Market Overview:
The global double V-belt 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 double V-belts in various applications, such as mining, industrial, construction, and others. Additionally, the growing awareness about energy efficiency and its benefits is also propelling the growth of this market.
Product Definition:
A double V-belt is a belt that has two V-shaped notches in it, one on each side. It is used to transmit power from a motor to a machine. The double V-belt is important because it can handle more power than a single V-belt and it lasts longer.
Z Toothed:
Zootoothed is a type of gear tooth that has two cutting edges facing in the same direction. The main advantage of this type of tooth is that both edges can be used to transmit torque in either direction, unlike single edge teeth which only allow one side to do so. Zootoothed gears are primarily used where high speed and high power are required such as for driving turbines or electric motors.
A Toothed:
A toothed is a device that can tear or cut the material. It consists of one or more sets of teeth, which are used for cutting and/or tearing the material. A toothed surface normally has serrated edges that create multiple cutting surfaces parallel to the edge and these surfaces normally have different heights as compared to a smooth surface. The higher the number, greater is its size and strength of teeth on each side.
Application Insights:
The construction industry was the largest application segment in the global double v-belt market, accounting for over 35% of the total revenue share in 2017. The product is widely used in various industries such as mining, industrial and construction owing to its superior properties including high tensile strength and flexibility. In addition, it also has a low friction coefficient which further enhances its use in these applications.
The mining industry is expected to emerge as one of the fastest growing segments over the forecast period on account of increasing demand for minerals such as copper (Cu), zinc (Zn), lead (Pb) and silver (Ag). Double belts are mainly used for powering equipment at mines including trucks, draglines excavators etc., since they offer higher power density than single V belts do. Moreover, they can sustain heavy loads owing to their increased holding capacity which further boosts their demand from this sector.
Regional Analysis:
Asia Pacific dominated the global double v-belt market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from various application industries, such as mining, industrial and construction. China is one of the largest consumers of these belts due to its growing manufacturing sector and expanding mining industry.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 on account of rising demand for efficient machinery coupled with stringent government regulations regarding energy consumption in this region. In addition, manufacturers are compelled to increase their production capacities owing to strong customer demand thus driving regional growth further.
Europe also contributed significantly towards market growth owing to high product adoption across several major applications including metal processing, food processing and textile industries among others especially Germany and U Kraine respectively accounting for a revenue share exceeding 20%.
Growth Factors:
- Increasing demand for automobiles and heavy equipment
- Growing construction and infrastructure activities
- Rising industrial output across the globe
- Proliferation of online retailing that is fuelling the demand for logistics and transportation services
- Technological advancements in belt manufacturing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Double V-Belt Market Research Report
By Type
Z Toothed, A Toothed, B Toothed, C Toothed
By Application
Mining, Industrial, Construction, Others
By Companies
Sanlux, Bando Chemical Industrials Ltd, Hutchinson, Continental Industry, MBL Corporation, Mitsuboshi, Bridgestone, Fenner, Yokohama, Zhejiang Double Arrow, Sempertrans, Baoding Huayue, Zhejiang Sanwei, Shandong Phoebus, Wuxi Boton, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe
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
133
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Double V-Belt Market Report Segments:
The global Double V-Belt market is segmented on the basis of:
Types
Z Toothed, A Toothed, B Toothed, C Toothed
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:
- Sanlux
- Bando Chemical Industrials Ltd
- Hutchinson
- Continental Industry
- MBL Corporation
- Mitsuboshi
- Bridgestone
- Fenner
- Yokohama
- Zhejiang Double Arrow
- Sempertrans
- Baoding Huayue
- Zhejiang Sanwei
- Shandong Phoebus
- Wuxi Boton
- Zhangjiagang Huashen
- HSIN YUNG
- Fuxin Shuangxiang
- Anhui Zhongyi
- QingDao Rubber Six
- Hebei Yichuan
- Smiley Monroe
Highlights of The Double 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:
- Z Toothed
- A Toothed
- B Toothed
- C Toothed
- 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 Double 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.
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- 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?
Double V-Belt is a type of belt that has two rows of holes. The belt is worn around the waist and it helps to support the stomach and intestines.
Some of the major players in the double v-belt market are Sanlux, Bando Chemical Industrials Ltd, Hutchinson, Continental Industry, MBL Corporation, Mitsuboshi, Bridgestone, Fenner, Yokohama, Zhejiang Double Arrow, Sempertrans, Baoding Huayue, Zhejiang Sanwei, Shandong Phoebus, Wuxi Boton, Zhangjiagang Huashen, HSIN YUNG, Fuxin Shuangxiang, Anhui Zhongyi, QingDao Rubber Six, Hebei Yichuan, Smiley Monroe.
The double 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 Double 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 Double V-Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double 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 Double 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 Double V-Belt Market Size & Forecast, 2018-2028
4.5.1 Double V-Belt Market Size and Y-o-Y Growth
4.5.2 Double V-Belt Market Absolute $ Opportunity
Chapter 5 Global Double 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 Double V-Belt Market Size Forecast by Type
5.2.1 Z Toothed
5.2.2 A Toothed
5.2.3 B Toothed
5.2.4 C Toothed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Double 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 Double 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 Double 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 Double 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 Double V-Belt Analysis and Forecast
9.1 Introduction
9.2 North America Double 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 Double V-Belt Market Size Forecast by Type
9.6.1 Z Toothed
9.6.2 A Toothed
9.6.3 B Toothed
9.6.4 C Toothed
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 Double 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 Double V-Belt Analysis and Forecast
10.1 Introduction
10.2 Europe Double 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 Double V-Belt Market Size Forecast by Type
10.6.1 Z Toothed
10.6.2 A Toothed
10.6.3 B Toothed
10.6.4 C Toothed
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 Double 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 Double V-Belt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Double 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 Double V-Belt Market Size Forecast by Type
11.6.1 Z Toothed
11.6.2 A Toothed
11.6.3 B Toothed
11.6.4 C Toothed
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 Double 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 Double V-Belt Analysis and Forecast
12.1 Introduction
12.2 Latin America Double 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 Double V-Belt Market Size Forecast by Type
12.6.1 Z Toothed
12.6.2 A Toothed
12.6.3 B Toothed
12.6.4 C Toothed
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 Double 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) Double V-Belt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Double 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) Double V-Belt Market Size Forecast by Type
13.6.1 Z Toothed
13.6.2 A Toothed
13.6.3 B Toothed
13.6.4 C Toothed
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) Double 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 Double V-Belt Market: Competitive Dashboard
14.2 Global Double V-Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sanlux
14.3.2 Bando Chemical Industrials Ltd
14.3.3 Hutchinson
14.3.4 Continental Industry
14.3.5 MBL Corporation
14.3.6 Mitsuboshi
14.3.7 Bridgestone
14.3.8 Fenner
14.3.9 Yokohama
14.3.10 Zhejiang Double Arrow
14.3.11 Sempertrans
14.3.12 Baoding Huayue
14.3.13 Zhejiang Sanwei
14.3.14 Shandong Phoebus
14.3.15 Wuxi Boton
14.3.16 Zhangjiagang Huashen
14.3.17 HSIN YUNG
14.3.18 Fuxin Shuangxiang
14.3.19 Anhui Zhongyi
14.3.20 QingDao Rubber Six
14.3.21 Hebei Yichuan
14.3.22 Smiley Monroe
