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Global Banded V Belts Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 26, 2025
Length 164 Pages
SKU # BOSS20357588

Description

Report Overview

Banded V belts, also known as joined or multiple V belts, are power transmission components consisting of two or more individual V belts joined laterally by a durable fabric or rubber band. These belts are designed to maintain alignment and distribute load evenly across multiple belts, reducing vibration and slippage while improving efficiency in high-torque applications such as industrial machinery, agricultural equipment, and automotive systems. The banding enhances stability, prolongs belt life, and minimizes maintenance requirements compared to traditional single V belts. The global market for banded V belts is driven by increasing demand from manufacturing, agriculture, and automotive sectors, particularly in emerging economies where industrialization is accelerating. Key growth factors include the need for energy-efficient power transmission solutions and the replacement of outdated belt systems in aging machinery. However, competition from synchronous belts and chain drives poses a challenge, as these alternatives offer higher precision and durability in certain applications. Leading manufacturers focus on advanced materials like high-strength rubber compounds and reinforced fabrics to improve performance and meet stringent industry standards. Regional demand varies, with Asia-Pacific dominating due to rapid industrial expansion, while North America and Europe emphasize premium, long-lasting belts for heavy-duty applications. Sustainability trends are also influencing the market, with manufacturers adopting eco-friendly materials and production processes to align with regulatory and consumer preferences.

The global Banded V Belts market size was estimated at USD 1301.93 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 3.20% during the forecast period.

This report offers a comprehensive and in-depth analysis of the global Banded V Belts market, covering all critical facets from a broad macroeconomic overview to detailed micro-level insights. It examines market size, competitive landscape, emerging development trends, niche segments, key drivers and challenges, as well as conducts SWOT and value chain analyses.

The insights provided enable readers to understand the competitive dynamics within the industry and formulate effective strategies to enhance profitability and market positioning. Additionally, the report presents a clear framework for evaluating the current status and future outlook of business organizations operating in this sector.

A significant focus of this report lies in the competitive landscape of the global Banded V Belts market. It offers detailed profiles of major players, including their market shares, performance metrics, product portfolios, and operational status. This enables stakeholders to identify leading competitors and gain a nuanced understanding of market rivalry and structure.

In summary, this report serves as an essential resource for industry participants, investors, researchers, consultants, and business strategists, as well as anyone planning to enter or expand their presence in the Banded V Belts market.

Global Banded V Belts Market: Market Segmentation Analysis

This research report provides a detailed segmentation of the market by region (country), key manufacturers, product type, and application. Market segmentation divides the overall market into distinct subsets based on factors such as product categories, end-user industries, geographic locations, and other relevant criteria.

A clear understanding of these market segments enables decision-makers to tailor their product development, sales, and marketing strategies more effectively to meet the unique needs of each segment. Leveraging market segmentation insights can significantly enhance targeted approaches, optimize resource allocation, and accelerate product innovation cycles by aligning offerings with the specific demands of diverse customer groups.

Key Company

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

Market Segmentation (by Type)

2 Bands V Belts

3 Bands V Belts

4 Bands V Belts

Others

Market Segmentation (by Application)

Agricultural Machinery

Construction Machinery

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Banded V Belts Market

Overview of the regional outlook of the Banded V Belts Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an 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 Banded V Belts Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the 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 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to 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 8 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 capacity of each country in the world.

Chapter 9 shares the main producing countries of Banded V Belts, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

164 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Banded V Belts
1.2 Key Market Segments
1.2.1 Banded V Belts Segment by Type
1.2.2 Banded V Belts Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Banded V Belts Market Overview
2.1 Global Market Overview
2.1.1 Global Banded V Belts Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Banded V Belts Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Banded V Belts Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Banded V Belts Product Life Cycle
3.3 Global Banded V Belts Sales by Manufacturers (2020-2025)
3.4 Global Banded V Belts Revenue Market Share by Manufacturers (2020-2025)
3.5 Banded V Belts Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Banded V Belts Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Banded V Belts Market Competitive Situation and Trends
3.8.1 Banded V Belts Market Concentration Rate
3.8.2 Global 5 and 10 Largest Banded V Belts Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Banded V Belts Industry Chain Analysis
4.1 Banded V Belts Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Banded V Belts Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Banded V Belts Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Banded V Belts Market
5.7 ESG Ratings of Leading Companies
6 Banded V Belts Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Banded V Belts Sales Market Share by Type (2020-2025)
6.3 Global Banded V Belts Market Size Market Share by Type (2020-2025)
6.4 Global Banded V Belts Price by Type (2020-2025)
7 Banded V Belts Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Banded V Belts Market Sales by Application (2020-2025)
7.3 Global Banded V Belts Market Size (M USD) by Application (2020-2025)
7.4 Global Banded V Belts Sales Growth Rate by Application (2020-2025)
8 Banded V Belts Market Sales by Region
8.1 Global Banded V Belts Sales by Region
8.1.1 Global Banded V Belts Sales by Region
8.1.2 Global Banded V Belts Sales Market Share by Region
8.2 Global Banded V Belts Market Size by Region
8.2.1 Global Banded V Belts Market Size by Region
8.2.2 Global Banded V Belts Market Size Market Share by Region
8.3 North America
8.3.1 North America Banded V Belts Sales by Country
8.3.2 North America Banded V Belts Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Banded V Belts Sales by Country
8.4.2 Europe Banded V Belts Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Banded V Belts Sales by Region
8.5.2 Asia Pacific Banded V Belts Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Banded V Belts Sales by Country
8.6.2 South America Banded V Belts Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Banded V Belts Sales by Region
8.7.2 Middle East and Africa Banded V Belts Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Banded V Belts Market Production by Region
9.1 Global Production of Banded V Belts by Region(2020-2025)
9.2 Global Banded V Belts Revenue Market Share by Region (2020-2025)
9.3 Global Banded V Belts Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Banded V Belts Production
9.4.1 North America Banded V Belts Production Growth Rate (2020-2025)
9.4.2 North America Banded V Belts Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Banded V Belts Production
9.5.1 Europe Banded V Belts Production Growth Rate (2020-2025)
9.5.2 Europe Banded V Belts Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Banded V Belts Production (2020-2025)
9.6.1 Japan Banded V Belts Production Growth Rate (2020-2025)
9.6.2 Japan Banded V Belts Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Banded V Belts Production (2020-2025)
9.7.1 China Banded V Belts Production Growth Rate (2020-2025)
9.7.2 China Banded V Belts Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Dunlop
10.1.1 Dunlop Basic Information
10.1.2 Dunlop Banded V Belts Product Overview
10.1.3 Dunlop Banded V Belts Product Market Performance
10.1.4 Dunlop Business Overview
10.1.5 Dunlop SWOT Analysis
10.1.6 Dunlop Recent Developments
10.2 SKF
10.2.1 SKF Basic Information
10.2.2 SKF Banded V Belts Product Overview
10.2.3 SKF Banded V Belts Product Market Performance
10.2.4 SKF Business Overview
10.2.5 SKF SWOT Analysis
10.2.6 SKF Recent Developments
10.3 Bando
10.3.1 Bando Basic Information
10.3.2 Bando Banded V Belts Product Overview
10.3.3 Bando Banded V Belts Product Market Performance
10.3.4 Bando Business Overview
10.3.5 Bando SWOT Analysis
10.3.6 Bando Recent Developments
10.4 ContiTech
10.4.1 ContiTech Basic Information
10.4.2 ContiTech Banded V Belts Product Overview
10.4.3 ContiTech Banded V Belts Product Market Performance
10.4.4 ContiTech Business Overview
10.4.5 ContiTech Recent Developments
10.5 COLMANT CUVELIER
10.5.1 COLMANT CUVELIER Basic Information
10.5.2 COLMANT CUVELIER Banded V Belts Product Overview
10.5.3 COLMANT CUVELIER Banded V Belts Product Market Performance
10.5.4 COLMANT CUVELIER Business Overview
10.5.5 COLMANT CUVELIER Recent Developments
10.6 Dayco
10.6.1 Dayco Basic Information
10.6.2 Dayco Banded V Belts Product Overview
10.6.3 Dayco Banded V Belts Product Market Performance
10.6.4 Dayco Business Overview
10.6.5 Dayco Recent Developments
10.7 Fenner PLC (Michelin)
10.7.1 Fenner PLC (Michelin) Basic Information
10.7.2 Fenner PLC (Michelin) Banded V Belts Product Overview
10.7.3 Fenner PLC (Michelin) Banded V Belts Product Market Performance
10.7.4 Fenner PLC (Michelin) Business Overview
10.7.5 Fenner PLC (Michelin) Recent Developments
10.8 Vinko Auto Industries (VAIL)
10.8.1 Vinko Auto Industries (VAIL) Basic Information
10.8.2 Vinko Auto Industries (VAIL) Banded V Belts Product Overview
10.8.3 Vinko Auto Industries (VAIL) Banded V Belts Product Market Performance
10.8.4 Vinko Auto Industries (VAIL) Business Overview
10.8.5 Vinko Auto Industries (VAIL) Recent Developments
10.9 Flexer Rubber
10.9.1 Flexer Rubber Basic Information
10.9.2 Flexer Rubber Banded V Belts Product Overview
10.9.3 Flexer Rubber Banded V Belts Product Market Performance
10.9.4 Flexer Rubber Business Overview
10.9.5 Flexer Rubber Recent Developments
10.10 Goodyear
10.10.1 Goodyear Basic Information
10.10.2 Goodyear Banded V Belts Product Overview
10.10.3 Goodyear Banded V Belts Product Market Performance
10.10.4 Goodyear Business Overview
10.10.5 Goodyear Recent Developments
10.11 HUTCHINSON (Total SA)
10.11.1 HUTCHINSON (Total SA) Basic Information
10.11.2 HUTCHINSON (Total SA) Banded V Belts Product Overview
10.11.3 HUTCHINSON (Total SA) Banded V Belts Product Market Performance
10.11.4 HUTCHINSON (Total SA) Business Overview
10.11.5 HUTCHINSON (Total SA) Recent Developments
10.12 Lovejoy
10.12.1 Lovejoy Basic Information
10.12.2 Lovejoy Banded V Belts Product Overview
10.12.3 Lovejoy Banded V Belts Product Market Performance
10.12.4 Lovejoy Business Overview
10.12.5 Lovejoy Recent Developments
10.13 Megadyne
10.13.1 Megadyne Basic Information
10.13.2 Megadyne Banded V Belts Product Overview
10.13.3 Megadyne Banded V Belts Product Market Performance
10.13.4 Megadyne Business Overview
10.13.5 Megadyne Recent Developments
10.14 Optibelt
10.14.1 Optibelt Basic Information
10.14.2 Optibelt Banded V Belts Product Overview
10.14.3 Optibelt Banded V Belts Product Market Performance
10.14.4 Optibelt Business Overview
10.14.5 Optibelt Recent Developments
10.15 OMFA Rubbers
10.15.1 OMFA Rubbers Basic Information
10.15.2 OMFA Rubbers Banded V Belts Product Overview
10.15.3 OMFA Rubbers Banded V Belts Product Market Performance
10.15.4 OMFA Rubbers Business Overview
10.15.5 OMFA Rubbers Recent Developments
10.16 Dharamshila Belting
10.16.1 Dharamshila Belting Basic Information
10.16.2 Dharamshila Belting Banded V Belts Product Overview
10.16.3 Dharamshila Belting Banded V Belts Product Market Performance
10.16.4 Dharamshila Belting Business Overview
10.16.5 Dharamshila Belting Recent Developments
10.17 N.K. Enterprises
10.17.1 N.K. Enterprises Basic Information
10.17.2 N.K. Enterprises Banded V Belts Product Overview
10.17.3 N.K. Enterprises Banded V Belts Product Market Performance
10.17.4 N.K. Enterprises Business Overview
10.17.5 N.K. Enterprises Recent Developments
10.18 Gates
10.18.1 Gates Basic Information
10.18.2 Gates Banded V Belts Product Overview
10.18.3 Gates Banded V Belts Product Market Performance
10.18.4 Gates Business Overview
10.18.5 Gates Recent Developments
10.19 Mitsuboshi
10.19.1 Mitsuboshi Basic Information
10.19.2 Mitsuboshi Banded V Belts Product Overview
10.19.3 Mitsuboshi Banded V Belts Product Market Performance
10.19.4 Mitsuboshi Business Overview
10.19.5 Mitsuboshi Recent Developments
10.20 BEHA
10.20.1 BEHA Basic Information
10.20.2 BEHA Banded V Belts Product Overview
10.20.3 BEHA Banded V Belts Product Market Performance
10.20.4 BEHA Business Overview
10.20.5 BEHA Recent Developments
11 Banded V Belts Market Forecast by Region
11.1 Global Banded V Belts Market Size Forecast
11.2 Global Banded V Belts Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Banded V Belts Market Size Forecast by Country
11.2.3 Asia Pacific Banded V Belts Market Size Forecast by Region
11.2.4 South America Banded V Belts Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Banded V Belts by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Banded V Belts Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Banded V Belts by Type (2026-2033)
12.1.2 Global Banded V Belts Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Banded V Belts by Type (2026-2033)
12.2 Global Banded V Belts Market Forecast by Application (2026-2033)
12.2.1 Global Banded V Belts Sales (K Units) Forecast by Application
12.2.2 Global Banded V Belts Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
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