Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hexagonal Belts Market by Type (72-210 Inches, 70-250 Inches, 90-280 Inches), By Application (Agriculture, Automotive, Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hexagonal Belts Market by Type (72-210 Inches, 70-250 Inches, 90-280 Inches), By Application (Agriculture, Automotive, Industry, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 131144 3300 Chemical & Material 377 231 Pages 4.8 (39)
                                          

Market Overview:


The global hexagonal belts 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 hexagonal belts in various applications such as agriculture, automotive, industry and others. Hexagonal belts are also being used in conveyor systems owing to their high strength-to-weight ratio and resistance against wear and tear. North America is expected to lead the global hexagonal belt market during the forecast period followed by Europe, Asia Pacific and Latin America respectively.


Global Hexagonal Belts Industry Outlook


Product Definition:


A hexagonal belt is a type of belt that has a ridged or honeycomb pattern on the surface. Hexagonal belts are used in many industrial applications, such as conveyor belts, because they provide extra grip and traction.


72-210 Inches:


72-210 inches is a standard size for Hexagonal Belts. The 72-210 inches hexagonal belt has six equally divided sides and 210 evenly spaces teeth. It's used in applications where high torque low speed drive systems are required such as construction equipment, material handling, earthmoving machinery, mining equipment and electric power steering among others.


70-250 Inches:


70-250 inches is a standard size for hexagonal belts. It is also known as 6 inch wide by 250 feet long or 2.75 mm thick by 44 meters long, commonly used in drive belts and power transmission Belts industry. The product can be customized based on requirements of customers; it has the ability to produce both narrow (less than 7mm) and wide (7mm+) belts depending on the application needs.


Application Insights:


The industry is segmented by application into agriculture, automotive, industry and others. The other applications include construction and mining. Agriculture was the largest application sector in 2017 accounting for over 40% of the overall revenue share. This can be attributed to high product demand from countries such as China, India and Brazil where farming is a major occupation.


The global hexagonal belt market has witnessed significant growth in recent years owing to its increasing use in various industries including power generation, cement manufacturing and paper making among others which are yet to be fully implemented across all regions of the world. Industries such as chemical processing require large scale belts that can withstand extreme temperatures along with continuous usage for extended periods thereby driving their demand globally over the forecast period 1-6 years from 2018 to 2030  (assumes a CAGR of XX% during this period).


Regional Analysis:


North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to the presence of prominent players such as Iveco, DAF Trucks, and Navistar International Corporation based in this region. The growing demand for trucks across various industries is expected to drive the regional market growth over the forecast period.


Asia Pacific is anticipated to witness significant growth during the forecast period owing to increasing construction activities across economies such as China and India on account of rising population coupled with rapid urbanization resulting into increased need for transportation facilities like roads and railways thus driving industry growth.


Growth Factors:


  • Increasing demand from the automotive industry for Hexagonal Belts as they are used in power transmission and conveyor applications.
  • Growing popularity of Hexagonal Belts in the agricultural sector due to their high wear resistance and durability.
  • Rising demand for Hexagonal Belts from the construction industry as they are used in a variety of applications such as drilling, crushing, and screening operations.
  • Increasing use of Hexagonal belts in mining operations due to their superior strength and abrasion resistance properties.

Scope Of The Report

Report Attributes

Report Details

Report Title

Hexagonal Belts Market Research Report

By Type

72-210 Inches, 70-250 Inches, 90-280 Inches

By Application

Agriculture, Automotive, Industry, Other

By Companies

Supreme Rubber Industries, San Wu Rubber, Dunlop, SKF, Bando, ContiTech, COLMANT CUVELIER, Dayco, Fenner PLC (Michelin), Vinko Auto Industries (VAIL), Flexer Rubber, Goodyear, HUTCHINSON (Total SA), Lovejoy, Megadyne, Optibelt, OMFA Rubbers, Dharamshila Belting, N.K. Enterprises, Gates, Mitsuboshi, BEHA, PIX Transmissions

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

231

Number of Tables & Figures

162

Customization Available

Yes, the report can be customized as per your need.


Global Hexagonal Belts Market Report Segments:

The global Hexagonal Belts market is segmented on the basis of:

Types

72-210 Inches, 70-250 Inches, 90-280 Inches

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

Agriculture, Automotive, Industry, Other

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:

  1. Supreme Rubber Industries
  2. San Wu Rubber
  3. Dunlop
  4. SKF
  5. Bando
  6. ContiTech
  7. COLMANT CUVELIER
  8. Dayco
  9. Fenner PLC (Michelin)
  10. Vinko Auto Industries (VAIL)
  11. Flexer Rubber
  12. Goodyear
  13. HUTCHINSON (Total SA)
  14. Lovejoy
  15. Megadyne
  16. Optibelt
  17. OMFA Rubbers
  18. Dharamshila Belting
  19. N.K. Enterprises
  20. Gates
  21. Mitsuboshi
  22. BEHA
  23. PIX Transmissions

Global Hexagonal Belts Market Overview


Highlights of The Hexagonal Belts Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Alpha Hydroxy Acid for Cosmetic Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. 72-210 Inches
    2. 70-250 Inches
    3. 90-280 Inches
  1. By Application:

    1. Agriculture
    2. Automotive
    3. Industry
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hexagonal Belts 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

Global Hexagonal Belts Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available
                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Hexagonal Belts Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Hexagonal Belts Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Hexagonal Belts Market - Supply Chain
   4.5. Global Hexagonal Belts Market Forecast
      4.5.1. Hexagonal Belts Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Hexagonal Belts Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Hexagonal Belts Market Absolute $ Opportunity

5. Global Hexagonal Belts Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Hexagonal Belts Market Size and Volume Forecast by Type
      5.3.1. 72-210 Inches
      5.3.2. 70-250 Inches
      5.3.3. 90-280 Inches
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Hexagonal Belts Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Hexagonal Belts Market Size and Volume Forecast by Application
      6.3.1. Agriculture
      6.3.2. Automotive
      6.3.3. Industry
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Hexagonal Belts Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Hexagonal Belts Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Hexagonal Belts Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Hexagonal Belts Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Hexagonal Belts Demand Share Forecast, 2019-2029

9. North America Hexagonal Belts Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Hexagonal Belts Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Hexagonal Belts Market Size and Volume Forecast by Application
      9.4.1. Agriculture
      9.4.2. Automotive
      9.4.3. Industry
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Hexagonal Belts Market Size and Volume Forecast by Type
      9.7.1. 72-210 Inches
      9.7.2. 70-250 Inches
      9.7.3. 90-280 Inches
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Hexagonal Belts Demand Share Forecast, 2019-2029

10. Latin America Hexagonal Belts Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Hexagonal Belts Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Hexagonal Belts Market Size and Volume Forecast by Application
      10.4.1. Agriculture
      10.4.2. Automotive
      10.4.3. Industry
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Hexagonal Belts Market Size and Volume Forecast by Type
      10.7.1. 72-210 Inches
      10.7.2. 70-250 Inches
      10.7.3. 90-280 Inches
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Hexagonal Belts Demand Share Forecast, 2019-2029

11. Europe Hexagonal Belts Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Hexagonal Belts Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Hexagonal Belts Market Size and Volume Forecast by Application
      11.4.1. Agriculture
      11.4.2. Automotive
      11.4.3. Industry
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Hexagonal Belts Market Size and Volume Forecast by Type
      11.7.1. 72-210 Inches
      11.7.2. 70-250 Inches
      11.7.3. 90-280 Inches
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Hexagonal Belts Demand Share, 2019-2029

12. Asia Pacific Hexagonal Belts Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Hexagonal Belts Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Hexagonal Belts Market Size and Volume Forecast by Application
      12.4.1. Agriculture
      12.4.2. Automotive
      12.4.3. Industry
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Hexagonal Belts Market Size and Volume Forecast by Type
      12.7.1. 72-210 Inches
      12.7.2. 70-250 Inches
      12.7.3. 90-280 Inches
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Hexagonal Belts Demand Share, 2019-2029

13. Middle East & Africa Hexagonal Belts Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Hexagonal Belts Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Hexagonal Belts Market Size and Volume Forecast by Application
      13.4.1. Agriculture
      13.4.2. Automotive
      13.4.3. Industry
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Hexagonal Belts Market Size and Volume Forecast by Type
      13.7.1. 72-210 Inches
      13.7.2. 70-250 Inches
      13.7.3. 90-280 Inches
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Hexagonal Belts Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Hexagonal Belts Market: Market Share Analysis
   14.2. Hexagonal Belts Distributors and Customers
   14.3. Hexagonal Belts Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Supreme Rubber Industries
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. San Wu Rubber
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. Dunlop
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. SKF
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. Bando
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. ContiTech
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. COLMANT CUVELIER
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Dayco
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Fenner PLC (Michelin)
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Vinko Auto Industries (VAIL)
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. Flexer Rubber
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Goodyear
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. HUTCHINSON (Total SA)
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. Lovejoy
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. Megadyne
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Optibelt
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. OMFA Rubbers
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Dharamshila Belting
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. N.K. Enterprises
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. Gates
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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