V-belts Industry Research Report 2025
Description
Summary
V-belt is a belt of V-shaped cross section engaging a V-shaped groove in a pulley for wedging and better traction.
V-Belts are friction based power or torque transmitters. The power is transmitted from one pulley to the other by means of the friction between the belt and pulley. The rubber used as the base material plays a very vital role in this. This is quite similar to the friction between the Tyre and road in the automobiles that enables the automobiles to move on the road.
The V-Belt is called so because of its cross section. The cross section of a V-Belt is similar to that of the letter ‘V’.
According to APO Research, The global V-belts market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.
North American market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of V-belts include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for V-belts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding V-belts.
The report will help the V-belts manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
The V-belts market size, estimations, and forecasts are provided in terms of sales volume (M Am) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global V-belts market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
V-belts Segment by Company
N.K. Enterprises
Dharamshila Belting
Navyug
Flexer Rubbers
Mitsuboshi
Gates
Fenner Drives
Continental Corporation
Beha
Optibelt
Sanlux
Sanwei
V-belts Segment by Type
A Type
B Type
C Type
D Type
E Type
Others
V-belts Segment by Application
Automotive
Industrial
Agricultural
Others
V-belts Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global V-belts market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of V-belts and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of V-belts.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of V-belts manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of V-belts by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of V-belts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.
V-belt is a belt of V-shaped cross section engaging a V-shaped groove in a pulley for wedging and better traction.
V-Belts are friction based power or torque transmitters. The power is transmitted from one pulley to the other by means of the friction between the belt and pulley. The rubber used as the base material plays a very vital role in this. This is quite similar to the friction between the Tyre and road in the automobiles that enables the automobiles to move on the road.
The V-Belt is called so because of its cross section. The cross section of a V-Belt is similar to that of the letter ‘V’.
According to APO Research, The global V-belts market was valued at US$ million in 2024 and is anticipated to reach US$ million by 2031, witnessing a CAGR of xx% during the forecast period 2025-2031.
North American market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2026 through 2031.
Asia-Pacific market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Europe market for V-belts is estimated to increase from $ million in 2025 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global manufacturers of V-belts include , etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for V-belts, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding V-belts.
The report will help the V-belts manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
The V-belts market size, estimations, and forecasts are provided in terms of sales volume (M Am) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global V-belts market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided. For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2020-2025. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
V-belts Segment by Company
N.K. Enterprises
Dharamshila Belting
Navyug
Flexer Rubbers
Mitsuboshi
Gates
Fenner Drives
Continental Corporation
Beha
Optibelt
Sanlux
Sanwei
V-belts Segment by Type
A Type
B Type
C Type
D Type
E Type
Others
V-belts Segment by Application
Automotive
Industrial
Agricultural
Others
V-belts Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global V-belts market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of V-belts and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of V-belts.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of V-belts manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of V-belts by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of V-belts in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
Please Note: Single-User license will be delivered via PDF from the publisher without the rights to print or to edit.
Table of Contents
128 Pages
- 1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
- 2 Market Overview
- 2.1 Product Definition
- 2.2 V-belts by Type
- 2.2.1 Market Value Comparison by Type (2020 VS 2024 VS 2031) & (US$ Million)
- 2.2.2 A Type
- 2.2.3 B Type
- 2.2.4 C Type
- 2.2.5 D Type
- 2.2.6 E Type
- 2.2.7 Others
- 2.3 V-belts by Application
- 2.3.1 Market Value Comparison by Application (2020 VS 2024 VS 2031) & (US$ Million)
- 2.3.2 Automotive
- 2.3.3 Industrial
- 2.3.4 Agricultural
- 2.3.5 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global V-belts Production Value Estimates and Forecasts (2020-2031)
- 2.4.2 Global V-belts Production Capacity Estimates and Forecasts (2020-2031)
- 2.4.3 Global V-belts Production Estimates and Forecasts (2020-2031)
- 2.4.4 Global V-belts Market Average Price (2020-2031)
- 3 Market Competitive Landscape by Manufacturers
- 3.1 Global V-belts Production by Manufacturers (2020-2025)
- 3.2 Global V-belts Production Value by Manufacturers (2020-2025)
- 3.3 Global V-belts Average Price by Manufacturers (2020-2025)
- 3.4 Global V-belts Industry Manufacturers Ranking, 2023 VS 2024 VS 2025
- 3.5 Global V-belts Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global V-belts Manufacturers, Product Type & Application
- 3.7 Global V-belts Manufacturers Established Date
- 3.8 Global V-belts Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
- 4 Manufacturers Profiled
- 4.1 N.K. Enterprises
- 4.1.1 N.K. Enterprises V-belts Company Information
- 4.1.2 N.K. Enterprises V-belts Business Overview
- 4.1.3 N.K. Enterprises V-belts Production, Value and Gross Margin (2020-2025)
- 4.1.4 N.K. Enterprises Product Portfolio
- 4.1.5 N.K. Enterprises Recent Developments
- 4.2 Dharamshila Belting
- 4.2.1 Dharamshila Belting V-belts Company Information
- 4.2.2 Dharamshila Belting V-belts Business Overview
- 4.2.3 Dharamshila Belting V-belts Production, Value and Gross Margin (2020-2025)
- 4.2.4 Dharamshila Belting Product Portfolio
- 4.2.5 Dharamshila Belting Recent Developments
- 4.3 Navyug
- 4.3.1 Navyug V-belts Company Information
- 4.3.2 Navyug V-belts Business Overview
- 4.3.3 Navyug V-belts Production, Value and Gross Margin (2020-2025)
- 4.3.4 Navyug Product Portfolio
- 4.3.5 Navyug Recent Developments
- 4.4 Flexer Rubbers
- 4.4.1 Flexer Rubbers V-belts Company Information
- 4.4.2 Flexer Rubbers V-belts Business Overview
- 4.4.3 Flexer Rubbers V-belts Production, Value and Gross Margin (2020-2025)
- 4.4.4 Flexer Rubbers Product Portfolio
- 4.4.5 Flexer Rubbers Recent Developments
- 4.5 Mitsuboshi
- 4.5.1 Mitsuboshi V-belts Company Information
- 4.5.2 Mitsuboshi V-belts Business Overview
- 4.5.3 Mitsuboshi V-belts Production, Value and Gross Margin (2020-2025)
- 4.5.4 Mitsuboshi Product Portfolio
- 4.5.5 Mitsuboshi Recent Developments
- 4.6 Gates
- 4.6.1 Gates V-belts Company Information
- 4.6.2 Gates V-belts Business Overview
- 4.6.3 Gates V-belts Production, Value and Gross Margin (2020-2025)
- 4.6.4 Gates Product Portfolio
- 4.6.5 Gates Recent Developments
- 4.7 Fenner Drives
- 4.7.1 Fenner Drives V-belts Company Information
- 4.7.2 Fenner Drives V-belts Business Overview
- 4.7.3 Fenner Drives V-belts Production, Value and Gross Margin (2020-2025)
- 4.7.4 Fenner Drives Product Portfolio
- 4.7.5 Fenner Drives Recent Developments
- 4.8 Continental Corporation
- 4.8.1 Continental Corporation V-belts Company Information
- 4.8.2 Continental Corporation V-belts Business Overview
- 4.8.3 Continental Corporation V-belts Production, Value and Gross Margin (2020-2025)
- 4.8.4 Continental Corporation Product Portfolio
- 4.8.5 Continental Corporation Recent Developments
- 4.9 Beha
- 4.9.1 Beha V-belts Company Information
- 4.9.2 Beha V-belts Business Overview
- 4.9.3 Beha V-belts Production, Value and Gross Margin (2020-2025)
- 4.9.4 Beha Product Portfolio
- 4.9.5 Beha Recent Developments
- 4.10 Optibelt
- 4.10.1 Optibelt V-belts Company Information
- 4.10.2 Optibelt V-belts Business Overview
- 4.10.3 Optibelt V-belts Production, Value and Gross Margin (2020-2025)
- 4.10.4 Optibelt Product Portfolio
- 4.10.5 Optibelt Recent Developments
- 4.11 Sanlux
- 4.11.1 Sanlux V-belts Company Information
- 4.11.2 Sanlux V-belts Business Overview
- 4.11.3 Sanlux V-belts Production, Value and Gross Margin (2020-2025)
- 4.11.4 Sanlux Product Portfolio
- 4.11.5 Sanlux Recent Developments
- 4.12 Sanwei
- 4.12.1 Sanwei V-belts Company Information
- 4.12.2 Sanwei V-belts Business Overview
- 4.12.3 Sanwei V-belts Production, Value and Gross Margin (2020-2025)
- 4.12.4 Sanwei Product Portfolio
- 4.12.5 Sanwei Recent Developments
- 5 Global V-belts Production by Region
- 5.1 Global V-belts Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
- 5.2 Global V-belts Production by Region: 2020-2031
- 5.2.1 Global V-belts Production by Region: 2020-2025
- 5.2.2 Global V-belts Production Forecast by Region (2026-2031)
- 5.3 Global V-belts Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
- 5.4 Global V-belts Production Value by Region: 2020-2031
- 5.4.1 Global V-belts Production Value by Region: 2020-2025
- 5.4.2 Global V-belts Production Value Forecast by Region (2026-2031)
- 5.5 Global V-belts Market Price Analysis by Region (2020-2025)
- 5.6 Global V-belts Production and Value, YOY Growth
- 5.6.1 North America V-belts Production Value Estimates and Forecasts (2020-2031)
- 5.6.2 Europe V-belts Production Value Estimates and Forecasts (2020-2031)
- 5.6.3 China V-belts Production Value Estimates and Forecasts (2020-2031)
- 5.6.4 Japan V-belts Production Value Estimates and Forecasts (2020-2031)
- 6 Global V-belts Consumption by Region
- 6.1 Global V-belts Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
- 6.2 Global V-belts Consumption by Region (2020-2031)
- 6.2.1 Global V-belts Consumption by Region: 2020-2025
- 6.2.2 Global V-belts Forecasted Consumption by Region (2026-2031)
- 6.3 North America
- 6.3.1 North America V-belts Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
- 6.3.2 North America V-belts Consumption by Country (2020-2031)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe V-belts Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
- 6.4.2 Europe V-belts Consumption by Country (2020-2031)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific V-belts Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
- 6.5.2 Asia Pacific V-belts Consumption by Country (2020-2031)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa V-belts Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
- 6.6.2 South America, Middle East & Africa V-belts Consumption by Country (2020-2031)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
- 7 Segment by Type
- 7.1 Global V-belts Production by Type (2020-2031)
- 7.1.1 Global V-belts Production by Type (2020-2031) & (M Am)
- 7.1.2 Global V-belts Production Market Share by Type (2020-2031)
- 7.2 Global V-belts Production Value by Type (2020-2031)
- 7.2.1 Global V-belts Production Value by Type (2020-2031) & (US$ Million)
- 7.2.2 Global V-belts Production Value Market Share by Type (2020-2031)
- 7.3 Global V-belts Price by Type (2020-2031)
- 8 Segment by Application
- 8.1 Global V-belts Production by Application (2020-2031)
- 8.1.1 Global V-belts Production by Application (2020-2031) & (M Am)
- 8.1.2 Global V-belts Production Market Share by Application (2020-2031)
- 8.2 Global V-belts Production Value by Application (2020-2031)
- 8.2.1 Global V-belts Production Value by Application (2020-2031) & (US$ Million)
- 8.2.2 Global V-belts Production Value Market Share by Application (2020-2031)
- 8.3 Global V-belts Price by Application (2020-2031)
- 9 Value Chain and Sales Channels Analysis of the Market
- 9.1 V-belts Value Chain Analysis
- 9.1.1 V-belts Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 V-belts Production Mode & Process
- 9.2 V-belts Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 V-belts Distributors
- 9.2.3 V-belts Customers
- 10 Global V-belts Analyzing Market Dynamics
- 10.1 V-belts Industry Trends
- 10.2 V-belts Industry Drivers
- 10.3 V-belts Industry Opportunities and Challenges
- 10.4 V-belts Industry Restraints
- 11 Report Conclusion
- 12 Disclaimer
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