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.
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.
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 covered | By Material, By Application, By End User
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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
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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:
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By Material:
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Solid Woven Belts
Steel Reinforced Conveyor Belts
Textile Reinforced Conveyor Belts
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By Application:
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Light-weight
Medium-Weight
Heavy-Weight
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By End User:
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Cement Manufacturing
Metal Processing
Mining
Power Generation
Recycling
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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.
