Rubber conveyor belt market Size

Rubber Conveyor Belt Market was valued at USD 3.78 billion in 2023 and is estimated to grow at a CAGR of 4.5% during 2024 to 2032, on account of the rising automation and manufacturing in industries such as food & beverages, mining, manufacturing and metal processing are adopting automated systems to increase the productivity and efficiency where conveyor belts are preferred.

In mining industries conveyor belts are used widely due to their ability of transporting the bulk materials in harsh mining environments. Rubber conveyor belts are preferred due to their high durability and reliability in mining activities. Furthermore, rise of ecommerce is also contributing to the growth of rubber conveyor belt market. Warehouses requires efficient transportations of materials and goods were rubber conveyor plays an efficient role in warehouses for automated packaging and distributions. These belts results in fast operations in warehouses and improve overall logistics and management of inventories.

The rubber conveyor belt market faces a significant challenge as the high costs of investments. Installation of rubber conveyor belt systems requires a huge investment which can affect business and industries as the cost associated with the rubber conveyor belt is very high. Additionally, fluctuations in raw material prices of rubber can affect the manufacturing companies in production of rubber conveyor belt. This may result in higher production expenses and maintaining the profit margins.

Rubber conveyor belt market Trends

The rising adoption of advanced automated belts is currently trending in the rubber conveyor belt industry. These belts are equipped with advanced technologies where different sensors are installed to sort out the materials further reducing the manual sorting time and efforts.

For instance, photoelectric sensors are used in conveyer belt systems to control and monitor conveyer systems. Another sensor technology used is magnetic sensors which are used for monitoring and control the movement in conveyer belt. Speed switch sensors are used to give alarm when a conveyer belt breaks or fail down. Ferrous metal proximity sensors are used for inspecting steel components in aluminum assemblies. They are used to track position and alignment between moving components in production lines. These features are attracting industries to easily invest in conveyor belts and to improve the overall efficiency of an organization.

Rubber Conveyor Belt Market Analysis

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Based on material type, the market is divided into steel reinforced conveyor belts, textile reinforced conveyor belts and solid woven belts. In 2023, textile reinforced conveyor belts was worth over USD 3.2 billion and is expected to reach USD 4.86 billion by 2032. Textile reinforced conveyor belts are dominating under rubber conveyer belt market due to the belts strengths and flexibility it offers during the operations in industries such as mining, constructions. Textile reinforced conveyor belts are known to handle bulk materials.  Additionally, Textile reinforced conveyor belts are corrosion free and are easier to maintain and repair as compared to steel- reinforced belts.

The rising production of commercial and military aircraft drives the demand for accessory gearboxes. As more aircraft are manufactured, the need for reliable gearboxes that can power auxiliary components like generators, fuel pumps, and hydraulic pumps increases. Modern aircraft are equipped with advanced avionics and systems that require robust and efficient power distribution. Accessory gearboxes play a crucial role in ensuring these systems function correctly, thus driving demand. The need for regular maintenance and upgrades of existing aircraft fleets also contributes to the demand for accessory gearboxes. Airlines and military operators require high-quality replacement parts to maintain operational efficiency.

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Based on application, the market is categorized into light weight, medium weight and heavy weight. In 2023, medium weight application held the dominant market share of 46.30 % and is anticipated to grow through the years. The medium weight rubber conveyor belts market is growing in the diverse industries such as mining, construction and manufacturing.

Medium weight conveyer belts are preferred by diverse industries due to their flexibility, cost- effectiveness and durability. The continuous changing industrial demands and growing need for automation is driving the need for medium rubber conveyer belts.

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Asia Pacific rubber conveyor belt market size surpassed USD 2.29 billion in 2023 and is expected to reach USD 3.46 billion by 2032. Apac countries such as China and India are growing their industrialization in sectors such as mining, manufacturing, food processing. There is a demand for rubber conveyor belts in these growing sectors.

The Asia pacific regions invest heavily in projects such as transportation, airports, road bridges and other infrastructure development. Rubber conveyor belt plays an important role in handling the different types of materials and components and improving the productivity of the industries. Furthermore, APAC is a mining hub where mining activities are carrying out in large volume where rubber conveyor belts are required to ensure the productivity.

The Europe is a leading region in rubber conveyor belt market. The rapid growth in Europe is due to the industrial automations in industrial activities in manufacturing and logistics sectors is increasing demand for rubber conveyor systems market.

The market in then north America is set to grow 4.1% CAGR through 2032. The region booming ecommerce sector is driving the demand for rubber conveyor belts for increasing the productivity and overall efficiency of the organization. The region is also investing heavy in infrastructure development where there will be increased demand of conveyor belts.

China is supposed to grow at the rate of 5%in the region. China is expediency rapid industrialization in the country. Construction activities and sectors such as mining and e-commerce there is a demand for efficient conveyor belt systems to improve overall efficiency.

Rubber Conveyor Belt Market Share

Rubber conveyor belt industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as Bridgestone corporation, fenner/Dunlop conveyor belting, contitevh AG, Yokohama rubber co, ltd and bando chemicals limited Ltd. collectively held around 40-45% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

Rubber Conveyor Belt Market Companies

Major players operating in the Rubber conveyor belt industry are:

• ARTEGO S.A.
• Bando Chemical Industries, Ltd.
• Bridgestone Corporation
• Contitech AG conveyer belt group
• Fenner Group Holdings Limited
• Fuxin Shuangxiang
• Garlock Sealing Technologies LLC
• LUTZE Forder Technik GmbH
• Oxford Rubbers Private Limited
• Qingdao Rubber Six Conveyor Belt Co., Ltd.
• Sempertrans Conveyor Belt Solutions GmbH
• SIG Societa Italiana Gomma S.p.A.
• THE YOKOHAMA RUBBER CO., LTD.
• Trelleborg AB
• Zhejiang Double Arrow Rubber Co., Ltd.
  

Rubber Conveyor Belt Industry News

• In February 2024, fenner Dunlop and international conveyor and rubber announced their new conveyor belt partnership to offer conveyor belt solutions to service for underground mining sectors.
• In May 2023, Yokohama rubber co, ltd acquired Trelleborg wheel systems.
  
• In July 2023, Continental AG acquires American belting manufacturers wcco belting to strengthen their agriculture business.
  

This rubber conveyor belt market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) (Thousand Square meter) from 2021 to 2027, for the following segments:

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Market, By Material

• Steel reinforced conveyor belts
• Textile reinforced conveyor belts
• Solid woven belts

Market, By Application

• Light weight
• Medium weight
• Heavy weight

Market, By End-use

• Mining
• Cement manufacturing
• Power generation
• Recycling
• Metal processing
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA