Market Overview:
Variable speed belt is a type of belt that has the ability to change its speed. It is used in various applications such as automobiles, packaging equipment, office equipment and others. The global variable speed belt market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. Some of the key factors driving the growth of this market include increasing demand for automation in various industries and rising adoption of variable speed belts in automotive applications. However, high installation and maintenance costs are some of the major factors restraining the growth of this market.
Product Definition:
Variable Speed Belts are belts that can be adjusted to change the speed of the machinery they are powering. This is important because it allows for more flexibility and control over the machines being powered, which can result in increased efficiency and productivity.
Narrow Type Variable Speed Belt:
NTVS Belt is a variable speed drive that uses the principle of centrifugal force for power transmission. The NTVS Belts are used in various industries such as food & beverage, pharmaceuticals, chemicals and petroleum refining among others. They have applications in both horizontal and vertical drives. Horizontal drives are used to propel fans, pumps or conveyors while vertical applications include hoistway components (lifts), screwdrivers or feeder belts among others.
Wide Type Variable Speed Belt:
Wide type variable speed belt is a kind of drive system used in the industries which has applications in various sectors such as food & beverage, chemical processing, cement and mining. It is also applicable to some other industries such as automotive and marine. The wide type variable speed belt can be defined as a power transmission device consisting of multiple pulleys with different speeds on them that are used for driving machinery or rotating machines at different speeds.
Application Insights:
Automotive was the largest application segment and accounted for a volume share of over 80% in 2017. The automotive industry is one of the leading consumers of VSB owing to its high production volumes, short product life cycles, and frequent product changes. These factors have resulted in an increased demand for VSB across this industry.
The packaging equipment segment is expected to register a CAGR around 11% from 2018 to 2030 on account of increasing use of automation technology in this sector. Moreover, growth in e-commerce has led manufacturers operating online retail stores to focus on improving their logistics network by adopting advanced technologies such as robotics and AGVs which can transport packages efficiently with less human intervention at each step along the supply chain process. This factor will further boost variable speed belts market growth over the forecast period.
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 office equipment in countries, such as China and India. Furthermore, rising investments in the manufacturing sector by various governments are likely to boost product demand across this region.
The European market was valued at over USD X billion in 2017 and is anticipated to witness considerable growth during the forecast period on account of high product utilization across several applications, such as packaging machinery and automotive industry.
Growth Factors:
- Increasing demand for energy-efficient and low-emission vehicles
- Rising disposable income of consumers in developing countries
- Stringent government regulations on fuel emissions and environmental protection
- Technological advancements in variable speed belt manufacturing process
- Growing popularity of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Variable Speed Belt Market Research Report
By Type
Narrow Type Variable Speed Belt, Wide Type Variable Speed Belt
By Application
Automobile, Packaging Equipment, Office Equipment, Others
By Companies
Grainger, Tsubakimoto, Gates, Fenner, ContiTech AG, Acorn, Lovejoy Inc, Big River Rubber
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Variable Speed Belt Market Report Segments:
The global Variable Speed Belt market is segmented on the basis of:
Types
Narrow Type Variable Speed Belt, Wide Type Variable Speed 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
Automobile, Packaging Equipment, Office 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:
- Grainger
- Tsubakimoto
- Gates
- Fenner
- ContiTech AG
- Acorn
- Lovejoy Inc
- Big River Rubber
Highlights of The Variable Speed 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:
- Narrow Type Variable Speed Belt
- Wide Type Variable Speed Belt
- By Application:
- Automobile
- Packaging Equipment
- Office 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 Variable Speed 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?
Variable speed belt is a type of drive belt that can be adjusted to different speeds. This allows the machine to move faster or slower depending on the task at hand.
Some of the key players operating in the variable speed belt market are Grainger, Tsubakimoto, Gates, Fenner, ContiTech AG, Acorn, Lovejoy Inc, Big River Rubber.
The variable speed belt 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 Variable Speed 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 Variable Speed Belt Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Variable Speed 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 Variable Speed 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 Variable Speed Belt Market Size & Forecast, 2018-2028
4.5.1 Variable Speed Belt Market Size and Y-o-Y Growth
4.5.2 Variable Speed Belt Market Absolute $ Opportunity
Chapter 5 Global Variable Speed 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 Variable Speed Belt Market Size Forecast by Type
5.2.1 Narrow Type Variable Speed Belt
5.2.2 Wide Type Variable Speed Belt
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Variable Speed 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 Variable Speed Belt Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Packaging Equipment
6.2.3 Office Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Variable Speed 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 Variable Speed 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 Variable Speed Belt Analysis and Forecast
9.1 Introduction
9.2 North America Variable Speed 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 Variable Speed Belt Market Size Forecast by Type
9.6.1 Narrow Type Variable Speed Belt
9.6.2 Wide Type Variable Speed 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 Variable Speed Belt Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Packaging Equipment
9.10.3 Office Equipment
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 Variable Speed Belt Analysis and Forecast
10.1 Introduction
10.2 Europe Variable Speed 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 Variable Speed Belt Market Size Forecast by Type
10.6.1 Narrow Type Variable Speed Belt
10.6.2 Wide Type Variable Speed 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 Variable Speed Belt Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Packaging Equipment
10.10.3 Office Equipment
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 Variable Speed Belt Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Variable Speed 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 Variable Speed Belt Market Size Forecast by Type
11.6.1 Narrow Type Variable Speed Belt
11.6.2 Wide Type Variable Speed 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 Variable Speed Belt Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Packaging Equipment
11.10.3 Office Equipment
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 Variable Speed Belt Analysis and Forecast
12.1 Introduction
12.2 Latin America Variable Speed 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 Variable Speed Belt Market Size Forecast by Type
12.6.1 Narrow Type Variable Speed Belt
12.6.2 Wide Type Variable Speed 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 Variable Speed Belt Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Packaging Equipment
12.10.3 Office Equipment
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) Variable Speed Belt Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Variable Speed 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) Variable Speed Belt Market Size Forecast by Type
13.6.1 Narrow Type Variable Speed Belt
13.6.2 Wide Type Variable Speed 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) Variable Speed Belt Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Packaging Equipment
13.10.3 Office Equipment
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 Variable Speed Belt Market: Competitive Dashboard
14.2 Global Variable Speed Belt Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Grainger
14.3.2 Tsubakimoto
14.3.3 Gates
14.3.4 Fenner
14.3.5 ContiTech AG
14.3.6 Acorn
14.3.7 Lovejoy Inc
14.3.8 Big River Rubber
