced conveyor belts. Textile reinforced conveyor belts are used widely in mining, recycling, cement manufacturing, metal processing, power generation, and other industries. The segment is further bifurcated into performance textiles and commodity textiles. Commodity textiles are mainly used due to easy availability, superior mechanical properties, and low cost.

A positive outlook for the construction sector to support medium weight conveyor belt adoption

Medium weight rubber conveyor solution holds substantial shares in the overall market and is expected to generate USD 2.2 billion in revenue by 2027. This type of solution is mainly used in waste & recycling plants, gravel & sand plants, cement manufacturing plants, the iron & steel sector, and others. The proliferating construction sector globally will boost the demand for cement, steel & other construction materials. These types of belts are also made resistant to heat, flame, and oil to widen the area of application.

The mining industry dominates the market with high product consumption

Rubber Conveyor Belt Market, By End-user

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The mining sector is one of the major consumers of rubber conveyor belts for carrying materials from mines to processing plants. The segment captured more than 41% of the rubber conveyor belt market revenue share in 2020. Excellent Indentation Rolling Resistance (IRR) of advanced rubber compound materials, such as eXtraLowLoss-Rubber Compound “XLL”, enables users to minimize power consumption by around 30%. However, conditions in the mining sector are highly aggressive and rubber offers good resistance to harsh environmental conditions. Innovative corrosion-resistant rubber tank linings enable mine users to minimize downtime and expensive repairing.

The North American industry to grow with the rising mining & manufacturing sectors

Rubber Conveyor Belt Market, By Region

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The North America rubber conveyor belt market is poised to surpass over USD 384.53 million in revenue by 2027. The growing manufacturing and mining sectors in the U.S. and Canada are driving the regional product demand. The U.S. is one of the major producers of cement & cement products and the rising construction sector in the region will drive the market revenue. Additionally, the presence of several conveyor solution manufacturers in the region coupled with the presence of a wide range of steel and power generation companies will support industry expansion.

Mergers & acquisitions and establishment of new production facilities are among key initiatives enhancing market competitiveness

Key players engaged in the rubber conveyor belt market include ContiTech AG, Bridgestone Corporation, Fenner Group Holdings Limited, LUTZE, ARTEGO, and Oxford Rubbers, among others. Industry participants are engaged in mergers & collaborations, strategic partnerships, R&D investments, and integration with several mining projects, among others to enhance their market shares. For instance, in July 2019, Lutze Conveying Sweden AB acquired EKM Eklund Materialhandling AB. This acquisition enabled Lutze to offer a wider range of products and a platform for in-depth collaboration with machine builders & industries outside the existing service network.

This market research report on rubber conveyor belt includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand sq. meter & revenue in USD million from 2017 to 2027 for the following segments:

Market, By Material (Thousand Sq. Meter) (USD Million)

  • Steel Reinforced
  • Textile Reinforced
    • Performance Textiles
    • Commodity Textiles
  • Solid Woven Belts

Market, By Application (Thousand Sq. Meter) (USD Million)

  • Light Weight
  • Medium Weight
  • Heavy Weight

Market, By End-use Industry (Thousand Sq. Meter) (USD Million)

  • Mining
    • Coal
    • Metal
    • Others
  • Cement Manufacturing
  • Power Generation
  • Recycling
  • Metal Processing
  • Others

Market, By End-use Industry (Thousand Sq. Meter) (USD Million)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia pacific
    • China
    • India
    • Japan
    • Australia
    • Malaysia
    • Indonesia
    • South Kore
    • Thailand
    • Laos
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
    • Peru
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

The rubber conveyor belt market size was valued at USD 3.3 billion in 2020 and will grow at a CAGR of 3.7% between 2021 and 2027.
Textile reinforced conveyor belts accounted for a value of 85% of the total market size in 2020 and will grow on account of numerous advantages such as low rolling resistance, abrasion resistance, fire resistance, and others.
The North America rubber conveyor industry will record a revenue of USD 384.53 million through 2027 due to the expanding mining and manufacturing sectors in Canada and the U.S.

Premium Report Details

  • Published Date: May 2021
  • Pages: 279
  • Tables: 396
  • Charts / Figures: 26
  • Companies covered: 11
  • Countries covered: 25

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