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Global Rubber Conveyor Belt Market is projected to exhibit a CAGR of 2.13% between 2017 and 2025
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.
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:
Continental AG
Bridgestone
Fenner
Yokohama
Zhejiang Double Arrow
Sempertrans
Bando
Baoding Huayue
Zhejiang Sanwei
Shandong Phoebus
Wuxi Boton
Zhangjiagang Huashen
HSIN YUNG
Fuxin Shuangxiang
Anhui Zhongyi
QingDao Rubber Six
Hebei Yichuan
Smiley Monroe
About Us: QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
- Posted on: 2018-07-17 23:43:36
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- Item ID: 14948446