Global Rubber Conveyor Belt Market Analysis & Trends - Industry Forecast to 2030

Global Rubber Conveyor Belt Market Analysis & Trends - Industry Forecast to 2030

Rubber Conveyor Belt: Market Size

From $4.31 billion in 2024, the global Rubber Conveyor Belt market is projected to reach $6.15 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 6.1% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include growing demand for construction materials, expanding mining industry, and rising demand for power generation.

Global Rubber Conveyor Belt Market: Market Dynamics
Rubber conveyor belt producers are developing methods to boost efficiency and enhance their overall performance. This move will encourage rubber conveyor belt manufacturers to directly supply to the construction, power generation, and other end-use segments, followed by investments in research activities to improve the performance of rubber conveyor belts. High flexibility, lightweight environment, and low-cost efficiency have made transport belts very popular in various industries. In addition, positive growth in the steel processing industry augmented with the fame of rubber-made conveyor belts for heavy equipment is an important trend. Rising production & sales of cement, metals, and power will further drive the rubber conveyor belt market growth. In addition to this, there have been significant developments in terms of overhauling or improvement of the domestic infrastructure and other construction activities across the globe. This too has helped in the development of the global rubber conveyor belt market as these belts help in transporting materials from one place to another with ease.

On the other hand, the high maintenance costs in the heavy lifting industry and high cost of investment are likely to obstruct the profit boundaries. In addition, growing convenience of using rubber conveyor belts for transport and growing establishments of power generation plants will further boost for the rubber conveyor belt market.

Impact of COVID-19 on Rubber Conveyor Belt
The COVID-19 pandemic has considerably impacted the rubber conveyor belt market in 2020 & 2021 due to shortage of raw materials and forced lockdowns. Moreover, most of the mining processes, metal processing, and other manufacturing plants were shut down leading to unprecedented supply shortages. The pandemic has slowed down the industry owing to lockdowns across various Asian countries. Despite the forced lockdowns, the e-commerce market observed prominent growth as it needs rubber conveyor belts for the transportation of goods in warehouses, which is likely to positively influence the industry statistics.

By Material

Textile Reinforced Conveyor Belt Segment Dominate the Market in 2024
The textile reinforced conveyor belt segment made huge revenue in 2024 and growing its prominence during the forecast period. Textile reinforced conveyor belts offer diverse advantages including low wind resistance, good abrasion resistance, fire resistance, cold & frost resistance, and more. In addition, textile reinforced belts relatively save on shorter transport distances to other reinforced conveyor belts. Textile reinforced types of conveyor belts are widely used in metal processing, mining, recycling, cement construction, and electricity manufacturing plants. The segment is further divided into namely commodity textiles and performance textiles. They are mainly used are commodity textiles led by their easy availability, high-quality materials, and low cost.

By Geography

Asia Pacific Region is Leading in the Global Market Place
Asia region is likely to have a huge demand in the forecast period owing to the large volume of manufacturing potential across industry verticals in the region. The mining sector in the Asia Pacific shows significant growth potential, leading to rise in the demand for transport rubber bands for mining purposes. Moreover, growing investments by leading manufacturers will also develop the market to a higher level. The major mining countries in the region, China and Australia, have been using real-time transport monitoring systems to increase their efficiency and productivity of rubber conveyor belts.

List of the Key Players Profiled in the Market Include:
• ARTEGO
• Bando
• Bridgestone Corporation
• ContiTech AG
• Fenner Group Holdings Limited
• Fuxin Shuangxiang
• Garlock
• LUTZE
• Oxford Rubbers
• QingDao Rubber Six
• Sempertrans
• SIG Societa Italiana Gomma
• Trelleborg
• Yokohama
• Zhejiang Double Arrow

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others