Global Rubber Conveyor Belt Market is projected to exhibit a CAGR of 2.13% between 2017 and 2025

Author: QYResearch  |   Published Date: 2018-07-11   |   Views: 232


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

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