In 2023, the import value of transmission belts of rubber to the US was $164.6 million. From 2024 to 2028, a steady annual increase is forecasted, with the value reaching $169.3 million by 2028. This represents a year-on-year growth rate of approximately 0.6% to 0.7% during the period. The Compounded Annual Growth Rate (CAGR) over the five-year forecast period averages around 0.7%.

Future trends to watch for include:

Technological advancements in synthetic materials which could influence demand and cost.
Changes in trade policies, affecting import dynamics and cost structures.
Global economic conditions that may impact manufacturing and industrial activities, thus influencing rubber belt market needs.