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1736924

ゴム製伝動ベルト市場：製品・用途・地域別、2026～2032年

Rubber Transmission Belts Market By Product (Raw Edged Belts, V-Belts, Timing Belts, Wrapped Belts, Specialty Belts), Applications (Industrial, Agricultural, Automotive, Mining), & Region for 2026-2032

出版日
ページ情報
英文 202 Pages
納期
2～3営業日
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=143.73円
ゴム製伝動ベルト市場：製品・用途・地域別、2026～2032年
出版日: 2025年05月08日
発行: Verified Market Research
ページ情報: 英文 202 Pages
納期: 2～3営業日
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  • 概要
  • 図表
  • 目次
概要

ゴム製伝動ベルト市場の評価-2026～2032年

ゴムコンパウンドとベルト設計の継続的な研究開発により、伝動ベルトの性能と寿命が向上しています。したがって、ベルト材料の技術的進歩は、市場規模の成長を急増させ、2024年には14億3,000万米ドルを突破し、2032年には20億米ドルの評価に達します。

鉱業の成長、特に開発途上地域では、ゴム製伝動ベルトを装備した堅牢な機械の必要性が高まっています。そのため、鉱業セグメントでの需要の増加により、市場は2026～2032年にかけてCAGR 4.24%で成長します。

ゴム製伝動ベルト市場定義/概要

ゴム製伝動ベルトは、様々な製造業で広く使用されており、マテリアルハンドリング、コンベアシステム、動力伝達において重要な役割を果たしています。これらのベルトは主に、ゴム、バラタ、皮革、繊維などの低弾性材料で構成されており、産業用途に必要な柔軟性と強度を備えています。ゴム製伝動ベルトはループ状に形成され、工場や倉庫内で原料や完成品をある場所からによる場所へ効率的に運搬するように設計されています。

ゴム製伝動ベルトの主要特徴としては、耐衝撃性、弾性、耐熱性、耐水性などがあり、厳しい環境に適しています。衝撃や振動を吸収することで、スムーズで効率的な作業を実現し、耐熱性や耐水性により過酷な環境下でも耐久性を発揮します。

伝動ベルトの一種であるゴム製コンベアベルトは、特定の産業用途に応じて天然ゴムまたは合成ゴムを使用して製造されるのが一般的です。これらのベルトは、自動車、鉱業、農業、製造業など、製品の効率的な移動が業務フローの維持に不可欠なセグメントで極めて重要です。ゴム製伝動ベルトを選択する際、メーカーはベルト幅、厚さ、材料組成、硬度、種類などの重要な仕様を考慮しなければなりません。これらの要素は、多様な産業にわたる特定の負荷容量、運転条件、性能要件に対するベルトの適合性を決定します。

新興諸国における急速な工業化と自動製造プロセスへの動向は、どのようにゴム製伝動ベルト市場の成長を急増させるか？

中国やインドなどの国々の製造業の成長は、様々な産業用途で使用されるゴム製伝動ベルトの需要を促進しています。世界銀行によると、インドの製造業付加価値（GDP比）は2010年の14.8%から2021年には17.4%に増加しました。中国では、ピーク時から若干低下したもの、2021年には27.4%と好調を維持しています。生産性向上のために製造プロセスを自動化する動向が、機械用ゴム製伝動ベルトの需要を押し上げています。国際ロボット連盟（IFR）の報告によると、世界のロボット設置台数は2021年に51万7,385台に達し、前年比31%増となり、パンデミック前の記録である2018年の42万2,000台を上回りました。国際鉱業金属評議会（ICMM）は、過去20年間で世界の鉱業国の78％で鉱業の国家経済への貢献が増加したと報告しています。

自動車産業はゴム製伝動ベルトの重要な消費者であり、その成長は市場に直接影響を与えます。国際自動車工業会（OICA）によると、2021年の世界の自動車生産台数は2020年比3%増の8,501万台に達し、同部門の回復と成長を示しています。農業機械はゴム製伝動ベルトを広く使用しており、このセグメントの成長が市場拡大に寄与しています。FAO（国連食糧農業機関）の報告によると、世界の農業機械市場は2022年に1,574億米ドルとなり、2027年には1,979億米ドルに達し、CAGR 4.7%で成長すると予測されています。

低コストのアジアメーカーとの競合は、ゴム製伝動ベルト市場の成長をどのように阻害するか？

アジアでは安価な労働力と資源が利用できるため、低コストのメーカーとの競合が激化しています。欧州委員会の報告書によると、中国からEUへのゴム製品（伝動ベルトを含む）の輸入は2015～2019年にかけて毎年5.8%増加しており、アジアメーカーの市場シェアが拡大していることを示しています。ゴム産業は原料価格の変動に左右され、生産コストや利益率に影響を与える可能性があります。国際ゴム研究会の報告によると、天然ゴム価格は大きく変動し、2017～2021年にかけては1キログラム当たり約1.20ドルから2.80ドルと、130%以上の変動がありました。

電気自動車（EV）への移行により、従来型ゴム製伝動ベルトの需要が減少する可能性があります。国際エネルギー機関（IEA）は、2030年までに世界のEV販売台数が年間1億2,500万台に達し、ゴム製変速ベルトのような従来型自動車部品の需要が減少する可能性があると予測しています。環境規制の強化と持続可能性への関心の高まりは、ゴム製変速ベルトの生産と廃棄に影響を与える可能性があります。欧州タイヤ・ゴム工業会（ETRMA）の報告によると、2019年には欧州で使用済みタイヤの約95％が回収され、マテリアルリサイクルまたはエネルギー回収のために処理されました。先進的な材料や技術の開発により、用途によっては従来型ゴムベルトが代替される可能性があります。

目次

第1章 イントロダクション

  • 市場の定義
  • 市場セグメンテーション
  • 調査スケジュール
  • 前提条件
  • 限界

第2章 調査手法

  • データマイニング
  • 二次調査
  • 一次調査
  • 専門家の助言
  • クオリティチェック
  • 最終レビュー
  • データの三角測量
  • ボトムアップアプローチ
  • トップダウンアプローチ
  • 調査の流れ

第3章 エグゼクティブサマリー

  • 市場概要
  • ゴム製伝動ベルトの世界市場地域別分析
  • ゴム製伝動ベルトの世界市場、用途別（100万米ドル）
  • ゴム製伝動ベルトの世界市場：製品別（100万米ドル）
  • 今後の市場機会
  • 世界市場内訳

第4章 市場展望

  • ゴム製伝動ベルトの世界市場展望
  • 市場促進要因
    • ゴム製伝動ベルトの用途拡大

さまざまな最終用途産業

    • 製造工場設備の近代化への投資の増加

工場設備の近代化投資の増加

  • 市場抑制要因
    • アジアの低コストメーカーの競合価格戦略
    • 伝動ベルトの機能的欠点
  • 市場機会
    • 新興経済国での成長機会
  • COVID-19が市場に与える影響
  • ポーターのファイブフォース分析
  • バリューチェーン分析

第5章 用途別市場

  • 概要
  • 産業用
  • 自動車
  • 農業
  • 鉱業
  • その他

第6章 製品別市場

  • 概要
  • 生刃ベルト
  • Vベルト
  • タイミングベルト
  • 巻きベルト
  • 特殊ベルト
  • その他

第7章 地域別市場

  • 概要
  • 北米
    • 北米市場スナップショット
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • 欧州市場スナップショット
    • ドイツ
    • 英国
    • フランス
    • その他の欧州
  • アジア太平洋
    • アジア太平洋市場スナップショット
    • 中国
    • 日本
    • インド
    • その他のアジア太平洋
  • その他の地域
    • 列市場スナップショット
    • 中東・アフリカ
    • ラテンアメリカ

第8章 競争情勢

  • 概要
  • 競合シナリオ
  • 企業市場ランキング分析

第9章 企業プロファイル

  • ContiTech AG
  • Gates Industrial Corporation plc
  • SKF, Mitsuboshi Belting Ltd.
  • HIC International Co, Inc.
  • Hanna Rubber Company
  • Jonson Rubber Industries Limited
  • Chiorino S.p.A.
  • Megadyne Group
  • Habasit AG
図表

LIST OF TABLES

  • TABLE1 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021
  • 2028 (USD MILLION)
  • TABLE 2 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 3 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY GEOGRAPHY, 2021
  • 2028 (USD MILLION)
  • TABLE 4 NORTH AMERICA RUBBER TRANSMISSION BELTS MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
  • TABLE 5 NORTH AMERICA RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 6 NORTH AMERICA RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 7 U.S. RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 8 U.S. RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 9 CANADA RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE10 CANADA RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE11 MEXICO RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021
  • 2028 (USD MILLION)
  • TABLE12 MEXICO RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE13 EUROPE RUBBER TRANSMISSION BELTS MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
  • TABLE14 EUROPE RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE15 EUROPE RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE16 GERMANY RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE17 GERMANY RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021
  • 2028 (USD MILLION)
  • TABLE18 UK RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE19 UK RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 20 FRANCE RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION,

2021 - 2028 (USD MILLION)

  • TABLE 21 FRANCE RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 22 REST OF EUROPE RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 23 REST OF EUROPE RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 24 ASIA PACIFIC RUBBER TRANSMISSION BELTS MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
  • TABLE 25 ASIA PACIFIC RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 26 ASIA PACIFIC RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 27 CHINA RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 28 CHINA RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 29 JAPAN RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021
  • 2028 (USD MILLION)
  • TABLE 30 JAPAN RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 31 INDIA RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 32 INDIA RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 33 REST OF APAC RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 34 REST OF APAC RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 35 ROW RUBBER TRANSMISSION BELTS MARKET, BY COUNTRY, 2021 - 2028 (USD MILLION)
  • TABLE 36 ROW RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 37 ROW RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 38 MIDDLE EAST AND AFRICA RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION, 2021 - 2028 (USD MILLION)
  • TABLE 39 MIDDLE EAST AND AFRICA RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT, 2021 - 2028 (USD MILLION)
  • TABLE 40 LATIN AMERICARUBBER TRANSMISSION BELTS MARKET, BY APPLICATIONS, 2021 - 2028 (USD MILLION)
  • TABLE 41 LATIN AMERICARUBBER TRANSMISSION BELTS MARKET, BY PRODUCT,

2021 - 2028 (USD MILLION)

  • TABLE 43 CONTITECH AG: PRODUCT BENCHMARKING
  • TABLE 44 CONTITECH AG: KEY DEVELOPMENTS
  • TABLE 45 GATES INDUSTRIAL CORPORATION PLC: PRODUCT BENCHMARKING
  • TABLE 46 SKF: PRODUCT BENCHMARKING
  • TABLE 47 MITSUBOSHI BELTING LTD.: PRODUCT BENCHMARKING
  • TABLE 48 HABASIT AG..: PRODUCT BENCHMARKING
  • TABLE 49 HABASIT AG..: KEY DEVELOPMENTS
  • TABLE 50 HIC INTERNATIONAL CO INC.: PRODUCT BENCHMARKING
  • TABLE 51 HANNA RUBBER COMPANY: PRODUCT BENCHMARKING
  • TABLE 52 JONSON RUBBER INDUSTRIES LIMITED.: PRODUCT BENCHMARKING
  • TABLE 53 CHIORINO S.P.A..: PRODUCT BENCHMARKING
  • TABLE 54 CHIORINO S.P.A..: KEY DEVELOPMENTS
  • TABLE 55 MEGADYNE GROUP.: PRODUCT BENCHMARKING
  • TABLE 56 MEGADYNE GROUP.: KEY DEVELOPMENTS

LIST OF FIGURES

  • FIGURE1 GLOBAL RUBBER TRANSMISSION BELTS MARKET SEGMENTATION
  • FIGURE 2 RESEARCH TIMELINES
  • FIGURE 3 DATA TRIANGULATION
  • FIGURE 4 MARKET RESEARCH FLOW
  • FIGURE 5 GLOBAL RUBBER TRANSMISSION BELTS MARKET OVERVIEW
  • FIGURE 6 GLOBAL RUBBER TRANSMISSION BELTS MARKET GEOGRAPHICAL ANALYSIS, 2021-2028
  • FIGURE 7 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION (USD MILLION)
  • FIGURE 8 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT (USD MILLION)
  • FIGURE 9 FUTURE MARKET OPPORTUNITIES
  • FIGURE10 ASIA PACIFIC DOMINATED THE MARKET IN 2020
  • FIGURE11 GLOBAL RUBBER TRANSMISSION BELTS MARKET OUTLOOK
  • FIGURE12 PORTER'S FIVE FORCES ANALYSIS FOR GLOBAL RUBBER TRANSMISSION BELTS MARKET
  • FIGURE13VALUE CHAIN ANALYSIS FOR GLOBAL RUBBER TRANSMISSION BELTS MARKET
  • FIGURE14GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION
  • FIGURE15GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT
  • FIGURE16GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY GEOGRAPHY, 2021
  • 2028 (USD MILLION)
  • FIGURE17NORTH AMERICA MARKET SNAPSHOT
  • FIGURE18U.S. MARKET SNAPSHOT
  • FIGURE19CANADA MARKET SNAPSHOT
  • FIGURE 20MEXICO MARKET SNAPSHOT
  • FIGURE 21EUROPE MARKET SNAPSHOT
  • FIGURE 22GERMANY MARKET SNAPSHOT
  • FIGURE 23UK MARKET SNAPSHOT
  • FIGURE 24FRANCE MARKET SNAPSHOT
  • FIGURE 25ASIA PACIFIC MARKET SNAPSHOT
  • FIGURE 26CHINA MARKET SNAPSHOT
  • FIGURE 27JAPAN MARKET SNAPSHOT
  • FIGURE 28INDIA MARKET SNAPSHOT
  • FIGURE 29ROW MARKET SNAPSHOT
  • FIGURE 32CONTITECH AG: BREAKDOWN
  • FIGURE 33CONTITECH AG: SWOT ANALYSIS
  • FIGURE 34GATES INDUSTRIAL CORPORATION PLC: COMPANY INSIGHT
  • FIGURE 35GATES INDUSTRIAL CORPORATION PLC: BREAKDOWN
  • FIGURE 36GATES INDUSTRIAL CORPORATION PLC SWOT ANALYSIS
  • FIGURE 37SKF: COMPANY INSIGHT
  • FIGURE 38SKF: BREAKDOWN
  • FIGURE 39SKF: SWOT ANALYSIS
  • FIGURE 40MITSUBOSHI BELTING LTD.: COMPANY INSIGHT
  • FIGURE 41MITSUBOSHI BELTING LTD.: BREAKDOWN
  • FIGURE 42MITSUBOSHI BELTING LTD.: SWOT ANALYSIS
  • FIGURE 43HABASIT AG..: COMPANY INSIGHT
  • FIGURE 44HABASIT AG.: SWOT ANALYSIS
  • FIGURE 45HIC INTERNATIONAL CO INC.: COMPANY INSIGHT
  • FIGURE 46HANNA RUBBER COMPANY: COMPANY INSIGHT
  • FIGURE 47JONSON RUBBER INDUSTRIES LIMITED.: COMPANY INSIGHT
  • FIGURE 48CHIORINO S.P.A..: COMPANY INSIGHT
  • FIGURE 49MEGADYNE GROUP.: COMPANY INSIGHT
目次
Product Code: 42466

Rubber Transmission Belts Market Valuation - 2026-2032

Ongoing research and development in rubber compounds and belt designs are enhancing the performance and lifespan of transmission belts. Thus, the technological advancements in belt materials surge the growth of market size surpassing USD 1.43 Billion in 2024 to reach the valuation of USD 2.00 Billion by 2032.

The mining industry's growth, particularly in developing regions, is driving the need for robust machinery equipped with rubber transmission belts. Thus, the increasing demand in the mining sector enables the market to grow at a CAGR of 4.24% from 2026 to 2032.

Rubber Transmission Belts Market: Definition/ Overview

Rubber transmission belts are widely used in various manufacturing industries, serving key roles in material handling, conveyor systems, and power transmission. These belts are primarily constructed from low-modulus materials such as rubber, balata, leather, and fiber, which provide the necessary flexibility and strength for industrial applications. Rubber transmission belts are formed into a loop and designed to transport raw materials and finished goods efficiently from one location to another within factories and warehouses.

Key characteristics of rubber transmission belts include shock resistance, elasticity, heat resistance, and water resistance, making them highly suitable for demanding environments. The ability to absorb shocks and vibrations enhances the smoothness and efficiency of operations, while their resistance to heat and water ensures durability in harsh industrial conditions.

Rubber conveyor belts, a type of transmission belt, are typically manufactured using natural or synthetic rubber, depending on the specific industrial application. These belts are crucial in sectors such as automotive, mining, agriculture, and manufacturing, where the efficient movement of products is vital for maintaining operational flow. When selecting a rubber transmission belt, manufacturers must consider critical specifications such as belt width, thickness, material composition, hardness, and type. These factors determine the belt's suitability for specific load capacities, operating conditions, and performance requirements across diverse industries.

How the Rapid Industrialization in Developing Countries and Trends towards Automated Manufacturing Process Surge the Growth of Rubber Transmission Belts Market?

The growth of manufacturing sectors in countries like China and India is driving demand for rubber transmission belts used in various industrial applications. According to the World Bank, the manufacturing value added (% of GDP) in India increased from 14.8% in 2010 to 17.4% in 2021. In China, it remained strong at 27.4% in 2021, despite a slight decrease from its peak. The trend towards automated manufacturing processes to increase productivity is boosting the demand for rubber transmission belts in machinery. The International Federation of Robotics (IFR) reported that global robot installations reached 517,385 units in 2021, representing a 31% year-on-year growth and exceeding the pre-pandemic record of 422,000 units in 2018. The International Council on Mining and Metals (ICMM) reports that the mining industry's contribution to national economies has increased in 78% of the world's mining countries over the past two decades.

The automotive sector is a significant consumer of rubber transmission belts, and its growth directly impacts the market. According to the International Organization of Motor Vehicle Manufacturers (OICA), global motor vehicle production reached 85.01 million units in 2021, a 3% increase from 2020, indicating recovery and growth in the sector. Agricultural machinery extensively uses rubber transmission belts, and the sector's growth contributes to market expansion. The Food and Agriculture Organization (FAO) reports that the global agricultural machinery market was valued at USD 157.4 Billion in 2022 and is projected to reach $197.9 billion by 2027, growing at a CAGR of 4.7%.

How does the Competition from Low-cost Asian Manufacturers Impede the Growth of the Rubber Transmission Belts Market?

The availability of affordable labor and resources in Asia has led to increased competition from low-cost manufacturers. According to a report by the European Commission, imports of rubber products (including transmission belts) from China to the EU increased by 5.8% annually between 2015 and 2019, indicating the growing market share of Asian manufacturers. The rubber industry is subject to volatile raw material prices, which can impact production costs and profit margins. The International Rubber Study Group reports that natural rubber prices fluctuated significantly, with prices ranging from approximately $1.20 to $2.80 per kilogram between 2017 and 2021, representing a variance of over 130%.

The transition to electric vehicles (EVs) may reduce demand for traditional rubber transmission belts, as EVs typically require fewer belts than internal combustion engine vehicles. The International Energy Agency (IEA) projects that by 2030, global EV sales could reach 125 million units annually, potentially reducing the demand for traditional automotive components like rubber transmission belts. Stricter environmental regulations and growing sustainability concerns may impact the production and disposal of rubber transmission belts. The European Tyre and Rubber Manufacturers' Association (ETRMA) reports that in 2019, about 95% of end-of-life tires in Europe were collected and treated for material recycling or energy recovery, indicating increasing pressure on the rubber industry to address environmental concerns. The development of advanced materials and technologies may lead to the replacement of traditional rubber belts in some applications.

Category-Wise Acumens

How the Unique Design with Trapezoidal Cross-section Foster the Growth of V-belts Segment?

The V-belts segment dominates the rubber transmission belts market, driven by their versatility, efficiency, and wide range of applications. V-belts are uniquely designed with a trapezoidal cross-section that allows them to fit securely in pulley grooves, ensuring superior grip and minimal slippage. This design contributes to their high performance in power transmission, making them the preferred choice in industries such as automotive, industrial machinery, and agriculture. V-belts are favored for their ability to handle heavy loads and maintain reliable performance, even in harsh operating environments. V-belts offer an optimal balance between initial cost and long-term operational efficiency. Their relatively low maintenance requirements further enhance their appeal, as they do not need frequent adjustments or lubrication, reducing downtime and overall maintenance costs for businesses.

While V-belts are ideal for applications requiring moderate precision, timing belts are gaining traction in areas where precise timing and synchronization are crucial, such as in engine camshafts and industrial robotics. Despite this, V-belts remain the go-to solution for general power transmission applications, offering durability, ease of installation, and compatibility with a wide range of machinery, cementing their position as the leading product type in the rubber transmission belts market.

How does the High-Power Transmission Capacity Accelerate the Growth of The Industrial Segment?

The industrial segment dominates in the rubber transmission belts owing to the extensive range of machinery and equipment that depend on these belts for efficient operation. In manufacturing, mining, and energy industries, rubber transmission belts are essential for power transmission in various machinery, including conveyors, pumps, compressors, and more. These belts are designed to meet the rigorous demands of industrial applications, where high power transmission capacity, durability, and resistance to harsh environments are critical.

Industrial machinery often operates under strenuous conditions, including exposure to extreme temperatures, chemicals, and heavy loads. Rubber transmission belts are favored for their ability to withstand such environments while maintaining performance and longevity. Their elasticity and shock resistance make them ideal for handling fluctuating loads and ensuring smooth operation of machinery. Additionally, their heat and water resistance further enhance their durability, minimizing downtime and maintenance costs.

The industrial sector's reliance on efficient power transmission solutions has driven innovation in rubber transmission belt materials and designs. As industrial automation and production rates continue to rise, the demand for robust, low-maintenance belts that can deliver consistent performance is expected to grow, solidifying the dominance of the industrial segment in the rubber transmission belts market.

Country/Region-wise Acumens

How did the Rapid Industrialization and Manufacturing Growth Surge the Growth of the Rubber Transmission Belts Market in Asia Pacific?

Asia Pacific substantially dominates the rubber transmission belt market owing to the significant industrial expansion, driving demand for rubber transmission belts in various manufacturing sectors. According to the Asian Development Bank (ADB), industrial production in developing Asia grew by 6.8% in 2021 and is projected to grow by 5.1% in 2022. China's industrial production, a major contributor to the region's growth, increased by 3.6% year-on-year in 2022 despite global economic challenges. The automotive sector in Asia Pacific is growing rapidly, increasing the demand for rubber transmission belts used in vehicle manufacturing and maintenance. The China Association of Automobile Manufacturers (CAAM) reports that in 2022, China's auto production reached 27.02 million units, with sales of 26.86 million units. Despite a slight year-on-year decrease due to global supply chain issues, these numbers represent a significant portion of global automotive production and sales.

Ongoing infrastructure projects and construction activities across the Asia Pacific region are driving demand for rubber transmission belts used in construction equipment and machinery. The Asian Infrastructure Investment Bank (AIIB) projects that Asia will need to invest $26 trillion from 2016 to 2030, or USD 1.7 Trillion per year, to maintain its growth momentum, tackle poverty, and respond to climate change. This massive investment in infrastructure is likely to boost demand for industrial components like rubber transmission belts.

How does the Resurgence in Manufacturing and Reshoring Initiatives Foster the Growth of the Rubber Transmission Belts Market in North America?

North America is anticipated to witness the fastest growth in the rubber transmission belt market during the forecast period owing to the region experiencing a revival in manufacturing activities, partly driven by reshoring efforts and government initiatives to strengthen domestic production. According to the Reshoring Initiative's 2021 Data Report, the U.S. saw a record 261,000 jobs announced as coming back from offshore, representing a 46% increase from 2020. This trend is likely to boost demand for industrial components like rubber transmission belts.

Significant investments in upgrading and modernizing infrastructure across North America are driving demand for industrial machinery and equipment that use rubber transmission belts. The U.S. Infrastructure Investment and Jobs Act, signed into law in November 2021, allocates USD 1.2 Trillion for infrastructure improvements over five years. This includes USD 110 Billion for roads and bridges, USD 66 Billion for railroads, and USD 42 Billion for ports and airports, all of which could contribute to increased demand for industrial components.

The expansion of renewable energy projects, particularly wind and solar, is creating new opportunities for rubber transmission belts in power generation equipment. The U.S. Energy Information Administration (EIA) projects that renewable energy sources will account for 44% of U.S. electricity generation by 2050, up from 21% in 2022. Wind and solar generation are expected to account for 27% of total electricity generation by 2050, potentially driving demand for specialized transmission belts used in these technologies.

Competitive Landscape

The Rubber Transmission Belts Market is constantly evolving, with new technologies and applications emerging. Organizations must carefully evaluate their specific needs and requirements when selecting a rubber transmission belt vendor.

The organizations are focusing on innovating their product line to serve the vast population in diverse regions. Some of the prominent players operating in the rubber transmission belts market include:

  • ContiTech AG
  • Gates Industrial Corporation plc
  • SKF, Mitsuboshi Belting Ltd.
  • HIC International Co, Inc.
  • Hanna Rubber Company
  • Jonson Rubber Industries Limited
  • Chiorino S.p.A.
  • Megadyne Group
  • Habasit AG

Latest Developments:

  • In March 2023, ContiTech, a branch of Continental A.G., rebranded its industrial drive belts business as Continuity. The new name reflects the company's commitment to a consistent supply chain, production, and innovation for its V-belt and timing belt lines.
  • In March 2023, Continental announced the launch of a new generation of timing belts, "The Synchromotion, for power." Transmission in harsh conditions.

Rubber Transmission Belts Market, By Category

  • Product:
  • Raw Edged Belts
  • V-Belts
  • Timing Belts
  • Wrapped Belts
  • Specialty Belts
  • Application:
  • Industrial
  • Agricultural
  • Automotive
  • Mining
  • Region:
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 MARKET DEFINITION
  • 1.2 MARKET SEGMENTATION
  • 1.3 RESEARCH TIMELINES
  • 1.4 ASSUMPTIONS
  • 1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

  • 2.1 DATA MINING
  • 2.2 SECONDARY RESEARCH
  • 2.3 PRIMARY RESEARCH
  • 2.4 SUBJECT MATTER EXPERT ADVICE
  • 2.5 QUALITY CHECK
  • 2.6 FINAL REVIEW
  • 2.7 DATA TRIANGULATION
  • 2.8 BOTTOM-UP APPROACH
  • 2.9 TOP-DOWN APPROACH
  • 2.10 RESEARCH FLOW

3 EXECUTIVE SUMMARY

  • 3.1 MARKET OVERVIEW
  • 3.2 GLOBAL RUBBER TRANSMISSION BELTS MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
  • 3.3 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY APPLICATION

(USD MILLION) 22

  • 3.4 GLOBAL RUBBER TRANSMISSION BELTS MARKET, BY PRODUCT (USD MILLION)
  • 3.5 FUTURE MARKET OPPORTUNITIES
  • 3.6 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

  • 4.1 GLOBAL RUBBER TRANSMISSION BELTS MARKET OUTLOOK
  • 4.2 MARKET DRIVERS
    • 4.2.1 GROWING APPLICATION OF RUBBER TRANSMISSION BELTS

VARIOUS END-USE INDUSTRIES

    • 4.2.2 INCREASING INVESTMENTS IN MODERNIZING MANUFACTURING

PLANT FACILITIES

  • 4.3 MARKET RESTRAINTS
    • 4.3.1 COMPETITIVE PRICING STRATEGY OF LOW-COST ASIAN MANUFACTURERS
    • 4.3.2 FUNCTIONAL DISADVANTAGES OF TRANSMISSION BELTS
  • 4.4 MARKET OPPORTUNITIES
    • 4.4.1 GROWING OPPORTUNITIES IN EMERGING ECONOMIES
  • 4.5 COVID19 IMPACT ON THE MARKET
  • 4.6 PORTER'S FIVE FORCES ANALYSIS
  • 4.7 VALUE CHAIN ANALYSIS

5 MARKET, BY APPLICATION

  • 5.1 OVERVIEW
  • 5.2 INDUSTRIAL
  • 5.3 AUTOMOTIVE
  • 5.4 AGRICULTURE
  • 5.5 MINING
  • 5.6 OTHERS

6 MARKET, BY PRODUCT

  • 6.1 OVERVIEW
  • 6.2 RAW EDGED BELTS
  • 6.3 V-BELTS
  • 6.4 TIMING BELTS
  • 6.5 WRAPPED BELTS
  • 6.6 SPECIALTY BELTS
  • 6.7 OTHERS

7 MARKET, BY GEOGRAPHY

  • 7.1 OVERVIEW
  • 7.2 NORTH AMERICA
    • 7.2.1 NORTH AMERICA MARKET SNAPSHOT
    • 7.2.2 U.S
    • 7.2.3 CANADA
    • 7.2.4 MEXICO
  • 7.3 EUROPE
    • 7.3.1 EUROPE MARKET SNAPSHOT
    • 7.3.2 GERMANY
    • 7.3.3 UK
    • 7.3.4 FRANCE
    • 7.3.5 REST OF EUROPE
  • 7.4 ASIA PACIFIC
    • 7.4.1 ASIA PACIFIC MARKET SNAPSHOT
    • 7.4.2 CHINA
    • 7.4.3 JAPAN
    • 7.4.4 INDIA
    • 7.4.5 REST OF APAC
  • 7.5 ROW
    • 7.5.1 ROW MARKET SNAPSHOT
    • 7.5.2 MIDDLE EAST AND AFRICA
    • 7.5.3 LATIN AMERICA

8 COMPETITIVE LANDSCAPE

  • 8.1 OVERVIEW
  • 8.2 COMPETITIVE SCENARIO
  • 8.3 COMPANY MARKET RANKING ANALYSIS

9 COMPANY PROFILES

ContiTech AG

Gates Industrial Corporation plc

SKF, Mitsuboshi Belting Ltd.

HIC International Co, Inc.

Hanna Rubber Company

Jonson Rubber Industries Limited

Chiorino S.p.A.

Megadyne Group

Habasit AG