Market Overview:
The global V-ribbed belts 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 V-ribbed belts from various applications, such as industrial drives, agricultural drives, fractional-horsepower drives, automotive accessory drives, mass-produced drives and others. Additionally, the growing demand for miniaturized and energy efficient devices is also contributing to the growth of this market.
Product Definition:
V-ribbed belts are the most common type of belt used in automotive and industrial applications. They are so named because of the V-shaped ribs that run the length of the belt. The ribs help to keep the belt centered on the pulleys and increase its grip. This makes them less likely to slip or come off, which can cause damage to equipment or create safety hazards.
H-type:
H-type is a special type of elastomer, which has the ability to generate large amounts of stress in a radial direction. This property allows for better performance under high temperatures and severe service conditions. The most important application of H-type is in the production of V-ribbed belts, which find wide applications in heavy industries such as oil & gas and chemical processing.
J-type:
The J-type is a special type of polyester fiber that has been developed to be used in the V-ribbed belts. The reason for using this particular type of fiber is because it can withstand high tensile stress without breaking down. This makes it suitable to be used in combination with steel or iron ribbons as well as provides an added advantage, which is its capability to sustain varying degrees of heat without any damage being done to the material itself.
Application Insights:
The automotive application segment led the global v-ribbed belts market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing production of electric vehicles (EVs) across major economies, including China, Germany, Japan and U.S., as a result of supportive government policies for promoting adoption of EVs. For instance, in 2016, the Chinese government announced that it would invest USD 7 billion in building a domestic EV industry by 2019 through various initiatives such as tax incentives and regulatory changes aimed at reducing barriers for foreign companies operating within China's EV sector.
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 automotive production, and rapid urbanization in emerging economies such as China, India, Indonesia. Moreover, growing infrastructure activities are also anticipated to drive the demand for v-ribbed belts across Asia Pacific.
The Latin American regional market is projected to witness significant growth over the forecast period owing to an increase in construction activities coupled with a rise in automotive production rates of passenger vehicles and heavy commercial vehicles across Brazil and Argentina. In addition, rising investments by governments for developing smart cities are likely boost product demand across this region during the forecast period from 2018 to 2030 (USD X billion).
Growth Factors:
- Increasing demand from the automotive industry for V-ribbed belts as they are reliable and efficient.
- Growing popularity of V-ribbed belts in the agricultural sector due to their high performance and durability.
- Rising demand for replacement parts in industrial machinery, which is boosting the growth of the V-ribbed belt market.
- Rapid urbanization and industrialization in developing countries is leading to an increase in demand for power transmission products, thereby propelling the growth of the V-ribbed belt market.
Scope Of The Report
Report Attributes
Report Details
Report Title
V-Ribbed Belts Market Research Report
By Type
H-type, J-type, K-type, L-type, M-type, Other
By Application
Industrial Drives, Agricultural Drives, Fractional-horsepower Drives, Automotive Accessory Drives, Mass-produced Drives, Other
By Companies
AA-TOP, ACDelco, Bando Europe GmbH, Bosch, CARLISLE, Dayco, Dazhong Rubber Belt, Gates, INA, Kaibin Rubber Industry Co. Ltd, MBL(USA) Corporation, Mitsuboshi Belting, Motorcraft, Pep Boys, RobotDigg, Tooline, UMSTRANS, Walther Flender, WALTHER FLENDER, Xingtai Boshuo Trading Co. Ltd
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global V-Ribbed Belts Market Report Segments:
The global V-Ribbed Belts market is segmented on the basis of:
Types
H-type, J-type, K-type, L-type, M-type, Other
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 Drives, Agricultural Drives, Fractional-horsepower Drives, Automotive Accessory Drives, Mass-produced Drives, 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:
- AA-TOP
- ACDelco
- Bando Europe GmbH
- Bosch
- CARLISLE
- Dayco
- Dazhong Rubber Belt
- Gates
- INA
- Kaibin Rubber Industry Co. Ltd
- MBL(USA) Corporation
- Mitsuboshi Belting
- Motorcraft
- Pep Boys
- RobotDigg
- Tooline
- UMSTRANS
- Walther Flender
- WALTHER FLENDER
- Xingtai Boshuo Trading Co. Ltd
Highlights of The V-Ribbed 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:
- H-type
- J-type
- K-type
- L-type
- M-type
- Other
- By Application:
- Industrial Drives
- Agricultural Drives
- Fractional-horsepower Drives
- Automotive Accessory Drives
- Mass-produced Drives
- 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 V-Ribbed 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
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-ribbed belts are a type of belt made from two V-shaped pieces of fabric that are sewn together. The V-shape creates a ribbed effect on the belt, which gives it its name.
Some of the major companies in the v-ribbed belts market are AA-TOP, ACDelco, Bando Europe GmbH, Bosch, CARLISLE, Dayco, Dazhong Rubber Belt, Gates, INA, Kaibin Rubber Industry Co. Ltd, MBL(USA) Corporation, Mitsuboshi Belting, Motorcraft, Pep Boys, RobotDigg, Tooline, UMSTRANS, Walther Flender, WALTHER FLENDER, Xingtai Boshuo Trading Co. Ltd.
The v-ribbed belts market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. V-Ribbed 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. V-Ribbed Belts Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. V-Ribbed Belts Market - Supply Chain
4.5. Global V-Ribbed Belts Market Forecast
4.5.1. V-Ribbed Belts Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. V-Ribbed Belts Market Size (000 Units) and Y-o-Y Growth
4.5.3. V-Ribbed Belts Market Absolute $ Opportunity
5. Global V-Ribbed 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. V-Ribbed Belts Market Size and Volume Forecast by Type
5.3.1. H-type
5.3.2. J-type
5.3.3. K-type
5.3.4. L-type
5.3.5. M-type
5.3.6. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global V-Ribbed 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. V-Ribbed Belts Market Size and Volume Forecast by Application
6.3.1. Industrial Drives
6.3.2. Agricultural Drives
6.3.3. Fractional-horsepower Drives
6.3.4. Automotive Accessory Drives
6.3.5. Mass-produced Drives
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global V-Ribbed 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. V-Ribbed 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 V-Ribbed 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. V-Ribbed 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 V-Ribbed Belts Demand Share Forecast, 2019-2026
9. North America V-Ribbed 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 V-Ribbed 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 V-Ribbed Belts Market Size and Volume Forecast by Application
9.4.1. Industrial Drives
9.4.2. Agricultural Drives
9.4.3. Fractional-horsepower Drives
9.4.4. Automotive Accessory Drives
9.4.5. Mass-produced Drives
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America V-Ribbed Belts Market Size and Volume Forecast by Type
9.7.1. H-type
9.7.2. J-type
9.7.3. K-type
9.7.4. L-type
9.7.5. M-type
9.7.6. Other
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 V-Ribbed Belts Demand Share Forecast, 2019-2026
10. Latin America V-Ribbed 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 V-Ribbed 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 V-Ribbed Belts Market Size and Volume Forecast by Application
10.4.1. Industrial Drives
10.4.2. Agricultural Drives
10.4.3. Fractional-horsepower Drives
10.4.4. Automotive Accessory Drives
10.4.5. Mass-produced Drives
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America V-Ribbed Belts Market Size and Volume Forecast by Type
10.7.1. H-type
10.7.2. J-type
10.7.3. K-type
10.7.4. L-type
10.7.5. M-type
10.7.6. Other
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 V-Ribbed Belts Demand Share Forecast, 2019-2026
11. Europe V-Ribbed 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 V-Ribbed 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 V-Ribbed Belts Market Size and Volume Forecast by Application
11.4.1. Industrial Drives
11.4.2. Agricultural Drives
11.4.3. Fractional-horsepower Drives
11.4.4. Automotive Accessory Drives
11.4.5. Mass-produced Drives
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe V-Ribbed Belts Market Size and Volume Forecast by Type
11.7.1. H-type
11.7.2. J-type
11.7.3. K-type
11.7.4. L-type
11.7.5. M-tye
11.7.6. Other
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 V-Ribbed Belts Demand Share, 2019-2026
12. Asia Pacific V-Ribbed 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 V-Ribbed 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 V-Ribbed Belts Market Size and Volume Forecast by Application
12.4.1. Industrial Drives
12.4.2. Agricultural Drives
12.4.3. Fractional-horsepower Drives
12.4.4. Automotive Accessory Drives
12.4.5. Mass-produced Drives
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific V-Ribbed Belts Market Size and Volume Forecast by Type
12.7.1. H-type
12.7.2. J-type
12.7.3. K-type
12.7.4. L-type
12.7.5. M-type
12.7.6. Other
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 V-Ribbed Belts Demand Share, 2019-2026
13. Middle East & Africa V-Ribbed 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 V-Ribbed 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 V-Ribbed Belts Market Size and Volume Forecast by Application
13.4.1. Industrial Drives
13.4.2. Agricultural Drives
13.4.3. Fractional-horsepower Drives
13.4.4. Automotive Accessory Drives
13.4.5. Mass-produced Drives
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa V-Ribbed Belts Market Size and Volume Forecast by Type
13.7.1. H-type
13.7.2. J-type
13.7.3. K-type
13.7.4. L-type
13.7.5. M-type
13.7.6. Other
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 V-Ribbed Belts Demand Share, 2019-2026
14. Competition Landscape
14.1. Global V-Ribbed Belts Market: Market Share Analysis
14.2. V-Ribbed Belts Distributors and Customers
14.3. V-Ribbed Belts Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AA-TOP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ACDelco
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bando Europe GmbH
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bosch
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CARLISLE
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dayco
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Dazhong Rubber Belt
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gates
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. INA
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kaibin Rubber Industry Co. Ltd
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. MBL(USA) Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mitsuboshi Belting
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Motorcraft
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Pep Boys
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. RobotDigg
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Tooline
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. UMSTRANS
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Walther Flender
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. WALTHER FLENDER
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Xingtai Boshuo Trading Co. Ltd
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
