Market Overview:
The global V-belt pulleys 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 industrial equipment and automotive industry across the globe. Additionally, rising awareness about energy efficiency is also propelling the growth of this market. Based on type, the global V-belt pulleys market can be segmented into double groove, single groove and multiple groove. Among these, double groove type is expected to witness highest growth during the forecast period owing to its ability to transmit high power output with minimum slippage between belt and pulley surfaces. By application, industrial equipment segment dominates this market followed by automotive industry and others segments respectively.
Product Definition:
A V-belt pulley is a belt pulley with a V-shaped groove. It is used to transmit power from one shaft to another, or to change the direction of power transmission.
Double Groove:
Double groove is a method of pulley construction where there are two parallel ridges running side by side, one above the other. The advantage of this system over single or triple groove systems is that only half the weight of material needs to be removed to change the shape and position of a given section. This results in less wood needed for support and better stability while changing shape & position compared to traditional methods.
Single Groove:
Single Groove is a method of manufacturing Pulleys, Cylinders and Gaskets using only one continuous strip of metal. The strip is passed through a die or laser to cut the required shape. It offers several advantages over conventional grooves such as less material used, uniformity and high strength resulting in more efficient production with reduced wastage.
Application Insights:
The industry equipment segment dominated the global v-belt pulleys market in 2017. This can be attributed to growing demand for various industrial machinery, including material handling equipment and packaging machines. Growing mining and construction industries are also expected to contribute significantly towards product demand over the next eight years.
Industrial robots are widely used in automotive production lines owing to their ability to work continuously without taking a break, along with increased efficiency and productivity. Industrial robots accounted for nearly 15% of total robot sales in 2016, according to Gartner Inc., which is expected drive growth over the forecast period.
Automotive application is projected register a CAGR of XX% from 2018to 2030 on account of increasing fuel prices resulting in an increase in vehicle manufacturing globally, thus augmenting product demand during this period as well as future periods too.
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, increasing per capita income, and changing demographics. China is one of the largest markets for v-belt pulleys in Asia Pacific due to rapid industrialization along with a large population base that requires various machinery for production as well as processing of food grains, minerals, energy crops & raw materials.
The demand for belts in North America was valued at USD X million in 2017 owing to high usage across several industries including automotive, construction equipment manufacturing industry etc. Europe also accounted for a significant share owing to growing automobile production coupled with technological advancements such as reduction gears used within these machines are driving the product demand from European countries such Germany and Italy among others which are major consumers globally.
Growth Factors:
- Increasing demand from the automotive industry
- Growing construction and infrastructure activities
- Rising industrialization in developing countries
- Proliferation of automated machines and equipment
- Technological advancements
Scope Of The Report
Report Attributes
Report Details
Report Title
V-Belt Pulleys Market Research Report
By Type
Double Groove, Single Groove, Multiple Groove
By Application
Industry Equipment, Automotive Industry, Others
By Companies
Arntz Optibelt GmbH, ContiTech AG, Fenner PLC, Regina Industria SpA, Designatronics, Tsubakimoto UK, Dayco Products, Misumi, Brewer, Grainger, Canton Racing
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global V-Belt Pulleys Market Report Segments:
The global V-Belt Pulleys 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
Industry Equipment, Automotive Industry, 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:
- Arntz Optibelt GmbH
- ContiTech AG
- Fenner PLC
- Regina Industria SpA
- Designatronics
- Tsubakimoto UK
- Dayco Products
- Misumi
- Brewer
- Grainger
- Canton Racing
Highlights of The V-Belt Pulleys 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:
- Industry Equipment
- Automotive Industry
- 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 V-Belt Pulleys 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
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- Consumer Insights
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- Product & Brand Management
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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?
V-belt pulleys are a type of belt drive that use two V-shaped belts to transfer power from the engine to the driveshaft. This design is more efficient than traditional pulleys, and it's also easier to maintain because there are fewer parts that can wear out.
Some of the key players operating in the v-belt pulleys market are Arntz Optibelt GmbH, ContiTech AG, Fenner PLC, Regina Industria SpA, Designatronics, Tsubakimoto UK, Dayco Products, Misumi, Brewer, Grainger, Canton Racing.
The v-belt pulleys 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 V-Belt Pulleys 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 V-Belt Pulleys Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 V-Belt Pulleys 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 V-Belt Pulleys 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 V-Belt Pulleys Market Size & Forecast, 2020-2028
4.5.1 V-Belt Pulleys Market Size and Y-o-Y Growth
4.5.2 V-Belt Pulleys 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 Double Groove
5.2.2 Single Groove
5.2.3 Multiple Groove
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 Industry Equipment
6.2.2 Automotive Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global V-Belt Pulleys 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 V-Belt Pulleys 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 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 Market Size Forecast by Applications
9.10.1 Industry Equipment
9.10.2 Automotive Industry
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 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 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 Market Size Forecast by Applications
10.10.1 Industry Equipment
10.10.2 Automotive Industry
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 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 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 Market Size Forecast by Applications
11.10.1 Industry Equipment
11.10.2 Automotive Industry
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 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 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 Market Size Forecast by Applications
12.10.1 Industry Equipment
12.10.2 Automotive Industry
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) 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 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) Market Size Forecast by Applications
13.10.1 Industry Equipment
13.10.2 Automotive Industry
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 V-Belt Pulleys Market: Competitive Dashboard
14.2 Global V-Belt Pulleys Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Arntz Optibelt GmbH
14.3.2 ContiTech AG
14.3.3 Fenner PLC
14.3.4 Regina Industria SpA
14.3.5 Designatronics
14.3.6 Tsubakimoto UK
14.3.7 Dayco Products
14.3.8 Misumi
14.3.9 Brewer
14.3.10 Grainger
14.3.11 Canton Racing
