Apr 27, 2021   SOURCE: BusinessWire

Global Rubber Conveyor Belt Market (2021 to 2026) - Growth, Trends, COVID-19 Impact, and Forecasts - ResearchAndMarkets.com

The "Rubber Conveyor Belt Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

Global Rubber Conveyor Belt Market is expected to register a CAGR of 4.02% over the forecast period (2021 - 2026).

Companies Mentioned

  • Oxford Rubbers Pvt. Ltd.
  • Muller Beltex B.V.
  • T-Rex Rubber International B.V.
  • The Yokohama Rubber Co. Ltd.
  • Bando Chemical Industries Ltd.
  • Bridgestone Corporation
  • Oriental Rubber Industries Pvt. Ltd.
  • Fenner Grouo Holdings Ltd.
  • Mitsuboshi Belting Ltd/JP
  • Wuxi Boton Belt Co. Ltd.

Key Market Trends

Mining Industry to Dominate the Marjet

  • Mining industry heavily relies on conveyor belts to transport materials taken from the for processing. In August 2019, Coal India announced a 10,000 Crore investment in conveyor belts to transport coal directly from mines in a cheaper and cleaner way without using trucks. It will also cut down theft as well as diversion of coal and help maintain quality.
  • In February 2019, Semtech Corp and Transco Industries partnered up to provide a remote monitoring solution for conveyor belts in the mining industry.Semtech's LoRa Technology enables miners to remotely monitor conveyor belts, therefore reducing maintenance costs and helping to prevent belt failure.
  • UK-based conveyor belt makes Fenner Plc was acquired by Michelin in March 2018 in order to allow Michelin Group to provide mining industry customers with a broader offering, ranging from tires to conveyor belts with related services and solutions, and also enhance both companies' geographic reach.
  • Fenner Dunlop, a pioneer in mining conveyor belt, manufactured the largest fabric belts on record in March 2019. The 580 m roll of UsFlex D12 belt was sent to a customer in the Pilbara.
  • Germany-based ContiTech's conveyer belts in extensively being used in Jamaica for the transport of bauxite, generated 1,300 kW per hour which can be fed back into the grid. They are also being used by Botswana's largest diamond producer.

Asia-Pacific to Witness the Highest Growth

  • The increasing demand for conveyor belt in this region is due to rise in e-commerce operations, especially in China, to handle large volume of goods.
  • In August 2019, Shandong New Continent Tire, a fully owned subsidiary of China's passenger car tire and carbon black maker Shandong Yinbao Tyre Group, signed a contract with Qingdao local authorities to build a new conveyor belt plant. It will be located in at Xinhe Eco-Chemical Park in Qingdao, having total area of about 2.2 million square feet.
  • Improving economic conditions and increase in air-traffic population in emerging countries such as India is causing the government to build more airports and modernize the old ones.
  • Acquisitions are also helping to shape the market landscape. For instance, in June 2019, FPS Food Process Solutions Corporation (FPS) announced it had signed an agreement to acquire Total Solutions Limited (TSL), a leading fabricator of food processing equipment and conveyor systems in Auckland, New Zealand.
  • Conveyor supplier Kinder Australia launched a new international website in March 2019, focused on expanding its business into the Asia Pacific region. The expansion is supported by the company's 3000 sq. meter warehouse facility, storing more than 8000 conveyor hardware components and accessories

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 MARKET DYNAMICS

3.1 Market Overview

3.2 Introduction to Market Drivers and Restraints

3.3 Market Drivers

3.3.1 Growth of E-Commerce Industry.

3.3.2 Increase in Productivity at Manufacturing Facilities.

3.4 Market Restraints

3.4.1 Fluctuations in Raw Material Prices

3.5 Value Chain Analysis

3.6 Industry Attractiveness - Porter's Five Force Analysis

3.6.1 Threat of New Entrants

3.6.2 Bargaining Power of Buyers/Consumers

3.6.3 Bargaining Power of Suppliers

3.6.4 Threat of Substitute Products

3.6.5 Intensity of Competitive Rivalry

4 MARKET SEGMENTATION

4.1 By Type

4.1.1 Heat-Resistant

4.1.2 Oil-Resistant

4.1.3 Fire-Resistant

4.1.4 Chemical-Resistant

4.2 By End-user Industry

4.2.1 Logistics

4.2.2 Mining

4.2.3 Manufacturing

4.2.4 Metal Processing

4.3 Geography

4.3.1 North America

4.3.2 Europe

4.3.3 Asia-Pacific

4.3.4 Latin America

4.3.5 Middle East & Africa

5 COMPETITIVE LANDSCAPE

5.1 Company Profiles

5.1.1 Oxford Rubbers Pvt. Ltd.

5.1.2 Muller Beltex B.V.

5.1.3 T-Rex Rubber International B.V.

5.1.4 The Yokohama Rubber Co. Ltd.

5.1.5 Bando Chemical Industries Ltd.

5.1.6 Bridgestone Corporation

5.1.7 Oriental Rubber Industries Pvt. Ltd.

5.1.8 Fenner Grouo Holdings Ltd.

5.1.9 Mitsuboshi Belting Ltd/JP

5.1.10 Wuxi Boton Belt Co. Ltd.

6 INVESTMENT ANALYSIS

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/uydy89