Rubber Conveyor Belt Market Size, Growth | Industry Report, 2020-2026

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2. Rubber Conveyor Belt Market Size, Growth | Industry Report, 2020-2026 The global rubber conveyor belt market size is expected to enlarge during the forecast period, 2020-2026. Rubber conveyor belts possess high-tensile strength, and elasticity for conducting mechanical operations. Being a heat resistive product, conveyor belts are usually employed in production and assembly units across various sectors. Nylon and polyester are some of the materials used in the manufacture of conveyor belts. From the safety perspective, the thickness varies in the case of fire safety conveyor belts. Majorly, the features of a typical rubber conveyor belt comprises excellent grip between belt top and packages, such as jute packages. It is also available with bare back to provide an excellent grip to the conveyor belt.

3. Market Trends, Drivers, Restraints and Opportunity: • The global market witness a surge in mining and manufacturing activities all across the globe leading into the widespread adoption of conveyor rubber belts. In addition, rise in infrastructure and construction activities is expected to add to the potential. Moreover, the technological developments in automotive sector is anticipated to contribute to the market development • Conveyor belts also serve in the heavy duty industry thereby reducing the labor and infrastructure cost. Significance of conveyor rubber belts in the end-use industries are likely to showcase a high market growth throughout the forecast period • Rubber Conveyor belts better known as transportation belts are likely to create huge opportunities in the coming years attributing to industrial needs and growing landscape of industrial development • For instance, significant demands from Brazil, China and Indonesia are more likely to result in the creation of novel opportunities thereby stimulating the global market growth for rubber conveyor belts • On contrary, lack of investment, low interest of manufacturers and dearth of manual labor is likely to restrict the market growth in the years to come. In addition, volatile market conditions such as fluctuation in raw materials and dearth of technical competency is creating market challenges in the upcoming years

4. Scope of the Report: The report on global rubber conveyor belt market includes an assessment of the market size, share, trends, segments, regional markets and competitive scenarios. Segment overview and dynamics have been included in the report.

5. Rubber Conveyor Belt Market Segment Share Insights: Heavy-weight conveyor belts to dominate in the near future By application, the rubber conveyor belts can be segmented as heavy-weight, medium-weight, and light-weight. Heavy-weight conveyor belts dominate the application category thanks to robust demand from the transportation industry. Improvements in the mining sector and commercialization of mining industry has propelled the need for heavy-weight conveyor belts in the years to come. Power Generation is the leading segment By end-use, the rubber conveyor belt market can be segmented as power generation, cement manufacturing, recycling and metal processing. Power generation is the leading segment attributing to increase in coal consumption patterns, technical demands within industrial units.

6. Asia Pacific maintains a dominant position By region, the rubber conveyor belt market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. Asia Pacific is likely to dominate in the global scenario attributing to rise in production and ongoing developments. Investments and growing consumption in the steel industry is triggering the regional growth in the forecast period. Ongoing infrastructure plans pertaining to commercial and residential construction is supplementing the regional growth in the years to come. Competitive Landscape: Some of the key players in the rubber conveyor belt market are Yokohama, Trelleborg, Oxford Rubbers, Garlock, Lutze, Artego, Bridgestone, ContiTech, Bando and Fenner. The key players are adopting innovative methods for product launch to strengthen their geographical presence. The trends and analysis for mergers & acquisitions, strategic collaboration and partnership alliances are some of the growth strategies identified. Segments Covered in the Report: The global rubber conveyor belt market can be segmented based on application, end-use, material and region.

7. By Application: • Heavy-weight • Medium-weight • Light-weight By End-Use: • Power Generation • Cement Manufacturing • Recycling • Metal Processing By Material: • Textile Reinforced Conveyor Belts • Solid Woven Belts By Region: • North America • LAMEA • Europe • Asia Pacific • Middle-East • Africa

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