+1-888-308-5802     
News Contact Us

Rubber Conveyor Belt Market Analysis by Top Manufacturers, Regions and Applications to 2026

Author : Ronak Bora | Published Date : 2020-09-16 

The North America rubber conveyor belt market is slated to witness exceptional growth in coming years, primarily led by the U.S. The region is witnessing the rising demand for belts, mainly from the manufacturing and mining sectors. The United States is classified among some of the top mining nations across the globe.

The global rubber conveyor belt market is expected to emerge as a lucrative investment avenue in coming years owing to the increasing usage of the product across various industries. Rising industrial-grade usage of cleaning agents is likely to foster industry expansion in coming years.

On the account of these growth factors, Global Market Insights Inc., estimates the global rubber conveyor belt market is set to surpass a valuation of $4 billion through 2026.

Request a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4411

The rubber conveyor belt market is also set to witness immense growth due to their increasing demand across mining, power generation, and manufacturing industries throughout the world over the coming years. With their extensive adoption across various sectors, some exceptional characteristics such as high versatility, cost-effectiveness, and lightweight nature are further driving the demand for rubber conveyor belts across various industries.

With reference to the application segment, the mining industry is expected to observe a growth in the use of rubber conveyor belts over the forthcoming timeframe. Rubber conveyor belts witness a massive demand in open pit mining and underground mining since these belts provide efficient transportation services for moving big materials over long, medium, and short distances across topographically demanding terrains.

These belts are extensively used in long-distance coal conveying owing to their flame-resistant, oil-resistant, anti-abrasive, and heat resistant traits and power-saving capabilities. Apart from these development factors, improving economic conditions and growing population is triggering a rise in the use of commodities such as coal, iron ore, and copper, further fueling the revenue growth in the mining industry.

With respect to the material segment, the rubber conveyor belt market is bifurcated into steel reinforced belts, solid woven belts, and textile reinforced rubber conveyor belts. Among these, the textile reinforced belts segment generated an impressive revenue of more than $3 billion in 2018 and is expected to grow substantially over the coming years.

Request for customization @ https://www.gminsights.com/roc/4411

The textiles reinforced conveyor belts segment is further bifurcated into performance textiles and commodity textiles. These type of conveyor belts are used extensively in some industries since they are made of polyester and nylon blends, which provide massive tensile strength as well as better fatigue resistance and exceptionally good abrasion resistance as well.

Apart from these beneficial features, the belts also provide good dimensional stability and a very low moisture absorption which is impelling their segment share in the rubber conveyor belt market.

The country boasts of vast mineral deposits spanning from a wide variety of non-ferrous and ferrous metals. In addition, the presence of a number of mining industries in North America would make a positive impact to the regional product growth. Considering these growth factors, the regional industry size is projected to surpass a valuation of $1.5 billion through 2026.

Browse complete table of content of this research report @ https://www.gminsights.com/toc/detail/rubber-conveyor-belt-market

The competitive landscape of the global rubber conveyor belt market is inclusive of players like ARTEGO, Oxford Rubbers, SIG Societa Italiana Gomma, Garlock, Bando, LUTZE, Trelleborg, Fenner, ContiTech, YOKOHAMA, and Bridgestone among others.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

Nuclear Medicine Market: Top Challenges to Face in 2020-2026

Published Date: 2020-09-24         Author: Ronak Bora

The report titled Global Nuclear Medicine Market Research Report is based on the comprehensive analysis undertaken by the analysts and contains thorough insights about the global market sphere. Detailed study of the business landscape, alongside the essential parameters shaping the commercialization... Read More

Surgical Navigation Systems Market: Verified Value and Volume Forecasts up to 2026

Published Date: 2020-09-24         Author: Ronak Bora

The Surgical Navigation Systems Market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizi... Read More

Vital Sign Monitoring Systems Market: Factors Helping to Maintain Strong Position Globally 2020-2026

Published Date: 2020-09-24         Author: Ronak Bora

An inherent blend of vital market definitions, the Vital Sign Monitoring Systems Market report comprises details pertaining to the overall scope of the industry, pivotal insights, and parameters such as the industry ecosystem analysis, growth drivers responsible for fueling the commercialization mat... Read More

© 2020 Fractovia. All Rights Reserved