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

Global Rubber Conveyor Belt Market size was valued close to USD 3.6 billion in 2018 and is estimated to exhibit growth close to 3.8% CAGR from 2019 to 2026.

Global Rubber Conveyor Belt Market

Get more details on this report - Request Free Sample PDF

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. Furthermore, 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.

Rubber Conveyor Belt Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 3.63 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 3.8% 2026 Value Projection: 4.87 Billion (USD)
Pages: 250 Tables, Charts & Figures: 415
Geographies covered (18): U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Thailand, Laos, Brazil, Mexico, Argentina, Chile, Peru, South Africa, Saudi Arabia, UAE
Segments covered: Material, Application, End-use Industries
Companies covered (22): ContiTech, Fenner, Bridgestone, YOKOHAMA, Bando, Trelleborg, Garlock, LUTZE, ARTEGO, Oxford Rubbers and SIG Società Italiana Gomma
Growth Drivers:
  • Growth in the mining industry
  • Advancements in steel and cement industry
  • Regular developments in the power generation sector
  • Low cost of rubber conveyor belts
  • Transportability to longer distances
Pitfalls & Challenges:
  • Involvement of high initial set up cost
  • High maintenance cost in heavy lifting industries

Get more details on this report - Request Free Sample PDF

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. Additionally, increasing infrastructural and construction activities especially in the developing countries is also boosting the conveyor belts usage. 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 also 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.

The rubber conveyor belts are also used to carry heavy loads or rocks in industries such as hard rock mining and surface mining. The product is used to carry materials/loads, components or parts smeared with machinery oil or heavy-oil treated coal used in electric power generating plants, coking plants or other oily materials. These transporting belts are made of flame resistant materials and are used in power generation, chemical, metallurgical and grain processing industries, under flammable or explosive environment inside coal mines. 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. The aforementioned trends related to rubber conveyor belt market will influence the global industry size by 2026.

Setting up of rubber conveyor belts in the manufacturing facilities are subjected to high capital investments. Moreover, it requires for setting up the machinery and infrastructure, utilities, and labor with technical and specialized skills, etc. Longer payback periods and prolonged return on investment are the barriers that can induce a lack of interest among investors. Without sufficient capital, it is very difficult for manufacturers to put conveyor lines in their facilities to sustain in volatile market conditions.

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

Commodity textile Vs performance textile

Get more details on this report - Request Free Sample PDF

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 due to the high impact resistance, abrasion resistance, superior mechanical properties and low cost. However, it is expected to grow at a sluggish rate due to 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

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 in the near future and will boost the rubber conveyor belt market size.

Power generation industry to show high consumption patterns

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. Coal is transported in large quantities over long distances as the belt provides various benefits such as flame resistance, heat resistance, abrasion resistance, oil resistance, etc. 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 due to rising population and favorable economic trends, that is projected to fuel the conveyor belts usage in power generation organizations. This in turn will boost the global rubber conveyor belt market size from 2019 to 2026.

Asia Pacific is set to achieve the dominant position

Mining sector to be the dominant end-user in Asia Pacific

Get more details on this report - Request Free Sample PDF

Asia Pacific region in global rubber conveyor belt market is responsible for roughly half of the global mining explorations and will witness tremendous advancement due to 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 market share contributors in the rubber conveyor belt market comprises of ContiTech, Bridgestone, Fenner Dunlop, Yokohama, Bando, Trelleborg, Garlock, ARTEGO, LUTZE, Oxford Rubbers and SIG Società Italiana Gomma, etc.

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.

 Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Premium Report Details

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

Get a report that explains COVID-19 impact on this market, request a free sample now

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X