In the world economic growth, the Rubber Conveyor Belt industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Rubber Conveyor Belt market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Rubber Conveyor Belt market size will be further expanded, we expect that by 2024, The market size of the Rubber Conveyor Belt will reach XXX million $.
Overview
Rubber conveyor belts are used to carry loads and rocks in industries such as hard rock mining and surface mining. Generally, it is used for carrying loads, components, or parts smeared with heavy oil or machinery oil-treated coal. Rubber conveyor belts are manufactured from highly flame-resistant materials. The global rubber conveyor belt market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global rubber conveyor belt market is expected to witness significant growth during the forecast period, owing to low cost of rubber conveyor belts.
Market Drivers
High growth of the mining industry combined with advancements in steel and cement industry is expected to drive growth of the global rubber conveyor belt market during the forecast period. Mining industry has witnessed significant growth in the recent past, in both developed as well as emerging economies. According to the National Mining Association (NMA), every U.S. resident uses around 3.4 tons of coal and 40,000 pounds of newly mined materials each year. According to the same source, around 50% of the U.S. electricity is generated from coal and uranium. Moreover, technological advancements in steel and cement industries have increased adoption of rubber conveyor belt to carry loads and components. Thus, these factors are expected to propel the global conveyor belt market growth over the forecast period.
Market Restraint
High maintenance cost in heavy lifting industries is expected to hinder the global rubber conveyor belt market growth over the forecast period.
Regional Insights
Among regions, Asia Pacific is expected to witness significant growth in the global rubber conveyor belt market during the forecast period. This is owing to increasing mining explorations activities in emerging economies such as China and India. Furthermore, North America is expected to exhibit a lucrative growth rate over the forecast period, owing to rising consumption of numerous minerals across the region.
Competitive Section
Major companies operating in the global rubber conveyor belt market are ContiTech, Fenner, Smiley Monroe, Bridgestone, ARTEGO, Bando, LUTZE, Trelleborg, Anhui Zhongyi, and Wuxi Boton.
Key players in the market are focused on product launches, in order to expand product portfolio. For instance, in November 2017, Fenner Dunlop plc introduced a new industrial belt ‘Patriot X’, which can be used for light-medium duty applications.
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
ContiTech
Fenner
Bridgestone
YOKOHAMA
Bando
Trelleborg
Garlock
LUTZE
ARTEGO
Smiley Monroe
Savatech
HSIN YUNG
San Wu Rubber
Oxford Rubbers
JAGRUTI RUBBER
Shandong ContiTech
Zhejiang Double Arrow
QingDao Rubber Six
Zhejiang Sanwei
ZhongBo GongKuang Machinery
Wuxi Boton
Energy ZaoKuang
Baoding Huayue
Anhui Zhongyi
Fuxin Shuangxiang
Hebei Yichuan
JiaTong Jiaodai
Long Tape
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Heat Resistant Conveyor Belts
Oil Resistant Conveyor Belts
Flame Resistant Belt
Cold Resistant Belt
Chemical Resistant Conveyor Belt
Industry Segmentation
Agriculture industry
Manufacturing industry
Packaging industry
Mining industry
Logistics industry
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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