Market Overview:
The global industrial belt drives market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient and reliable belt drives in various industries such as automotive, agriculture machinery, mining and minerals, and others. In addition, the growing trend of Industry 4.0 is also anticipated to fuel the demand for industrial belt drives in the coming years. Based on type, the global industrial belt drives market can be segmented into timing belt drives, V-belt drives, flat beltdrivesand others. Timing belts are used in high-speed applications where accuracy and precision are critical factors; whereas V-belts are used for power transmission in low speed applications with large loads capacity requirements. Flat belts are mainly used in agricultural machineryand other low speed applications where space constraints or special design considerations limit use of other types of belts drive systems .
Product Definition:
Industrial belt drives are a type of belt drive that is used in industrial applications. They are typically made from heavy-duty materials and are designed to handle high loads and voltages. Industrial belt drives are used to transmit power between two shafts and can be used to power equipment such as conveyor belts, machine tools, and pumps.
Timing Belt Drives:
Timing Belt Drives, also known as Clutch Drives or Flywheel Drive is a mechanical device used in industrial belt drives to provide accurate and stable transmission of power. It is mainly used in heavy machinery such as feeder drives, material handling equipment, and other drive systems. Timing Belt Drives are primarily classified into two types: Wet Belts & Dry Belts.
V-Belt Drives:
V-belt drives are used in industrial belt drives to transmit the power from one pulley to another. The V-belts are made up of rubber, cloth or a flexible polymer material and they can be laid across the surface of a rotating machine. They have several advantages over conventional drive belts such as they do not slip, provide high transmission efficiency and offer high load carrying capacity.
Application Insights:
The industrial machinery segment accounted for the largest market share in 2017 and is anticipated to continue its dominance over the forecast period. The growth of this application can be attributed to increasing demand for construction and mining equipment across developing countries. Industrial machinery includes various components, such as engines, compressors, turbines, heat exchangers among others that are used in numerous applications including automobiles and agriculture machinery.
Automobiles segment is also expected to witness significant growth during the forecast period owing to rising demand from developing countries such as China India Indonesia Vietnam Argentina Brazil etcetera. Belt drives offer smooth engagement of transmission without oil changes or any other maintenance procedures required with conventional transmissions which makes them ideal for automotive applications where space is a premium commodity.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to the presence of a large number of manufacturers and end-users in countries, such as China, India, Japan, and South Korea. The region is expected to continue its dominance over the forecast period due to increasing industrial activities coupled with growing population.
The growth of industries including automotive and manufacturing is anticipated to drive demand for industrial belts across North America over the forecast period. In addition, rising investments by governments in infrastructural development are likely boost demand for VFDs used for power generation applications that consume large amounts of energy.
Growth Factors:
- Increasing demand from the automotive and transportation industry for belt drives with higher power transmission capacity is expected to drive the growth of industrial belt drives market.
- Growing demand for energy-efficient and reliable drive systems across various industries is also anticipated to fuel the growth of industrial belt drives market in near future.
- Rising adoption of variable speed drives in various industries is another key factor that would propel the growth of this market during forecast period.
- Increasing investments in research and development activities by leading players to develop new technologies and products is likely to boost the growth prospects of industrial belt drives market in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Belt Drives Market Research Report
By Type
Timing Belt Drives, V-Belt Drives, Flat Belt Drives, Others
By Application
Industrial Machinery, Automobiles, Agriculture Machinery, Mining and Minerals, Others
By Companies
Gates, Optibelt, ContiTech, Browning (Regal Beloit), Hutchinson, Dayco, Megadyne, Fenner, Berner International, SIT S.p.A., Gates
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
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Belt Drives Market Report Segments:
The global Industrial Belt Drives market is segmented on the basis of:
Types
Timing Belt Drives, V-Belt Drives, Flat Belt Drives, 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
Industrial Machinery, Automobiles, Agriculture Machinery, Mining and Minerals, 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:
- Gates
- Optibelt
- ContiTech
- Browning (Regal Beloit)
- Hutchinson
- Dayco
- Megadyne
- Fenner
- Berner International
- SIT S.p.A.
- Gates
Highlights of The Industrial Belt Drives 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:
- Timing Belt Drives
- V-Belt Drives
- Flat Belt Drives
- Others
- By Application:
- Industrial Machinery
- Automobiles
- Agriculture Machinery
- Mining and Minerals
- 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 Industrial Belt Drives 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?
Industrial belt drives are a type of drivetrain that is used in industrial applications. They are typically used to power machines and equipment, and they can be found in a variety of different configurations.
Some of the key players operating in the industrial belt drives market are Gates, Optibelt, ContiTech, Browning (Regal Beloit), Hutchinson, Dayco, Megadyne, Fenner, Berner International, SIT S.p.A., Gates.
The industrial belt drives market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Belt Drives 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 Industrial Belt Drives Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Belt Drives 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 Industrial Belt Drives 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 Industrial Belt Drives Market Size & Forecast, 2020-2028
4.5.1 Industrial Belt Drives Market Size and Y-o-Y Growth
4.5.2 Industrial Belt Drives Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Timing Belt Drives
5.2.2 V-Belt Drives
5.2.3 Flat Belt Drives
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial Machinery
6.2.2 Automobiles
6.2.3 Agriculture Machinery
6.2.4 Mining and Minerals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Belt Drives 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 Industrial Belt Drives 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Timing Belt Drives
9.6.2 V-Belt Drives
9.6.3 Flat Belt Drives
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 Market Size Forecast by Applications
9.10.1 Industrial Machinery
9.10.2 Automobiles
9.10.3 Agriculture Machinery
9.10.4 Mining and Minerals
9.10.5 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Timing Belt Drives
10.6.2 V-Belt Drives
10.6.3 Flat Belt Drives
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 Market Size Forecast by Applications
10.10.1 Industrial Machinery
10.10.2 Automobiles
10.10.3 Agriculture Machinery
10.10.4 Mining and Minerals
10.10.5 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Timing Belt Drives
11.6.2 V-Belt Drives
11.6.3 Flat Belt Drives
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 Market Size Forecast by Applications
11.10.1 Industrial Machinery
11.10.2 Automobiles
11.10.3 Agriculture Machinery
11.10.4 Mining and Minerals
11.10.5 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Timing Belt Drives
12.6.2 V-Belt Drives
12.6.3 Flat Belt Drives
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 Market Size Forecast by Applications
12.10.1 Industrial Machinery
12.10.2 Automobiles
12.10.3 Agriculture Machinery
12.10.4 Mining and Minerals
12.10.5 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Timing Belt Drives
13.6.2 V-Belt Drives
13.6.3 Flat Belt Drives
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) Market Size Forecast by Applications
13.10.1 Industrial Machinery
13.10.2 Automobiles
13.10.3 Agriculture Machinery
13.10.4 Mining and Minerals
13.10.5 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 Industrial Belt Drives Market: Competitive Dashboard
14.2 Global Industrial Belt Drives Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gates
14.3.2 Optibelt
14.3.3 ContiTech
14.3.4 Browning (Regal Beloit)
14.3.5 Hutchinson
14.3.6 Dayco
14.3.7 Megadyne
14.3.8 Fenner
14.3.9 Berner International
14.3.10 SIT S.p.A.
14.3.11 Gates
