Industry Development Status 1: Production accounts for about one third of global total output

At present, China's conveyor belt industry plays an important role in the global conveyor belt industry, is the world's largest production and consumption, production accounts for about 1/3 of the world's total output. With the continuous growth of China's economy, the demand for conveyor belt industry is increasing year by year with the continuous development of downstream industries, and the output of conveyor belt is increasing. According to the statistical yearbook of China's rubber industry, the output of China's conveyor belt in 2018 is close to 700 million square meters.

Industry Development Status 2: Rubber Conveyor Belt Market Space Change Small

There are five main industries downstream of rubber conveyor belt (heavy duty), which are coal, steel, power generation, cement and port, among which coal is the most important downstream, accounting for about 50% of the demand for conveyor belt. In terms of coal production, since 2013, the overall coal production has shown a downward trend, so it is inferred that the market space of rubber conveyor belt has not changed much.

Rubber conveyor belt (heavy duty) accounts for about 90% of the conveyor belt market. According to this estimate, the output of rubber conveyor belt in China is about 600 million square meters in 2018.

Industry Development Status Three: Light Conveyor Belt Future Alternative Market Space

The downstream of light conveyor belt is mainly food, electronics and other industries. Taking food processing income and electronic component output as an example, since 2010, the compound growth rate of food processing income and electronic component output has been 16% and 9%, respectively. It is estimated that the market space of light conveyor belt will increase by more than 10% annually in the future. About 67 million square meters.

Alternative traditional conveyor belt market space: although the global conveyor belt market growth space is limited, but new materials light conveyor belt growth of 10% per year, New material light conveyor belt into the field of foreign conveyor belt new development has reached the whole conveyor belt industry 37%, while China's light conveyor belt ratio of less than 10. If calculated according to 30% ratio, the alternative market space of domestic light conveyor belt is about 6.0~20=120 million square meters.

Industry Market Prospects: Industrialization Drive Conveyor Belt Demand

Our country is still in a developing industrialized country, Mechanization and assembly of production will also lead to increased demand for conveyor belts. In 2018, In industries over the year, The added value of agricultural food processing industry increased by 5.9% over the previous year, The textile industry grew by 1.0 per cent, Manufacturing of chemical raw materials and chemicals increased by 3.6 per cent, Growth of 4.6 per cent in non-metallic mineral products, The ferrous metal smelting and calender processing industry increased by 7.0 per cent, General equipment manufacturing grew 7.2 per cent, Manufacturing of specialized equipment increased by 10.9 per cent, The auto industry grew 4.9 percent, Electrical machinery and equipment manufacturing grew by 7.3 per cent, The manufacturing of computers, communications and other electronic equipment grew by 13.1 per cent, Electricity, thermal production and supply grew by 9.6 per cent. As you can see, The downstream market of the conveyor belt is growing faster, For example, electricity and thermal production and supply increased by 9.6 per cent; The added value of agricultural food processing industry increased by 5.9% over the previous year. With the development of production methods, Conveyor belts are becoming more widely applicable, It also drives demand growth.