Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Aerospace Drive Belts Market by Type (Timing Belts, Open-Ended Belts, V-Ribbed Belts), By Application (Military Aerospace, Commercial Aerospace, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Aerospace Drive Belts Market by Type (Timing Belts, Open-Ended Belts, V-Ribbed Belts), By Application (Military Aerospace, Commercial Aerospace, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 302023 4200 Automobile & Transportation 377 131 Pages 4.9 (32)
                                          

Market Overview:


The global aerospace drive belts market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for commercial and military aircraft across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. Based on type, timing belts accounted for a major share of the global aerospace drive belts market in 2017. This segment is projected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030 due to its high durability and resistance against wear and tear as compared with other types of drive belts available in the market.


Global Aerospace Drive Belts Industry Outlook


Product Definition:


Aerospace Drive Belts are used in many different applications throughout the aerospace industry. They are typically made from a rubber or plastic compound and are used to power various mechanisms in an aircraft or spacecraft. The importance of Aerospace Drive Belts is that they provide a reliable and efficient means of transmitting power from one component to another.


Timing Belts:


By product, Timing Belts are segmented into Fixed, Rotating and Fluid-driven. The timing belt is a key component in any power driven mechanism. It provides the necessary periodic maintenance required for keeping the system running smoothly by ensuring that all components operate at their proper frequency.


The aerospace industry has been witnessing significant growth over the past few years on account of increasing air passenger traffic coupled with rising defense expenditure across major economies such as India, China.


Open-Ended Belts:


Open-ended belts are also known as open-end drive belts or simply end belts. They have a continuous, unidirectional stretch and no cross-over rollers like V Belts do. End Belt is used in place of conventional Flat Belts for various applications such as cranes, conveyor drives & pulleys, machine guards & idlers and others where high flexibility is required.


Application Insights:


The military aerospace application segment led the market and accounted for more than 45.0% share of the global revenue in 2017. The growth is attributed to increasing defense expenditure by countries such as U.S., China, Russia, Saudi Arabia, and France on account of security concerns regarding terrorism. Furthermore, growing emphasis on reducing aircraft weight to increase fuel efficiency is likely to drive demand for ADB over the forecast period.


Commercial aerospace includes passenger travel and transportation of cargo/goods by air among other applications such as business aviation or air taxiing at airports that require precision in positioning equipment or machinery on an aircraft with a high degree of safety.


Regional Analysis:


The market in the Asia Pacific and Middle East & Africa is anticipated to grow at a significant rate over the forecast period. The growth can be attributed to increasing military spending by countries such as China, India, Pakistan and others. For instance, according to IISS 2017 publication, China’s defense budget increased by 11% in 2016-2017 fiscal year which is estimated to reach USD X billion. This will create a positive impact on the overall aerospace drive belts industry over the next eight years.


North America accounted for more than 25% of global revenue share in 2017 owing to high demand from various end-use industries such as aerospace and defense coupled with stringent government regulations regarding energy consumption per aircraft operated (Watts). In addition, growing environmental concerns have resulted into shifting preference towards eco-friendly products thus positively impacting market growth over next eight years.


Growth Factors:


  • Increasing demand for aircrafts in the commercial and defense sectors is expected to drive the aerospace drive belts market growth.
  • The increasing adoption of electric vehicles is also anticipated to fuel the demand for aerospace drive belts over the forecast period.
  • Growing investments in research and development activities for new technologies is projected to create opportunities for market growth.
  • The increasing trend of miniaturization across various industries is expected to propel the demand for smaller and lighter weight aerospace drive belts over the forecast period .

Scope Of The Report

Report Attributes

Report Details

Report Title

Aerospace Drive Belts Market Research Report

By Type

Timing Belts, Open-Ended Belts, V-Ribbed Belts

By Application

Military Aerospace, Commercial Aerospace, Others

By Companies

Continental, Hutchinson, McFarlane Aviation, Continental

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

131

Number of Tables & Figures

92

Customization Available

Yes, the report can be customized as per your need.


Global Aerospace Drive Belts Market Report Segments:

The global Aerospace Drive Belts market is segmented on the basis of:

Types

Timing Belts, Open-Ended Belts, V-Ribbed Belts

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Military Aerospace, Commercial Aerospace, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Continental
  2. Hutchinson
  3. McFarlane Aviation
  4. Continental

Global Aerospace Drive Belts Market Overview


Highlights of The Aerospace Drive Belts Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Timing Belts
    2. Open-Ended Belts
    3. V-Ribbed Belts
  1. By Application:

    1. Military Aerospace
    2. Commercial Aerospace
    3. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aerospace Drive Belts Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global Aerospace Drive Belts Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Aerospace Drive Belts are a type of belt that is used in aircraft to transfer power from the engine to the propeller.

Some of the major companies in the aerospace drive belts market are Continental, Hutchinson, McFarlane Aviation, Continental.

The aerospace drive belts market is expected to grow at a compound annual growth rate of 5.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Drive Belts Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Aerospace Drive Belts Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Aerospace Drive Belts Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Aerospace Drive Belts Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Aerospace Drive Belts Market Size & Forecast, 2018-2028       4.5.1 Aerospace Drive Belts Market Size and Y-o-Y Growth       4.5.2 Aerospace Drive Belts Market Absolute $ Opportunity

Chapter 5 Global Aerospace Drive Belts Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Aerospace Drive Belts Market Size Forecast by Type
      5.2.1 Timing Belts
      5.2.2 Open-Ended Belts
      5.2.3 V-Ribbed Belts
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Aerospace Drive Belts Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Aerospace Drive Belts Market Size Forecast by Applications
      6.2.1 Military Aerospace
      6.2.2 Commercial Aerospace
      6.2.3 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Aerospace Drive Belts Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Aerospace Drive Belts Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Aerospace Drive Belts Analysis and Forecast
   9.1 Introduction
   9.2 North America Aerospace Drive Belts Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Aerospace Drive Belts Market Size Forecast by Type
      9.6.1 Timing Belts
      9.6.2 Open-Ended Belts
      9.6.3 V-Ribbed Belts
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Aerospace Drive Belts Market Size Forecast by Applications
      9.10.1 Military Aerospace
      9.10.2 Commercial Aerospace
      9.10.3 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Aerospace Drive Belts Analysis and Forecast
   10.1 Introduction
   10.2 Europe Aerospace Drive Belts Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Aerospace Drive Belts Market Size Forecast by Type
      10.6.1 Timing Belts
      10.6.2 Open-Ended Belts
      10.6.3 V-Ribbed Belts
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Aerospace Drive Belts Market Size Forecast by Applications
      10.10.1 Military Aerospace
      10.10.2 Commercial Aerospace
      10.10.3 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Aerospace Drive Belts Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Aerospace Drive Belts Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Aerospace Drive Belts Market Size Forecast by Type
      11.6.1 Timing Belts
      11.6.2 Open-Ended Belts
      11.6.3 V-Ribbed Belts
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Aerospace Drive Belts Market Size Forecast by Applications
      11.10.1 Military Aerospace
      11.10.2 Commercial Aerospace
      11.10.3 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Aerospace Drive Belts Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Aerospace Drive Belts Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Aerospace Drive Belts Market Size Forecast by Type
      12.6.1 Timing Belts
      12.6.2 Open-Ended Belts
      12.6.3 V-Ribbed Belts
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Aerospace Drive Belts Market Size Forecast by Applications
      12.10.1 Military Aerospace
      12.10.2 Commercial Aerospace
      12.10.3 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Aerospace Drive Belts Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Aerospace Drive Belts Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Aerospace Drive Belts Market Size Forecast by Type
      13.6.1 Timing Belts
      13.6.2 Open-Ended Belts
      13.6.3 V-Ribbed Belts
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Aerospace Drive Belts Market Size Forecast by Applications
      13.10.1 Military Aerospace
      13.10.2 Commercial Aerospace
      13.10.3 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Aerospace Drive Belts Market: Competitive Dashboard
   14.2 Global Aerospace Drive Belts Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details â€“ Overview, Financials, Developments, Strategy) 
      14.3.1 Continental
      14.3.2 Hutchinson
      14.3.3 McFarlane Aviation
      14.3.4 Continental

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