Market Overview:
The global banded wedge V-belt market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for banded wedge V-belts in various applications, such as mining, industrial, construction and others. In terms of type, the 3V banded type segment is expected to lead the global market during the forecast period. This can be attributed to its high demand in various applications across different regions.
Product Definition:
A banded wedge V-belt is a type of V-belt that has a band of fabric or other material wrapped around its width. This helps to keep the belt from slipping off the pulleys. Banded wedge V-belts are typically used in applications where there is high torque or vibration, such as in motors and generators.
3V Banded Type:
3V banded type is a special kind of V-belts, which has three equally spaced grooves in the surface of its polyester or nylon fiber. The belts are used for transmitting mechanical power from one place to another with minimum loss. They are widely used in various industries including construction, food & beverages and chemical processing among others owing to their properties such as high strength and efficiency at low speed.
5V Banded Type:
5V Banded Type is used in the market as a power supply for electronic equipment such as computers, laptops, tablets and smartphones. It has two major functions including charging of devices and data transfer. The 5V banded type is suitable to be used in countries where the electricity supply voltage is between 3VDC and 30VDC.
Application Insights:
The mining application segment led the global banded wedge v-belt market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for coal, metal and other minerals from various industries across the globe.
Banded wedge belts are used in underground mines for moving mineral extraction equipment such as trucks, draglines, loaders etc., along with extracted minerals such as coal, iron ore etc. They are also used in surface mines where there is need to transport large volumes of rocks or soil for processing into useful products like cement etc., or where there is a high risk of vibration due to heavy machinery operations onsite.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising industrialization, especially in China and India. Furthermore, rapid urbanization coupled with increasing construction activities is also expected to drive product demand over the next eight years.
The North America market for banded wedge v-belts was valued at USD X million in 2017 owing to growing use of electric motors for mining applications as well as industrial machinery such as fans, pumps etc. In addition, presence of a large number of oil & gas companies has led to increased exploration activities which has resulted into huge requirement for Wedge V-Belts across this region since past few years. However; recent outbreak of COVID-19 related Coronavirus Disease (CVD) across countries such as U.S.
Growth Factors:
- Increasing demand for Banded Wedge V-belts from the automotive industry as they are used in power transmission systems for vehicles.
- Growing popularity of belt-driven alternators over gear-driven alternators, which is expected to boost the demand for Banded Wedge V-belts in the coming years.
- Rising investments in infrastructure development projects across the globe, which is likely to create new opportunities for Banded Wedge V-belt manufacturers and suppliers in the near future.
- Proliferation of online retail platforms that offer a wide range of banded wedge v belts at competitive prices, thereby boosting sales volumes globally. 5) The increasing trend of miniaturization across various industries is anticipated to result in higher demand for smaller banded wedge v belts over larger ones, thus propelling market growth during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Banded Wedge V-belt Market Research Report
By Type
3V Banded Type, 5V Banded Type, 8V Banded Type, Others
By Application
Mining, Industrial, Construction, Others
By Companies
Dunlop, SKF, Bando, ContiTech, COLMANT CUVELIER, Dayco, Fenner PLC (Michelin), Vinko Auto Industries (VAIL), Flexer Rubber, Goodyear, HUTCHINSON (Total SA), Lovejoy, Megadyne, Optibelt, OMFA Rubbers, Dharamshila Belting, N.K. Enterprises, Gates, Mitsuboshi, BEHA, Sanlux
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Banded Wedge V-belt Market Report Segments:
The global Banded Wedge V-belt market is segmented on the basis of:
Types
3V Banded Type, 5V Banded Type, 8V Banded Type, Others
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
Mining, Industrial, Construction, 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:
- Dunlop
- SKF
- Bando
- ContiTech
- COLMANT CUVELIER
- Dayco
- Fenner PLC (Michelin)
- Vinko Auto Industries (VAIL)
- Flexer Rubber
- Goodyear
- HUTCHINSON (Total SA)
- Lovejoy
- Megadyne
- Optibelt
- OMFA Rubbers
- Dharamshila Belting
- N.K. Enterprises
- Gates
- Mitsuboshi
- BEHA
- Sanlux
Highlights of The Banded Wedge V-belt Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 3V Banded Type
- 5V Banded Type
- 8V Banded Type
- Others
- By Application:
- Mining
- Industrial
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Banded Wedge V-belt 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.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A banded wedge V-belt is a type of belt that has alternating bands of different widths. The bands help to distribute the load more evenly across the belt, which can help to reduce noise and improve performance.
Some of the key players operating in the banded wedge v-belt market are Dunlop, SKF, Bando, ContiTech, COLMANT CUVELIER, Dayco, Fenner PLC (Michelin), Vinko Auto Industries (VAIL), Flexer Rubber, Goodyear, HUTCHINSON (Total SA), Lovejoy, Megadyne, Optibelt, OMFA Rubbers, Dharamshila Belting, N.K. Enterprises, Gates, Mitsuboshi, BEHA, Sanlux.
The banded wedge v-belt 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 Banded Wedge V-belt 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 Banded Wedge V-belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Banded Wedge V-belt 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 Banded Wedge V-belt 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 Banded Wedge V-belt Market Size & Forecast, 2018-2028
4.5.1 Banded Wedge V-belt Market Size and Y-o-Y Growth
4.5.2 Banded Wedge V-belt Market Absolute $ Opportunity
Chapter 5 Global Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Type
5.2.1 3V Banded Type
5.2.2 5V Banded Type
5.2.3 8V Banded Type
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Applications
6.2.1 Mining
6.2.2 Industrial
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Banded Wedge V-belt 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 Banded Wedge V-belt 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 Banded Wedge V-belt Analysis and Forecast
9.1 Introduction
9.2 North America Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Type
9.6.1 3V Banded Type
9.6.2 5V Banded Type
9.6.3 8V Banded Type
9.6.4 Others
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 Banded Wedge V-belt Market Size Forecast by Applications
9.10.1 Mining
9.10.2 Industrial
9.10.3 Construction
9.10.4 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 Banded Wedge V-belt Analysis and Forecast
10.1 Introduction
10.2 Europe Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Type
10.6.1 3V Banded Type
10.6.2 5V Banded Type
10.6.3 8V Banded Type
10.6.4 Others
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 Banded Wedge V-belt Market Size Forecast by Applications
10.10.1 Mining
10.10.2 Industrial
10.10.3 Construction
10.10.4 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 Banded Wedge V-belt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Type
11.6.1 3V Banded Type
11.6.2 5V Banded Type
11.6.3 8V Banded Type
11.6.4 Others
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 Banded Wedge V-belt Market Size Forecast by Applications
11.10.1 Mining
11.10.2 Industrial
11.10.3 Construction
11.10.4 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 Banded Wedge V-belt Analysis and Forecast
12.1 Introduction
12.2 Latin America Banded Wedge V-belt 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 Banded Wedge V-belt Market Size Forecast by Type
12.6.1 3V Banded Type
12.6.2 5V Banded Type
12.6.3 8V Banded Type
12.6.4 Others
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 Banded Wedge V-belt Market Size Forecast by Applications
12.10.1 Mining
12.10.2 Industrial
12.10.3 Construction
12.10.4 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) Banded Wedge V-belt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Banded Wedge V-belt 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) Banded Wedge V-belt Market Size Forecast by Type
13.6.1 3V Banded Type
13.6.2 5V Banded Type
13.6.3 8V Banded Type
13.6.4 Others
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) Banded Wedge V-belt Market Size Forecast by Applications
13.10.1 Mining
13.10.2 Industrial
13.10.3 Construction
13.10.4 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 Banded Wedge V-belt Market: Competitive Dashboard
14.2 Global Banded Wedge V-belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dunlop
14.3.2 SKF
14.3.3 Bando
14.3.4 ContiTech
14.3.5 COLMANT CUVELIER
14.3.6 Dayco
14.3.7 Fenner PLC (Michelin)
14.3.8 Vinko Auto Industries (VAIL)
14.3.9 Flexer Rubber
14.3.10 Goodyear
14.3.11 HUTCHINSON (Total SA)
14.3.12 Lovejoy
14.3.13 Megadyne
14.3.14 Optibelt
14.3.15 OMFA Rubbers
14.3.16 Dharamshila Belting
14.3.17 N.K. Enterprises
14.3.18 Gates
14.3.19 Mitsuboshi
14.3.20 BEHA
14.3.21 Sanlux
