Market Overview:
The global synchronous pulley 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 synchronous pulleys from various industrial and experimental equipment applications. Additionally, the growing demand for precision engineering products is also contributing to the growth of this market. On the basis of type, the global synchronous pulley market can be segmented into double groove, single groove and multiple groove types. The double groove type is expected to hold a major share in this market during the forecast period owing to its high performance and durability characteristics. On the basis of application, industrial equipment held a major share in 2017 and is projected to grow at a CAGR of 6% during 2018-2030 owing to rising demand for synchronization systems across various industries such as automotive, aerospace & defense and others).
Product Definition:
A synchronous pulley is a type of belt drive that uses two or more pulleys, one or more of which are driven by a motor, to transmit power. The use of synchronous pulleys allows for the use of smaller diameter belts, which can lead to increased efficiency and less wear on the belt.
Double Groove:
Double groove is a method of making two parallel cuts through the same piece of wood to provide greater strength and reduce warping. The method was developed in the 19th century by American engineer, Alanson H. Groove, who patented his invention in 1849.
The product has gained widespread acceptance over the past few years owing to its several advantages such as it can be used with any species of wood; it offers high strength.
Single Groove:
Single Groove is a type of pulley system which consists of only one continuous wire or string running through the center. It is used in various applications such as water pumps, centrifugal compressors, and air compressors. The single-groove pulley system has fewer number of teeths per inch compared to double or triple-groove systems making it ideal for high speed applications.
Application Insights:
The synchronous pulley market is segmented on the basis of application into industrial equipment, experimental equipment, and others. The industrial application segment accounted for a major share in 2017 and this trend is expected to continue over the forecast period. This can be attributed to factors such as growing demand for heavy machinery in construction, mining and metal processing industries. Furthermore, increasing government funding towards research & development activities pertaining to synchronous belts for heavy machinery are further anticipated to drive the growth of this market over the forecast period.
Regional Analysis:
Europe dominated the global market in terms of revenue in 2017. The region is expected to witness moderate growth over the forecast period owing to rising demand for industrial equipment and favorable government initiatives. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing investments by governments in infrastructure development and manufacturing facilities, coupled with growing awareness regarding product applications. Moreover, low labor costs are anticipated to attract many manufacturers from developed economies of Europe and North America, thereby driving demand across a broad range of industries including automotive, construction, food & beverage processing/packaging machinery among others.
Growth Factors:
- Increasing demand from the automotive and construction industries for synchronous pulleys
- Growing popularity of belt-driven systems over traditional gear-based systems
- Rising demand for energy-efficient and low-maintenance synchronous pulleys
- Technological advancements in synchronous pulley manufacturing processes
- Growing awareness about the benefits of using synchronous pulleys
Scope Of The Report
Report Attributes
Report Details
Report Title
Synchronous Pulley Market Research Report
By Type
Double Groove, Single Groove, Multiple Groove
By Application
Industrial Equipment, Experimental Equipment, Others
By Companies
ContiTech AG, Bando, Gates Corporation, Misumi, The Timken Company, Dayco Products, Martin Sprocket, Tsubakimoto, Fenner PLC, RS
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
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.
Global Synchronous Pulley Market Report Segments:
The global Synchronous Pulley market is segmented on the basis of:
Types
Double Groove, Single Groove, Multiple Groove
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 Equipment, Experimental Equipment, 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:
- ContiTech AG
- Bando
- Gates Corporation
- Misumi
- The Timken Company
- Dayco Products
- Martin Sprocket
- Tsubakimoto
- Fenner PLC
- RS
Highlights of The Synchronous Pulley 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:
- Double Groove
- Single Groove
- Multiple Groove
- By Application:
- Industrial Equipment
- Experimental Equipment
- 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 Synchronous Pulley 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 synchronous pulley is a type of pulley that uses the same rope to move both the load and the drive wheel. This eliminates any need for a gearbox, which can make the system more efficient.
Some of the major companies in the synchronous pulley market are ContiTech AG, Bando, Gates Corporation, Misumi, The Timken Company, Dayco Products, Martin Sprocket, Tsubakimoto, Fenner PLC, RS.
The synchronous pulley 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 Synchronous Pulley 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 Synchronous Pulley Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synchronous Pulley 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 Synchronous Pulley 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 Synchronous Pulley Market Size & Forecast, 2018-2028
4.5.1 Synchronous Pulley Market Size and Y-o-Y Growth
4.5.2 Synchronous Pulley Market Absolute $ Opportunity
Chapter 5 Global Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Type
5.2.1 Double Groove
5.2.2 Single Groove
5.2.3 Multiple Groove
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Applications
6.2.1 Industrial Equipment
6.2.2 Experimental Equipment
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synchronous Pulley 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 Synchronous Pulley 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 Synchronous Pulley Analysis and Forecast
9.1 Introduction
9.2 North America Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Type
9.6.1 Double Groove
9.6.2 Single Groove
9.6.3 Multiple Groove
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 Synchronous Pulley Market Size Forecast by Applications
9.10.1 Industrial Equipment
9.10.2 Experimental Equipment
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 Synchronous Pulley Analysis and Forecast
10.1 Introduction
10.2 Europe Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Type
10.6.1 Double Groove
10.6.2 Single Groove
10.6.3 Multiple Groove
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 Synchronous Pulley Market Size Forecast by Applications
10.10.1 Industrial Equipment
10.10.2 Experimental Equipment
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 Synchronous Pulley Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Type
11.6.1 Double Groove
11.6.2 Single Groove
11.6.3 Multiple Groove
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 Synchronous Pulley Market Size Forecast by Applications
11.10.1 Industrial Equipment
11.10.2 Experimental Equipment
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 Synchronous Pulley Analysis and Forecast
12.1 Introduction
12.2 Latin America Synchronous Pulley 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 Synchronous Pulley Market Size Forecast by Type
12.6.1 Double Groove
12.6.2 Single Groove
12.6.3 Multiple Groove
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 Synchronous Pulley Market Size Forecast by Applications
12.10.1 Industrial Equipment
12.10.2 Experimental Equipment
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) Synchronous Pulley Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synchronous Pulley 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) Synchronous Pulley Market Size Forecast by Type
13.6.1 Double Groove
13.6.2 Single Groove
13.6.3 Multiple Groove
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) Synchronous Pulley Market Size Forecast by Applications
13.10.1 Industrial Equipment
13.10.2 Experimental Equipment
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 Synchronous Pulley Market: Competitive Dashboard
14.2 Global Synchronous Pulley Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ContiTech AG
14.3.2 Bando
14.3.3 Gates Corporation
14.3.4 Misumi
14.3.5 The Timken Company
14.3.6 Dayco Products
14.3.7 Martin Sprocket
14.3.8 Tsubakimoto
14.3.9 Fenner PLC
14.3.10 RS
