Industrial Belt Drives Industry 2018 Market Research Report

The global industrial belt drives market is expected to display higher growth rate over the next five years. Rapid surge in the industrial belt drives market is credited to the rising investments towards modernization of manufacturing plant facilities. Growing automotive sector coupled with wide range application of variable speed belts in industrial processes are some of the prominent factors for market growth. Globally, market is predicted to generate massive revenue over next five years, providing numerous opportunities for market players to invest for research and development in the industrial belt drives market.

Increasing investment by industrial manufactures to improve overall productivity and limit downtime in end-users market segment is expected to boost the growth of the market in the upcoming years. Growing manufacturing and automotive sector in the Asia Pacific region, particularly in the developing economies such as India and China are estimated to drive the market growth in the near future. Rising focus towards modernization and automation of various industrial process to ensure streamlined, efficient, and faster approach is projected to positively influence market progress of industrial belt drives.

Shifting trends towards increasing adoption of industrial belt drives in the manufacturing industries is attributed to factors such as flexibility and adaptability for every distributor operation and any drive. Additionally, easy availability of industrial belt drives with broad product range that allows transmission of variable load power is expected to favor market growth. Some of the benefits of industrial belt drives include different of orientations such as horizontal, vertical or inclined and independent operational capabilities. These factors plays a major role for boosting the growth of industrial belt drives market in the upcoming years.

Market is broadly categorized into major segments based on the application type such as material handling industry, industrial machinery, agriculture sector, and mining & minerals sector. Industrial machinery segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of industrial belt drives in the industrial machinery segment is attributed to the increasing manufacturing activities in North America and Asia Pacific region. The material handling industry segment has also witnessed substantial growth due to increasing adoption of conveyor systems and growing demand for power transmission equipment.

The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in manufacturing sector, surge in number of research & development activities in the region and existence of well-established industrial infrastructure.

Asia-Pacific region is estimated to hold major share in the market with massive growth in forecast period. Countries such as India, China, Japan and Singapore are leading the Asia-Pacific market with strong economic growth, rising manufacturing activities, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the industrial belt drives market are ContiTech AG, Dayco Products Corp., Fenner PLC, Gates Corp., Optibelt GmbH, B&B Manufacturing, Inc., Belt Company Ltd., Brammer Ltd., Hutchinson S.A., Jason Industrial, Inc., and Pix Transmission Ltd.

Market Segment:

The major manufacturers covered in this report
• ContiTech
• Dayco
• Fenner
• Gates
• Optibelt
• B&B Manufacturing
• Belt
• Brammer
• Hutchinson
• Jason Industrial
• Pix Transmission

Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, market share and growth opportunity in these key regions, covering
• North America
• Europe
• China
• Japan
• Other Regions

The regional scope of the study is as follows:
• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• ZV
• CV
• CR
• CL

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, (sales), market share and growth rate for each application, including
• Agricultural
• Mining
• Mechanical Industry
• Other

The key points of this report are:
• To analyze and study the global Industrial Belt Drives capacity, production, value, status (2013-2017) and forecast (2018-2025);
• Focuses on the key Industrial Belt Drives manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.