According to our (Global Info Research) latest study, the global Rubber V belt market size was valued at US$ 2140 million in 2025 and is forecast to a readjusted size of US$ 2752 million by 2032 with a CAGR of 3.7% during review period.
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 is a detailed and comprehensive analysis for global Rubber V belt market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Rubber V belt market size and forecasts, in consumption value ($ Million), sales quantity (M Am), and average selling prices (US$/K Am), 2021-2032
Global Rubber V belt market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Am), and average selling prices (US$/K Am), 2021-2032
Global Rubber V belt market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Am), and average selling prices (US$/K Am), 2021-2032
Global Rubber V belt market shares of main players, shipments in revenue ($ Million), sales quantity (M Am), and ASP (US$/K Am), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Rubber V belt
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Rubber V belt market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Gates, MITSUBOSHI, Bando, Fenner, Optibelt GmbH, HUTCHINSON, Continental, Megadyne, Dayco, OMFA Rubbers, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Rubber V belt market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Wrapped V-belt
Cut V-belt
Market segment by Application
Industrial Machinery
Agricultural
Automotive
Other
Major players covered
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.
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Rubber V belt product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Rubber V belt, with price, sales quantity, revenue, and global market share of Rubber V belt from 2021 to 2026.
Chapter 3, the Rubber V belt competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Rubber V belt breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Rubber V belt market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Rubber V belt.
Chapter 14 and 15, to describe Rubber V belt sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Rubber V belt. Industry analysis & Market Report on Rubber V belt is a syndicated market report, published as Global Rubber V belt Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Rubber V belt market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.