What's driving the Rubber Conveyor Belt Market growth? Key Players are: Bridgestone, YOKOHAMA, ContiTech, Fenner, Trelleborg, LUTZE, Bando, Garlock, SIG Societ Italiana Gomma, Oxford Rubbers and ARTEGO etc.

Market Study Report Has Added A New Report On Rubber Conveyor Belt Market That Provides A Comprehensive Review Of This Industry With Respect To The Driving Forces Influencing The Market Size. Comprising The Current And Future Trends Defining The Dynamics Of This Industry Vertical, This Report Also Incorporates The Regional Landscape Of Rubber Conveyor Belt Market In Tandem With Its Competitive Terrain.

Rubber Conveyor Belt Market is expected to exceed USD 4 billion by 2026. Growing industrial usage for cleaning agents will propel the industry growth in the upcoming years.

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Some major findings of the rubber conveyor belt market report include:

- The surging global demand across power generation, mining, and manufacturing industries will propel the rubber conveyor belt usage

- The high versatility, lightweight nature, and cost-effectiveness have made conveyor belts highly popular across various end-use industries

- Asia Pacific holds the major share in the overall rubber conveyor belt market due to significant presence of the end user industries such as mining, power generation, general manufacturing, recycling, etc.

- The steel cord reinforced conveyor belts have high tensile strength at maximum conveying capacity as well as excellent impact resistance, they also exhibit only slight elongation even over long conveyor distances.

- North America and Europe will show sluggish growth rate in comparison to other regions due to more adoption of renewable sources for power generation and slow growth rate in mining and other manufacturing sectors

Intensifying rubber conveyor belt usage in the mining industry will likely enhance the product use during the forecast timespan. These are widely used in underground mining and open pit mining applications as they offer efficient transportation services of bulk materials over short, medium, and long distances through topographically difficult terrains having steep angles. For long-distance coal conveying, these belts are preferred due to their anti-abrasive, flame-resistant, heat resistant, and oil-resistant properties and power savings capability. Moreover, increasing population and improving economic conditions are leading to an increase in the utilization for commodities, such as iron ore, coal, and copper, fueling the growth of mining industry. This is also directly bolstering the usage for rubber conveyor belts by 2026.

However, the expense for setting up conveyor belts in a plant or in a mine is considerably high. Furthermore, the maintenance and replacement cost of the product incurs a huge expenditure that may hamper the rubber conveyor belts market in the forecast span. Nevertheless, its property to minimize the labor and transportation cost may bring ample prospects for the rubber conveyor belt industry by 2026.

On the basis of materials, the industry is classified into steel reinforced belts, textile reinforced belts and solid woven belts. The textile reinforced belts are then further bifurcated into commodity textiles and performance textiles. The textile reinforced rubber conveyor belts carcass is made up from nylon and polyester blends, providing high strength, along with exceptionally good abrasion and fatigue resistance. It also provides extremely low moisture absorption, good dimensional stability, that generated a revenue over USD 3 billion in 2018.

Based on its application, the rubber conveyor belt market is categorized into light weight, medium weight, heavy weight. Rubber conveyor belt for light weight applications is projected to grow with a CAGR over 3% by 2026. The tensile strength of these belts are generally lower and are mainly used in applications for carrying light weights within a plant or production facility.

According to the end-use industries, the industry is characterized into mining, cement manufacturing, power generation, recycling, metal processing, and few others. The mining industry is further classified into coal, metals and few other mines. Mining industry will be the largest end-user in the forecast timeframe recording over 41% share in 2018.

North America rubber conveyor belt market will be primarily driven by the demand from mining and manufacturing industries. The U.S. in one of the major mining countries of the world with the regional mineral deposits ranging from various ferrous and non-ferrous metals. The prevalence of several mining companies in the region will boost the regional product demand. In terms of revenue, the industry is estimated to reach over USD 1.5 billion by 2026.

Crucial rubber conveyor belt manufacturers consists of Bridgestone, YOKOHAMA, ContiTech, Fenner, Trelleborg, LUTZE, Bando, Garlock, SIG Societ? Italiana Gomma, Oxford Rubbers and ARTEGO etc.

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Report Content

Chapter 1. Methodology & Scope

1.1. Methodology

1.2. Market definition

1.3. Market estimation & forecast parameters

1.4. Data sources

1.4.1. Primary

1.4.2. Secondary

1.4.2.1. Paid sources

1.4.2.2. Public sources

Chapter 2. Executive Summary

2.1. Rubber conveyor belt industry 360 degree synopsis, 2016 - 2026

2.1.1. Business trends

2.1.2. Materials trends

2.1.3. Application trends

2.1.4. End-user trends

2.1.5. Regional trends

Chapter 3. Rubber Conveyor Belt Industry Insights

3.1. Industry segmentation

3.2. Industry size and forecast, 2016 - 2026

3.3. Industry ecosystem analysis

3.3.1. Profit margin

3.3.2. Value addition at each stage

3.3.3. Distribution channel analysis

3.3.4. Vendor matrix

3.3.4.1. List of key manufacturers/supplier

3.3.4.2. List of key/potential customers

3.4. Innovation & sustainability

3.4.1. Patent analysis

3.4.2. Technology landscape

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