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.
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:
- 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
Highlights of The Hexagonal Belts 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:
- 72-210 Inches
- 70-250 Inches
- 90-280 Inches
- By Application:
- Agriculture
- Automotive
- Industry
- Other
- 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 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.
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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?
Hexagonal belts are a type of belt that is made up of hexagons. They are often used to create a more durable and stylish belt.
Some of the major companies in the hexagonal belts market are 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.
The hexagonal belts market is expected to register a CAGR of 5.5%.
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
