Market Overview:
The global polyurethane timing belt market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for computer numerical control machine tools and other applications across the globe. In terms of type, the trapezoidal tooth polyurethane timing belt segment is expected to dominate the market during the forecast period owing to its properties such as high wear resistance and low noise levels. In terms of application, computer numerical control machine tools segment is expected to hold a major share of the market during 2018-2030 owing to its growing demand from various industries across different regions.
Product Definition:
A polyurethane timing belt is a type of belt that is used to transfer power between two or more shafts. It is made of polyurethane, which makes it resistant to wear and tear. This type of belt is often used in industrial applications where reliable performance and durability are essential.
Trapezoidal Tooth Polyurethane Timing Belt:
Trapezoidal tooth polyurethane timing belt is a new type of polyurethane product, which has trapezoidal cross-section and is used as a timing belt in the automotive industry. The product was developed by SABIC (Saudi Arabia Basic Industries Corporation) for their local market. However, it got commercialized when they were sold to Mitsubishi Rayon Co., Ltd.
Arc Tooth Polyurethane Timing Belt:
The polyurethane timing belt is a rubber or plastic coated fabric that is wound around the outer edge of the polyurethane wheel. The teeth of the timing belt are designed to fit into notches on either side of the gear stick. As opposed to freewheel timing belts, this type of belt has teeth that mesh with another object to create a frictionless surface and thus helps in providing an accurate and reliable indication of position as compared to free-wheeling counterparts.
Application Insights:
The computer numerical control machine tools segment dominated the global market in terms of revenue share in 2017. Computer numerical control machines are widely used for various applications such as metal cutting, plastic working, CNC machining and others. The demand for these machines is increasing owing to their ability to produce high precision parts with complex shapes and sizes. Polyurethane timing belts are majorly used in these types of machines due to their excellent performance characteristics such as long life, low maintenance cost and high reliability which enables a longer production run with minimal errors or omissions in the part produced.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for polyurethane timing belts in industrial machinery and motor vehicles. The growth can be attributed to the presence of major manufacturers such as Japan Polyurethane timing Belt Co., Ltd, PUIU, In-Timing and Hyundai Timing Belt Co., Ltd. in this region along with rising investments by various companies for manufacturing high quality products at competitive prices.
The Latin American market was valued at over USD X million in 2017.
Growth Factors:
- Increasing demand from the automotive industry: The global Polyurethane Timing Belt market is expected to grow at a CAGR of 5.5% during the forecast period, owing to the increasing demand from the automotive industry. Polyurethane belts are used in various applications such as power steering, air conditioning, and engine cooling systems in automobiles.
- Growing demand for fuel-efficient vehicles: The growing demand for fuel-efficient vehicles is another key factor that is expected to drive the growth of the global Polyurethane Timing Belt market during the forecast period. Owing to their low weight and high strength, polyurethane belts are increasingly being used in fuel-efficient vehicles instead of traditional rubber belts.
- Rising awareness about vehicle safety: There has been a rising awareness about vehicle safety among consumers in recent years, which is driving them towards opting for safer alternatives such as polyurethane timing belts over traditional rubber timing belts. This is further propellingthe growth ofthe globalPolyurethaneTimingBeltmarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Polyurethane Timing Belt Market Research Report
By Type
Trapezoidal Tooth Polyurethane Timing Belt, Arc Tooth Polyurethane Timing Belt
By Application
Computer Numerical Control Machine Tools, Others
By Companies
Gates, Continental, Habasit, NOK, Forbo, BANDO, Mitsuboshi, BRECO, Megadyne, OPTIBELT, Gates, Jiebao, Belt, Wutong, Kaiou, Fengmao, Fulong, Slongwang
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Polyurethane Timing Belt Market Report Segments:
The global Polyurethane Timing Belt market is segmented on the basis of:
Types
Trapezoidal Tooth Polyurethane Timing Belt, Arc Tooth Polyurethane Timing Belt
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
Computer Numerical Control Machine Tools, 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
- Continental
- Habasit
- NOK
- Forbo
- BANDO
- Mitsuboshi
- BRECO
- Megadyne
- OPTIBELT
- Gates
- Jiebao
- Belt
- Wutong
- Kaiou
- Fengmao
- Fulong
- Slongwang
Highlights of The Polyurethane Timing 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:
- Trapezoidal Tooth Polyurethane Timing Belt
- Arc Tooth Polyurethane Timing Belt
- By Application:
- Computer Numerical Control Machine Tools
- 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 Polyurethane Timing 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 polyurethane timing belt is a type of timing belt that is made from a synthetic material. It is often used in vehicles to help ensure the engine runs at its optimum speed. This belt can also help to prevent damage to the engine due to excessive wear.
Some of the key players operating in the polyurethane timing belt market are Gates, Continental, Habasit, NOK, Forbo, BANDO, Mitsuboshi, BRECO, Megadyne, OPTIBELT, Gates, Jiebao, Belt, Wutong, Kaiou, Fengmao, Fulong, Slongwang.
The polyurethane timing 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 Polyurethane Timing 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 Polyurethane Timing Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polyurethane Timing 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 Polyurethane Timing 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 Polyurethane Timing Belt Market Size & Forecast, 2020-2028
4.5.1 Polyurethane Timing Belt Market Size and Y-o-Y Growth
4.5.2 Polyurethane Timing Belt 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 Trapezoidal Tooth Polyurethane Timing Belt
5.2.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polyurethane Timing 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 Polyurethane Timing 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 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 Trapezoidal Tooth Polyurethane Timing Belt
9.6.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
9.10.2 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 Trapezoidal Tooth Polyurethane Timing Belt
10.6.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
10.10.2 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 Trapezoidal Tooth Polyurethane Timing Belt
11.6.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
11.10.2 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 Trapezoidal Tooth Polyurethane Timing Belt
12.6.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
12.10.2 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 Trapezoidal Tooth Polyurethane Timing Belt
13.6.2 Arc Tooth Polyurethane Timing Belt
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 Computer Numerical Control Machine Tools
13.10.2 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 Polyurethane Timing Belt Market: Competitive Dashboard
14.2 Global Polyurethane Timing Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Gates
14.3.2 Continental
14.3.3 Habasit
14.3.4 NOK
14.3.5 Forbo
14.3.6 BANDO
14.3.7 Mitsuboshi
14.3.8 BRECO
14.3.9 Megadyne
14.3.10 OPTIBELT
14.3.11 Gates
14.3.12 Jiebao
14.3.13 Belt
14.3.14 Wutong
14.3.15 Kaiou
14.3.16 Fengmao
14.3.17 Fulong
14.3.18 Slongwang
