The Market Reports

Synopsis
The global market for Rubber V belt was estimated to be worth US$ 2011 million in 2024 and is forecast to a readjusted size of US$ 2600 million by 2031 with a CAGR of 3.8% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Rubber V belt cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
A Rubber V-Belt is a mechanical power transmission belt with a trapezoidal (V-shaped) cross-section, made primarily of rubber and reinforcing cords. It is widely used to transmit power between rotating shafts in engines, industrial machinery, and HVAC systems.
Global 5 largest manufacturers of Rubber V belt are Gates, MITSUBOSHI, Bando, Fenner and Sanlux Co.,Ltd, which make up over 53%. Among them, Gates is the leader with about 20% market share. Europe is the largest market, with a share about 30%, followed by North America and China , with the share about 23% and 17%. In terms of product type, Wrapped V-belt occupy the largest share of the total market, about 75%. And in terms of product Application, the largest application is Industrial Machinery Field, followed by Automotive Field.
The rubber V - belt market has significant potential across various applications, driven by its reliability and efficiency in power transmission. In the automotive industry, rubber V - belts are crucial for driving accessories such as alternators, water pumps, and air - conditioning compressors. They ensure smooth operation of these components, maintaining the vehicle's electrical supply, engine cooling, and passenger comfort. As the global automotive market continues to expand, with growing production of both conventional and electric vehicles (where V - belts are still used for certain auxiliary functions), the demand for rubber V - belts in this sector remains robust. In industrial machinery, rubber V - belts are widely employed in conveyor systems, agricultural equipment, and manufacturing plants. For example, in food processing plants, they power conveyor belts that transport products, while in agricultural machinery like tractors, they drive various implements. Their ability to handle different load requirements, resist wear, and operate quietly makes them a preferred choice. Additionally, in the HVAC systems of commercial buildings, rubber V - belts drive fans and blowers, facilitating proper air circulation and temperature control. With ongoing industrialization and infrastructure development worldwide, the rubber V - belt market is poised for continued growth across these diverse applications.
This report aims to provide a comprehensive presentation of the global market for Rubber V belt, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Rubber V belt by region & country, by Type, and by Application.
The Rubber V belt market size, estimations, and forecasts are provided in terms of sales volume (M Am) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Rubber V belt.
Market Segmentation
By Company
Gates
MITSUBOSHI
Bando
Fenner
Optibelt GmbH
HUTCHINSON
Continental
Megadyne
Dayco
OMFA Rubbers
Semperit AG
Sanlux
Sanwei Rubber
Baolilai Power Transmission
Weishi Jiulong Rubber Co., Ltd.
Zhejiang Sihai Rubber Co., Ltd.
Zhejiang Jinjiu Rubber Belt Co., Ltd.
Zhejiang Tianji Rubber Co., Ltd.
Zhejiang Powerbelt Co., Ltd.
Taizhou Feilizhou Rubber-Belt Co., Ltd.
Sanmen Binlong Transmission Belt Co., Ltd.
Segment by Type
Wrapped V-belt
Cut V-belt
Segment by Application
Industrial Machinery
Agricultural
Automotive
Other
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Rubber V belt manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Rubber V belt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Rubber V belt in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index