Tuesday, 18 October 2016

Rubber Conveyor Belt Market is estimated to grow at a 4% CAGR over the forecast period 2016-2020: Radiant Insights, Inc

A rubber conveyor belt is a medium of transporting materials with the help of a pulley. The belt has 2 layers, a carcass and a cover. Carcass is a woven fabric made from cotton or polyester. The cover is produced using silicon or gum rubber. Rubber conveyor belts are used to transport smaller objects or objects with irregular sides.
The global conveyor belt market is estimated to grow at a 4% CAGR over the forecast period (2016-2020). It is primarily driven by the demand of mining, construction, and mining industries. Increased production of durable and non-durable goods in developing countries is another factor which will positively impact the market. Volatile prices of rubber could pose a market challenge.
The market is segmented according to products and regions. Products include textile reinforced, metal reinforced, and other conveyor belts. Textile reinforced belts have nearly 62% market shares in 2015, while metal reinforced and others occupy 17% shares respectively. Products divided according to size include light-weight, medium-weight, and heavy-weight conveyor belts. Medium-weight conveyor belts dominated the market with nearly 60% shares.
Regions covered under the market are North America, Asia Pacific, Europe, and Rest of the World (RoW). Asia Pacific will dominate the market throughout the forecast period due to the presence of two large economies (China and India). North America will be the second largest region for the market, followed by Africa and South America in RoW. Europe region had a market size of nearly USD 300 million in 2015. It could experience sluggish growth in the coming years.
Some of the major players in the rubber conveyor belt market include Yokohama Rubber Co. Ltd., Dunlop Conveyor Belting, ContiTech AG, PHOENIX Conveyor Belt Systems GmbH, and Fenner Dunlop. The market is marked by intense competition and innovative product launches by companies to retain its hold. For instance, Yokohama recently launched a temperature-resistant conveyor belt which can withstand temperatures of 752°F, primarily targeting rubber mills and steel plants.
Table of Contents
Part I Rubber Conveyor Belt Industry Overview
Chapter One Rubber Conveyor Belt Industry Overview
1.1 Rubber Conveyor Belt Definition
1.2 Rubber Conveyor Belt Classification Analysis
1.2.1 Rubber Conveyor Belt Main Classification Analysis
1.2.2 Rubber Conveyor Belt Main Classification Share Analysis
1.3 Rubber Conveyor Belt Application Analysis
1.3.1 Rubber Conveyor Belt Main Application Analysis
1.3.2 Rubber Conveyor Belt Main Application Share Analysis
1.4 Rubber Conveyor Belt Industry Chain Structure Analysis
1.5 Rubber Conveyor Belt Industry Development Overview
1.5.1 Rubber Conveyor Belt Product History Development Overview
1.5.1 Rubber Conveyor Belt Product Market Development Overview
1.6 Rubber Conveyor Belt Global Market Comparison Analysis
1.6.1 Rubber Conveyor Belt Global Import Market Analysis
1.6.2 Rubber Conveyor Belt Global Export Market Analysis
1.6.3 Rubber Conveyor Belt Global Main Region Market Analysis
1.6.4 Rubber Conveyor Belt Global Market Comparison Analysis
1.6.5 Rubber Conveyor Belt Global Market Development Trend Analysis
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Contact:Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com   
Blog URL: http://www.radiantinsightsinc.blogspot.com
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