Rubber Conveyor Belt Market Size By Material (Steel Reinforced Conveyor Belts, Textile Reinforced Conveyor Belts, Solid Woven Belts [Performance Textiles, Commodity Textiles]), By Application (Light-weight, Medium-weight, Heavy-weight), By End-use (Mining, Cement Manufacturing, Power Generation, Recycling, Metal Processing), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Published Date: Oct 2019  |  Report ID: GMI4411  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 250   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Rubber Conveyor Belt Market size valued at USD 3.6 billion in 2018 and is estimated to exhibit around 3.8% CAGR from 2019 to 2026. The growing rate of mining explorations and manufacturing activities around the world is positively surging the sale of rubber conveyor belts. These heavy-duty conveyor belts aids in transporting bulk items, finished products and raw materials over long distances with ease saving plenty of time. It is one of the popular products in industrial operations as it makes the movement of the products much efficient and streamlined.
 

Rubber Conveyor Belt Market

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The rubber conveyor belts offer cost effectiveness as it minimizes various labor-oriented processes. All rubber conveyor belts comprise of two basic elements i.e., central resistant carcass and top & bottom rubber covers. The central resistant carcass provides extensive mechanical properties such as elongations and tensile strength. Whereas the rubber covers defends these carcasses in order to deliver long life and safety under harsh working conditions.
 

The COVID-19 pandemic has disrupted the business process functions of several industries across the globe. Lockdown enforced in several countries to prevent the spread of COVID-19 is likely to have an adverse impact on several end-user industries. The declined sales of rubber conveyor solutions have adversely impacted the conveyor market demand during the first quarter of 2020. According to the Q1 2020 report of Continental Corporation, the sales of ContiTech division were lower by 3.3% compared to Q1 2019.
 

The presence of several conveyor belt manufacturing facilities in the European region and an exponential rise in COVID-19 cases in Europe have adversely affected the overall industry growth. The major end-users of the rubber conveyor belt market, such as mining and general manufacturing, among others, have witnessed a major blow to their business. The general manufacturing and mining sectors were at a standstill in most of the countries across the globe, thereby substantially affecting the overall rubber conveyor belt demand in 2020.
 

Tremendous competition in manufacturing and mining industries

Heavy competition and industrial operation surge in the manufacturing, power generation, and mining industries is one of the major factors driving the widespread consumption of the rubber conveyor belts. These heavy industries to survive the intense competition rely on advanced technologies and practices to escalate its productivity incurring minimum time, cost and labor. Increasing infrastructural and construction activities especially in the developing countries is also boosting the rubber conveyor belt market.
 

The rubber conveyor belts are used to transfer different forms of materials from one place to another for various end use industries. It is helpful in reducing the material handling problems and with this the product can be easily transferred to desired location without any loss of material. The product also helps in transporting raw materials to different processes or equipments and to take the processed material or final product to next destination. Rubber conveyor belts are proven quite effective in reducing the operation time or production time in all end use industries.
 

Increasing industrial development activities and a decent growth in mining sector of emerging economies such as India, China, Indonesia, Brazil, etc. are the prime aspects influencing the usage of rubber conveyor belts.
 

Commodity textile reinforced conveyor belts will continue to lead as the major material segment

Commodity textile Vs performance textile

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Textile reinforced conveyor belts are majorly utilized materials applied in the rubber conveyor belts due to excessive use of belts made from polyester and nylon carcass in industries ranging from mining, cement manufacturing, recycling, power generation, metal processing and others. Textile reinforced are further categorized into performance textiles and commodity textiles.
 

Commodity textiles belts are most popularly used owing to the high impact resistance, abrasion resistance, superior mechanical properties and low cost. However, it is poised to grow at a sluggish rate led by its poor dimensional stability and lower resistance to moisture. Although, these are ideal for transporting materials that are within a facility or manufacturing plant. Increasing requirement for better and fast material handling solutions will likely give an up thrust to the overall rubber conveyor belt market demand.
 

Heavy weight conveyor belts continue to hold top spot in

Heavy weight conveyor belts are primarily used where high impact durability and belt strength is required such as in hard rock mining and surface or underground mining, where a high tonnage of abrasive material needs to be transported quickly and efficiently. Mines operate 24/7 and any type of downtime is expensive, so rapid service and replacements are essential. Improving mining techniques, commercialization and allocation of lands for mining in most of the developing nations along with investments done by governments in infrastructural developments is sure to escalate the product usage.
 

Power generation industry to show high consumption patterns

Power generation application of rubber conveyor belt market is expected to observe 6.4% CAGR through 2026. Rubber conveyor belts are used for continuous transportation of coal from unloading points to storage sites or from storage sites to boilers in thermal power plants. According to International Energy Agency, global electricity demand was increased by 4% in 2018 and electricity generation from coal and gas-fired power plants also increased significantly. Worldwide power consumption is increasing on account of rising population and favorable economic trends, that is projected to fuel the conveyor belts usage in power generation organizations.
 

Asia Pacific is set to achieve the dominant position

Asia Pacific Rubber Conveyor Belt Market

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Asia Pacific rubber conveyor belt market is responsible for roughly half of the global mining explorations and will witness tremendous advancement led by rising consumption of numerous minerals and lucrative investments. China and India are the leading producers of steel and cement, along with various other natural resources, and their demand will be driven by infrastructure development plans, commercial & residential projects in upcoming years.
 

Major rubber conveyor belt market players comprise of ContiTech, Bridgestone, Fenner Dunlop, Yokohama, Bando, Trelleborg, Garlock, ARTEGO, LUTZE, Oxford Rubbers and SIG Società Italiana Gomma, etc.
 

This market research report on rubber conveyor belt includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2014 to 2025, for the following segments:

Market By Material

  • Steel reinforced conveyor belts
  • Textile reinforced conveyor belts
    • Performance textiles
    • Commodity textiles
  • Solid woven belts

Market By Application

  • Light weight
  • Medium weight
  • Heavy weight

Market By End-user Industry

  • Mining
    • Coal
    • Metals
    • Others
  • Cement manufacturing
  • Power generation
  • Recycling
  • Metal processing
  • Others

The above information is provided on a regional and country basis for the following:

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

 

Frequently Asked Questions (FAQ) :

The market size of rubber conveyor belt was exceeded USD 3.6 billion in 2018.
The industry share of rubber conveyor belt is expected to expand at 3.8% CAGR from 2019 to 2026.
Heavy competition and industrial operation surge in the manufacturing, power generation, and mining industries, low cost of rubber conveyor belts along with transportability to longer distances are driving the industry growth, says analysis report by Global Market Insights, Inc.
According to this report, textile reinforced conveyor belts are majorly utilized materials applied due to excessive use of belts made from polyester and nylon carcass in industries ranging from mining, cement manufacturing, recycling, power generation, metal processing and others.
Report estimates, rubber conveyor belt market size was valued close to USD 3.6 billion in 2018.

Premium Report Details

  • Published Date: Oct 2019
  • Pages: 250
  • Tables: 396
  • Charts / Figures: 19
  • Companies covered: 22
  • Countries covered: 18

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