Interested in this report? Get your FREE sample now! Get Sample Pages
hexaresearch cover icon

Rubber Transmission Belt Market Size and Forecast, By Product (Steel Cord, Multiply Fabric, Solid Woven), By Application (Mining, Industrial, Construction, Harbor, Steel), and Trend Analysis, 2015 - 2025

  1. Published: September, 2018
  2. Format: Electronic (PDF)
  3. Number of pages: 89
  4. Industry: Advanced Materials

Industry Insights

The global rubber transmission belt market size was valued at USD 3.47 billion in 2017 and is expected to witness a CAGR of 3.0% from 2017 to 2025. Increasing coal production and commencement of new projects in Australia, India, and China are projected to provide growth opportunity for the market over the forecast period.

Global rubber transmission belt market revenue, 2015 - 2025 (USD Billion)

Global rubber transmission belt market

Increasing focus on development of clean and green cities is expected to provide growth opportunities for the global market over the forecast period. Various municipal corporations are making investments to make their municipalities green and waste-free by reducing carbon footprint.

For instance, investments in the Smart Cities initiatives by the Indian Government is projected to provide new investment avenues for various domestic, as well as international, companies.

Furthermore, governments of certain countries in South America are encouraging development of mining industry. Thus, infrastructure development and rapidly expanding mining and industrial sectors in countries, such as Brazil, Chile, Mexico, Russia, Ukraine, Poland, and Africa, are also projected to augment grwoth of the rubber transmission belt market.

Segmentation by Product
    • Steel Cord
    • Multiply Fabric
    • Solid Woven

Solid woven rubber transmission belt segment was valued at USD 1.75 billion in 2017 and is expected to reach USD 2.27 billion by 2025. The segment is estimated to register a CAGR of 3.3% from 2017 to 2025. Increasing mining activities in Brazil, Poland, Australia, China, and India are expected to fuel product demand in the forthcoming years.

These belts are suitable for underground mines, where harsh conditions require belts with high strength, heavy load carrying capacity, fire-resistance, anti-static, wearable shock-resistance, and corrosion-resistance. As multiply belts have long life and high durability, they are widely used in heavy service conditions for handling extremely abrasive materials.

Increasing demand from various applications including stone, gravel, and sand industry, concrete plants, garbage incarnation plants, road construction machinery, compost industry, and slag conveyors are expected to fuel demand for multi-ply belt over the forecast period.

Segmentation by Application
    • Mining
    • Industrial
    • Construction
    • Harbor
    • Steel
    • Others

The industrial segment held the largest market share and was valued at USD 1.86 billion in 2017. This is attributed to the wide spread application in the industrial sector including pharmaceutical, chemical, automobile, and power generation. Rising demand for medicines as a result of high prevalence of chronic diseases, such as diabetes, heart disorders, and cancer, is expected to drive the global pharmaceutical industry. For instance, in 2017, it was reported that 9.4% of the total population in North America was diagnosed with diabetes.

Increasing steel demand from South East Asia is the key driving-factor for the steel market. The ASEAN demand for steel increased by 13% and reached 78 million tons in 2016 due to high consumption from the infrastructure industry. In addition, the crude steel production in China increased by 6.9% in January 2017, which is expected to fuel demand for rubber transmission belt in the steel industry.

Segmentation by Region
    • North America
    • Europe
    • Asia Pacific
    • Central & South America
    • Middle East & Africa

Asia Pacific rubber transmission belt market was valued at USD 1.53 billion in 2017 and is expected to register a CAGR of 3.4% over the forecast period. Presence of well-established steel manufacturers, growing food and beverage sector, and rapid expansion of industrial facilities are expected to boost demand over the forecast period.

China accounted for 44.1% of the Asia Pacific market share. Developed steel industry, growing food and beverage industry, and mining activities are expected to create potential opportunities for the market over the projected period.

Central and South America is expected to grow on account of expanding end-use industries, such as mining, manufacturing, and automotive. Brazil, Argentina, Chile, and Ecuador are the major regional economies. Growing adoption of conveyor belts in the automotive industry for transportation of materials is expected to be the key regional growth driver.

Competitive Landscape

ContiTech AG led the global rubber transmission belt market accounting for 35.8% of the total share in 2017. The company majorly focuses on the mining and industrial sectors of India, Australia, and Africa. Some other prominent companies in the market are Bridgestone Corporation, Fenner PLC, The Yokohama Rubber Co., Ltd., Zhejiang Double Arrow Rubber Co. Ltd., Sempertrans, Bando Chemical Industries, LTD, Baoding Huayue Conveyor Co. Ltd., Zhejiang Sanwei Rubber Item Co. Ltd., Shandong Phoebus Rubber Co., Ltd., Wuxi Boton Technology Co., Ltd., Zhangjiagang Huashen, Hsin Yung Chien Co., Ltd., FuXin ShuangXiang Industry And Mining Rubber & Plastic Products Co., Ltd., Anhui Zhongyi Rubber Belts Co., Ltd., Qingdao Rubber Six Conveyor Belt Co. Ltd., Hebei Yichuan Rubber Conveyor Belt Group Co., Ltd., and Smiley Monroe Ltd.

We also offers customization on reports based on specific client requirement. Request for Customization
silent features

Choose License Type

Single User - US $3,950
Multi User - US $5,450
Enterprise User - US $6,950

Research Assistance

Steve Cooper

Research Support Specialist, USA

[email protected]


  1. Phone: +1-408-342-1548
  2. Toll Free: +1-800-489-3075
  3. Email: [email protected]
  • World's largest premium report database
  • Transparent pre & post sale customer engagement model
  • Unparalleled flexibility in terms of rendering services
  • Safe & secure web experience
  • 24*5 Research support service