Rubber Conveyor Belt Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook

Rubber Conveyor Belt Market Size- By Material, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Rubber Conveyor Belt Market Size- By Material, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: IACT23211 Pages: 1 - 218 Formats*:     
Category : Information & Communications Technology
Rubber Conveyor Belt Market Introduction and Overview 

According to SPER Market Research, the Global Rubber Conveyor Belt Market is estimated to reach USD 5.88 billion by 2033 with a CAGR of 4.3%.

The report includes an in-depth analysis of the Global Rubber Conveyor Belt Market, including market size and trends, product mix, applications, and supplier analysis. Conveyor belts are used for moving products from one place to another. They are usually used to connect assembly lines to packing and final inspection lines, as well as for short-distance mobility within a facility. After being placed on the belt, the material needs to be delivered either horizontally or slopingly to reach its destination. This method involves rotating the belt in continuous circles using two or more pulleys. Conveyor belts' great versatility, low weight, and affordability make them popular in many different industries. A primary driver of the global conveyor belt market is the increasing demand from the mining, power, and industrial sectors.

  • July 2021: A coal mine in Queensland's Central Bowen Basin had to change its existing equipment to reverse the grade of its conveyors. As an alternative to moving uphill from tail to head, all primary gate conveyors would go downward. An energy-generating downhill conveyor system was built, supplied, and put into service by Fenner Dunlop in answer to a challenging engineering problem.
  • August 2020: The building of a $23.5 million facility in Kwinana, Western Australia, has been announced by Fenner Dunlop. Fenner Dunlop and Siempelkamp have extended their long-standing partnership in the manufacturing of superior conveyor belts by working together to commission the third line, which includes the best multi-piston press in the world and associated machinery. The plant's capacity will increase by fifty percent with the addition of the extra press line. It is anticipated that work on the site will start in March 2021 and be finished in December 2021. The new press line will start full production in January 2022.
Rubber Conveyor Belt Market
Market Opportunities and Challenges
Rubber conveyor belts are typically employed in application sectors like hard rock and surface mining to move large, heavy loads and materials. These transportation belts are made of materials that are extremely flame resistant, and the product is mostly used for carrying goods, parts, or components that are smeared with heavy oil or coal that has been treated with machinery oil.

Growing concerns over the environmental impact of mining activities and the high initial costs required to set up a plant are among the major factors boosting the market. Other factors driving the rubber conveyor belts market growth include rising regular developments in the power generation sector, rising low cost of rubber conveyor belts, increasing transportability to longer distances, growing investments in construction, food and beverage, and mining activities worldwide. Furthermore, throughout the previously mentioned forecast period, the rubber conveyor belts market will witness new opportunities due to rising demand from emerging nations, modernization of production practices, and increasing technical breakthroughs.

Nonetheless, among other things, the heavy lifting industries' growing engagement with expensive initial setup and maintenance costs is a major factor limiting market expansion and will pose additional challenges to the rubber conveyor belts market during the aforementioned projected period. The market for rubber conveyor belts is prone to changes in the cost of raw materials like steel and rubber. These price swings have the potential to hurt manufacturers' bottom lines and impede market expansion. Moreover, conveyor belt disposal that is defective or old presents environmental problems. To solve these issues, the industry is putting more and more emphasis on recycling and sustainable production techniques. These programmes, however, come with a supplementary cost that may serve as a constraint.

Rubber Conveyor Belt Market


Market Competitive Landscape
There is fierce competition among the major players in the rubber conveyor belt market as they compete for market share. To obtain a competitive edge, these firms concentrate on strategic alliances, product innovation, mergers and acquisitions, and regional development. A few more elements that influence the competitive environment are price, customer service, product quality, and brand reputation. The major players in the Global Rubber Conveyor Belt market include: Bando Chemical Industries Ltd., Bridgestone Corporation, Fenner Grouo Holdings Ltd., Mitsuboshi Belting Ltd/JP, Muller Beltex B.V., Oriental Rubber Industries Pvt. Ltd., Oxford Rubbers Pvt. Ltd., The Yokohama Rubber Co. Ltd., T-Rex Rubber International B.V., Wuxi Boton Belt Co. Ltd., Others.

Scope of the Report:

 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Material, By Application, By End User
 Regions coveredNorth America, Asia-Pacific, Latin America, Middle East & Africa and Europe
 Companies CoveredBando Chemical Industries Ltd., Bridgestone Corporation, Fenner Grouo Holdings Ltd., Mitsuboshi Belting Ltd/JP, Muller Beltex B.V., Oriental Rubber Industries Pvt. Ltd., Oxford Rubbers Pvt. Ltd., The Yokohama Rubber Co. Ltd., T-Rex Rubber International B.V., Wuxi Boton Belt Co. Ltd., Others
COVID-19 Impact on Global Rubber Conveyor Belt Market
The market for rubber conveyor belts was affected by the COVID-19 outbreak in many ways. While some sectors of the economy, including mining and construction, temporarily shrank, other sectors, like e-commerce and food processing, saw growth in demand. The pandemic brought attention to the significance of automated and effective material handling systems, which in turn refocused attention on conveyor belt technologies.

Key Target Audience:
  • Companies offering maintenance and repair services for conveyor systems
  • Distributors and Dealers
  • Engineering and Design Firms
  • Industries that use conveyor belts in their operations, such as mining, manufacturing, food processing, packaging, and logistics
  • Investors interested in the industrial and manufacturing sector, including conveyor belt manufacturing
  • Manufacturers and Suppliers
  • Providers of aftermarket services, including spare parts and accessories for conveyor belts
  • Others
Our in-depth analysis of the Rubber Conveyor Belt Market includes the following segments:
By Material:
  • Solid Woven Belts
  • Steel Reinforced Conveyor Belts
  • Textile Reinforced Conveyor Belts
  • By Application:
  • Light-weight
  • Medium-Weight
  • Heavy-Weight
  • By End User:
  • Cement Manufacturing
  • Metal Processing
  • Mining
  • Power Generation
  • Recycling
  • Key Topics Covered in the Report:
    • Global Rubber Conveyor Belt Market Size (FY’2023-FY’2033)
    • Overview of Global Rubber Conveyor Belt Market
    • Segmentation of Global Rubber Conveyor Belt Market By Material (Solid Woven Belts, Steel Reinforced Conveyor Belts, Textile Reinforced Conveyor Belts)
    • Segmentation of Global Rubber Conveyor Belt Market By Application (Light-weight, Medium-Weight, Heavy-Weight)
    • Segmentation of Global Rubber Conveyor Belt Market By End User (Cement Manufacturing, Metal Processing, Mining, Power Generation, Recycling)
    • Statistical Snap of Global Rubber Conveyor Belt Market
    • Expansion Analysis of Global Rubber Conveyor Belt Market
    • Problems and Obstacles in Global Rubber Conveyor Belt Market
    • Competitive Landscape in the Global Rubber Conveyor Belt Market
    • Impact of COVID-19 and Demonetization on Global Rubber Conveyor Belt Market
    • Details on Current Investment in Global Rubber Conveyor Belt Market
    • Competitive Analysis of Global Rubber Conveyor Belt Market
    • Prominent Players in the Global Rubber Conveyor Belt Market
    • SWOT Analysis of Global Rubber Conveyor Belt Market
    • Global Rubber Conveyor Belt Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Rubber Conveyor Belt Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Rubber Conveyor Belt Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Rubber Conveyor Belt Market

    7. Global Rubber Conveyor Belt Market, By Material (USD Million)
    7.1. Global Rubber Conveyor Belt Market Value Share and Forecast, By Material, 2023-2033
    7.2. Solid Woven Belts
    7.3. Steel Reinforced Conveyor Belts
    7.4. Textile Reinforced Conveyor Belts

    8. Global Rubber Conveyor Belt Market, By Application (USD Million)
    8.1. Global Rubber Conveyor Belt Market Value Share and Forecast, By Application, 2023-2033
    8.2. Light-weight
    8.3. Medium-Weight
    8.4. Heavy-Weight

    9. Global Rubber Conveyor Belt Market, By End User (USD Million)
    9.1. Global Rubber Conveyor Belt Market Value Share and Forecast, By End User, 2023-2033
    9.2. Cement Manufacturing
    9.3. Metal Processing
    9.4. Mining
    9.5. Power Generation
    9.6. Recycling

    10. Global Rubber Conveyor Belt Market Forecast, 2019-2033 (USD Million)
    10.1. Global Rubber Conveyor Belt Market Size and Market Share

    11. Global Rubber Conveyor Belt Market, By Material, 2019-2033 (USD Million)
    11.1. Global Rubber Conveyor Belt Market Size and Market Share By Material (2019-2026)
    11.2. Global Rubber Conveyor Belt Market Size and Market Share By Material (2027-2033)

    12. Global Rubber Conveyor Belt Market, By Application, 2019-2033 (USD Million)
    12.1. Global Rubber Conveyor Belt Market Size and Market Share By Application (2019-2026)
    12.2. Global Rubber Conveyor Belt Market Size and Market Share By Application (2027-2033)

    13. Global Rubber Conveyor Belt Market, By End User, 2019-2033 (USD Million)
    13.1. Global Rubber Conveyor Belt Market Size and Market Share By End User (2019-2026)
    13.2. Global Rubber Conveyor Belt Market Size and Market Share By End User (2027-2033)

    14. Global Rubber Conveyor Belt Market, By Region, 2019-2033 (USD Million)
    14.1. Global Rubber Conveyor Belt Market Size and Market Share By Region (2019-2026)
    14.2. Global Rubber Conveyor Belt Market Size and Market Share By Region (2027-2033) 
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America

    15. Company Profile
    15.1. Bando Chemical Industries Ltd.
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Bridgestone Corporation
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Fenner Grouo Holdings Ltd.
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. Mitsuboshi Belting Ltd/JP
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Muller Beltex B.V.
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Oriental Rubber Industries Pvt. Ltd.
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. The Yokohama Rubber Co. Ltd.
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. SEO Valley Solutions Private Ltd.
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. T-Rex Rubber International B.V.
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Wuxi Boton Belt Co. Ltd.
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Others 
     
    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Rubber Conveyor Belt Market is projected to reach USD 5.88 billion by 2033, growing at a CAGR of 4.3% during the forecast period.
    Rubber Conveyor Belt Market grew in market size from 2023. The Market is expected to reach USD 5.88 billion by 2033, at a CAGR of 4.3% during the forecast period.
    Rubber Conveyor Belt Market CAGR of 4.3% during the forecast period.
    You can get the sample pages by clicking the link -Click Here
    Rubber Conveyor Belt Market size is USD 5.88 billion from 2023 to 2033.
    Rubber Conveyor Belt Market Segment is Covered By Material, By Application, By End User
    The North America region is anticipated to have the highest market share in Rubber Conveyor Belt Market.
    The key players in the market include Companies Covered Bando Chemical Industries Ltd., Bridgestone Corporation, Fenner Grouo Holdings Ltd., Mitsuboshi Belting Ltd/JP, Muller Beltex B.V., Oriental Rubber Industries Pvt. Ltd., Oxford Rubbers Pvt. Ltd., The Yokohama Rubber Co. Ltd., T-Rex Rubber International B.V., Wuxi Boton Belt Co. Ltd., Others
    They are usually used to connect assembly lines to packing and final inspection lines, as well as for short-distance mobility within a facility.
    Not able to find what you are looking for? Need customization in the existing report?
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