Steel Cord Conveyer Belt Market Key Highlights:
- Market Size (2023): USD 1,283 Million
- Projected Market Size (2034): USD 2,194 Million
- CAGR (2023-2034): 5%
Pricing Analysis:
- Price Growth
- Regional Variations
Volume Analysis:
Import-Export Data
- Major Importers
- Major Exporters
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Price by Manufacturer
- Examination of pricing strategies adopted by various manufacturers.
Steel Cord Conveyer Belt Market Definition
The steel cord conveyer belt market refers to the production, distribution, and use of these belts which are characterized by a steel brassed carcass made by low elongation cords in wrap, giving the belt an excellent breaking load. These types of belts are used mainly for physically demanding, heavy loads and long-haul conveying applications. These are specifically suitable for high-volume flows, high mass, and abrasive materials. There is a high demand for these belts in the oil & gas, transportation, construction, industrial, and mining sectors, which drives the growth of the steel cord conveyer belt market.
The restraining factors of these belts include high competition from key players, stringent regulations, changing raw material prices, slowdown of infrastructure projects, high initial investment, etc., which can limit the market’s growth. The future scope of the market includes technological innovation and advancement for these types of belts, a strong market expansion, quality product development, investment in research and development, etc., factors that will help the growth of the steel cord conveyer belt market. Asia Pacific region dominates the growth of the market. In October 2024, to manufacture heavy-duty steel cord conveyer belts, Continental AG expanded its plant in Ponta Grossa, Brazil.
Steel Cord Conveyer Belt Market Segmentation:
By Type
- Ordinary Type
- Flame-retardant
- Heat-resistant
By Application
- Mining
- Construction
- Electricity
- Other
Steel Cord Conveyer Belt Market Companies:
- ContiTech
- Fenner
- Bridgestone
- YOKOHAMA
- Bando
- COBRA Group
- HSIN YUNG
- DRB
- ARTEGO
- Jagruti Rubber
- Forech
- PHOENIX CBS
- SEMPERIT
- Wuxi Boton
- Zhejiang Double Arrow
- Shandong Aneng
- QingDao Rubber Six
- Fuxin Huanyu
- Baoding Huayue
- Zhejiang Sanwei
- Hebei Yichuan
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