QYR Market Research Global Rubber Conveyor Belt Market Research | Page 4

QYResearch
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.