Rubber Conveyor Belt Market - Growth Insights and Development Analysis to 2026
Category: #business  By Rahul Varpe  Date: 2020-01-14
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Rubber Conveyor Belt Market - Growth Insights and Development Analysis to 2026

Rubber Conveyor Belt Market report offers in-depth analysis of the market size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and challenges.

North America rubber conveyor belt market will garner revenues in excess of USD 1.5 billion by 2026. The presence of several prominent mining companies in the region will open up promising opportunities for regional manufacturers. The U.S. is also one of the leading mining countries in the world with an extensive range of ferrous and non-ferrous metals which will complement the regional outlook.

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Asia Pacific is anticipated to account for a major share of global rubber conveyor belt market forecast. This can be largely attributed to rapid growth of mining, manufacturing, power generation, and recycling industries in the region. Europe will likely record slightly slower growth rate compared to other regions mainly due to increased adoption of renewable energy sources for power generation.

Global rubber conveyor belt market will grow substantially in the years to come mainly due to widespread demand in the mining sector. Ease and convenience of these belts in transportation of bulk materials make them best-suited for a range of open pit and underground mining applications. These belts offer excellent power saving capabilities and can efficiently transfer materials over short, medium as well as long distances, even across topographically difficult terrains with steep angles. The anti-abrasive, heat-resistant, flame-resistant and oil-resistant characteristics of rubber conveyor belts make them suitable for long-distance coal conveying. A growing global population along with robust economic growth is leading to increased utilization of resources such as coal, iron ore and copper, in turn fostering the growth of the global mining sector.

The costs for setting up of rubber conveyor belts in a mine or a plant are a considerably high. Moreover, high maintenance and replacement costs associated with these belts may slightly impede the rubber conveyor belt market growth in the coming years. However, the fact that these belts substantially reduce labor and transportation costs will present favorable opportunities for conveyor belt manufacturers worldwide.

Global rubber conveyor belt market share is segmented into textile reinforced belts, steel reinforced belts, and solid woven belts, among others based on materials. Textile reinforced rubber conveyor belts are further classified into performance textiles and commodity textiles. These belts offer excellent dimensional stability and have low moisture absorption.

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On the basis of application, rubber conveyor belt industry share is classified into light weight, medium weight, and heavy weight. Rubber conveyor belts used for light weight applications generally have lower tensile strengths. These belts facilitate transportation of lightweight materials within a plant, production or a mining facility. Light weight rubber conveyor belt market size is estimated to register a CAGR of more than 3% over 2019-2026.

Rubber conveyor belts are deployed across mining, metal processing, power generation, cement manufacturing, and recycling, among few other end-users. The mining sector is further segmented into coal, metals and others. Mining industry captured over 41% share of global rubber conveyor belt market during 2018 and will continue to be the largest end-user over the forecast timeline.

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

Partial Table of Content of Rubber Conveyor Belt Market:

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

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Chapter 2. Executive Summary

2.1. Rubber conveyor belt market 360° 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 Market 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

3.4.3. Future trends

3.5. Industry impact forces

3.5.1. Growth drivers

3.5.1.1. Growth in the mining industry

3.5.1.2. Advancements in steel and cement industry

3.5.1.3. Regular developments in the power generation sector

3.5.1.4. Low cost of rubber conveyor belts

3.5.1.5. Transportability to longer distances

3.5.2. Industry pitfalls & challenges

3.5.2.1. Involvement of high initial set up cost

3.5.2.2. High maintenance cost in heavy lifting industries

3.6. Regulatory trends

3.7. Growth potential analysis

3.8. Competitive landscape

3.8.1. Company market share, 2018

3.8.2. Brand analysis

3.8.3. Key stakeholders

3.8.4. Strategy dashboard

3.9. Porter’s analysis

3.9.1. Buyer’s power

3.9.2. Supplier’s power

3.9.3. Threat of substitutes

3.9.4. Threat of new entrants

3.9.5. Degree of competition

3.10. Regional price trends

3.10.1. Cost structure analysis

3.10.1.1.R&D cost

3.10.1.2. Manufacturing & equipment cost

3.10.1.3. Raw material cost

3.10.1.4. Distribution cost

3.10.1.5. Operating cost

3.10.1.6. Miscellaneous cost

3.10.2. Price by material

3.11. PESTEL analysis

 

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About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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