Rubber Conveyor Belt Market: Competitive Dynamics & Global Outlook 2025
Posted by QYRtina on July 13th, 2018
A conveyor belt is the carrying medium of a belt conveyor system (often shortened to belt conveyor). This report mainly focuses on the Rubber Conveyor Belt. The covering material of Rubber Conveyor Belt mainly used rubber and the skeleton material is nylon, Polyester, cotton and steel wire etc. Rubber Conveyor Belt are widely used in steel, coal, cement, electricity, ports, mining, building materials and other industries.
Global Rubber Conveyor Belt market is valued at 3,723 million USD in 2016 and is expected to reach 4,237 million USD by the end of 2022, growing at a CAGR of 2.13% between 2017 and 2025.
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Global demand for rubber conveyor belt is profoundly dependent on increase in industrial investments in a region. Therefore, macroeconomic factors such as GDP growth are among major growth drivers for conveyor belt market. APAC dominates the global demand market for Rubber Conveyor Belt and the trend is anticipated to continue for a foreseeable future. Increasing industrial investment in India and China has been among foremost factor driving demand for conveyor belt in Asia Pacific. China takes the revenue market share of 28.52% in 2016, and is forecast to reach 29.35% by the end of 2022.
The leading players include following list:
Zhejiang Double Arrow
QingDao Rubber Six
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